BlackRock MuniYield Michigan Quality Fund
MIY
63 hedge funds and large institutions have $64.3M invested in BlackRock MuniYield Michigan Quality Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 26 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
2% more funds holding
Funds holding: 62 → 63 (+1)
1.11% more ownership
Funds ownership: 20.66% → 21.78% (+1.1%)
6% less capital invested
Capital invested by funds: $68.2M → $64.3M (-$3.92M)
31% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.95M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.05M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$871K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$483K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$390K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
-$1.16M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$584K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$372K |
| 4 |
WDL
Well Done LLC
Holland,
Michigan
|
-$346K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$324K |
MIY Hedge Fund Activity: Q3 2023 in Review
63 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2023, worth a combined $64.3M — down 5.7% from $68.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MIY positions and 4 closed out — a net gain of 1 holder — while 18 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $2.95M. The largest seller was Reitz Capital Advisors, cutting an estimated $1.16M.
- 63 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2023, up from 62 in Q2 2023.
- Funds reported $64.3M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2023, down 5.7% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2023 and 4 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2023 was Saba Capital Management, an estimated $2.95M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2023 was Reitz Capital Advisors, an estimated $1.16M sold.
Based on aggregated 13F filings for Q3 2023.