BlackRock MuniYield Michigan Quality Fund
MIY
63 hedge funds and large institutions have $81.4M invested in BlackRock MuniYield Michigan Quality Fund in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 9 closing their positions.
27% more capital invested
Capital invested by funds: $64.3M → $81.4M (+$17.1M)
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
2.49% more ownership
Funds ownership: 21.78% → 24.27% (+2.5%)
0% more funds holding
Funds holding: 63 → 63 (0)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.15M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.79M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.62M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.28M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$606K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.49M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.04M |
| 3 |
MPW
Melone Private Wealth
Auburn Hills,
Michigan
|
-$471K |
| 4 |
Morgan Stanley
New York
|
-$434K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$325K |
MIY Hedge Fund Activity: Q4 2023 in Review
63 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2023, worth a combined $81.4M — up 27% from $64.3M a quarter earlier.
Fund positioning in MIY was balanced in Q4 2023: 9 funds opened new positions, 9 closed out, 24 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.15M. The largest seller was Wells Fargo, cutting an estimated $1.49M.
- 63 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $81.4M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2023, up 27% quarter-over-quarter.
- 9 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2023 and 9 closed out, a net change of 0 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2023 was Saba Capital Management, an estimated $3.15M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2023 was Wells Fargo, an estimated $1.49M sold.
Based on aggregated 13F filings for Q4 2023.