BlackRock MuniAssets Fund
MUA
69 hedge funds and large institutions have $68.4M invested in BlackRock MuniAssets Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 11 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 17
1.4% less ownership
Funds ownership: 18.68% → 17.28% (-1.4%)
3% less funds holding
Funds holding: 71 → 69 (-2)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
31% less capital invested
Capital invested by funds: $98.7M → $68.4M (-$30.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.29M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$942K |
| 3 |
Mariner
Overland Park,
Kansas
|
+$671K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$655K |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
+$616K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$21M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.75M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$2.58M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.25M |
| 5 |
PAS
Park Avenue Securities
New York
|
-$1.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFO
76
Pathstone Family Office
Englewood,
New Jersey
| – | -$21M | -8,576 | Closed |
|
|
CFB
77
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$40.6K | -3,751 | Closed |
|
|
TFA
78
Toth Financial Advisory
Leesburg,
Virginia
| – | -$34.6K | -3,200 | Closed |
|
79
JP Morgan Chase
New York
| – | -$16K | -1,521 | Closed |
|
|
WPA
80
West Paces Advisors
Atlanta,
Georgia
| – | -$9.51K | -878 | Closed |
|
MUA Hedge Fund Activity: Q1 2023 in Review
69 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniAssets Fund (MUA) for Q1 2023, worth a combined $68.4M — down 31% from $98.7M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MUA and 9 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 25 added.
The largest buyer was Bank of America, adding an estimated $2.29M. The largest seller was Pathstone Family Office, exiting entirely with an estimated $21M sold.
- 69 institutional investors held BlackRock MuniAssets Fund (MUA) as of Q1 2023, down from 71 in Q4 2022.
- Funds reported $68.4M of BlackRock MuniAssets Fund stock for Q1 2023, down 31% quarter-over-quarter.
- 9 funds opened new BlackRock MuniAssets Fund positions in Q1 2023 and 11 closed out, a net change of -2 holders.
- The largest BlackRock MuniAssets Fund buyer in Q1 2023 was Bank of America, an estimated $2.29M added.
- The largest BlackRock MuniAssets Fund seller in Q1 2023 was Pathstone Family Office, an estimated $21M sold.
Based on aggregated 13F filings for Q1 2023.