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BlackRock MuniHoldings California Quality Fund
MUC

44 hedge funds and large institutions have $38.5M invested in BlackRock MuniHoldings California Quality Fund in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 4

33% more funds holding

Funds holding: 33 → 44 (+11)

26% more capital invested

Capital invested by funds: $30.5M → $38.5M (+$7.99M)

10% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 10

1.8% more ownership

Funds ownership: 5.56% → 7.36% (+1.8%)

Holders
44
Holders Change
+11
Holders Change %
+33.33%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
11
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$2.8M
2
Bank of America
Bank of America
North Carolina
+$1.49M
3
MSL
Mackay Shields LLC
New York
+$1.35M
4
TC
TFS Capital
Pennsylvania
+$1.04M
5
OFG
OTA Financial Group
New York
+$733K

Top Sellers

Rank Fund Capital Flow
1
FTCM
Fir Tree Capital Management
New York
-$943K
2
Invesco
Invesco
Georgia
-$446K
3
PP
Paloma Partners
Connecticut
-$144K
4
NES
New England Securities
New York
-$93K
5
Wells Fargo
Wells Fargo
California
-$90.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$178K -$4.42K -331 -2%
AIG
27
American International Group
New York
$171K +$24.6K +1,844 +17%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$160K -$73.7K -5,519 -31%
WAM
29
Weiss Asset Management
Massachusetts
$146K +$148K +11,047 New
AAM
30
Advisors Asset Management
Colorado
$115K +$116K +8,663 New
Creative Planning
31
Creative Planning
Kansas
$83K +$83.5K +6,254 New
RFA
32
Reilly Financial Advisors
California
$82K -$7.72K -578 -8%
MA
33
MUFG Americas
New York
$76K -$48.9K -3,658 -39%
Citigroup
34
Citigroup
New York
$76K -$6.69K -501 -8%
EMA
35
Efficient Market Advisors
California
$65K – – –
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$45K +$45.4K +3,401 New
Deutsche Bank
37
Deutsche Bank
Germany
$44K +$44.7K +3,350 New
EWM
38
Evercore Wealth Management
New York
$22K – – –
AA
39
Apriem Advisors
California
$13K – – –
TRCT
40
Tower Research Capital (TRC)
New York
$13K +$7.79K +583 +133%
FAM
41
Formidable Asset Management
Ohio
$10K – – –
Northern Trust
42
Northern Trust
Illinois
$7K +$226K +16,902 +48%
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$4K – – –
OFG
44
OTA Financial Group
New York
$725 +$733K +54,880 New
FTCM
45
Fir Tree Capital Management
New York
– -$943K -69,300 Closed
PP
46
Paloma Partners
Connecticut
– -$144K -10,604 Closed
NES
47
New England Securities
New York
– -$93K -6,799 Closed
Ameriprise
48
Ameriprise
Minnesota
– -$10K -700 Closed
1
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MUC Hedge Fund Activity: Q4 2013 in Review

44 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2013, worth a combined $38.5M — up 26% from $30.5M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new MUC positions and 4 closed out — a net gain of 12 holders — while 11 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.8M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $943K sold.

  • 44 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2013, up from 33 in Q3 2013.
  • Funds reported $38.5M of BlackRock MuniHoldings California Quality Fund stock for Q4 2013, up 26% quarter-over-quarter.
  • 16 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2013 and 4 closed out, a net change of +12 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2013 was Morgan Stanley, an estimated $2.8M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2013 was Fir Tree Capital Management, an estimated $943K sold.

Based on aggregated 13F filings for Q4 2013.