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BlackRock MuniHoldings California Quality Fund
MUC

38 hedge funds and large institutions have $42.2M invested in BlackRock MuniHoldings California Quality Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

10% more capital invested

Capital invested by funds: $38.5M → $42.2M (+$3.68M)

0.15% more ownership

Funds ownership: 7.36% → 7.51% (+0.15%)

14% less funds holding

Funds holding: 44 → 38 (-6)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
38
Holders Change
-6
Holders Change %
-13.64%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
15
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$947K
2
MIG
Mariner Investment Group
New York
+$755K
3
MSL
Mackay Shields LLC
New York
+$740K
4
WAM
Wolverine Asset Management
Illinois
+$463K
5
AQR Capital Management
AQR Capital Management
Connecticut
+$450K

Top Sellers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
-$638K
2
TC
TFS Capital
Pennsylvania
-$434K
3
Barclays
Barclays
United Kingdom
-$407K
4
SG Americas Securities
SG Americas Securities
New York
-$396K
5
VKH
Virtu KCG Holdings
New York
-$368K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$144K +$64K +4,651 +81%
AllianceBernstein
27
AllianceBernstein
Tennessee
$143K +$141K +10,269 New
Creative Planning
28
Creative Planning
Kansas
$87K – – –
MA
29
MUFG Americas
New York
$81K +$784 +57 +1%
RFA
30
Reilly Financial Advisors
California
$79K -$7.8K -567 -9%
EMA
31
Efficient Market Advisors
California
$69K – – –
Deutsche Bank
32
Deutsche Bank
Germany
$46K – – –
EWM
33
Evercore Wealth Management
New York
$23K – – –
AA
34
Apriem Advisors
California
$14K – – –
FAM
35
Formidable Asset Management
Ohio
$11K – – –
Northern Trust
36
Northern Trust
Illinois
$7K -$24.8K -1,800 -3%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$4K – – –
Barclays
38
Barclays
United Kingdom
$2K -$407K -29,555 -100%
OFG
39
OTA Financial Group
New York
– -$725 -54,880 Closed
FFA
40
First Foundation Advisors
California
– -$638K -48,228 Closed
SG Americas Securities
41
SG Americas Securities
New York
– -$396K -29,965 Closed
VKH
42
Virtu KCG Holdings
New York
– -$368K -27,845 Closed
HighTower Advisors
43
HighTower Advisors
Illinois
– -$264K -20,000 Closed
DA
44
Doliver Advisors
Texas
– -$258K -19,496 Closed
WAM
45
Weiss Asset Management
Massachusetts
– -$146K -11,047 Closed
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
– -$45K -3,401 Closed
TRCT
47
Tower Research Capital (TRC)
New York
– -$13K -1,020 Closed
1
2

MUC Hedge Fund Activity: Q1 2014 in Review

38 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2014, worth a combined $42.2M — up 9.5% from $38.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MUC and 3 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 15 added.

The largest buyer was Morgan Stanley, adding an estimated $947K. The largest seller was First Foundation Advisors, exiting entirely with an estimated $638K sold.

  • 38 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2014, down from 44 in Q4 2013.
  • Funds reported $42.2M of BlackRock MuniHoldings California Quality Fund stock for Q1 2014, up 9.5% quarter-over-quarter.
  • 3 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2014 and 9 closed out, a net change of -6 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2014 was Morgan Stanley, an estimated $947K added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2014 was First Foundation Advisors, an estimated $638K sold.

Based on aggregated 13F filings for Q1 2014.