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BlackRock MuniHoldings California Quality Fund
MUC

66 hedge funds and large institutions have $95.2M invested in BlackRock MuniHoldings California Quality Fund in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

38% more capital invested

Capital invested by funds: $69M → $95.2M (+$26.1M)

14% more funds holding

Funds holding: 58 → 66 (+8)

5.44% more ownership

Funds ownership: 13.48% → 18.92% (+5.4%)

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23

Holders
66
Holders Change
+8
Holders Change %
+13.79%
% of All Funds
1.47%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
19
Reduced
23
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.54M
2
SCM
Saba Capital Management
New York
+$3.78M
3
SIA
Sit Investment Associates
Minnesota
+$2.48M
4
RCM
Rivernorth Capital Management
Florida
+$2.47M
5
Bank of America
Bank of America
North Carolina
+$1.23M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.4M
2
CRC
Curi RMB Capital
Illinois
-$1.05M
3
UBS Group
UBS Group
Switzerland
-$884K
4
LPL Financial
LPL Financial
California
-$832K
5
JMPWA
JP Morgan Private Wealth Advisors
California
-$746K
Name Holding Trade Value Shares
Change 		Change in
Stake
DI
26
Diligent Investors
California
$509K +$23.3K +1,882 +5%
WAM
27
Weiss Asset Management
Massachusetts
$507K +$509K +41,087 New
HighTower Advisors
28
HighTower Advisors
Illinois
$500K -$235K -18,983 -32%
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$493K +$8.06K +650 +2%
DWM
30
Dakota Wealth Management
Florida
$454K +$460K +37,100 New
BPA
31
Beacon Pointe Advisors
California
$382K +$384K +30,952 New
Lido Advisors
32
Lido Advisors
California
$371K -$62K -5,000 -14%
LPL Financial
33
LPL Financial
California
$358K -$832K -67,120 -70%
MA
34
Mutual Advisors
Nebraska
$357K +$112 +9 +0%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$337K +$192K +15,498 +131%
Geode Capital Management
36
Geode Capital Management
Massachusetts
$321K -$16.6K -1,335 -5%
BCA
37
Benchmark Capital Advisors
New York
$308K – – –
RJFSA
38
Raymond James Financial Services Advisors
Florida
$304K – – –
VCM
39
Vivaldi Capital Management
Illinois
$287K -$41.5K -3,345 -13%
Millennium Management
40
Millennium Management
New York
$285K +$286K +23,094 New
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$269K -$62.2K -5,016 -19%
CIA
42
Capital Investment Advisors
Georgia
$250K – – –
OC
43
Oppenheimer & Co
New York
$230K +$2.43K +196 +1%
WS
44
Wedbush Securities
California
$226K -$53.2K -4,295 -19%
RJA
45
Raymond James & Associates
Florida
$211K +$45.8K +3,694 +28%
LNWWM
46
Laird Norton Wetherby Wealth Management
California
$178K +$5.69K +459 +3%
First Trust Advisors
47
First Trust Advisors
Illinois
$174K +$12.7K +1,025 +8%
WMG
48
WESCAP Management Group
California
$173K -$90.5K -7,298 -34%
TJHA
49
Thomas J. Herzfeld Advisors
Florida
$173K +$174K +14,050 New
CWS
50
Cypress Wealth Services
California
$161K – – –
1
2
3

MUC Hedge Fund Activity: Q4 2018 in Review

66 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2018, worth a combined $95.2M — up 38% from $69M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new MUC positions and 7 closed out — a net gain of 8 holders — while 19 added to existing stakes and 23 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $7.54M. The largest seller was Morgan Stanley, cutting an estimated $1.4M.

  • 66 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2018, up from 58 in Q3 2018.
  • Funds reported $95.2M of BlackRock MuniHoldings California Quality Fund stock for Q4 2018, up 38% quarter-over-quarter.
  • 15 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2018 and 7 closed out, a net change of +8 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $7.54M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2018 was Morgan Stanley, an estimated $1.4M sold.

Based on aggregated 13F filings for Q4 2018.