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BlackRock MuniHoldings California Quality Fund
MUC

62 hedge funds and large institutions have $96.4M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

2% more funds holding

Funds holding: 61 → 62 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 20

0.21% less ownership

Funds ownership: 18.68% → 18.47% (-0.21%)

5% less capital invested

Capital invested by funds: $101M → $96.4M (-$4.86M)

Holders
62
Holders Change
+1
Holders Change %
+1.64%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
6
Increased
20
Reduced
20
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.78M
2
RCM
Robinson Capital Management
Michigan
+$3.9M
3
Morgan Stanley
Morgan Stanley
New York
+$1.38M
4
RCM
Rivernorth Capital Management
Florida
+$1.03M
5
Wells Fargo
Wells Fargo
California
+$347K

Top Sellers

Rank Fund Capital Flow
1
AC
Almitas Capital
California
-$8.6M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.21M
3
SCM
Saba Capital Management
New York
-$1.63M
4
PCM
PenderFund Capital Management
British Columbia, Canada
-$884K
5
WAM
Wolverine Asset Management
Illinois
-$799K
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$577K – – –
DI
27
Diligent Investors
California
$519K +$1.84K +137 +0.4%
SCM
28
Saba Capital Management
New York
$440K -$1.63M -120,918 -79%
MML Investors Services
29
MML Investors Services
Massachusetts
$436K -$149K -11,072 -26%
BPA
30
Beacon Pointe Advisors
California
$432K +$4.49K +334 +1%
Lido Advisors
31
Lido Advisors
California
$412K – – –
LPL Financial
32
LPL Financial
California
$398K +$3.62K +269 +0.9%
MA
33
Mutual Advisors
Nebraska
$378K -$3.13K -233 -0.8%
VCM
34
Vivaldi Capital Management
Illinois
$354K +$35.9K +2,672 +11%
RJFSA
35
Raymond James Financial Services Advisors
Florida
$336K – – –
WMG
36
WESCAP Management Group
California
$319K – – –
SMH
37
Sanders Morris Harris
Texas
$309K +$304K +22,600 New
CIA
38
Capital Investment Advisors
Georgia
$284K – – –
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$275K +$2.1K +156 +0.8%
RJA
40
Raymond James & Associates
Florida
$275K +$41K +3,051 +18%
OC
41
Oppenheimer & Co
New York
$260K +$2.53K +188 +1%
WS
42
Wedbush Securities
California
$251K – – –
FIA
43
FNY Investment Advisers
New York
$221K +$218K +16,213 New
Geode Capital Management
44
Geode Capital Management
Massachusetts
$216K -$128K -9,549 -38%
HCM
45
Hollencrest Capital Management
California
$196K – – –
First Trust Advisors
46
First Trust Advisors
Illinois
$193K -$3.77K -280 -2%
TJHA
47
Thomas J. Herzfeld Advisors
Florida
$192K – – –
Mercer Global Advisors
48
Mercer Global Advisors
Colorado
$190K – – –
VIM
49
Vista Investment Management
Pennsylvania
$189K -$9.41K -700 -5%
GSWM
50
Golden State Wealth Management
California
$181K – – –
1
2
3

MUC Hedge Fund Activity: Q2 2019 in Review

62 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2019, worth a combined $96.4M — down 4.8% from $101M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new MUC positions and 5 closed out — a net gain of 1 holder — while 20 added to existing stakes and 20 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $5.78M. The largest seller was Almitas Capital, cutting an estimated $8.6M.

  • 62 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2019, up from 61 in Q1 2019.
  • Funds reported $96.4M of BlackRock MuniHoldings California Quality Fund stock for Q2 2019, down 4.8% quarter-over-quarter.
  • 6 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2019 and 5 closed out, a net change of +1 holder.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2019 was Royal Bank of Canada, an estimated $5.78M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2019 was Almitas Capital, an estimated $8.6M sold.

Based on aggregated 13F filings for Q2 2019.