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BlackRock MuniHoldings California Quality Fund
MUC

55 hedge funds and large institutions have $123M invested in BlackRock MuniHoldings California Quality Fund in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 11

0.67% more ownership

Funds ownership: 21.85% → 22.52% (+0.67%)

2% less capital invested

Capital invested by funds: $125M → $123M (-$2.27M)

11% less funds holding

Funds holding: 62 → 55 (-7)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
55
Holders Change
-7
Holders Change %
-11.29%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
22
Reduced
11
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$9.7M
2
MSL
Mackay Shields LLC
New York
+$5.36M
3
SCM
Saba Capital Management
New York
+$1.75M
4
Morgan Stanley
Morgan Stanley
New York
+$951K
5
KCM
Karp Capital Management
California
+$807K

Top Sellers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
-$5.93M
2
RCM
Rivernorth Capital Management
Florida
-$2.94M
3
SIA
Sit Investment Associates
Minnesota
-$2.04M
4
MIG
Mariner Investment Group
New York
-$1.63M
5
JWA
JFS Wealth Advisors
Pennsylvania
-$1.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
Allianz Asset Management
26
Allianz Asset Management
Germany
$593K +$622K +44,466 New
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$566K +$1.43K +102 +0.2%
DI
28
Diligent Investors
California
$542K +$124K +8,859 +28%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$415K +$43.8K +3,133 +11%
CF
30
Centaurus Financial
California
$371K +$177K +12,686 +84%
MA
31
Mutual Advisors
Nebraska
$369K – – –
WMG
32
WESCAP Management Group
California
$311K – – –
CIA
33
Capital Investment Advisors
Georgia
$295K – – –
HCM
34
Hollencrest Capital Management
California
$288K – – –
TJHA
35
Thomas J. Herzfeld Advisors
Florida
$250K +$47.8K +3,415 +22%
RJA
36
Raymond James & Associates
Florida
$246K -$54.5K -3,893 -17%
OC
37
Oppenheimer & Co
New York
$246K +$9.09K +650 +4%
Lido Advisors
38
Lido Advisors
California
$202K – – –
AA
39
AQR Arbitrage
Connecticut
$184K +$193K +13,818 New
CWS
40
Cypress Wealth Services
California
$181K +$7K +500 +4%
MIG
41
Mariner Investment Group
New York
$179K -$1.63M -116,314 -90%
UCFA
42
United Capital Financial Advisors
Texas
$173K – – –
EH
43
Equitable Holdings
New York
$162K +$170K +12,150 New
RJFSA
44
Raymond James Financial Services Advisors
Florida
$142K – – –
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$123K -$6.71K -480 -5%
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$102K +$89.3K +6,385 +432%
Citigroup
47
Citigroup
New York
$81K – – –
NFG
48
Next Financial Group
Texas
$73K -$8.39K -600 -10%
AIP
49
Ameritas Investment Partners
Nebraska
$55K – – –
GSWM
50
Golden State Wealth Management
California
$53K +$56K +4,000 New
1
2
3

MUC Hedge Fund Activity: Q1 2020 in Review

55 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2020, worth a combined $123M — down 1.8% from $125M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of MUC and 9 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 22 added.

The largest buyer was Karpus Investment Management, adding an estimated $9.7M. The largest seller was Matisse Capital, exiting entirely with an estimated $5.93M sold.

  • 55 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2020, down from 62 in Q4 2019.
  • Funds reported $123M of BlackRock MuniHoldings California Quality Fund stock for Q1 2020, down 1.8% quarter-over-quarter.
  • 9 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2020 and 14 closed out, a net change of -5 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $9.7M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2020 was Matisse Capital, an estimated $5.93M sold.

Based on aggregated 13F filings for Q1 2020.