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BlackRock MuniHoldings California Quality Fund
MUC

51 hedge funds and large institutions have $126M invested in BlackRock MuniHoldings California Quality Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $123M → $126M (+$3.29M)

0% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 15

0.71% less ownership

Funds ownership: 22.52% → 21.81% (-0.71%)

7% less funds holding

Funds holding: 55 → 51 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
51
Holders Change
-4
Holders Change %
-7.27%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
15
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$8.44M
2
CRC
Curi RMB Capital
Illinois
+$1.7M
3
BPA
Beacon Pointe Advisors
California
+$483K
4
Wells Fargo
Wells Fargo
California
+$417K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$323K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$7.47M
2
RCM
Rivernorth Capital Management
Florida
-$2.96M
3
VCM
Vivaldi Capital Management
Illinois
-$1.4M
4
KIM
Karpus Investment Management
New York
-$1.05M
5
HighTower Advisors
HighTower Advisors
Illinois
-$952K
Name Holding Trade Value Shares
Change 		Change in
Stake
WMG
26
WESCAP Management Group
California
$622K +$276K +20,640 +88%
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$617K +$16.1K +1,204 +3%
BPA
28
Beacon Pointe Advisors
California
$510K +$483K +36,098 New
MA
29
Mutual Advisors
Nebraska
$391K +$147 +11 +0%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$333K -$101K -7,525 -24%
CIA
31
Capital Investment Advisors
Georgia
$313K – – –
HCM
32
Hollencrest Capital Management
California
$305K – – –
RJA
33
Raymond James & Associates
Florida
$261K – – –
TJHA
34
Thomas J. Herzfeld Advisors
Florida
$255K -$17.9K -1,341 -7%
OC
35
Oppenheimer & Co
New York
$250K -$11K -823 -4%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$208K +$54.6K +4,077 +38%
CF
37
Centaurus Financial
California
$194K -$189K -14,119 -51%
CWS
38
Cypress Wealth Services
California
$192K – – –
SW
39
SteelPeak Wealth
California
$186K +$176K +13,145 New
UCFA
40
United Capital Financial Advisors
Texas
$184K – – –
LNC
41
Lincoln National Corp
Pennsylvania
$171K +$162K +12,086 New
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$130K – – –
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$104K -$6.69K -500 -6%
Citigroup
44
Citigroup
New York
$86K – – –
AIP
45
Ameritas Investment Partners
Nebraska
$58K – – –
KPW
46
Kore Private Wealth
New York
$42K – – –
GAM
47
Gemmer Asset Management
California
$35K +$32.8K +2,453 New
FHA
48
Flagship Harbor Advisors
Massachusetts
$28K – – –
RFA
49
Reilly Financial Advisors
California
$14K – – –
VFA
50
Valeo Financial Advisors
Indiana
$5K +$4.42K +330 New
1
2
3

MUC Hedge Fund Activity: Q2 2020 in Review

51 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2020, worth a combined $126M — up 2.7% from $123M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of MUC and 7 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 15 added.

The largest buyer was Mackay Shields LLC, adding an estimated $8.44M. The largest seller was Saba Capital Management, cutting an estimated $7.47M.

  • 51 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2020, down from 55 in Q1 2020.
  • Funds reported $126M of BlackRock MuniHoldings California Quality Fund stock for Q2 2020, up 2.7% quarter-over-quarter.
  • 7 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2020 and 11 closed out, a net change of -4 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2020 was Mackay Shields LLC, an estimated $8.44M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2020 was Saba Capital Management, an estimated $7.47M sold.

Based on aggregated 13F filings for Q2 2020.