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BlackRock MuniHoldings California Quality Fund
MUC

91 hedge funds and large institutions have $274M invested in BlackRock MuniHoldings California Quality Fund in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more capital invested

Capital invested by funds: $223M → $274M (+$51.2M)

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

13% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 15

2.06% more ownership

Funds ownership: 21.26% → 23.32% (+2.1%)

1% more funds holding

Funds holding: 90 → 91 (+1)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
91
Holders Change
+1
Holders Change %
+1.11%
% of All Funds
1.45%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
17
Increased
27
Reduced
22
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$6.67M
2
SCM
Saba Capital Management
New York
+$5.04M
3
SIA
Sit Investment Associates
Minnesota
+$4.74M
4
Morgan Stanley
Morgan Stanley
New York
+$3.59M
5
EWA
EP Wealth Advisors
California
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$2.01M
2
GC
Guggenheim Capital
Illinois
-$1.09M
3
Wells Fargo
Wells Fargo
California
-$1.06M
4
OFG
OTA Financial Group
New York
-$962K
5
Bank of America
Bank of America
North Carolina
-$821K
Name Holding Trade Value Shares
Change 		Change in
Stake
WWM
26
Western Wealth Management
Colorado
$1.14M +$272K +24,536 +31%
CW
27
Channel Wealth
California
$1.11M +$1.11M +100,314 New
JWA
28
JFS Wealth Advisors
Pennsylvania
$1.11M – – –
SCA
29
Snowden Capital Advisors
New York
$1.1M +$5.62K +507 +0.5%
Cetera Investment Advisers
30
Cetera Investment Advisers
Illinois
$1M +$38.7K +3,489 +4%
Rockefeller Capital Management
31
Rockefeller Capital Management
New York
$926K +$30.1K +2,719 +3%
SWP
32
Stratos Wealth Partners
Ohio
$912K +$1.16K +105 +0.1%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$899K -$121K -10,920 -12%
MWM
34
Melfa Wealth Management
Massachusetts
$891K +$2.72K +245 +0.3%
MC
35
Matisse Capital
Oregon
$869K – – –
Cerity Partners
36
Cerity Partners
New York
$727K +$93.7K +8,448 +15%
LCM
37
Landscape Capital Management
New Jersey
$606K -$594K -53,602 -49%
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$518K +$123K +11,111 +31%
RCM
39
RB Capital Management
Nevada
$502K -$42.8K -3,859 -8%
PWM
40
Perigon Wealth Management
California
$498K +$499K +45,017 New
WAM
41
Wolverine Asset Management
Illinois
$471K -$34.7K -3,134 -7%
Osaic Holdings
42
Osaic Holdings
Arizona
$467K -$78.8K -7,107 -14%
IWC
43
Integrated Wealth Concepts
Massachusetts
$452K +$454K +40,908 New
RJA
44
Raymond James & Associates
Florida
$363K -$93.7K -8,451 -20%
VCM
45
Vivaldi Capital Management
Illinois
$320K +$321K +28,931 New
WS
46
Wedbush Securities
California
$308K +$20K +1,808 +7%
Stifel Financial
47
Stifel Financial
Missouri
$302K +$77.1K +6,956 +34%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$300K – – –
BRWA
49
B. Riley Wealth Advisors
Florida
$281K -$51.7K -4,666 -16%
AFA
50
Arlington Financial Advisors
California
$280K – – –
1
2
3 4 5

MUC Hedge Fund Activity: Q1 2023 in Review

91 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2023, worth a combined $274M — up 23% from $223M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MUC positions and 15 closed out — a net gain of 2 holders — while 27 added to existing stakes and 22 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $6.67M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.01M sold.

  • 91 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2023, up from 90 in Q4 2022.
  • Funds reported $274M of BlackRock MuniHoldings California Quality Fund stock for Q1 2023, up 23% quarter-over-quarter.
  • 17 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2023 and 15 closed out, a net change of +2 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $6.67M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2023 was Weiss Asset Management, an estimated $2.01M sold.

Based on aggregated 13F filings for Q1 2023.