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BlackRock MuniHoldings California Quality Fund
MUC

93 hedge funds and large institutions have $388M invested in BlackRock MuniHoldings California Quality Fund in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more capital invested

Capital invested by funds: $263M → $388M (+$125M)

17% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 24

7.53% more ownership

Funds ownership: 28.2% → 35.73% (+7.5%)

1% more funds holding

Funds holding: 92 → 93 (+1)

6% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 16

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
93
Holders Change
+1
Holders Change %
+1.09%
% of All Funds
1.36%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
17
Increased
28
Reduced
24
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$53.3M
2
SIA
Sit Investment Associates
Minnesota
+$16.3M
3
SCM
Saba Capital Management
New York
+$2.98M
4
RCM
Robinson Capital Management
Michigan
+$2.54M
5
KIM
Karpus Investment Management
New York
+$2.36M

Top Sellers

Rank Fund Capital Flow
1
HCM
Hollencrest Capital Management
California
-$4.47M
2
BPCM
Beach Point Capital Management
California
-$3.78M
3
RCM
Rivernorth Capital Management
Florida
-$1.53M
4
UBS Group
UBS Group
Switzerland
-$1.13M
5
IP
Intellectus Partners
California
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
26
Rockefeller Capital Management
New York
$1.31M +$227K +22,361 +23%
WWM
27
Western Wealth Management
Colorado
$1.03M -$110K -10,799 -10%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$1.01M +$6.12K +603 +0.7%
MWM
29
Melfa Wealth Management
Massachusetts
$881K +$2.72K +268 +0.3%
MC
30
Matisse Capital
Oregon
$875K – – –
Osaic Holdings
31
Osaic Holdings
Arizona
$817K -$74.6K -7,351 -9%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$760K +$7.8K +768 +1%
SWP
33
Stratos Wealth Partners
Ohio
$653K -$75.2K -7,410 -11%
CW
34
Channel Wealth
California
$646K -$145K -14,262 -20%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$629K -$302K -29,745 -34%
FPCP
36
Fort Point Capital Partners
California
$628K +$209K +20,557 +57%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$618K -$60.4K -5,951 -10%
NWM
38
Napa Wealth Management
California
$471K +$430K +42,313 New
BPA
39
Beacon Pointe Advisors
California
$463K +$422K +41,604 New
Cerity Partners
40
Cerity Partners
New York
$454K – – –
LA
41
LM Advisors
California
$452K +$412K +40,604 New
MSL
42
Mackay Shields LLC
New York
$449K +$410K +40,376 New
JWA
43
JFS Wealth Advisors
Pennsylvania
$445K – – –
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$421K +$65.5K +6,454 +21%
TIM
45
Tortoise Investment Management
New York
$396K +$41.2K +4,062 +13%
JP Morgan Chase
46
JP Morgan Chase
New York
$390K -$178K -17,552 -33%
WS
47
Wedbush Securities
California
$368K +$13.8K +1,355 +4%
RCM
48
RB Capital Management
Nevada
$325K -$55.4K -5,455 -16%
RC
49
Rareview Capital
Nevada
$310K +$282K +27,811 New
VCM
50
Vivaldi Capital Management
Illinois
$307K -$13.2K -1,303 -4%
1
2
3 4 5

MUC Hedge Fund Activity: Q4 2023 in Review

93 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2023, worth a combined $388M — up 48% from $263M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MUC positions and 16 closed out — a net gain of 1 holder — while 28 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $53.3M. The largest seller was Hollencrest Capital Management, cutting an estimated $4.47M.

  • 93 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2023, up from 92 in Q3 2023.
  • Funds reported $388M of BlackRock MuniHoldings California Quality Fund stock for Q4 2023, up 48% quarter-over-quarter.
  • 17 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2023 and 16 closed out, a net change of +1 holder.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2023 was Morgan Stanley, an estimated $53.3M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2023 was Hollencrest Capital Management, an estimated $4.47M sold.

Based on aggregated 13F filings for Q4 2023.