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BlackRock MuniHoldings California Quality Fund
MUC

98 hedge funds and large institutions have $309M invested in BlackRock MuniHoldings California Quality Fund in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 22 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

36% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 22

5% more funds holding

Funds holding: 93 → 98 (+5)

6.93% less ownership

Funds ownership: 35.73% → 28.81% (-6.9%)

20% less capital invested

Capital invested by funds: $388M → $309M (-$78.8M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
98
Holders Change
+5
Holders Change %
+5.38%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
30
Reduced
22
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$11M
2
NMC
Nine Masts Capital
Hong Kong
+$1.51M
3
SIA
Sit Investment Associates
Minnesota
+$1.26M
4
EW
Evoke Wealth
California
+$1.2M
5
GC
Guggenheim Capital
Illinois
+$1.17M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$54.6M
2
SCM
Saba Capital Management
New York
-$16.5M
3
LSC
Logan Stone Capital
Illinois
-$12.8M
4
RCM
Rivernorth Capital Management
Florida
-$6.31M
5
AA
AQR Arbitrage
Connecticut
-$2.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$1.35M -$732K -65,915 -35%
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$1.3M +$8.19K +738 +0.6%
EW
28
Evoke Wealth
California
$1.19M +$1.2M +107,740 New
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$1.01M +$1.89K +170 +0.2%
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$958K +$721K +64,978 +295%
IP
31
Intellectus Partners
California
$936K +$939K +84,631 New
CC
32
Centiva Capital
New York
$926K -$714K -64,321 -43%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$913K +$162K +14,593 +21%
Empower Advisory Group
34
Empower Advisory Group
Colorado
$909K +$917K +82,581 New
MWM
35
Melfa Wealth Management
Massachusetts
$874K +$1.93K +174 +0.2%
Osaic Holdings
36
Osaic Holdings
Arizona
$866K +$58.7K +5,288 +7%
MC
37
Matisse Capital
Oregon
$865K – – –
Bank of New York Mellon
38
Bank of New York Mellon
New York
$622K -$666 -60 -0.1%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$613K +$1.39K +125 +0.2%
CW
40
Channel Wealth
California
$591K -$48.4K -4,362 -8%
IWC
41
Integrated Wealth Concepts
Massachusetts
$577K +$300K +27,023 +107%
SWP
42
Stratos Wealth Partners
Ohio
$489K -$159K -14,290 -24%
NWM
43
Napa Wealth Management
California
$466K – – –
FPCP
44
Fort Point Capital Partners
California
$464K -$159K -14,279 -25%
Cerity Partners
45
Cerity Partners
New York
$449K – – –
LA
46
LM Advisors
California
$447K – – –
JWA
47
JFS Wealth Advisors
Pennsylvania
$440K – – –
CL
48
Choreo LLC
Illinois
$428K +$431K +38,873 New
TIM
49
Tortoise Investment Management
New York
$392K – – –
WS
50
Wedbush Securities
California
$357K -$7.15K -644 -2%
1
2
3 4 5

MUC Hedge Fund Activity: Q1 2024 in Review

98 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2024, worth a combined $309M — down 20% from $388M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MUC positions and 11 closed out — a net gain of 6 holders — while 30 added to existing stakes and 22 trimmed.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $11M. The largest seller was Morgan Stanley, cutting an estimated $54.6M.

  • 98 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2024, up from 93 in Q4 2023.
  • Funds reported $309M of BlackRock MuniHoldings California Quality Fund stock for Q1 2024, down 20% quarter-over-quarter.
  • 17 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2024 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2024 was Penserra Capital Management, an estimated $11M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2024 was Morgan Stanley, an estimated $54.6M sold.

Based on aggregated 13F filings for Q1 2024.