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BlackRock MuniHoldings California Quality Fund
MUC

97 hedge funds and large institutions have $292M invested in BlackRock MuniHoldings California Quality Fund in 2025 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 30

1.53% less ownership

Funds ownership: 30.86% → 29.33% (-1.5%)

4% less funds holding

Funds holding: 101 → 97 (-4)

6% less capital invested

Capital invested by funds: $309M → $292M (-$17.3M)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
97
Holders Change
-4
Holders Change %
-3.96%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
11
Increased
29
Reduced
30
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.37M
2
Morgan Stanley
Morgan Stanley
New York
+$2.19M
3
GC
Guggenheim Capital
Illinois
+$2.05M
4
AAM
Advisors Asset Management
Colorado
+$1.08M
5
Bank of America
Bank of America
North Carolina
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$5.24M
2
SIA
Sit Investment Associates
Minnesota
-$4.29M
3
KIM
Karpus Investment Management
New York
-$3.85M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.45M
5
AWS
Atria Wealth Solutions
New York
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
26
Melfa Wealth Management
Massachusetts
$1.09M +$101K +9,750 +10%
TJHA
27
Thomas J. Herzfeld Advisors
Florida
$980K -$1.45M -139,163 -59%
CW
28
Channel Wealth
California
$874K +$18.2K +1,749 +2%
WMG
29
WESCAP Management Group
California
$834K +$324K +31,156 +63%
MC
30
Matisse Capital
Oregon
$814K – – –
Cetera Investment Advisers
31
Cetera Investment Advisers
Illinois
$785K -$109K -10,506 -12%
PIA
32
Perennial Investment Advisors
California
$773K -$9.53K -916 -1%
AW
33
Alteri Wealth
California
$767K -$14K -1,346 -2%
LSC
34
Logan Stone Capital
Illinois
$737K -$463K -44,547 -38%
HF
35
HRT Financial
New York
$717K +$721K +69,354 New
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$702K -$719K -69,136 -50%
Jane Street
37
Jane Street
New York
$661K +$664K +63,834 New
WS
38
Wedbush Securities
California
$636K +$45K +4,324 +8%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$626K -$14K -1,347 -2%
DWM
40
Destination Wealth Management
California
$590K – – –
VF
41
Virtu Financial
New York
$566K +$569K +54,706 New
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$516K +$189K +18,135 +57%
Osaic Holdings
43
Osaic Holdings
Arizona
$475K -$100K -9,657 -17%
Cerity Partners
44
Cerity Partners
New York
$449K +$27.5K +2,646 +6%
LGWM
45
Litman Gregory Wealth Management
California
$446K +$44.7K +4,300 +11%
IP
46
Intellectus Partners
California
$433K -$426K -40,945 -50%
Baird Financial Group
47
Baird Financial Group
Wisconsin
$402K +$7.89K +759 +2%
Raymond James Financial
48
Raymond James Financial
Florida
$371K -$42.6K -4,100 -10%
FFA
49
Farther Finance Advisors
California
$363K – – –
LA
50
LM Advisors
California
$299K -$51K -4,905 -15%
1
2
3 4 5

MUC Hedge Fund Activity: Q2 2025 in Review

97 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2025, worth a combined $292M — down 5.6% from $309M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of MUC and 11 opened new positions — a net loss of 3 holders — while 30 trimmed existing stakes and 29 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.37M. The largest seller was Saba Capital Management, cutting an estimated $5.24M.

  • 97 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2025, down from 101 in Q1 2025.
  • Funds reported $292M of BlackRock MuniHoldings California Quality Fund stock for Q2 2025, down 5.6% quarter-over-quarter.
  • 11 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2025 and 14 closed out, a net change of -3 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2025 was Rivernorth Capital Management, an estimated $5.37M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2025 was Saba Capital Management, an estimated $5.24M sold.

Based on aggregated 13F filings for Q2 2025.