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BlackRock MuniHoldings California Quality Fund
MUC

92 hedge funds and large institutions have $304M invested in BlackRock MuniHoldings California Quality Fund in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 22

4% more capital invested

Capital invested by funds: $292M → $304M (+$12.5M)

0.16% less ownership

Funds ownership: 29.33% → 29.17% (-0.16%)

5% less funds holding

Funds holding: 97 → 92 (-5)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
92
Holders Change
-5
Holders Change %
-5.15%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
36
Reduced
22
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
+$5.24M
2
GC
Guggenheim Capital
Illinois
+$4.55M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$3.32M
4
SIA
Sit Investment Associates
Minnesota
+$2.49M
5
Bank of America
Bank of America
North Carolina
+$1.54M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$12.9M
2
RCM
Robinson Capital Management
Michigan
-$5.23M
3
RCM
Rivernorth Capital Management
Florida
-$4.66M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$980K
5
UBS Group
UBS Group
Switzerland
-$864K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$1.52M +$223K +21,543 +18%
MWM
27
Melfa Wealth Management
Massachusetts
$1.14M – – –
Rockefeller Capital Management
28
Rockefeller Capital Management
New York
$1.12M -$72.4K -6,976 -6%
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$931K +$103K +9,934 +13%
CW
30
Channel Wealth
California
$916K -$1.02K -98 -0.1%
MC
31
Matisse Capital
Oregon
$853K – – –
WMG
32
WESCAP Management Group
California
$829K -$43.5K -4,199 -5%
AW
33
Alteri Wealth
California
$744K -$57.5K -5,544 -7%
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$736K – – –
PIA
35
Perennial Investment Advisors
California
$726K -$80.9K -7,800 -10%
WS
36
Wedbush Securities
California
$715K +$45.9K +4,427 +7%
Lido Advisors
37
Lido Advisors
California
$649K +$618K +59,546 New
DWM
38
Destination Wealth Management
California
$626K +$6.84K +660 +1%
IWC
39
Integrated Wealth Concepts
Massachusetts
$602K +$290K +28,000 +102%
IC
40
IEQ Capital
California
$599K +$573K +55,252 New
AFA
41
Arlington Financial Advisors
California
$597K +$570K +55,000 New
CWS
42
Cypress Wealth Services
California
$562K +$537K +51,771 New
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$556K -$96K -9,256 -15%
Raymond James Financial
44
Raymond James Financial
Florida
$544K +$149K +14,348 +40%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$516K -$24.4K -2,354 -5%
Osaic Holdings
46
Osaic Holdings
Arizona
$505K +$8.09K +780 +2%
LSC
47
Logan Stone Capital
Illinois
$486K -$274K -26,429 -37%
AWM
48
Axxcess Wealth Management
California
$456K +$202K +19,474 +86%
IP
49
Intellectus Partners
California
$443K -$10.7K -1,027 -2%
Baird Financial Group
50
Baird Financial Group
Wisconsin
$424K +$2.06K +199 +0.5%
1
2
3 4 5

MUC Hedge Fund Activity: Q3 2025 in Review

92 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q3 2025, worth a combined $304M — up 4.3% from $292M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MUC and 10 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 36 added.

The largest buyer was Allspring Global Investments, opening a new position worth an estimated $5.24M. The largest seller was Saba Capital Management, cutting an estimated $12.9M.

  • 92 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q3 2025, down from 97 in Q2 2025.
  • Funds reported $304M of BlackRock MuniHoldings California Quality Fund stock for Q3 2025, up 4.3% quarter-over-quarter.
  • 10 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q3 2025 and 12 closed out, a net change of -2 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q3 2025 was Allspring Global Investments, an estimated $5.24M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q3 2025 was Saba Capital Management, an estimated $12.9M sold.

Based on aggregated 13F filings for Q3 2025.