BlackRock MuniHoldings California Quality Fund
48 hedge funds and large institutions have $65.9M invested in BlackRock MuniHoldings California Quality Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 6 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
1.52% less ownership
Funds ownership: 12.7% → 11.18% (-1.5%)
6% less funds holding
Funds holding: 51 → 48 (-3)
10% less capital invested
Capital invested by funds: $73.5M → $65.9M (-$7.63M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$986K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$782K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$388K |
| 4 |
DI
Diligent Investors
Redlands,
California
|
+$308K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$274K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.28M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.33M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.52M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$1.48M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSL
51
Mackay Shields LLC
New York
| – | -$638K | -44,996 | Closed |
|
|
WAM
52
Wolverine Asset Management
Chicago,
Illinois
| – | -$335K | -23,644 | Closed |
|
|
LNWWM
53
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$186K | -13,128 | Closed |
|
54
Ameriprise
Minneapolis,
Minnesota
| – | -$184K | -13,003 | Closed |
|
|
AA
55
Apriem Advisors
Irvine,
California
| – | -$67K | -4,750 | Closed |
|
MUC Hedge Fund Activity: Q2 2017 in Review
48 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2017, worth a combined $65.9M — down 10% from $73.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MUC and 4 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 20 added.
The largest buyer was Morgan Stanley, adding an estimated $986K. The largest seller was Fiera Capital (Canada), cutting an estimated $3.28M.
- 48 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2017, down from 51 in Q1 2017.
- Funds reported $65.9M of BlackRock MuniHoldings California Quality Fund stock for Q2 2017, down 10% quarter-over-quarter.
- 4 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2017 and 6 closed out, a net change of -2 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2017 was Morgan Stanley, an estimated $986K added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2017 was Fiera Capital (Canada), an estimated $3.28M sold.
Based on aggregated 13F filings for Q2 2017.