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BlackRock MuniHoldings California Quality Fund
MUC

66 hedge funds and large institutions have $95.2M invested in BlackRock MuniHoldings California Quality Fund in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

38% more capital invested

Capital invested by funds: $69M → $95.2M (+$26.1M)

14% more funds holding

Funds holding: 58 → 66 (+8)

5.44% more ownership

Funds ownership: 13.48% → 18.92% (+5.4%)

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23

Holders
66
Holders Change
+8
Holders Change %
+13.79%
% of All Funds
1.47%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
19
Reduced
23
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.54M
2
SCM
Saba Capital Management
New York
+$3.78M
3
SIA
Sit Investment Associates
Minnesota
+$2.48M
4
RCM
Rivernorth Capital Management
Florida
+$2.47M
5
Bank of America
Bank of America
North Carolina
+$1.23M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.4M
2
CRC
Curi RMB Capital
Illinois
-$1.05M
3
UBS Group
UBS Group
Switzerland
-$884K
4
LPL Financial
LPL Financial
California
-$832K
5
JMPWA
JP Morgan Private Wealth Advisors
California
-$746K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
51
Hollencrest Capital Management
California
$159K -$18K -1,451 -10%
HR
52
Hayden Royal
North Carolina
$150K +$151K +12,145 New
Bank of New York Mellon
53
Bank of New York Mellon
New York
$145K – – –
TSS
54
Two Sigma Securities
New York
$142K -$27.2K -2,198 -16%
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$133K -$18K -1,454 -12%
Citigroup
56
Citigroup
New York
$75K – – –
NFG
57
Next Financial Group
Texas
$68K +$68.2K +5,500 New
RFA
58
Reilly Financial Advisors
California
$67K -$61.4K -4,953 -48%
LTFS
59
Ladenburg Thalmann Financial Services
Florida
$37K -$6.45K -520 -15%
TRCT
60
Tower Research Capital (TRC)
New York
$35K +$35.2K +2,840 New
AF
61
Allworth Financial
California
$30K – – –
FHA
62
Flagship Harbor Advisors
Massachusetts
$24K – – –
KCM
63
Karp Capital Management
California
$15K +$14.9K +1,200 New
IA
64
IFP Advisors
Florida
$9K – – –
HWM
65
Holloway Wealth Management
Florida
$6K – – –
Northern Trust
66
Northern Trust
Illinois
$5K +$123K +9,942 +34%
JMPWA
67
JP Morgan Private Wealth Advisors
California
– -$746K -59,394 Closed
NMC
68
Nine Masts Capital
Hong Kong
– -$688K -54,800 Closed
VIM
69
Vista Investment Management
Pennsylvania
– -$295K -23,500 Closed
DADC
70
D.A. Davidson & Co
Montana
– -$227K -18,100 Closed
LWAC
71
Laurel Wealth Advisors (California)
California
– -$208K -16,592 Closed
FRA
72
Front Row Advisors
California
– -$15 -1,245 Closed
Carson Wealth (CWM LLC)
73
Carson Wealth (CWM LLC)
Nebraska
– -$14K -1,090 Closed
Fidelity Investments
74
Fidelity Investments
Massachusetts
– +$12 +1 New
1 2
3

MUC Hedge Fund Activity: Q4 2018 in Review

66 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2018, worth a combined $95.2M — up 38% from $69M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new MUC positions and 7 closed out — a net gain of 8 holders — while 19 added to existing stakes and 23 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $7.54M. The largest seller was Morgan Stanley, cutting an estimated $1.4M.

  • 66 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2018, up from 58 in Q3 2018.
  • Funds reported $95.2M of BlackRock MuniHoldings California Quality Fund stock for Q4 2018, up 38% quarter-over-quarter.
  • 15 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2018 and 7 closed out, a net change of +8 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $7.54M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2018 was Morgan Stanley, an estimated $1.4M sold.

Based on aggregated 13F filings for Q4 2018.