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BlackRock MuniHoldings California Quality Fund
MUC

61 hedge funds and large institutions have $101M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $95.2M → $101M (+$6.12M)

0.24% less ownership

Funds ownership: 18.92% → 18.68% (-0.24%)

5% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 22

8% less funds holding

Funds holding: 66 → 61 (-5)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
61
Holders Change
-5
Holders Change %
-7.58%
% of All Funds
1.32%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
7
Increased
21
Reduced
22
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$3.18M
2
RCM
Rivernorth Capital Management
Florida
+$2.88M
3
MIG
Mariner Investment Group
New York
+$1.47M
4
KCM
Karp Capital Management
California
+$978K
5
Wells Fargo
Wells Fargo
California
+$855K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.49M
2
SCM
Saba Capital Management
New York
-$1.97M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.84M
4
CRC
Curi RMB Capital
Illinois
-$1.62M
5
LCM
Landscape Capital Management
New Jersey
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
CWS
51
Cypress Wealth Services
California
$173K – – –
Bank of New York Mellon
52
Bank of New York Mellon
New York
$156K – – –
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$142K – – –
Citigroup
54
Citigroup
New York
$80K – – –
RFA
55
Reilly Financial Advisors
California
$52K -$19.5K -1,500 -28%
LTFS
56
Ladenburg Thalmann Financial Services
Florida
$26K -$13.3K -1,028 -35%
FHA
57
Flagship Harbor Advisors
Massachusetts
$26K – – –
TRCT
58
Tower Research Capital (TRC)
New York
$21K -$16.2K -1,250 -44%
AIC
59
Ameritas Investment Company
Nebraska
$20K +$19.5K +1,500 New
Northern Trust
60
Northern Trust
Illinois
$4K -$156K -12,000 -31%
ACA
61
Ackerman Capital Advisors
Texas
$151 +$147K +11,369 New
CRC
62
Curi RMB Capital
Illinois
– -$1.62M -131,073 Closed
WAM
63
Weiss Asset Management
Massachusetts
– -$507K -41,087 Closed
Susquehanna International Group
64
Susquehanna International Group
Pennsylvania
– -$337K -27,327 Closed
Millennium Management
65
Millennium Management
New York
– -$285K -23,094 Closed
LNWWM
66
Laird Norton Wetherby Wealth Management
California
– -$178K -14,470 Closed
HR
67
Hayden Royal
North Carolina
– -$150K -12,145 Closed
TSS
68
Two Sigma Securities
New York
– -$142K -11,552 Closed
NFG
69
Next Financial Group
Texas
– -$68K -5,500 Closed
AF
70
Allworth Financial
California
– -$30K -2,412 Closed
IA
71
IFP Advisors
Florida
– -$9K -700 Closed
1 2
3

MUC Hedge Fund Activity: Q1 2019 in Review

61 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2019, worth a combined $101M — up 6.4% from $95.2M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of MUC and 7 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 21 added.

The largest buyer was Karpus Investment Management, adding an estimated $3.18M. The largest seller was Bank of America, cutting an estimated $2.49M.

  • 61 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2019, down from 66 in Q4 2018.
  • Funds reported $101M of BlackRock MuniHoldings California Quality Fund stock for Q1 2019, up 6.4% quarter-over-quarter.
  • 7 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2019 and 11 closed out, a net change of -4 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2019 was Karpus Investment Management, an estimated $3.18M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2019 was Bank of America, an estimated $2.49M sold.

Based on aggregated 13F filings for Q1 2019.