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BlackRock MuniHoldings California Quality Fund
MUC

62 hedge funds and large institutions have $96.4M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

2% more funds holding

Funds holding: 61 → 62 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 20

0.21% less ownership

Funds ownership: 18.68% → 18.47% (-0.21%)

5% less capital invested

Capital invested by funds: $101M → $96.4M (-$4.86M)

Holders
62
Holders Change
+1
Holders Change %
+1.64%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
6
Increased
20
Reduced
20
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.78M
2
RCM
Robinson Capital Management
Michigan
+$3.9M
3
Morgan Stanley
Morgan Stanley
New York
+$1.38M
4
RCM
Rivernorth Capital Management
Florida
+$1.03M
5
Wells Fargo
Wells Fargo
California
+$347K

Top Sellers

Rank Fund Capital Flow
1
AC
Almitas Capital
California
-$8.6M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.21M
3
SCM
Saba Capital Management
New York
-$1.63M
4
PCM
PenderFund Capital Management
British Columbia, Canada
-$884K
5
WAM
Wolverine Asset Management
Illinois
-$799K
Name Holding Trade Value Shares
Change 		Change in
Stake
CWS
51
Cypress Wealth Services
California
$179K – – –
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$147K – – –
Walleye Capital
53
Walleye Capital
New York
$145K +$143K +10,600 New
Millennium Management
54
Millennium Management
New York
$142K +$140K +10,409 New
NFG
55
Next Financial Group
Texas
$96K +$94.2K +7,000 New
Citigroup
56
Citigroup
New York
$83K – – –
TRCT
57
Tower Research Capital (TRC)
New York
$62K +$39.3K +2,925 +184%
RFA
58
Reilly Financial Advisors
California
$50K -$4.04K -300 -8%
FHA
59
Flagship Harbor Advisors
Massachusetts
$27K – – –
LTFS
60
Ladenburg Thalmann Financial Services
Florida
$14K -$12.8K -949 -49%
RCM
61
Rivernorth Capital Management
Florida
$6.79K +$1.03M +76,875 +18%
Northern Trust
62
Northern Trust
Illinois
$2K -$170K -12,636 -47%
PCM
63
PenderFund Capital Management
British Columbia, Canada
– -$884K -50,000 Closed
AA
64
AQR Arbitrage
Connecticut
– -$443K -33,443 Closed
Bank of New York Mellon
65
Bank of New York Mellon
New York
– -$156K -11,800 Closed
ACA
66
Ackerman Capital Advisors
Texas
– -$151 -11,369 Closed
AIC
67
Ameritas Investment Company
Nebraska
– -$20K -1,500 Closed
1 2
3

MUC Hedge Fund Activity: Q2 2019 in Review

62 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2019, worth a combined $96.4M — down 4.8% from $101M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new MUC positions and 5 closed out — a net gain of 1 holder — while 20 added to existing stakes and 20 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $5.78M. The largest seller was Almitas Capital, cutting an estimated $8.6M.

  • 62 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2019, up from 61 in Q1 2019.
  • Funds reported $96.4M of BlackRock MuniHoldings California Quality Fund stock for Q2 2019, down 4.8% quarter-over-quarter.
  • 6 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2019 and 5 closed out, a net change of +1 holder.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2019 was Royal Bank of Canada, an estimated $5.78M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2019 was Almitas Capital, an estimated $8.6M sold.

Based on aggregated 13F filings for Q2 2019.