BlackRock MuniHoldings California Quality Fund
MUC
55 hedge funds and large institutions have $123M invested in BlackRock MuniHoldings California Quality Fund in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 14 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
0.67% more ownership
Funds ownership: 21.85% → 22.52% (+0.67%)
2% less capital invested
Capital invested by funds: $125M → $123M (-$2.27M)
11% less funds holding
Funds holding: 62 → 55 (-7)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.7M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$5.36M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.75M |
| 4 |
Morgan Stanley
New York
|
+$951K |
| 5 |
KCM
Karp Capital Management
Sausalito,
California
|
+$807K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$5.93M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.94M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.04M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.63M |
| 5 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$1.47M |
MUC Hedge Fund Activity: Q1 2020 in Review
55 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2020, worth a combined $123M — down 1.8% from $125M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MUC and 9 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 22 added.
The largest buyer was Karpus Investment Management, adding an estimated $9.7M. The largest seller was Matisse Capital, exiting entirely with an estimated $5.93M sold.
- 55 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2020, down from 62 in Q4 2019.
- Funds reported $123M of BlackRock MuniHoldings California Quality Fund stock for Q1 2020, down 1.8% quarter-over-quarter.
- 9 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2020 and 14 closed out, a net change of -5 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $9.7M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2020 was Matisse Capital, an estimated $5.93M sold.
Based on aggregated 13F filings for Q1 2020.