BlackRock MuniHoldings California Quality Fund
51 hedge funds and large institutions have $126M invested in BlackRock MuniHoldings California Quality Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 11 closing their positions.
3% more capital invested
Capital invested by funds: $123M → $126M (+$3.29M)
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
0.71% less ownership
Funds ownership: 22.52% → 21.81% (-0.71%)
7% less funds holding
Funds holding: 55 → 51 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$8.44M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.7M |
| 3 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$483K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$417K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.47M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.96M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.4M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.05M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$952K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCA
51
Stonebridge Capital Advisors
St Paul,
Minnesota
| $5K | +$4.64K | +347 | New |
|
|
VCM
52
Vivaldi Capital Management
Chicago,
Illinois
| – | -$1.4M | -104,847 | Closed |
|
|
53
HighTower Advisors
Chicago,
Illinois
| – | -$952K | -71,463 | Closed |
|
|
COLIM
54
City of London Investment Management
London,
United Kingdom
| – | -$621K | -46,569 | Closed |
|
55
Lido Advisors
Los Angeles,
California
| – | -$202K | -15,072 | Closed |
|
|
AA
56
AQR Arbitrage
Greenwich,
Connecticut
| – | -$184K | -13,818 | Closed |
|
|
MIG
57
Mariner Investment Group
Harrison,
New York
| – | -$179K | -13,399 | Closed |
|
|
EH
58
Equitable Holdings
New York
| – | -$162K | -12,150 | Closed |
|
|
NFG
59
Next Financial Group
Houston,
Texas
| – | -$73K | -5,500 | Closed |
|
|
GSWM
60
Golden State Wealth Management
Santa Ana,
California
| – | -$53K | -4,000 | Closed |
|
|
AIC
61
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$19K | -1,500 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$5K | -383 | Closed |
|
MUC Hedge Fund Activity: Q2 2020 in Review
51 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2020, worth a combined $126M — up 2.7% from $123M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MUC and 7 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 15 added.
The largest buyer was Mackay Shields LLC, adding an estimated $8.44M. The largest seller was Saba Capital Management, cutting an estimated $7.47M.
- 51 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2020, down from 55 in Q1 2020.
- Funds reported $126M of BlackRock MuniHoldings California Quality Fund stock for Q2 2020, up 2.7% quarter-over-quarter.
- 7 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2020 and 11 closed out, a net change of -4 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2020 was Mackay Shields LLC, an estimated $8.44M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2020 was Saba Capital Management, an estimated $7.47M sold.
Based on aggregated 13F filings for Q2 2020.