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BlackRock MuniHoldings California Quality Fund
MUC

98 hedge funds and large institutions have $309M invested in BlackRock MuniHoldings California Quality Fund in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 22 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

36% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 22

5% more funds holding

Funds holding: 93 → 98 (+5)

6.93% less ownership

Funds ownership: 35.73% → 28.81% (-6.9%)

20% less capital invested

Capital invested by funds: $388M → $309M (-$78.8M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
98
Holders Change
+5
Holders Change %
+5.38%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
30
Reduced
22
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$11M
2
NMC
Nine Masts Capital
Hong Kong
+$1.51M
3
SIA
Sit Investment Associates
Minnesota
+$1.26M
4
EW
Evoke Wealth
California
+$1.2M
5
GC
Guggenheim Capital
Illinois
+$1.17M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$54.6M
2
SCM
Saba Capital Management
New York
-$16.5M
3
LSC
Logan Stone Capital
Illinois
-$12.8M
4
RCM
Rivernorth Capital Management
Florida
-$6.31M
5
AA
AQR Arbitrage
Connecticut
-$2.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$348K +$103K +9,245 +41%
RCM
52
RB Capital Management
Nevada
$327K +$5.03K +453 +2%
PIA
53
Perennial Investment Advisors
California
$308K +$162K +14,600 +109%
RC
54
Rareview Capital
Nevada
$306K +$200 +18 +0.1%
PNC Financial Services Group
55
PNC Financial Services Group
Pennsylvania
$303K +$4.48K +404 +1%
VCM
56
Vivaldi Capital Management
Illinois
$301K +$111 +10 +0%
DWM
57
Destination Wealth Management
California
$297K +$300K +27,000 New
SPIA
58
Steward Partners Investment Advisory
New York
$277K +$22.2K +2,000 +9%
KWS
59
Keystone Wealth Services
California
$270K – – –
TWP
60
Tempus Wealth Planning
California
$260K – – –
CWS
61
Cypress Wealth Services
California
$259K +$261K +23,500 New
SA
62
Strategic Advocates
Utah
$249K – – –
AWM
63
Axxcess Wealth Management
California
$248K -$31.5K -2,838 -11%
HF
64
HRT Financial
New York
$241K +$243K +21,910 New
RWM
65
Ritholtz Wealth Management
New York
$233K -$4.5K -405 -2%
PWM
66
Perigon Wealth Management
California
$228K – – –
CIA
67
Capital Investment Advisors
Georgia
$212K – – –
RJA
68
Raymond James & Associates
Florida
$211K – – –
Creative Planning
69
Creative Planning
Kansas
$209K -$144 -13 -0.1%
Corient Private Wealth
70
Corient Private Wealth
Florida
$195K +$11.8K +1,060 +6%
LGWM
71
Litman Gregory Wealth Management
California
$194K – – –
BRWA
72
B. Riley Wealth Advisors
Florida
$181K +$57.3K +5,159 +38%
Stifel Financial
73
Stifel Financial
Missouri
$177K -$44K -3,964 -20%
SCA
74
Snowden Capital Advisors
New York
$151K +$152K +13,680 New
RIA
75
Realta Investment Advisors
Delaware
$150K – – –
1 2
3
4 5

MUC Hedge Fund Activity: Q1 2024 in Review

98 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2024, worth a combined $309M — down 20% from $388M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MUC positions and 11 closed out — a net gain of 6 holders — while 30 added to existing stakes and 22 trimmed.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $11M. The largest seller was Morgan Stanley, cutting an estimated $54.6M.

  • 98 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2024, up from 93 in Q4 2023.
  • Funds reported $309M of BlackRock MuniHoldings California Quality Fund stock for Q1 2024, down 20% quarter-over-quarter.
  • 17 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2024 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2024 was Penserra Capital Management, an estimated $11M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2024 was Morgan Stanley, an estimated $54.6M sold.

Based on aggregated 13F filings for Q1 2024.