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BlackRock MuniHoldings California Quality Fund
MUC

92 hedge funds and large institutions have $304M invested in BlackRock MuniHoldings California Quality Fund in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 22

4% more capital invested

Capital invested by funds: $292M → $304M (+$12.5M)

0.16% less ownership

Funds ownership: 29.33% → 29.17% (-0.16%)

5% less funds holding

Funds holding: 97 → 92 (-5)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
92
Holders Change
-5
Holders Change %
-5.15%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
36
Reduced
22
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
+$5.24M
2
GC
Guggenheim Capital
Illinois
+$4.55M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$3.32M
4
SIA
Sit Investment Associates
Minnesota
+$2.49M
5
Bank of America
Bank of America
North Carolina
+$1.54M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$12.9M
2
RCM
Robinson Capital Management
Michigan
-$5.23M
3
RCM
Rivernorth Capital Management
Florida
-$4.66M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$980K
5
UBS Group
UBS Group
Switzerland
-$864K
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
51
Creative Planning
Kansas
$415K +$225K +21,739 +132%
FFA
52
Farther Finance Advisors
California
$364K -$15.6K -1,500 -4%
WFA
53
Wellspring Financial Advisors
Ohio
$338K +$77.7K +7,494 +32%
SPIA
54
Steward Partners Investment Advisory
New York
$323K +$23.9K +2,300 +8%
RCM
55
RB Capital Management
Nevada
$316K +$4.08K +393 +1%
LA
56
LM Advisors
California
$278K -$34K -3,280 -11%
SW
57
SteelPeak Wealth
California
$275K – – –
EH
58
Equitable Holdings
New York
$270K +$16K +1,544 +7%
KWS
59
Keystone Wealth Services
California
$266K – – –
RC
60
Rareview Capital
Nevada
$261K +$249 +24 +0.1%
TWP
61
Tempus Wealth Planning
California
$257K – – –
VCM
62
Vivaldi Capital Management
Illinois
$251K +$124 +12 +0.1%
SA
63
Strategic Advocates
Utah
$245K – – –
OC
64
Oppenheimer & Co
New York
$227K +$41.3K +3,986 +24%
CIA
65
Capital Investment Advisors
Georgia
$203K +$25.9K +2,500 +15%
WW
66
Westshore Wealth
California
$200K +$191K +18,410 New
Corient Private Wealth
67
Corient Private Wealth
Florida
$196K -$7.78K -750 -4%
NAS
68
NWF Advisory Services
California
$194K +$3.97K +383 +2%
Stifel Financial
69
Stifel Financial
Missouri
$181K +$14.6K +1,412 +9%
BBPWM
70
Blue Bell Private Wealth Management
Pennsylvania
$180K – – –
PWM
71
Perigon Wealth Management
California
$167K – – –
VHAM
72
Van Hulzen Asset Management
California
$165K +$21.1K +2,030 +15%
FFA
73
First Foundation Advisors
California
$162K +$155K +14,963 New
Jane Street
74
Jane Street
New York
$155K -$514K -49,577 -78%
RIA
75
Realta Investment Advisors
Delaware
$148K – – –
1 2
3
4 5

MUC Hedge Fund Activity: Q3 2025 in Review

92 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q3 2025, worth a combined $304M — up 4.3% from $292M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MUC and 10 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 36 added.

The largest buyer was Allspring Global Investments, opening a new position worth an estimated $5.24M. The largest seller was Saba Capital Management, cutting an estimated $12.9M.

  • 92 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q3 2025, down from 97 in Q2 2025.
  • Funds reported $304M of BlackRock MuniHoldings California Quality Fund stock for Q3 2025, up 4.3% quarter-over-quarter.
  • 10 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q3 2025 and 12 closed out, a net change of -2 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q3 2025 was Allspring Global Investments, an estimated $5.24M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q3 2025 was Saba Capital Management, an estimated $12.9M sold.

Based on aggregated 13F filings for Q3 2025.