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BlackRock MuniHoldings California Quality Fund
MUC

92 hedge funds and large institutions have $263M invested in BlackRock MuniHoldings California Quality Fund in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 30 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

2.66% more ownership

Funds ownership: 25.54% → 28.2% (+2.7%)

2% more funds holding

Funds holding: 90 → 92 (+2)

3% less capital invested

Capital invested by funds: $270M → $263M (-$7.34M)

23% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 30

Holders
92
Holders Change
+2
Holders Change %
+2.22%
% of All Funds
1.46%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
12
Increased
23
Reduced
30
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$19.6M
2
KIM
Karpus Investment Management
New York
+$5.54M
3
RCM
Rivernorth Capital Management
Florida
+$5.16M
4
AA
AQR Arbitrage
Connecticut
+$2.69M
5
BPCM
Beach Point Capital Management
California
+$796K

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$2.55M
2
Morgan Stanley
Morgan Stanley
New York
-$1.24M
3
SCA
Snowden Capital Advisors
New York
-$1.08M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
-$1.01M
5
UBS Group
UBS Group
Switzerland
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWA
76
EP Wealth Advisors
California
$123K +$29.9K +2,859 +29%
CIBC Private Wealth Group
77
CIBC Private Wealth Group
Georgia
$122K +$134K +12,762 New
Corient Private Wealth
78
Corient Private Wealth
Florida
$122K -$21.3K -2,032 -14%
WIA
79
World Investment Advisors
California
$120K – – –
GSEP
80
Golden State Equity Partners
California
$116K – – –
Millennium Management
81
Millennium Management
New York
$104K +$114K +10,868 New
CAS
82
CTC Alternative Strategies
Illinois
$103K – – –
OAM
83
Occidental Asset Management
California
$98.1K – – –
MAWCM
84
Mine & Arao Wealth Creation & Management
California
$66.9K – – –
AF
85
Allworth Financial
California
$52.4K -$66.6K -6,366 -54%
AIP
86
Ameritas Investment Partners
Nebraska
$14.4K – – –
HGERS
87
Householder Group Estate & Retirement Specialist
Arizona
$12.4K +$13.6K +1,300 New
PO
88
Private Ocean
California
$5.47K +$5.99K +572 New
Comerica Bank
89
Comerica Bank
Texas
$3.78K +$4.13K +395 New
MWM
90
Mascoma Wealth Management
New Hampshire
$1.03K – – –
HWP
91
Highline Wealth Partners
California
$97 – – –
SCA
92
Stonebridge Capital Advisors
Minnesota
$31 – – –
PCM
93
Penserra Capital Management
California
– -$2.55M -235,043 Closed
SCA
94
Snowden Capital Advisors
New York
– -$1.08M -99,188 Closed
WAM
95
Wolverine Asset Management
Illinois
– -$648K -59,739 Closed
Walleye Capital
96
Walleye Capital
New York
– -$294K -27,099 Closed
Mariner
97
Mariner
Kansas
– -$240K -22,162 Closed
PIA
98
Perennial Investment Advisors
California
– -$129K -11,891 Closed
HWA
99
HCR Wealth Advisors
California
– -$119K -11,000 Closed
DWM
100
Destination Wealth Management
California
– -$118K -10,871 Closed
1 2 3
4
5

MUC Hedge Fund Activity: Q3 2023 in Review

92 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q3 2023, worth a combined $263M — down 2.7% from $270M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MUC positions and 10 closed out — a net gain of 2 holders — while 23 added to existing stakes and 30 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $19.6M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $2.55M sold.

  • 92 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q3 2023, up from 90 in Q2 2023.
  • Funds reported $263M of BlackRock MuniHoldings California Quality Fund stock for Q3 2023, down 2.7% quarter-over-quarter.
  • 12 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q3 2023 and 10 closed out, a net change of +2 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q3 2023 was Saba Capital Management, an estimated $19.6M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q3 2023 was Penserra Capital Management, an estimated $2.55M sold.

Based on aggregated 13F filings for Q3 2023.