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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
ACI
76
Alpha Cubed Investments
California
$147K – – –
RJFSA
77
Raymond James Financial Services Advisors
Florida
$142K – – –
EWA
78
EP Wealth Advisors
California
$142K – – –
Wealth Enhancement Advisory Services
79
Wealth Enhancement Advisory Services
Minnesota
$141K -$72.7K -6,548 -34%
CIBC Private Wealth Group
80
CIBC Private Wealth Group
Georgia
$140K – – –
Nomura Holdings
81
Nomura Holdings
Japan
$140K +$141K +12,675 New
VF
82
Virtu Financial
New York
$119K +$120K +10,793 New
WJWM
83
Williams Jones Wealth Management
New York
$113K – – –
Neuberger Berman Group
84
Neuberger Berman Group
New York
$111K +$112K +10,057 New
SMH
85
Sanders Morris Harris
Texas
$110K +$111K +10,000 New
MAWCM
86
Mine & Arao Wealth Creation & Management
California
$77.1K – – –
SWM
87
Spire Wealth Management
Virginia
$61K +$9.56K +861 +18%
AF
88
Allworth Financial
California
$60.4K – – –
WAM
89
Wolverine Asset Management
Illinois
$44.7K +$45.1K +4,060 New
W
90
WealthCollab
Washington
$31.8K – – –
AIP
91
Ameritas Investment Partners
Nebraska
$16.5K – – –
BBPWM
92
Blue Bell Private Wealth Management
Pennsylvania
$15.4K – – –
HGERS
93
Householder Group Estate & Retirement Specialist
Arizona
$14.3K – – –
NA
94
NewEdge Advisors
Louisiana
$13.9K +$14K +1,263 New
RIL
95
Rothschild Investment LLC
Illinois
$12.5K +$155 +14 +1%
Comerica Bank
96
Comerica Bank
Texas
$4.35K – – –
MWM
97
Mascoma Wealth Management
New Hampshire
$1.19K – – –
PA
98
Parallel Advisors
California
$584 +$588 +53 New
AC
99
Almitas Capital
California
– -$1.93M -173,834 Closed
WWM
100
Western Wealth Management
Colorado
– -$1.03M -92,637 Closed
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.