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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
SCA
76
Snowden Capital Advisors
New York
$148K +$41 +4 +0%
ACP
77
Argyle Capital Partners
California
$138K – – –
GSEP
78
Golden State Equity Partners
California
$132K – – –
OWA
79
Octavia Wealth Advisors
Ohio
$123K +$117K +11,268 New
WJWM
80
Williams Jones Wealth Management
New York
$111K – – –
SMH
81
Sanders Morris Harris
Texas
$109K +$104K +10,000 New
TIM
82
Tortoise Investment Management
New York
$106K -$72.6K -7,000 -42%
GSWM
83
Golden State Wealth Management
California
$56.4K – – –
W
84
WealthCollab
Washington
$31.3K – – –
WOSD
85
WFA of San Diego
California
$27.3K – – –
AUB
86
Atlantic Union Bankshares
Virginia
$21K – – –
US Bancorp
87
US Bancorp
Minnesota
$19.8K – – –
AIP
88
Ameritas Investment Partners
Nebraska
$16.3K – – –
MCM
89
MAI Capital Management
Ohio
$13.6K – – –
RIL
90
Rothschild Investment LLC
Illinois
$13.5K +$197 +19 +2%
WWM
91
Wolff Wiese Magana
California
$7.59K +$7.26K +700 New
Comerica Bank
92
Comerica Bank
Texas
$4.29K – – –
TJHA
93
Thomas J. Herzfeld Advisors
Florida
– -$980K -94,734 Closed
HF
94
HRT Financial
New York
– -$717K -69,354 Closed
VF
95
Virtu Financial
New York
– -$566K -54,706 Closed
Cerity Partners
96
Cerity Partners
New York
– -$449K -43,407 Closed
LGWM
97
Litman Gregory Wealth Management
California
– -$446K -43,094 Closed
AC
98
Almitas Capital
California
– -$186K -17,955 Closed
EC
99
Elequin Capital
New York
– -$167K -16,147 Closed
CL
100
Choreo LLC
Illinois
– -$132K -12,764 Closed
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.