BlackRock MuniHoldings California Quality Fund
91 hedge funds and large institutions have $274M invested in BlackRock MuniHoldings California Quality Fund in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 15 closing their positions.
23% more capital invested
Capital invested by funds: $223M → $274M (+$51.2M)
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
13% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 15
2.06% more ownership
Funds ownership: 21.26% → 23.32% (+2.1%)
1% more funds holding
Funds holding: 90 → 91 (+1)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.67M |
| 2 |
SCM
Saba Capital Management
New York
|
+$5.04M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.74M |
| 4 |
Morgan Stanley
New York
|
+$3.59M |
| 5 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.01M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.09M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.06M |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$962K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$821K |
MUC Hedge Fund Activity: Q1 2023 in Review
91 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2023, worth a combined $274M — up 23% from $223M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MUC positions and 15 closed out — a net gain of 2 holders — while 27 added to existing stakes and 22 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $6.67M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.01M sold.
- 91 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2023, up from 90 in Q4 2022.
- Funds reported $274M of BlackRock MuniHoldings California Quality Fund stock for Q1 2023, up 23% quarter-over-quarter.
- 17 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2023 and 15 closed out, a net change of +2 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $6.67M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2023 was Weiss Asset Management, an estimated $2.01M sold.
Based on aggregated 13F filings for Q1 2023.