BlackRock MuniHoldings California Quality Fund
93 hedge funds and large institutions have $388M invested in BlackRock MuniHoldings California Quality Fund in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 16 closing their positions.
48% more capital invested
Capital invested by funds: $263M → $388M (+$125M)
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
7.53% more ownership
Funds ownership: 28.2% → 35.73% (+7.5%)
1% more funds holding
Funds holding: 92 → 93 (+1)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$53.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$16.3M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.98M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.54M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$4.47M |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$3.78M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.53M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.13M |
| 5 |
IP
Intellectus Partners
San Francisco,
California
|
-$1.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Northern Trust
Chicago,
Illinois
| – | -$124K | -13,000 | Closed |
|
|
WIA
102
World Investment Advisors
Santa Barbara,
California
| – | -$120K | -12,497 | Closed |
|
|
KW
103
KWB Wealth
Redlands,
California
| – | -$130K | -11,968 | Closed |
|
104
Millennium Management
New York
| – | -$104K | -10,868 | Closed |
|
|
CAS
105
CTC Alternative Strategies
Chicago,
Illinois
| – | -$103K | -10,723 | Closed |
|
|
OAM
106
Occidental Asset Management
Burlingame,
California
| – | -$98.1K | -10,257 | Closed |
|
|
PO
107
Private Ocean
San Rafael,
California
| – | -$5.47K | -572 | Closed |
|
|
HWP
108
Highline Wealth Partners
Sherman Oaks,
California
| – | -$97 | -10 | Closed |
|
|
SCA
109
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$31 | -3 | Closed |
|
MUC Hedge Fund Activity: Q4 2023 in Review
93 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2023, worth a combined $388M — up 48% from $263M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MUC positions and 16 closed out — a net gain of 1 holder — while 28 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $53.3M. The largest seller was Hollencrest Capital Management, cutting an estimated $4.47M.
- 93 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2023, up from 92 in Q3 2023.
- Funds reported $388M of BlackRock MuniHoldings California Quality Fund stock for Q4 2023, up 48% quarter-over-quarter.
- 17 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2023 and 16 closed out, a net change of +1 holder.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2023 was Morgan Stanley, an estimated $53.3M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2023 was Hollencrest Capital Management, an estimated $4.47M sold.
Based on aggregated 13F filings for Q4 2023.