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BlackRock MuniHoldings California Quality Fund
MUC

44 hedge funds and large institutions have $38.5M invested in BlackRock MuniHoldings California Quality Fund in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 4

33% more funds holding

Funds holding: 33 → 44 (+11)

26% more capital invested

Capital invested by funds: $30.5M → $38.5M (+$7.99M)

10% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 10

1.8% more ownership

Funds ownership: 5.56% → 7.36% (+1.8%)

Holders
44
Holders Change
+11
Holders Change %
+33.33%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
11
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$2.8M
2
Bank of America
Bank of America
North Carolina
+$1.49M
3
MSL
Mackay Shields LLC
New York
+$1.35M
4
TC
TFS Capital
Pennsylvania
+$1.04M
5
OFG
OTA Financial Group
New York
+$733K

Top Sellers

Rank Fund Capital Flow
1
FTCM
Fir Tree Capital Management
New York
-$943K
2
Invesco
Invesco
Georgia
-$446K
3
PP
Paloma Partners
Connecticut
-$144K
4
NES
New England Securities
New York
-$93K
5
Wells Fargo
Wells Fargo
California
-$90.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$12.9M +$2.8M +209,651 +27%
Bank of America
2
Bank of America
North Carolina
$4.16M +$1.49M +111,870 +55%
GC
3
Guggenheim Capital
Illinois
$3.69M +$686K +51,403 +23%
Invesco
4
Invesco
Georgia
$2.22M -$446K -33,402 -17%
LPL Financial
5
LPL Financial
California
$1.81M +$24.9K +1,861 +1%
Wells Fargo
6
Wells Fargo
California
$1.8M -$90.8K -6,800 -5%
Goldman Sachs
7
Goldman Sachs
New York
$1.6M -$15.8K -1,184 -1%
MSL
8
Mackay Shields LLC
New York
$1.34M +$1.35M +101,253 New
U
9
UBS
Switzerland
$1.21M +$114K +8,543 +10%
TC
10
TFS Capital
Pennsylvania
$1.03M +$1.04M +77,986 New
ACM
11
Akanthos Capital Management
California
$661K +$668K +50,000 New
FFA
12
First Foundation Advisors
California
$638K +$176K +13,143 +37%
AQR Capital Management
13
AQR Capital Management
Connecticut
$513K +$307K +23,010 +145%
ACI
14
Alpha Cubed Investments
California
$412K +$416K +31,187 New
SG Americas Securities
15
SG Americas Securities
New York
$396K +$400K +29,965 New
Barclays
16
Barclays
United Kingdom
$386K +$255K +19,132 +182%
VKH
17
Virtu KCG Holdings
New York
$368K +$372K +27,845 New
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$295K -$85.9K -6,430 -22%
First Trust Advisors
19
First Trust Advisors
Illinois
$289K -$53K -3,965 -15%
WAM
20
Wolverine Asset Management
Illinois
$280K +$284K +21,234 New
BCA
21
Benchmark Capital Advisors
New York
$264K – – –
HighTower Advisors
22
HighTower Advisors
Illinois
$264K – – –
DA
23
Doliver Advisors
Texas
$258K +$260K +19,496 New
OC
24
Oppenheimer & Co
New York
$235K +$237K +17,739 New
CIA
25
Capital Investment Advisors
Georgia
$196K +$198K +14,800 New
1
2

MUC Hedge Fund Activity: Q4 2013 in Review

44 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2013, worth a combined $38.5M — up 26% from $30.5M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new MUC positions and 4 closed out — a net gain of 12 holders — while 11 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.8M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $943K sold.

  • 44 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2013, up from 33 in Q3 2013.
  • Funds reported $38.5M of BlackRock MuniHoldings California Quality Fund stock for Q4 2013, up 26% quarter-over-quarter.
  • 16 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2013 and 4 closed out, a net change of +12 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2013 was Morgan Stanley, an estimated $2.8M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2013 was Fir Tree Capital Management, an estimated $943K sold.

Based on aggregated 13F filings for Q4 2013.