BlackRock MuniHoldings California Quality Fund
66 hedge funds and large institutions have $95.2M invested in BlackRock MuniHoldings California Quality Fund in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
38% more capital invested
Capital invested by funds: $69M → $95.2M (+$26.1M)
14% more funds holding
Funds holding: 58 → 66 (+8)
5.44% more ownership
Funds ownership: 13.48% → 18.92% (+5.4%)
17% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.54M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.78M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.48M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.47M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.4M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.05M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$884K |
| 4 |
LPL Financial
San Diego,
California
|
-$832K |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$746K |
MUC Hedge Fund Activity: Q4 2018 in Review
66 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2018, worth a combined $95.2M — up 38% from $69M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MUC positions and 7 closed out — a net gain of 8 holders — while 19 added to existing stakes and 23 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $7.54M. The largest seller was Morgan Stanley, cutting an estimated $1.4M.
- 66 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2018, up from 58 in Q3 2018.
- Funds reported $95.2M of BlackRock MuniHoldings California Quality Fund stock for Q4 2018, up 38% quarter-over-quarter.
- 15 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2018 and 7 closed out, a net change of +8 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $7.54M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2018 was Morgan Stanley, an estimated $1.4M sold.
Based on aggregated 13F filings for Q4 2018.