BlackRock MuniHoldings California Quality Fund
MUC
60 hedge funds and large institutions have $101M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
6% more capital invested
Capital invested by funds: $95.2M → $101M (+$6.12M)
0.27% less ownership
Funds ownership: 18.92% → 18.65% (-0.27%)
5% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 22
9% less funds holding
Funds holding: 66 → 60 (-6)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.18M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.88M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.47M |
| 4 |
KCM
Karp Capital Management
Sausalito,
California
|
+$978K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$855K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.49M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.97M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.84M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.62M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.38M |
MUC Hedge Fund Activity: Q1 2019 in Review
60 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2019, worth a combined $101M — up 6.4% from $95.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MUC and 6 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 21 added.
The largest buyer was Karpus Investment Management, adding an estimated $3.18M. The largest seller was Bank of America, cutting an estimated $2.49M.
- 60 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2019, down from 66 in Q4 2018.
- Funds reported $101M of BlackRock MuniHoldings California Quality Fund stock for Q1 2019, up 6.4% quarter-over-quarter.
- 6 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2019 and 11 closed out, a net change of -5 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2019 was Karpus Investment Management, an estimated $3.18M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2019 was Bank of America, an estimated $2.49M sold.
Based on aggregated 13F filings for Q1 2019.