BlackRock MuniHoldings California Quality Fund
MUC
62 hedge funds and large institutions have $103M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
3% more funds holding
Funds holding: 60 → 62 (+2)
2% more capital invested
Capital invested by funds: $101M → $103M (+$1.93M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 20
0.18% less ownership
Funds ownership: 18.65% → 18.47% (-0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.78M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.9M |
| 3 |
Morgan Stanley
New York
|
+$1.38M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.03M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$8.6M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.21M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.63M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$884K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$799K |
MUC Hedge Fund Activity: Q2 2019 in Review
62 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2019, worth a combined $103M — up 1.9% from $101M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MUC positions and 4 closed out — a net gain of 2 holders — while 20 added to existing stakes and 20 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $5.78M. The largest seller was Almitas Capital, cutting an estimated $8.6M.
- 62 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2019, up from 60 in Q1 2019.
- Funds reported $103M of BlackRock MuniHoldings California Quality Fund stock for Q2 2019, up 1.9% quarter-over-quarter.
- 6 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2019 and 4 closed out, a net change of +2 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2019 was Royal Bank of Canada, an estimated $5.78M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2019 was Almitas Capital, an estimated $8.6M sold.
Based on aggregated 13F filings for Q2 2019.