BlackRock MuniHoldings California Quality Fund
MUC
59 hedge funds and large institutions have $116M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 24 increasing their positions, 11 reducing their positions, and 11 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 11
12% more capital invested
Capital invested by funds: $103M → $116M (+$12.6M)
1.54% more ownership
Funds ownership: 18.47% → 20.01% (+1.5%)
5% less funds holding
Funds holding: 62 → 59 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.55M |
| 2 |
SCM
Saba Capital Management
New York
|
+$8.3M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.13M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$984K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$837K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.6M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$3.49M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.87M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.63M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$436K |
MUC Hedge Fund Activity: Q3 2019 in Review
59 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q3 2019, worth a combined $116M — up 12% from $103M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MUC and 8 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 24 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.55M. The largest seller was Robinson Capital Management, cutting an estimated $3.6M.
- 59 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q3 2019, down from 62 in Q2 2019.
- Funds reported $116M of BlackRock MuniHoldings California Quality Fund stock for Q3 2019, up 12% quarter-over-quarter.
- 8 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q3 2019 and 11 closed out, a net change of -3 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $8.55M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q3 2019 was Robinson Capital Management, an estimated $3.6M sold.
Based on aggregated 13F filings for Q3 2019.