BlackRock MuniHoldings California Quality Fund
62 hedge funds and large institutions have $125M invested in BlackRock MuniHoldings California Quality Fund in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
25% more capital invested
Capital invested by funds: $100M → $125M (+$25.1M)
5% more funds holding
Funds holding: 59 → 62 (+3)
1.84% more ownership
Funds ownership: 20.01% → 21.85% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$5.93M |
| 2 |
VSWA
Vontobel Swiss Wealth Advisors
Zurich,
Switzerland
|
+$2.63M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.52M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.52M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.64M |
| 2 |
KCM
Karp Capital Management
Sausalito,
California
|
-$1.19M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$491K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$463K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$439K |
MUC Hedge Fund Activity: Q4 2019 in Review
62 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2019, worth a combined $125M — up 25% from $100M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MUC positions and 7 closed out — a net gain of 3 holders — while 24 added to existing stakes and 16 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $5.93M. The largest seller was Royal Bank of Canada, cutting an estimated $5.64M.
- 62 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2019, up from 59 in Q3 2019.
- Funds reported $125M of BlackRock MuniHoldings California Quality Fund stock for Q4 2019, up 25% quarter-over-quarter.
- 10 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2019 and 7 closed out, a net change of +3 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2019 was Matisse Capital, an estimated $5.93M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2019 was Royal Bank of Canada, an estimated $5.64M sold.
Based on aggregated 13F filings for Q4 2019.