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BlackRock MuniHoldings California Quality Fund
MUC

55 hedge funds and large institutions have $123M invested in BlackRock MuniHoldings California Quality Fund in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 11

0.67% more ownership

Funds ownership: 21.85% → 22.52% (+0.67%)

2% less capital invested

Capital invested by funds: $125M → $123M (-$2.27M)

11% less funds holding

Funds holding: 62 → 55 (-7)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
55
Holders Change
-7
Holders Change %
-11.29%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
22
Reduced
11
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$9.7M
2
MSL
Mackay Shields LLC
New York
+$5.36M
3
SCM
Saba Capital Management
New York
+$1.75M
4
Morgan Stanley
Morgan Stanley
New York
+$951K
5
KCM
Karp Capital Management
California
+$807K

Top Sellers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
-$5.93M
2
RCM
Rivernorth Capital Management
Florida
-$2.94M
3
SIA
Sit Investment Associates
Minnesota
-$2.04M
4
MIG
Mariner Investment Group
New York
-$1.63M
5
JWA
JFS Wealth Advisors
Pennsylvania
-$1.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$24.1M +$9.7M +693,192 +62%
Morgan Stanley
2
Morgan Stanley
New York
$17.8M +$951K +67,988 +5%
RCM
3
Rivernorth Capital Management
Florida
$13.4M -$2.94M -210,451 -17%
SCM
4
Saba Capital Management
New York
$12.4M +$1.75M +125,388 +16%
GC
5
Guggenheim Capital
Illinois
$5.34M -$713K -50,982 -11%
MSL
6
Mackay Shields LLC
New York
$5.11M +$5.36M +382,973 New
Wells Fargo
7
Wells Fargo
California
$4.91M -$215K -15,342 -4%
FFA
8
First Foundation Advisors
California
$4.32M +$57.4K +4,103 +1%
Fiera Capital (Canada)
9
Fiera Capital (Canada)
Quebec, Canada
$4.22M +$705K +50,427 +19%
Bank of America
10
Bank of America
North Carolina
$4.18M -$256K -18,307 -6%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$2.59M +$624K +44,622 +30%
VSWA
12
Vontobel Swiss Wealth Advisors
Switzerland
$2.5M – – –
UBS Group
13
UBS Group
Switzerland
$2.38M +$201K +14,387 +9%
AAM
14
Advisors Asset Management
Colorado
$1.75M +$184K +13,140 +11%
Osaic Holdings
15
Osaic Holdings
Arizona
$1.6M +$1.67M +119,731 New
Stifel Financial
16
Stifel Financial
Missouri
$1.54M +$83.2K +5,945 +5%
Invesco
17
Invesco
Georgia
$1.4M -$83K -5,936 -5%
VCM
18
Vivaldi Capital Management
Illinois
$1.4M +$589K +42,077 +67%
JWA
19
JFS Wealth Advisors
Pennsylvania
$1.39M -$1.47M -105,000 -50%
HighTower Advisors
20
HighTower Advisors
Illinois
$952K +$171K +12,238 +21%
DWM
21
Dakota Wealth Management
Florida
$791K +$18.7K +1,334 +2%
KCM
22
Karp Capital Management
California
$769K +$807K +57,705 New
LPL Financial
23
LPL Financial
California
$667K +$184K +13,184 +36%
COLIM
24
City of London Investment Management
United Kingdom
$621K – – –
SWP
25
Stratos Wealth Partners
Ohio
$600K +$909 +65 +0.1%
1
2 3

MUC Hedge Fund Activity: Q1 2020 in Review

55 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2020, worth a combined $123M — down 1.8% from $125M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of MUC and 9 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 22 added.

The largest buyer was Karpus Investment Management, adding an estimated $9.7M. The largest seller was Matisse Capital, exiting entirely with an estimated $5.93M sold.

  • 55 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2020, down from 62 in Q4 2019.
  • Funds reported $123M of BlackRock MuniHoldings California Quality Fund stock for Q1 2020, down 1.8% quarter-over-quarter.
  • 9 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2020 and 14 closed out, a net change of -5 holders.
  • The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $9.7M added.
  • The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2020 was Matisse Capital, an estimated $5.93M sold.

Based on aggregated 13F filings for Q1 2020.