BlackRock MuniHoldings California Quality Fund
MUC
90 hedge funds and large institutions have $270M invested in BlackRock MuniHoldings California Quality Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 6 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 23
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2.22% more ownership
Funds ownership: 23.32% → 25.54% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $275M → $270M (-$4.53M)
1% less funds holding
Funds holding: 91 → 90 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.97M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.4M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.59M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.59M |
| 5 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$3.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EWA
EP Wealth Advisors
Torrance,
California
|
-$2.48M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.2M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.12M |
| 4 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$537K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$379K |
MUC Hedge Fund Activity: Q2 2023 in Review
90 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2023, worth a combined $270M — down 1.6% from $275M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MUC positions and 6 closed out — a net gain of 1 holder — while 30 added to existing stakes and 23 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $7.97M. The largest seller was EP Wealth Advisors, cutting an estimated $2.48M.
- 90 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2023, down from 91 in Q1 2023.
- Funds reported $270M of BlackRock MuniHoldings California Quality Fund stock for Q2 2023, down 1.6% quarter-over-quarter.
- 7 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2023 and 6 closed out, a net change of +1 holder.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2023 was Saba Capital Management, an estimated $7.97M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2023 was EP Wealth Advisors, an estimated $2.48M sold.
Based on aggregated 13F filings for Q2 2023.