BlackRock MuniHoldings California Quality Fund
92 hedge funds and large institutions have $263M invested in BlackRock MuniHoldings California Quality Fund in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 30 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
2.66% more ownership
Funds ownership: 25.54% → 28.2% (+2.7%)
2% more funds holding
Funds holding: 90 → 92 (+2)
3% less capital invested
Capital invested by funds: $270M → $263M (-$7.34M)
23% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$19.6M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.54M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.16M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.69M |
| 5 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$2.55M |
| 2 |
Morgan Stanley
New York
|
-$1.24M |
| 3 |
SCA
Snowden Capital Advisors
New York
|
-$1.08M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.01M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$973K |
MUC Hedge Fund Activity: Q3 2023 in Review
92 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q3 2023, worth a combined $263M — down 2.7% from $270M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MUC positions and 10 closed out — a net gain of 2 holders — while 23 added to existing stakes and 30 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $19.6M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $2.55M sold.
- 92 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q3 2023, up from 90 in Q2 2023.
- Funds reported $263M of BlackRock MuniHoldings California Quality Fund stock for Q3 2023, down 2.7% quarter-over-quarter.
- 12 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q3 2023 and 10 closed out, a net change of +2 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q3 2023 was Saba Capital Management, an estimated $19.6M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q3 2023 was Penserra Capital Management, an estimated $2.55M sold.
Based on aggregated 13F filings for Q3 2023.