BlackRock MuniHoldings California Quality Fund
MUC
98 hedge funds and large institutions have $309M invested in BlackRock MuniHoldings California Quality Fund in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 30 increasing their positions, 22 reducing their positions, and 11 closing their positions.
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
36% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 22
5% more funds holding
Funds holding: 93 → 98 (+5)
6.93% less ownership
Funds ownership: 35.73% → 28.81% (-6.9%)
20% less capital invested
Capital invested by funds: $388M → $309M (-$78.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$11M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.51M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.26M |
| 4 |
EW
Evoke Wealth
Los Angeles,
California
|
+$1.2M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$54.6M |
| 2 |
SCM
Saba Capital Management
New York
|
-$16.5M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$12.8M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.31M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$2.39M |
MUC Hedge Fund Activity: Q1 2024 in Review
98 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q1 2024, worth a combined $309M — down 20% from $388M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MUC positions and 11 closed out — a net gain of 6 holders — while 30 added to existing stakes and 22 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $11M. The largest seller was Morgan Stanley, cutting an estimated $54.6M.
- 98 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q1 2024, up from 93 in Q4 2023.
- Funds reported $309M of BlackRock MuniHoldings California Quality Fund stock for Q1 2024, down 20% quarter-over-quarter.
- 17 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q1 2024 and 11 closed out, a net change of +6 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q1 2024 was Penserra Capital Management, an estimated $11M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q1 2024 was Morgan Stanley, an estimated $54.6M sold.
Based on aggregated 13F filings for Q1 2024.