BlackRock MuniHoldings California Quality Fund
98 hedge funds and large institutions have $292M invested in BlackRock MuniHoldings California Quality Fund in 2025 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 30 reducing their positions, and 14 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 30
1.53% less ownership
Funds ownership: 30.86% → 29.33% (-1.5%)
4% less funds holding
Funds holding: 102 → 98 (-4)
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
29% less capital inflows, than outflows
Capital inflows: $17.2M | Capital outflows: $24.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.37M |
| 2 |
Morgan Stanley
New York
|
+$2.19M |
| 3 |
Guggenheim Capital
Chicago,
Illinois
|
+$2.05M |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
+$1.08M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$5.24M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.29M |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
-$3.85M |
| 4 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.45M |
| 5 |
Atria Wealth Solutions
New York
|
-$1.37M |
MUC Hedge Fund Activity: Q2 2025 in Review
98 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q2 2025, worth a combined $292M — down 5.6% from $309M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MUC and 11 opened new positions — a net loss of 3 holders — while 30 trimmed existing stakes and 30 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.37M. The largest seller was Saba Capital Management, cutting an estimated $5.24M.
- 98 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q2 2025, down from 102 in Q1 2025.
- Funds reported $292M of BlackRock MuniHoldings California Quality Fund stock for Q2 2025, down 5.6% quarter-over-quarter.
- 11 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q2 2025 and 14 closed out, a net change of -3 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q2 2025 was Rivernorth Capital Management, an estimated $5.37M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q2 2025 was Saba Capital Management, an estimated $5.24M sold.
Based on aggregated 13F filings for Q2 2025.