BlackRock MuniHoldings California Quality Fund
112 hedge funds and large institutions have $306M invested in BlackRock MuniHoldings California Quality Fund in 2025 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 38 increasing their positions, 20 reducing their positions, and 9 closing their positions.
211% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 9
90% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 20
20% more funds holding
Funds holding: 93 → 112 (+19)
0.92% more ownership
Funds ownership: 29.17% → 30.09% (+0.92%)
1% more capital invested
Capital invested by funds: $304M → $306M (+$2.43M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.82M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.78M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4.95M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$4.73M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$17.1M |
| 2 |
SCM
Saba Capital Management
New York
|
-$6.47M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$5.36M |
| 4 |
Rockefeller Capital Management
New York
|
-$909K |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$602K |
MUC Hedge Fund Activity: Q4 2025 in Review
112 of the 8,286 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings California Quality Fund (MUC) for Q4 2025, worth a combined $306M — up 0.8% from $304M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new MUC positions and 9 closed out — a net gain of 19 holders — while 38 added to existing stakes and 20 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.82M. The largest seller was Sit Investment Associates, cutting an estimated $17.1M.
- 112 institutional investors held BlackRock MuniHoldings California Quality Fund (MUC) as of Q4 2025, up from 93 in Q3 2025.
- Funds reported $306M of BlackRock MuniHoldings California Quality Fund stock for Q4 2025, up 0.8% quarter-over-quarter.
- 28 funds opened new BlackRock MuniHoldings California Quality Fund positions in Q4 2025 and 9 closed out, a net change of +19 holders.
- The largest BlackRock MuniHoldings California Quality Fund buyer in Q4 2025 was Rivernorth Capital Management, an estimated $8.82M added.
- The largest BlackRock MuniHoldings California Quality Fund seller in Q4 2025 was Sit Investment Associates, an estimated $17.1M sold.
Based on aggregated 13F filings for Q4 2025.