BlackRock Municipal Income Fund, Inc.
MUI
MUI was delisted on the 14th of February, 2025.
133 hedge funds and large institutions have $470M invested in BlackRock Municipal Income Fund, Inc. in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 37 increasing their positions, 40 reducing their positions, and 11 closing their positions.
118% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 11
31% more capital invested
Capital invested by funds: $357M → $470M (+$112M)
8% more funds holding
Funds holding: 123 → 133 (+10)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$19.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$8.41M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.41M |
| 4 |
Morgan Stanley
New York
|
+$4.04M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$958K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.4M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$4.28M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$2.41M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.98M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1M |
MUI Hedge Fund Activity: Q4 2023 in Review
133 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Fund, Inc. (MUI) for Q4 2023, worth a combined $470M — up 31% from $357M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new MUI positions and 11 closed out — a net gain of 13 holders — while 37 added to existing stakes and 40 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $19.3M. The largest seller was Saba Capital Management, cutting an estimated $5.4M.
- 133 institutional investors held BlackRock Municipal Income Fund, Inc. (MUI) as of Q4 2023, up from 123 in Q3 2023.
- Funds reported $470M of BlackRock Municipal Income Fund, Inc. stock for Q4 2023, up 31% quarter-over-quarter.
- 24 funds opened new BlackRock Municipal Income Fund, Inc. positions in Q4 2023 and 11 closed out, a net change of +13 holders.
- The largest BlackRock Municipal Income Fund, Inc. buyer in Q4 2023 was Karpus Investment Management, an estimated $19.3M added.
- The largest BlackRock Municipal Income Fund, Inc. seller in Q4 2023 was Saba Capital Management, an estimated $5.4M sold.
Based on aggregated 13F filings for Q4 2023.