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MUI

BlackRock Municipal Income Fund, Inc.
MUI

Delisted

MUI was delisted on the 14th of February, 2025.

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123 hedge funds and large institutions have $369M invested in BlackRock Municipal Income Fund, Inc. in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 47 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2% more capital invested

Capital invested by funds: $361M → $369M (+$8.04M)

6% less funds holding

Funds holding: 131 → 123 (-8)

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

49% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 47

Holders
123
Holders Change
-8
Holders Change %
-6.11%
% of All Funds
1.93%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
12
Increased
24
Reduced
47
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$14.8M
2
RCM
Rivernorth Capital Management
Florida
+$3.35M
3
SIA
Sit Investment Associates
Minnesota
+$2.16M
4
KIM
Karpus Investment Management
New York
+$1.07M
5
AGM
Alpine Global Management
New York
+$585K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$3.03M
2
UBS Group
UBS Group
Switzerland
-$695K
3
Bank of America
Bank of America
North Carolina
-$524K
4
VanEck Associates
VanEck Associates
New York
-$462K
5
GC
Guggenheim Capital
Illinois
-$404K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$113M +$1.07M +93,584 +1%
Morgan Stanley
2
Morgan Stanley
New York
$81.3M -$3.03M -265,516 -4%
Bank of America
3
Bank of America
North Carolina
$23.2M -$524K -45,894 -2%
SCM
4
Saba Capital Management
New York
$22.6M +$14.8M +1,294,373 +190%
Allspring Global Investments
5
Allspring Global Investments
North Carolina
$15.2M – – –
RCM
6
Rivernorth Capital Management
Florida
$12.3M +$3.35M +292,883 +38%
Wells Fargo
7
Wells Fargo
California
$7.09M -$154K -13,496 -2%
VanEck Associates
8
VanEck Associates
New York
$5.63M -$462K -40,460 -8%
SIA
9
Sit Investment Associates
Minnesota
$4.54M +$2.16M +189,312 +91%
IP
10
Intellectus Partners
California
$4.37M +$298K +26,064 +7%
VCM
11
Vivaldi Capital Management
Illinois
$4.28M -$50.1K -4,383 -1%
CIA
12
Capital Investment Advisors
Georgia
$4.18M -$155K -13,565 -4%
HWAM
13
Hennion & Walsh Asset Management
New Jersey
$4.12M -$139K -12,206 -3%
HighTower Advisors
14
HighTower Advisors
Illinois
$3.91M -$383K -33,509 -9%
GC
15
Guggenheim Capital
Illinois
$3.8M -$404K -35,388 -10%
LSC
16
Logan Stone Capital
Illinois
$3.71M +$548K +48,007 +17%
PNC Financial Services Group
17
PNC Financial Services Group
Pennsylvania
$3.57M – – –
RCM
18
Robinson Capital Management
Michigan
$3.08M – – –
UBS Group
19
UBS Group
Switzerland
$3.06M -$695K -60,819 -19%
AA
20
AQR Arbitrage
Connecticut
$2.66M +$510K +44,647 +24%
Rockefeller Capital Management
21
Rockefeller Capital Management
New York
$2.64M -$98.3K -8,602 -4%
DWM
22
Dakota Wealth Management
Florida
$2.42M -$139K -12,200 -5%
FPW
23
Flagship Private Wealth
Massachusetts
$2.01M +$12.5K +1,097 +0.6%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$1.73M +$144K +12,602 +9%
EDRIA
25
Edmonds Duncan Registered Investment Advisors
Kansas
$1.56M +$50.2K +4,394 +3%
1
2 3 4 5

MUI Hedge Fund Activity: Q2 2023 in Review

123 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Fund, Inc. (MUI) for Q2 2023, worth a combined $369M — up 2.2% from $361M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of MUI and 12 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 24 added.

The largest buyer was Saba Capital Management, adding an estimated $14.8M. The largest seller was Morgan Stanley, cutting an estimated $3.03M.

  • 123 institutional investors held BlackRock Municipal Income Fund, Inc. (MUI) as of Q2 2023, down from 131 in Q1 2023.
  • Funds reported $369M of BlackRock Municipal Income Fund, Inc. stock for Q2 2023, up 2.2% quarter-over-quarter.
  • 12 funds opened new BlackRock Municipal Income Fund, Inc. positions in Q2 2023 and 17 closed out, a net change of -5 holders.
  • The largest BlackRock Municipal Income Fund, Inc. buyer in Q2 2023 was Saba Capital Management, an estimated $14.8M added.
  • The largest BlackRock Municipal Income Fund, Inc. seller in Q2 2023 was Morgan Stanley, an estimated $3.03M sold.

Based on aggregated 13F filings for Q2 2023.