BlackRock MuniHoldings New Jersey Quality Fund
MUJ
36 hedge funds and large institutions have $34.9M invested in BlackRock MuniHoldings New Jersey Quality Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 5 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
0.82% less ownership
Funds ownership: 8.23% → 7.4% (-0.82%)
5% less funds holding
Funds holding: 38 → 36 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
60% less capital inflows, than outflows
Capital inflows: $2.46M | Capital outflows: $6.11M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.27M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$295K |
| 3 |
Morgan Stanley
New York
|
+$286K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$191K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$177K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$3.04M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$660K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$630K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$539K |
| 5 |
HK
Horizon Kinetics
New York
|
-$365K |
MUJ Hedge Fund Activity: Q3 2016 in Review
36 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings New Jersey Quality Fund (MUJ) for Q3 2016, worth a combined $34.9M — down 13% from $40.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MUJ and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 10 added.
The largest buyer was Laurion Capital Management, adding an estimated $1.27M. The largest seller was Mackay Shields LLC, cutting an estimated $3.04M.
- 36 institutional investors held BlackRock MuniHoldings New Jersey Quality Fund (MUJ) as of Q3 2016, down from 38 in Q2 2016.
- Funds reported $34.9M of BlackRock MuniHoldings New Jersey Quality Fund stock for Q3 2016, down 13% quarter-over-quarter.
- 4 funds opened new BlackRock MuniHoldings New Jersey Quality Fund positions in Q3 2016 and 5 closed out, a net change of -1 holder.
- The largest BlackRock MuniHoldings New Jersey Quality Fund buyer in Q3 2016 was Laurion Capital Management, an estimated $1.27M added.
- The largest BlackRock MuniHoldings New Jersey Quality Fund seller in Q3 2016 was Mackay Shields LLC, an estimated $3.04M sold.
Based on aggregated 13F filings for Q3 2016.