BlackRock MuniHoldings New Jersey Quality Fund
MUJ
40 hedge funds and large institutions have $46.5M invested in BlackRock MuniHoldings New Jersey Quality Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 6 closing their positions.
42% more capital invested
Capital invested by funds: $32.9M → $46.5M (+$13.7M)
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
3.59% more ownership
Funds ownership: 8.68% → 12.27% (+3.6%)
2% less funds holding
Funds holding: 41 → 40 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.48M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$723K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$605K |
| 5 |
MSL
Mackay Shields LLC
New York
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.94M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.01M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$888K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$723K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$583K |
MUJ Hedge Fund Activity: Q4 2018 in Review
40 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings New Jersey Quality Fund (MUJ) for Q4 2018, worth a combined $46.5M — up 42% from $32.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MUJ and 5 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 14 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $11.6M. The largest seller was Curi RMB Capital, cutting an estimated $1.94M.
- 40 institutional investors held BlackRock MuniHoldings New Jersey Quality Fund (MUJ) as of Q4 2018, down from 41 in Q3 2018.
- Funds reported $46.5M of BlackRock MuniHoldings New Jersey Quality Fund stock for Q4 2018, up 42% quarter-over-quarter.
- 5 funds opened new BlackRock MuniHoldings New Jersey Quality Fund positions in Q4 2018 and 6 closed out, a net change of -1 holder.
- The largest BlackRock MuniHoldings New Jersey Quality Fund buyer in Q4 2018 was Saba Capital Management, an estimated $11.6M added.
- The largest BlackRock MuniHoldings New Jersey Quality Fund seller in Q4 2018 was Curi RMB Capital, an estimated $1.94M sold.
Based on aggregated 13F filings for Q4 2018.