BlackRock MuniHoldings New Jersey Quality Fund
MUJ
35 hedge funds and large institutions have $49.2M invested in BlackRock MuniHoldings New Jersey Quality Fund in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 7 closing their positions.
6% more capital invested
Capital invested by funds: $46.5M → $49.2M (+$2.63M)
0.35% less ownership
Funds ownership: 12.27% → 11.93% (-0.35%)
13% less funds holding
Funds holding: 40 → 35 (-5)
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$586K |
| 3 |
SCM
Saba Capital Management
New York
|
+$275K |
| 4 |
Morgan Stanley
New York
|
+$204K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$172K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.72M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$604K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$517K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$408K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$371K |
MUJ Hedge Fund Activity: Q1 2019 in Review
35 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings New Jersey Quality Fund (MUJ) for Q1 2019, worth a combined $49.2M — up 5.7% from $46.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MUJ and 2 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 9 added.
The largest buyer was Robinson Capital Management, adding an estimated $2M. The largest seller was Curi RMB Capital, cutting an estimated $1.72M.
- 35 institutional investors held BlackRock MuniHoldings New Jersey Quality Fund (MUJ) as of Q1 2019, down from 40 in Q4 2018.
- Funds reported $49.2M of BlackRock MuniHoldings New Jersey Quality Fund stock for Q1 2019, up 5.7% quarter-over-quarter.
- 2 funds opened new BlackRock MuniHoldings New Jersey Quality Fund positions in Q1 2019 and 7 closed out, a net change of -5 holders.
- The largest BlackRock MuniHoldings New Jersey Quality Fund buyer in Q1 2019 was Robinson Capital Management, an estimated $2M added.
- The largest BlackRock MuniHoldings New Jersey Quality Fund seller in Q1 2019 was Curi RMB Capital, an estimated $1.72M sold.
Based on aggregated 13F filings for Q1 2019.