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BlackRock MuniYield Quality Fund III
MYI

55 hedge funds and large institutions have $68.7M invested in BlackRock MuniYield Quality Fund III in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

13% more capital invested

Capital invested by funds: $61M → $68.7M (+$7.74M)

10% more funds holding

Funds holding: 50 → 55 (+5)

1.4% more ownership

Funds ownership: 6.23% → 7.63% (+1.4%)

Holders
55
Holders Change
+5
Holders Change %
+10%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
14
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$4.9M
2
U
UBS
Switzerland
+$4.25M
3
MSL
Mackay Shields LLC
New York
+$2.68M
4
SIA
Sit Investment Associates
Minnesota
+$1.2M
5
GC
Guggenheim Capital
Illinois
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.99M
2
Morgan Stanley
Morgan Stanley
New York
-$1.99M
3
Jane Street
Jane Street
New York
-$883K
4
RCYC
Richard C. Young & Co
Rhode Island
-$488K
5
Comerica Bank
Comerica Bank
Texas
-$487K
Name Holding Trade Value Shares
Change 		Change in
Stake
ASA
26
Armstrong Shaw Associates
Connecticut
$253K – – –
FFA
27
First Foundation Advisors
California
$249K +$248K +19,651 New
RCM
28
Rivernorth Capital Management
Florida
$239K +$238K +18,900 New
WAM
29
Wolverine Asset Management
Illinois
$203K +$202K +16,035 New
WT
30
Washington Trust
Rhode Island
$199K +$24.8K +1,965 +14%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$186K -$26.7K -2,118 -13%
CI
32
Conning Inc
Connecticut
$177K – – –
CCB
33
Cutter & Co Brokerage
Missouri
$175K – – –
RJT
34
Raymond James Trust
Florida
$150K – – –
FAAS
35
First Allied Advisory Services
California
$141K -$201K -15,923 -59%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$106K -$21.1K -1,675 -17%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$93K – – –
US Bancorp
38
US Bancorp
Minnesota
$66K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$61K -$26.5K -2,100 -30%
PTCG
40
Pring Turner Capital Group
California
$57K +$56.7K +4,500 New
BC
41
Bartlett & Co
Ohio
$55K – – –
First Manhattan
42
First Manhattan
New York
$54K – – –
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$52K -$13.5K -1,071 -21%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$51K +$50.4K +4,000 New
Creative Planning
45
Creative Planning
Kansas
$44K +$15.3K +1,213 +55%
SFSIG
46
San Francisco Sentry Investment Group
California
$28K – – –
AIG
47
American International Group
New York
$27.9K +$1.27K +101 +5%
KT
48
Kanaly Trust
Texas
$20K +$20.2K +1,600 New
NES
49
New England Securities
New York
$18K +$15.6K +1,240 +620%
FNBT
50
FineMark National Bank & Trust
Florida
$17K – – –
1
2
3

MYI Hedge Fund Activity: Q4 2013 in Review

55 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q4 2013, worth a combined $68.7M — up 13% from $61M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new MYI positions and 9 closed out — a net gain of 6 holders — while 14 added to existing stakes and 11 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $4.9M. The largest seller was Bank of America, cutting an estimated $1.99M.

  • 55 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q4 2013, up from 50 in Q3 2013.
  • Funds reported $68.7M of BlackRock MuniYield Quality Fund III stock for Q4 2013, up 13% quarter-over-quarter.
  • 15 funds opened new BlackRock MuniYield Quality Fund III positions in Q4 2013 and 9 closed out, a net change of +6 holders.
  • The largest BlackRock MuniYield Quality Fund III buyer in Q4 2013 was AllianceBernstein, an estimated $4.9M added.
  • The largest BlackRock MuniYield Quality Fund III seller in Q4 2013 was Bank of America, an estimated $1.99M sold.

Based on aggregated 13F filings for Q4 2013.