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BlackRock MuniYield Quality Fund III
MYI

50 hedge funds and large institutions have $83.7M invested in BlackRock MuniYield Quality Fund III in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 12

22% more capital invested

Capital invested by funds: $68.7M → $83.7M (+$15.1M)

0.97% more ownership

Funds ownership: 7.63% → 8.6% (+0.97%)

9% less funds holding

Funds holding: 55 → 50 (-5)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
50
Holders Change
-5
Holders Change %
-9.09%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
15
Reduced
12
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$3.39M
2
Morgan Stanley
Morgan Stanley
New York
+$2.64M
3
Cohen & Steers
Cohen & Steers
New York
+$1.95M
4
SIA
Sit Investment Associates
Minnesota
+$1.35M
5
MFS
MSI Financial Services
Massachusetts
+$811K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.17M
2
SG Americas Securities
SG Americas Securities
New York
-$842K
3
MIG
Mariner Investment Group
New York
-$775K
4
Barclays
Barclays
United Kingdom
-$502K
5
Bank of America
Bank of America
North Carolina
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$237K +$36.1K +2,733 +19%
CI
27
Conning Inc
Connecticut
$190K – – –
MIG
28
Mariner Investment Group
New York
$182K -$775K -58,600 -81%
FAAS
29
First Allied Advisory Services
California
$173K +$21.8K +1,650 +15%
CCB
30
Cutter & Co Brokerage
Missouri
$171K -$16.3K -1,235 -9%
RJT
31
Raymond James Trust
Florida
$161K – – –
WT
32
Washington Trust
Rhode Island
$145K -$66.1K -5,000 -32%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$114K – – –
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$99K – – –
US Bancorp
35
US Bancorp
Minnesota
$71K – – –
BC
36
Bartlett & Co
Ohio
$59K – – –
First Manhattan
37
First Manhattan
New York
$58K – – –
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$54K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$42K -$23.2K -1,752 -36%
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$42K -$13.2K -1,000 -24%
AIG
41
American International Group
New York
$34.1K +$3.97K +300 +14%
SFSIG
42
San Francisco Sentry Investment Group
California
$27K -$3.31K -250 -11%
FNBT
43
FineMark National Bank & Trust
Florida
$18K – – –
BIM
44
BlackRock Investment Management
Delaware
$17K +$16.6K +1,254 New
TRCT
45
Tower Research Capital (TRC)
New York
$16K +$4.68K +354 +44%
M&T Bank
46
M&T Bank
New York
$13K – – –
NES
47
New England Securities
New York
$11K -$8.66K -655 -45%
BRWM
48
B. Riley Wealth Management
Tennessee
$6K +$5.82K +440 New
WA
49
WFG Advisors
Texas
$4K +$3.57K +270 New
AAM
50
Advisors Asset Management
Colorado
– -$1.17M -92,605 Closed
1
2
3

MYI Hedge Fund Activity: Q1 2014 in Review

50 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q1 2014, worth a combined $83.7M — up 22% from $68.7M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of MYI and 6 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 15 added.

The largest buyer was UBS, adding an estimated $3.39M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.17M sold.

  • 50 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q1 2014, down from 55 in Q4 2013.
  • Funds reported $83.7M of BlackRock MuniYield Quality Fund III stock for Q1 2014, up 22% quarter-over-quarter.
  • 6 funds opened new BlackRock MuniYield Quality Fund III positions in Q1 2014 and 11 closed out, a net change of -5 holders.
  • The largest BlackRock MuniYield Quality Fund III buyer in Q1 2014 was UBS, an estimated $3.39M added.
  • The largest BlackRock MuniYield Quality Fund III seller in Q1 2014 was Advisors Asset Management, an estimated $1.17M sold.

Based on aggregated 13F filings for Q1 2014.