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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$4.9M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$4.25M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$2.68M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.2M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.99M |
| 2 |
Morgan Stanley
New York
|
-$1.99M |
| 3 |
Jane Street
New York
|
-$883K |
| 4 |
RCYC
Richard C. Young & Co
Newport,
Rhode Island
|
-$488K |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$487K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCM
51
Windsor Capital Management
Phoenix,
Arizona
| $14K | – | – | – |
|
|
WRM
52
Westport Resources Management
Westport,
Connecticut
| $13K | – | – | – |
|
53
M&T Bank
Buffalo,
New York
| $12K | – | – | – |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $10K | +$5.07K | +402 | +101% |
|
55
Citigroup
New York
| $1K | +$832 | +66 | New |
|
|
56
Jane Street
New York
| – | -$883K | -67,481 | Closed |
|
|
RCYC
57
Richard C. Young & Co
Newport,
Rhode Island
| – | -$488K | -37,258 | Closed |
|
|
58
Comerica Bank
Dallas,
Texas
| – | -$487K | -37,175 | Closed |
|
59
Nomura Holdings
Tokyo,
Japan
| – | -$236K | -17,980 | Closed |
|
|
HK
60
Horizon Kinetics
New York
| – | -$157K | -12,025 | Closed |
|
|
PP
61
Paloma Partners
Greenwich,
Connecticut
| – | -$147K | -11,200 | Closed |
|
62
Ameriprise
Minneapolis,
Minnesota
| – | -$65K | -4,965 | Closed |
|
|
OFS
63
Orrstown Financial Services
Harrisburg,
Pennsylvania
| – | -$16K | -1,189 | Closed |
|
64
Jones Financial Companies
Des Peres,
Missouri
| – | -$3K | -208 | Closed |
|
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.