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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$3.39M |
| 2 |
Morgan Stanley
New York
|
+$2.64M |
| 3 |
Cohen & Steers
New York
|
+$1.95M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.35M |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$811K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.17M |
| 2 |
SG Americas Securities
New York
|
-$842K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$775K |
| 4 |
Barclays
London,
United Kingdom
|
-$502K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$440K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
SG Americas Securities
New York
| – | -$842K | -66,528 | Closed |
|
|
52
Barclays
London,
United Kingdom
| – | -$502K | -37,951 | -100% |
|
|
WAM
53
Weiss Asset Management
Boston,
Massachusetts
| – | -$384K | -30,300 | Closed |
|
|
FFA
54
First Foundation Advisors
Irvine,
California
| – | -$249K | -19,651 | Closed |
|
|
RCM
55
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$239K | -18,900 | Closed |
|
|
WAM
56
Wolverine Asset Management
Chicago,
Illinois
| – | -$203K | -16,035 | Closed |
|
|
PTCG
57
Pring Turner Capital Group
Alamo,
California
| – | -$57K | -4,500 | Closed |
|
|
KT
58
Kanaly Trust
Houston,
Texas
| – | -$20K | -1,600 | Closed |
|
|
WCM
59
Windsor Capital Management
Phoenix,
Arizona
| – | -$14K | -1,072 | Closed |
|
|
WRM
60
Westport Resources Management
Westport,
Connecticut
| – | -$13K | -1,000 | Closed |
|
61
Citigroup
New York
| – | -$1K | -66 | Closed |
|
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.