BlackRock MuniYield Quality Fund III
MYI
106 hedge funds and large institutions have $247M invested in BlackRock MuniYield Quality Fund III in 2024 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 22 increasing their positions, 40 reducing their positions, and 14 closing their positions.
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
1% more funds holding
Funds holding: 105 → 106 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5.82% less ownership
Funds ownership: 37.41% → 31.59% (-5.8%)
17% less capital invested
Capital invested by funds: $296M → $247M (-$49.6M)
45% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.53M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$3.33M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.16M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.97M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$20.2M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$16.9M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
-$5.29M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.26M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.6M |
MYI Hedge Fund Activity: Q1 2024 in Review
106 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q1 2024, worth a combined $247M — down 17% from $296M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new MYI positions and 14 closed out — a net gain of 2 holders — while 22 added to existing stakes and 40 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $3.53M. The largest seller was Morgan Stanley, cutting an estimated $20.2M.
- 106 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q1 2024, up from 105 in Q4 2023.
- Funds reported $247M of BlackRock MuniYield Quality Fund III stock for Q1 2024, down 17% quarter-over-quarter.
- 16 funds opened new BlackRock MuniYield Quality Fund III positions in Q1 2024 and 14 closed out, a net change of +2 holders.
- The largest BlackRock MuniYield Quality Fund III buyer in Q1 2024 was Penserra Capital Management, an estimated $3.53M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q1 2024 was Morgan Stanley, an estimated $20.2M sold.
Based on aggregated 13F filings for Q1 2024.