BlackRock MuniYield Quality Fund III
MYI
100 hedge funds and large institutions have $231M invested in BlackRock MuniYield Quality Fund III in 2019 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 11 closing their positions.
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
15% more capital invested
Capital invested by funds: $201M → $231M (+$30M)
5% more funds holding
Funds holding: 95 → 100 (+5)
1.91% more ownership
Funds ownership: 24.5% → 26.4% (+1.9%)
9% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.55M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$7.85M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.65M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.82M |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.64M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.28M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.06M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$971K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$900K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
101
Tower Research Capital (TRC)
New York
| – | -$181K | -14,994 | Closed |
|
|
LNWWM
102
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$157K | -13,008 | Closed |
|
|
VF
103
Virtu Financial
New York
| – | -$145K | -12,009 | Closed |
|
|
BFM
104
Boothbay Fund Management
New York
| – | -$145K | -12,000 | Closed |
|
105
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$145K | -12,000 | Closed |
|
|
MOS
106
MGO One Seven
Beachwood,
Ohio
| – | -$25K | -2,135 | Closed |
|
|
CHP
107
Cable Hill Partners
Portland,
Oregon
| – | -$26K | -2,130 | Closed |
|
|
RFC
108
Regions Financial Corp
Birmingham,
Alabama
| – | -$16K | -1,287 | Closed |
|
|
HT
109
Heritage Trust
Oklahoma City,
Oklahoma
| – | -$4K | -350 | Closed |
|
110
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | +100% |
|
MYI Hedge Fund Activity: Q1 2019 in Review
100 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q1 2019, worth a combined $231M — up 15% from $201M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new MYI positions and 11 closed out — a net gain of 7 holders — while 25 added to existing stakes and 23 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $8.55M. The largest seller was Fiera Capital (Canada), cutting an estimated $1.64M.
- 100 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q1 2019, up from 95 in Q4 2018.
- Funds reported $231M of BlackRock MuniYield Quality Fund III stock for Q1 2019, up 15% quarter-over-quarter.
- 18 funds opened new BlackRock MuniYield Quality Fund III positions in Q1 2019 and 11 closed out, a net change of +7 holders.
- The largest BlackRock MuniYield Quality Fund III buyer in Q1 2019 was Rivernorth Capital Management, an estimated $8.55M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q1 2019 was Fiera Capital (Canada), an estimated $1.64M sold.
Based on aggregated 13F filings for Q1 2019.