BlackRock MuniYield Quality Fund III
MYI
96 hedge funds and large institutions have $234M invested in BlackRock MuniYield Quality Fund III in 2019 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 12 reducing their positions, and 14 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 12
1.13% more ownership
Funds ownership: 27.15% → 28.28% (+1.1%)
1% more funds holding
Funds holding: 95 → 96 (+1)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
0% more capital invested
Capital invested by funds: $233M → $234M (+$766K)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$17.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.2M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$5.67M |
| 4 |
SCM
Saba Capital Management
New York
|
+$2.55M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$32.2M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.44M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$800K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$799K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$414K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Millennium Management
New York
| – | -$196K | -14,861 | Closed |
|
|
AA
102
AQR Arbitrage
Greenwich,
Connecticut
| – | -$179K | -13,595 | Closed |
|
|
TNBTD
103
Trustmark National Bank Trust Department
Jackson,
Mississippi
| – | -$67K | -5,048 | Closed |
|
|
MMG
104
Monetary Management Group
St Louis,
Missouri
| – | -$33K | -2,500 | Closed |
|
105
Citigroup
New York
| – | -$28K | -2,130 | Closed |
|
|
SHJ
106
Sharkey, Howes & Javer
Denver,
Colorado
| – | -$9K | -675 | Closed |
|
|
FCB
107
First Command Bank
Fort Worth,
Texas
| – | -$3K | -234 | Closed |
|
|
FCFS
108
First Command Financial Services
Fort Worth,
Texas
| – | -$3K | -234 | Closed |
|
MYI Hedge Fund Activity: Q3 2019 in Review
96 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q3 2019, worth a combined $234M — up 0.33% from $233M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MYI positions and 14 closed out — a net gain of 1 holder — while 33 added to existing stakes and 12 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $17.8M. The largest seller was Bramshill Investments, exiting entirely with an estimated $32.2M sold.
- 96 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q3 2019, up from 95 in Q2 2019.
- Funds reported $234M of BlackRock MuniYield Quality Fund III stock for Q3 2019, up 0.33% quarter-over-quarter.
- 15 funds opened new BlackRock MuniYield Quality Fund III positions in Q3 2019 and 14 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Quality Fund III buyer in Q3 2019 was Rivernorth Capital Management, an estimated $17.8M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q3 2019 was Bramshill Investments, an estimated $32.2M sold.
Based on aggregated 13F filings for Q3 2019.