BlackRock MuniYield Quality Fund III
MYI
105 hedge funds and large institutions have $296M invested in BlackRock MuniYield Quality Fund III in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 34 reducing their positions, and 15 closing their positions.
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
27% more capital invested
Capital invested by funds: $233M → $296M (+$63.4M)
3% more funds holding
Funds holding: 102 → 105 (+3)
1.63% more ownership
Funds ownership: 35.78% → 37.41% (+1.6%)
15% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 34
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$5.06M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$3.16M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.44M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.03M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$6.48M |
| 2 |
EAM
Eschler Asset Management
London,
United Kingdom
|
-$3.12M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$2.2M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.88M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.7M |
MYI Hedge Fund Activity: Q4 2023 in Review
105 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q4 2023, worth a combined $296M — up 27% from $233M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new MYI positions and 15 closed out — a net gain of 6 holders — while 29 added to existing stakes and 34 trimmed.
The largest buyer was Bramshill Investments, adding an estimated $5.06M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $6.48M sold.
- 105 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q4 2023, up from 102 in Q3 2023.
- Funds reported $296M of BlackRock MuniYield Quality Fund III stock for Q4 2023, up 27% quarter-over-quarter.
- 21 funds opened new BlackRock MuniYield Quality Fund III positions in Q4 2023 and 15 closed out, a net change of +6 holders.
- The largest BlackRock MuniYield Quality Fund III buyer in Q4 2023 was Bramshill Investments, an estimated $5.06M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q4 2023 was 1607 Capital Partners, an estimated $6.48M sold.
Based on aggregated 13F filings for Q4 2023.