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BlackRock MuniYield Quality Fund III
MYI

55 hedge funds and large institutions have $68.7M invested in BlackRock MuniYield Quality Fund III in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

13% more capital invested

Capital invested by funds: $61M → $68.7M (+$7.74M)

10% more funds holding

Funds holding: 50 → 55 (+5)

1.4% more ownership

Funds ownership: 6.23% → 7.63% (+1.4%)

Holders
55
Holders Change
+5
Holders Change %
+10%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
14
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$4.9M
2
U
UBS
Switzerland
+$4.25M
3
MSL
Mackay Shields LLC
New York
+$2.68M
4
SIA
Sit Investment Associates
Minnesota
+$1.2M
5
GC
Guggenheim Capital
Illinois
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.99M
2
Morgan Stanley
Morgan Stanley
New York
-$1.99M
3
Jane Street
Jane Street
New York
-$883K
4
RCYC
Richard C. Young & Co
Rhode Island
-$488K
5
Comerica Bank
Comerica Bank
Texas
-$487K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$16.7M -$1.99M -158,034 -11%
U
2
UBS
Switzerland
$12.2M +$4.25M +337,083 +54%
AllianceBernstein
3
AllianceBernstein
Tennessee
$8.68M +$4.9M +388,731 +131%
Morgan Stanley
4
Morgan Stanley
New York
$6M -$1.99M -157,670 -25%
Invesco
5
Invesco
Georgia
$3.18M – – –
SIA
6
Sit Investment Associates
Minnesota
$3.02M +$1.2M +95,024 +66%
MSL
7
Mackay Shields LLC
New York
$2.69M +$2.68M +212,816 New
GC
8
Guggenheim Capital
Illinois
$2.47M +$1.12M +89,104 +84%
Wells Fargo
9
Wells Fargo
California
$1.69M +$5K +397 +0.3%
AAM
10
Advisors Asset Management
Colorado
$1.17M -$315K -25,016 -21%
Cohen & Steers
11
Cohen & Steers
New York
$931K +$927K +73,515 New
MIG
12
Mariner Investment Group
New York
$912K +$908K +72,018 New
SG Americas Securities
13
SG Americas Securities
New York
$842K +$838K +66,528 New
RJA
14
Raymond James & Associates
Florida
$705K +$164K +13,040 +31%
First Trust Advisors
15
First Trust Advisors
Illinois
$571K -$124K -9,860 -18%
N
16
Nuveen
North Carolina
$565K +$86K +6,822 +18%
CIA
17
Capital Investment Advisors
Georgia
$472K +$469K +37,247 New
Barclays
18
Barclays
United Kingdom
$456K +$215K +17,066 +82%
VanEck Associates
19
VanEck Associates
New York
$447K -$44.7K -3,543 -9%
DLG
20
Daniel L. Goodwin
$420K +$399K +31,665 +2,111%
LPL Financial
21
LPL Financial
California
$402K -$117K -9,310 -23%
WAM
22
Weiss Asset Management
Massachusetts
$384K +$382K +30,300 New
HCM
23
Hollencrest Capital Management
California
$363K +$361K +28,660 New
AQR Capital Management
24
AQR Capital Management
Connecticut
$307K +$306K +24,254 New
GIA
25
GHP Investment Advisors
Colorado
$257K – – –
1
2 3

MYI Hedge Fund Activity: Q4 2013 in Review

55 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q4 2013, worth a combined $68.7M — up 13% from $61M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new MYI positions and 9 closed out — a net gain of 6 holders — while 14 added to existing stakes and 11 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $4.9M. The largest seller was Bank of America, cutting an estimated $1.99M.

  • 55 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q4 2013, up from 50 in Q3 2013.
  • Funds reported $68.7M of BlackRock MuniYield Quality Fund III stock for Q4 2013, up 13% quarter-over-quarter.
  • 15 funds opened new BlackRock MuniYield Quality Fund III positions in Q4 2013 and 9 closed out, a net change of +6 holders.
  • The largest BlackRock MuniYield Quality Fund III buyer in Q4 2013 was AllianceBernstein, an estimated $4.9M added.
  • The largest BlackRock MuniYield Quality Fund III seller in Q4 2013 was Bank of America, an estimated $1.99M sold.

Based on aggregated 13F filings for Q4 2013.