BlackRock MuniYield Quality Fund III
MYI
88 hedge funds and large institutions have $143M invested in BlackRock MuniYield Quality Fund III in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 10 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 15
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
18% more capital invested
Capital invested by funds: $122M → $143M (+$21.5M)
5% more funds holding
Funds holding: 84 → 88 (+4)
3.21% more ownership
Funds ownership: 14.16% → 17.37% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.1M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$10.1M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.32M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.46M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$6.34M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.02M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.38M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$411K |
| 5 |
CF
Centaurus Financial
Anaheim,
California
|
-$407K |
MYI Hedge Fund Activity: Q3 2018 in Review
88 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q3 2018, worth a combined $143M — up 18% from $122M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new MYI positions and 10 closed out — a net gain of 4 holders — while 26 added to existing stakes and 15 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $13.1M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $6.34M sold.
- 88 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q3 2018, up from 84 in Q2 2018.
- Funds reported $143M of BlackRock MuniYield Quality Fund III stock for Q3 2018, up 18% quarter-over-quarter.
- 14 funds opened new BlackRock MuniYield Quality Fund III positions in Q3 2018 and 10 closed out, a net change of +4 holders.
- The largest BlackRock MuniYield Quality Fund III buyer in Q3 2018 was Karpus Investment Management, an estimated $13.1M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q3 2018 was Laurion Capital Management, an estimated $6.34M sold.
Based on aggregated 13F filings for Q3 2018.