BlackRock MuniYield Quality Fund III
MYI
95 hedge funds and large institutions have $201M invested in BlackRock MuniYield Quality Fund III in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 14 closing their positions.
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
41% more capital invested
Capital invested by funds: $143M → $201M (+$58.1M)
17% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 23
8% more funds holding
Funds holding: 88 → 95 (+7)
7.13% more ownership
Funds ownership: 17.37% → 24.5% (+7.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$32.7M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$7.18M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$6.07M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.5M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$2.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.35M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.08M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.87M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.38M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$862K |
MYI Hedge Fund Activity: Q4 2018 in Review
95 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q4 2018, worth a combined $201M — up 41% from $143M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new MYI positions and 14 closed out — a net gain of 7 holders — while 27 added to existing stakes and 23 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $32.7M. The largest seller was Bank of America, cutting an estimated $2.35M.
- 95 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q4 2018, up from 88 in Q3 2018.
- Funds reported $201M of BlackRock MuniYield Quality Fund III stock for Q4 2018, up 41% quarter-over-quarter.
- 21 funds opened new BlackRock MuniYield Quality Fund III positions in Q4 2018 and 14 closed out, a net change of +7 holders.
- The largest BlackRock MuniYield Quality Fund III buyer in Q4 2018 was Karpus Investment Management, an estimated $32.7M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q4 2018 was Bank of America, an estimated $2.35M sold.
Based on aggregated 13F filings for Q4 2018.