BlackRock MuniYield Quality Fund III
96 hedge funds and large institutions have $261M invested in BlackRock MuniYield Quality Fund III in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 11 reducing their positions, and 14 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 11
33% more capital inflows, than outflows
Capital inflows: $50.2M | Capital outflows: $37.7M
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
2% more funds holding
Funds holding: 94 → 96 (+2)
1.29% more ownership
Funds ownership: 26.98% → 28.28% (+1.3%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$17.8M |
| 2 |
Karpus Investment Management
Pittsford,
New York
|
+$11.2M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$5.67M |
| 4 |
Saba Capital Management
New York
|
+$2.55M |
| 5 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bramshill Investments
Naples,
Florida
|
-$32.2M |
| 2 |
Landscape Capital Management
Englewood,
New Jersey
|
-$1.44M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$800K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$799K |
| 5 |
Guggenheim Capital
Chicago,
Illinois
|
-$414K |
MYI Hedge Fund Activity: Q3 2019 in Review
96 of the 4,576 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q3 2019, worth a combined $261M — up 7.7% from $243M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new MYI positions and 14 closed out — a net gain of 2 holders — while 33 added to existing stakes and 11 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 94 in Q2 2019.
- Funds reported $261M of BlackRock MuniYield Quality Fund III stock for Q3 2019, up 7.7% quarter-over-quarter.
- 16 funds opened new BlackRock MuniYield Quality Fund III positions in Q3 2019 and 14 closed out, a net change of +2 holders.
- 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.