BlackRock MuniYield Quality Fund III
MYI
111 hedge funds and large institutions have $278M invested in BlackRock MuniYield Quality Fund III in 2019 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 20 reducing their positions, and 4 closing their positions.
400% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 4
75% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 20
19% more capital invested
Capital invested by funds: $234M → $278M (+$44.2M)
16% more funds holding
Funds holding: 96 → 111 (+15)
1.91% more ownership
Funds ownership: 28.28% → 30.19% (+1.9%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$4.17M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.62M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.27M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$2.37M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.64M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$1.74M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.33M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$945K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$471K |
MYI Hedge Fund Activity: Q4 2019 in Review
111 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q4 2019, worth a combined $278M — up 19% from $234M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new MYI positions and 4 closed out — a net gain of 16 holders — while 35 added to existing stakes and 20 trimmed.
The largest buyer was Claybrook Capital, opening a new position worth an estimated $4.17M. The largest seller was Robinson Capital Management, cutting an estimated $2.64M.
- 111 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q4 2019, up from 96 in Q3 2019.
- Funds reported $278M of BlackRock MuniYield Quality Fund III stock for Q4 2019, up 19% quarter-over-quarter.
- 20 funds opened new BlackRock MuniYield Quality Fund III positions in Q4 2019 and 4 closed out, a net change of +16 holders.
- The largest BlackRock MuniYield Quality Fund III buyer in Q4 2019 was Claybrook Capital, an estimated $4.17M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q4 2019 was Robinson Capital Management, an estimated $2.64M sold.
Based on aggregated 13F filings for Q4 2019.