BlackRock MuniYield Quality Fund III
MYI
109 hedge funds and large institutions have $280M invested in BlackRock MuniYield Quality Fund III in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 28 reducing their positions, and 15 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 28
1.96% more ownership
Funds ownership: 30.19% → 32.15% (+2%)
7% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 15
1% more capital invested
Capital invested by funds: $278M → $280M (+$2.25M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 111 → 109 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$17.3M |
| 2 |
SCM
Saba Capital Management
New York
|
+$5.48M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$5.2M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.83M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
+$3.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$13.3M |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$4.16M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$3.06M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.85M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.59M |
MYI Hedge Fund Activity: Q1 2020 in Review
109 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q1 2020, worth a combined $280M — up 0.81% from $278M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new MYI positions and 15 closed out — a net gain of 1 holder — while 32 added to existing stakes and 28 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $17.3M. The largest seller was Robinson Capital Management, cutting an estimated $13.3M.
- 109 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q1 2020, down from 111 in Q4 2019.
- Funds reported $280M of BlackRock MuniYield Quality Fund III stock for Q1 2020, up 0.81% quarter-over-quarter.
- 16 funds opened new BlackRock MuniYield Quality Fund III positions in Q1 2020 and 15 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Quality Fund III buyer in Q1 2020 was Karpus Investment Management, an estimated $17.3M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q1 2020 was Robinson Capital Management, an estimated $13.3M sold.
Based on aggregated 13F filings for Q1 2020.