BlackRock MuniYield Quality Fund III
MYI
105 hedge funds and large institutions have $333M invested in BlackRock MuniYield Quality Fund III in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 39 increasing their positions, 19 reducing their positions, and 9 closing their positions.
105% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 19
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
7% more capital invested
Capital invested by funds: $313M → $333M (+$20.7M)
3% more funds holding
Funds holding: 102 → 105 (+3)
2.55% more ownership
Funds ownership: 31.81% → 34.37% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$19.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.12M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.86M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$1.69M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.48M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.5M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$677K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$647K |
| 5 |
LWM
Laidlaw Wealth Management
New York City,
New York
|
-$502K |
MYI Hedge Fund Activity: Q1 2021 in Review
105 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund III (MYI) for Q1 2021, worth a combined $333M — up 6.6% from $313M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MYI positions and 9 closed out — a net gain of 3 holders — while 39 added to existing stakes and 19 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $19.5M. The largest seller was Karpus Investment Management, cutting an estimated $8.48M.
- 105 institutional investors held BlackRock MuniYield Quality Fund III (MYI) as of Q1 2021, up from 102 in Q4 2020.
- Funds reported $333M of BlackRock MuniYield Quality Fund III stock for Q1 2021, up 6.6% quarter-over-quarter.
- 12 funds opened new BlackRock MuniYield Quality Fund III positions in Q1 2021 and 9 closed out, a net change of +3 holders.
- The largest BlackRock MuniYield Quality Fund III buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $19.5M added.
- The largest BlackRock MuniYield Quality Fund III seller in Q1 2021 was Karpus Investment Management, an estimated $8.48M sold.
Based on aggregated 13F filings for Q1 2021.