BlackRock MuniYield New York Quality Fund
MYN
30 hedge funds and large institutions have $21M invested in BlackRock MuniYield New York Quality Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 8 closing their positions.
8% more capital invested
Capital invested by funds: $19.4M → $21M (+$1.59M)
0.03% more ownership
Funds ownership: 4.06% → 4.09% (+0.03%)
14% less funds holding
Funds holding: 35 → 30 (-5)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$953K |
| 2 |
Morgan Stanley
New York
|
+$621K |
| 3 |
PA
Pinnacle Associates
New York
|
+$544K |
| 4 |
GBA
Garrison Bradford & Associates
New York
|
+$519K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFC
Klingenstein Fields & Co
New York
|
-$779K |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$367K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$355K |
| 4 |
SG Americas Securities
New York
|
-$335K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$222K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FWM
26
Focused Wealth Management
Newburgh,
New York
| $16K | -$15.2K | -1,207 | -50% |
|
|
KTC
27
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $11K | +$10.4K | +824 | New |
|
28
Federated Hermes
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $6K | -$6.29K | -500 | -50% |
|
|
KFC
30
Klingenstein Fields & Co
New York
| – | -$779K | -64,500 | Closed |
|
|
MIG
31
Mariner Investment Group
Harrison,
New York
| – | -$367K | -30,400 | Closed |
|
|
WAM
32
Weiss Asset Management
Boston,
Massachusetts
| – | -$355K | -29,420 | Closed |
|
|
33
SG Americas Securities
New York
| – | -$335K | -27,767 | Closed |
|
|
DA
34
Doliver Advisors
Houston,
Texas
| – | -$222K | -18,356 | Closed |
|
|
VKH
35
Virtu KCG Holdings
New York
| – | -$212K | -17,552 | Closed |
|
|
WAM
36
Wolverine Asset Management
Chicago,
Illinois
| – | -$99K | -8,278 | Closed |
|
37
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11K | -901 | Closed |
|
MYN Hedge Fund Activity: Q1 2014 in Review
30 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q1 2014, worth a combined $21M — up 8.2% from $19.4M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MYN and 3 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Wells Fargo, adding an estimated $953K. The largest seller was Klingenstein Fields & Co, exiting entirely with an estimated $779K sold.
- 30 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q1 2014, down from 35 in Q4 2013.
- Funds reported $21M of BlackRock MuniYield New York Quality Fund stock for Q1 2014, up 8.2% quarter-over-quarter.
- 3 funds opened new BlackRock MuniYield New York Quality Fund positions in Q1 2014 and 8 closed out, a net change of -5 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q1 2014 was Wells Fargo, an estimated $953K added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q1 2014 was Klingenstein Fields & Co, an estimated $779K sold.
Based on aggregated 13F filings for Q1 2014.