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BlackRock MuniYield New York Quality Fund
MYN

50 hedge funds and large institutions have $83M invested in BlackRock MuniYield New York Quality Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 8

8% more capital invested

Capital invested by funds: $76.7M → $83M (+$6.31M)

3.48% more ownership

Funds ownership: 14.8% → 18.27% (+3.5%)

11% less funds holding

Funds holding: 56 → 50 (-6)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
50
Holders Change
-6
Holders Change %
-10.71%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
14
Reduced
8
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$13.4M
2
KIM
Karpus Investment Management
New York
+$4.18M
3
SCM
Saba Capital Management
New York
+$1.12M
4
UBS Group
UBS Group
Switzerland
+$1M
5
Bank of America
Bank of America
North Carolina
+$934K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$1.14M
2
RCM
Robinson Capital Management
Michigan
-$1.11M
3
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$662K
4
NCP
NexWave Capital Partners
New York
-$364K
5
PCM
Prelude Capital Management
New York
-$348K
Name Holding Trade Value Shares
Change 		Change in
Stake
BWA
26
Beam Wealth Advisors
Louisiana
$243K – – –
RJA
27
Raymond James & Associates
Florida
$214K -$5.18K -400 -2%
CRC
28
Curi RMB Capital
Illinois
$199K +$211K +16,310 New
SRC
29
Shufro Rose & Co
New York
$191K – – –
GBA
30
Garrison Bradford & Associates
New York
$183K – – –
MML Investors Services
31
MML Investors Services
Massachusetts
$153K +$233 +18 +0.1%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$152K -$10.2K -791 -6%
CS
33
Credit Suisse
Switzerland
$149K – – –
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$140K +$194 +15 +0.1%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$135K – – –
RJFSA
36
Raymond James Financial Services Advisors
Florida
$132K +$3.04K +235 +2%
NFC
37
Northeast Financial Consultants
Connecticut
$122K – – –
STA
38
Summit Trail Advisors
New York
$122K +$129K +10,000 New
Osaic Holdings
39
Osaic Holdings
Arizona
$120K +$127K +9,849 New
EWM
40
Edge Wealth Management
New York
$74K – – –
APA
41
American Portfolios Advisors
New York
$59.3K – – –
NFG
42
Next Financial Group
Texas
$55K – – –
LWCFA
43
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$53K – – –
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$41K +$28.7K +2,220 +176%
WQ
45
Wealth Quarterback
New Jersey
$31.6K – – –
AT
46
Arden Trust
Delaware
$19K +$20K +1,549 New
BFEC
47
Benjamin F. Edwards & Company
Missouri
$18K – – –
MRCM
48
M&R Capital Management
New Jersey
$14K – – –
Citigroup
49
Citigroup
New York
$12K – – –
JPLA
50
Joseph P. Lucia & Associates
New York
$12K – – –
1
2
3

MYN Hedge Fund Activity: Q1 2020 in Review

50 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q1 2020, worth a combined $83M — up 8.2% from $76.7M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of MYN and 7 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 14 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $13.4M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.14M sold.

  • 50 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q1 2020, down from 56 in Q4 2019.
  • Funds reported $83M of BlackRock MuniYield New York Quality Fund stock for Q1 2020, up 8.2% quarter-over-quarter.
  • 7 funds opened new BlackRock MuniYield New York Quality Fund positions in Q1 2020 and 11 closed out, a net change of -4 holders.
  • The largest BlackRock MuniYield New York Quality Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $13.4M added.
  • The largest BlackRock MuniYield New York Quality Fund seller in Q1 2020 was Mariner Investment Group, an estimated $1.14M sold.

Based on aggregated 13F filings for Q1 2020.