BlackRock MuniYield New York Quality Fund
MYN
49 hedge funds and large institutions have $68.9M invested in BlackRock MuniYield New York Quality Fund in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 8 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
28% more capital invested
Capital invested by funds: $53.7M → $68.9M (+$15.2M)
3.31% more ownership
Funds ownership: 11.78% → 15.1% (+3.3%)
0% more funds holding
Funds holding: 49 → 49 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.77M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.58M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.63M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.38M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$852K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$3.54M |
| 2 |
Morgan Stanley
New York
|
-$2.31M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.78M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$931K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$418K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$211K | -18,300 | Closed |
|
|
TSS
52
Two Sigma Securities
New York
| – | -$157K | -13,661 | Closed |
|
|
SPIA
53
Steward Partners Investment Advisory
New York
| – | -$26K | -2,270 | Closed |
|
|
TF
54
Tompkins Financial
Ithaca,
New York
| – | -$10K | -844 | Closed |
|
MYN Hedge Fund Activity: Q4 2018 in Review
49 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q4 2018, worth a combined $68.9M — up 28% from $53.7M a quarter earlier.
Fund positioning in MYN was balanced in Q4 2018: 8 funds opened new positions, 8 closed out, 18 added to existing stakes and 14 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.77M. The largest seller was Claybrook Capital, exiting entirely with an estimated $3.54M sold.
- 49 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q4 2018, unchanged from Q3 2018.
- Funds reported $68.9M of BlackRock MuniYield New York Quality Fund stock for Q4 2018, up 28% quarter-over-quarter.
- 8 funds opened new BlackRock MuniYield New York Quality Fund positions in Q4 2018 and 8 closed out, a net change of 0 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q4 2018 was Saba Capital Management, an estimated $7.77M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q4 2018 was Claybrook Capital, an estimated $3.54M sold.
Based on aggregated 13F filings for Q4 2018.