BlackRock MuniYield New York Quality Fund
MYN
50 hedge funds and large institutions have $75.8M invested in BlackRock MuniYield New York Quality Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 6 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
8% more capital invested
Capital invested by funds: $70.1M → $75.8M (+$5.65M)
1.22% more ownership
Funds ownership: 14.59% → 15.81% (+1.2%)
4% less funds holding
Funds holding: 52 → 50 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$4.03M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.82M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$858K |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
+$651K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$564K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$909K |
| 2 |
SCM
Saba Capital Management
New York
|
-$534K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$529K |
| 4 |
WC
Whitney & Co
Rochester,
New York
|
-$404K |
| 5 |
LPL Financial
San Diego,
California
|
-$338K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
51
Saba Capital Management
New York
| – | -$534K | -42,031 | Closed |
|
|
WC
52
Whitney & Co
Rochester,
New York
| – | -$404K | -31,800 | Closed |
|
|
53
LPL Financial
San Diego,
California
| – | -$338K | -26,624 | Closed |
|
|
MWM
54
Merriman Wealth Management
Seattle,
Washington
| – | -$2.15K | -16,889 | Closed |
|
|
AA
55
AQR Arbitrage
Greenwich,
Connecticut
| – | -$206K | -16,237 | Closed |
|
|
WAM
56
Wolverine Asset Management
Chicago,
Illinois
| – | -$117K | -9,262 | Closed |
|
MYN Hedge Fund Activity: Q3 2019 in Review
50 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q3 2019, worth a combined $75.8M — up 8.1% from $70.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MYN and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 17 added.
The largest buyer was Claybrook Capital, opening a new position worth an estimated $4.03M. The largest seller was Landscape Capital Management, cutting an estimated $909K.
- 50 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q3 2019, down from 52 in Q2 2019.
- Funds reported $75.8M of BlackRock MuniYield New York Quality Fund stock for Q3 2019, up 8.1% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield New York Quality Fund positions in Q3 2019 and 6 closed out, a net change of -2 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q3 2019 was Claybrook Capital, an estimated $4.03M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q3 2019 was Landscape Capital Management, an estimated $909K sold.
Based on aggregated 13F filings for Q3 2019.