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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$13.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.18M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.12M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$934K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.14M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.11M |
| 3 |
Mercer Global Advisors
Denver,
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 |
|
|---|---|---|---|---|---|
|
MIG
51
Mariner Investment Group
Harrison,
New York
| – | -$1.14M | -87,148 | Closed |
|
|
RCM
52
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$1.11M | -84,462 | Closed |
|
|
53
Mercer Global Advisors
Denver,
Colorado
| – | -$662K | -50,559 | Closed |
|
|
NCP
54
NexWave Capital Partners
New York
| – | -$364K | -27,842 | Closed |
|
|
PCM
55
Prelude Capital Management
New York
| – | -$348K | -26,579 | Closed |
|
|
LCM
56
Landscape Capital Management
Englewood,
New Jersey
| – | -$341K | -26,032 | Closed |
|
|
ICA
57
Infrastructure Capital Advisors
New York
| – | -$319K | -24,361 | Closed |
|
|
HKAM
58
Horizon Kinetics Asset Management
New York
| – | -$242K | -18,524 | Closed |
|
|
PAG
59
Private Advisor Group
Morristown,
New Jersey
| – | -$181K | -13,850 | Closed |
|
60
JP Morgan Chase
New York
| – | -$6K | -484 | Closed |
|
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.