BlackRock MuniYield New York Quality Fund
MYN
53 hedge funds and large institutions have $86.3M invested in BlackRock MuniYield New York Quality Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 11 reducing their positions, and 10 closing their positions.
91% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 11
9% more capital invested
Capital invested by funds: $79.2M → $86.3M (+$7.12M)
1.32% more ownership
Funds ownership: 20.39% → 21.72% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 58 → 53 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.99M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.83M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$832K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$824K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$457K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.56M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$261K |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$256K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$238K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$202K |
MYN Hedge Fund Activity: Q1 2023 in Review
53 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q1 2023, worth a combined $86.3M — up 9% from $79.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MYN and 6 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 21 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.99M. The largest seller was Bank of America, cutting an estimated $1.56M.
- 53 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q1 2023, down from 58 in Q4 2022.
- Funds reported $86.3M of BlackRock MuniYield New York Quality Fund stock for Q1 2023, up 9% quarter-over-quarter.
- 6 funds opened new BlackRock MuniYield New York Quality Fund positions in Q1 2023 and 10 closed out, a net change of -4 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $2.99M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q1 2023 was Bank of America, an estimated $1.56M sold.
Based on aggregated 13F filings for Q1 2023.