BlackRock MuniYield New York Quality Fund
MYN
57 hedge funds and large institutions have $114M invested in BlackRock MuniYield New York Quality Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 7 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 13
3% less capital invested
Capital invested by funds: $118M → $114M (-$3.74M)
1.4% less ownership
Funds ownership: 28.84% → 27.44% (-1.4%)
3% less funds holding
Funds holding: 59 → 57 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.88M |
| 2 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
+$905K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$720K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$492K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$357K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.8M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$3.73M |
| 3 |
Lido Advisors
Los Angeles,
California
|
-$1.58M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.47M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $11.2K | – | – | – |
|
|
SWM
52
Spire Wealth Management
Mclean,
Virginia
| $7.15K | +$7.05K | +680 | New |
|
|
BFEC
53
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $7K | – | – | – |
|
|
QC
54
Quent Capital
New York
| $5.26K | – | – | – |
|
|
HI
55
Harbour Investments
Madison,
Wisconsin
| $2.9K | – | – | – |
|
|
MWM
56
Mascoma Wealth Management
Hanover,
New Hampshire
| $631 | – | – | – |
|
|
FIA
57
FNY Investment Advisers
New York
| $6 | +$6.22K | +600 | New |
|
58
JP Morgan Chase
New York
| – | -$362K | -35,062 | Closed |
|
|
MC
59
Matisse Capital
Portland,
Oregon
| – | -$342K | -33,064 | Closed |
|
|
AC
60
Almitas Capital
Santa Monica,
California
| – | -$217K | -21,036 | Closed |
|
61
Nomura Holdings
Tokyo,
Japan
| – | -$172K | -16,637 | Closed |
|
|
NA
62
NewEdge Advisors
New Orleans,
Louisiana
| – | -$131K | -12,700 | Closed |
|
|
CS
63
Credit Suisse
Zurich,
Switzerland
| – | -$126K | -12,200 | Closed |
|
|
FWM
64
Focused Wealth Management
Newburgh,
New York
| – | -$88.3K | -8,550 | Closed |
|
MYN Hedge Fund Activity: Q1 2024 in Review
57 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q1 2024, worth a combined $114M — down 3.2% from $118M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MYN and 5 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 20 added.
The largest buyer was Saba Capital Management, adding an estimated $5.88M. The largest seller was Morgan Stanley, cutting an estimated $4.8M.
- 57 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q1 2024, down from 59 in Q4 2023.
- Funds reported $114M of BlackRock MuniYield New York Quality Fund stock for Q1 2024, down 3.2% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield New York Quality Fund positions in Q1 2024 and 7 closed out, a net change of -2 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q1 2024 was Saba Capital Management, an estimated $5.88M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q1 2024 was Morgan Stanley, an estimated $4.8M sold.
Based on aggregated 13F filings for Q1 2024.