BlackRock MuniYield New York Quality Fund
MYN
52 hedge funds and large institutions have $70.1M invested in BlackRock MuniYield New York Quality Fund in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
11% more funds holding
Funds holding: 47 → 52 (+5)
0.4% less ownership
Funds ownership: 14.99% → 14.59% (-0.4%)
4% less capital invested
Capital invested by funds: $73.1M → $70.1M (-$2.99M)
33% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.22M |
| 2 |
Morgan Stanley
New York
|
+$674K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$654K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$599K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$459K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.06M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$455K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$407K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$349K |
MYN Hedge Fund Activity: Q2 2019 in Review
52 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q2 2019, worth a combined $70.1M — down 4.1% from $73.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MYN positions and 2 closed out — a net gain of 5 holders — while 12 added to existing stakes and 18 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.22M. The largest seller was Saba Capital Management, cutting an estimated $3.06M.
- 52 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q2 2019, up from 47 in Q1 2019.
- Funds reported $70.1M of BlackRock MuniYield New York Quality Fund stock for Q2 2019, down 4.1% quarter-over-quarter.
- 7 funds opened new BlackRock MuniYield New York Quality Fund positions in Q2 2019 and 2 closed out, a net change of +5 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q2 2019 was Robinson Capital Management, an estimated $1.22M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q2 2019 was Saba Capital Management, an estimated $3.06M sold.
Based on aggregated 13F filings for Q2 2019.