BlackRock MuniYield New York Quality Fund
MYN
56 hedge funds and large institutions have $97.2M invested in BlackRock MuniYield New York Quality Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
13% more capital invested
Capital invested by funds: $86.3M → $97.2M (+$10.9M)
6% more funds holding
Funds holding: 53 → 56 (+3)
2.51% more ownership
Funds ownership: 21.72% → 24.23% (+2.5%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.59M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.98M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.61M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$762K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$598K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$1.33M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$472K |
| 3 |
Charles Schwab
San Francisco,
California
|
-$332K |
| 4 |
IC
IEQ Capital
Foster City,
California
|
-$210K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$205K |
MYN Hedge Fund Activity: Q2 2023 in Review
56 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q2 2023, worth a combined $97.2M — up 13% from $86.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MYN positions and 5 closed out — a net gain of 3 holders — while 15 added to existing stakes and 14 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.59M. The largest seller was Mackay Shields LLC, cutting an estimated $1.33M.
- 56 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q2 2023, up from 53 in Q1 2023.
- Funds reported $97.2M of BlackRock MuniYield New York Quality Fund stock for Q2 2023, up 13% quarter-over-quarter.
- 8 funds opened new BlackRock MuniYield New York Quality Fund positions in Q2 2023 and 5 closed out, a net change of +3 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $4.59M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q2 2023 was Mackay Shields LLC, an estimated $1.33M sold.
Based on aggregated 13F filings for Q2 2023.