BlackRock MuniYield New York Quality Fund
MYN
59 hedge funds and large institutions have $118M invested in BlackRock MuniYield New York Quality Fund in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 11 reducing their positions, and 14 closing their positions.
109% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 11
34% more capital invested
Capital invested by funds: $88M → $118M (+$29.9M)
3.77% more ownership
Funds ownership: 25.07% → 28.84% (+3.8%)
8% less funds holding
Funds holding: 64 → 59 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.12M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.48M |
| 3 |
SCM
Saba Capital Management
New York
|
+$3.66M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$3.27M |
| 5 |
MSL
Mackay Shields LLC
New York
|
+$2.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.91M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$635K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$384K |
| 4 |
CWM
Chemistry Wealth Management
New York
|
-$230K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$227K |
MYN Hedge Fund Activity: Q4 2023 in Review
59 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q4 2023, worth a combined $118M — up 34% from $88M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MYN and 10 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 23 added.
The largest buyer was Morgan Stanley, adding an estimated $5.12M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $4.91M sold.
- 59 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q4 2023, down from 64 in Q3 2023.
- Funds reported $118M of BlackRock MuniYield New York Quality Fund stock for Q4 2023, up 34% quarter-over-quarter.
- 10 funds opened new BlackRock MuniYield New York Quality Fund positions in Q4 2023 and 14 closed out, a net change of -4 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q4 2023 was Morgan Stanley, an estimated $5.12M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q4 2023 was Fiera Capital (Canada), an estimated $4.91M sold.
Based on aggregated 13F filings for Q4 2023.