BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC. (MUE) — Institutional Holders, Q4 2025
63 institutional investment managers reported a MUE position on SEC Form 13F-HR for the quarter ended December 31, 2025, with a combined reported value of $95.6M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
MUE in Q4 2025: what funds did
Funds that filed a 13F for both Q3 2025 and Q4 2025, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- RIVERNORTH CAPITAL MANAGEMENTNew · +2,170,922 sh+$21.8M
- MORGAN STANLEYNew · +1,625,906 sh+$16.3M
- PathstoneNew · +1,073,834 sh+$10.8M
- Karpus ManagementAdded · +704,881 sh+$7.1M
- SIT INVESTMENT ASSOCIATESNew · +447,911 sh+$4.5M
Biggest sellers
- FNY Investment AdvisersSold out · -300 sh-$3.0K
MUE 13F holders ranked 1–63 of 63
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q3 2025 |
|---|---|---|---|---|---|
| 1 | RIVERNORTH CAPITAL MANAGEMENT#1 · 2,170,922 sh | 2,170,922 | $21.8M | — | New |
| 2 | MORGAN STANLEY#2 · 1,625,906 sh | 1,625,906 | $16.3M | — | New |
| 3 | Pathstone#3 · 1,073,834 sh | 1,073,834 | $10.8M | — | New |
| 4 | Karpus Management#4 · 726,931 sh | 726,931 | $7.3M | — | +3196.7% |
| 5 | SIT INVESTMENT ASSOCIATES#5 · 447,911 sh | 447,911 | $4.5M | — | New |
| 6 | Advisors Asset Management#6 · 389,247 sh | 389,247 | $3.9M | — | New |
| 7 | GUGGENHEIM CAPITAL#7 · 375,549 sh | 375,549 | $3.8M | — | New |
| 8 | Hennion & Walsh Asset Management#8 · 336,152 sh | 336,152 | $3.4M | — | New |
| 9 | LPL Financial#9 · 202,045 sh | 202,045 | $2.0M | — | New |
| 10 | Fiera Capital#10 · 186,796 sh | 186,796 | $1.9M | — | New |
| 11 | VAN ECK ASSOCIATES#11 · 182,206 sh | 182,206 | $1.8M | — | +14.6% |
| 12 | Invesco Ltd.#12 · 151,765 sh | 151,765 | $1.5M | — | New |
| 13 | Atala Financial#13 · 146,161 sh | 146,161 | $1.5M | — | New |
| 14 | RAYMOND JAMES FINANCIAL#14 · 128,704 sh | 128,704 | $1.3M | — | New |
| 15 | BANK OF AMERICA#15 · 115,604 sh | 115,604 | $1.2M | — | New |
| 16 | Logan Stone Capital#16 · 94,690 sh | 94,690 | $949.7K | — | New |
| 17 | ROBINSON CAPITAL MANAGEMENT#17 · 84,859 sh | 84,859 | $851.1K | — | New |
| 18 | COHEN & STEERS#18 · 80,000 sh | 80,000 | $802.0K | — | New |
| 19 | Capital Investment Advisors#19 · 65,580 sh | 65,580 | $657.8K | — | New |
| 20 | Bank of New York Mellon#20 · 61,699 sh | 61,699 | $618.8K | — | New |
| 21 | WELLS FARGO & COMPANY#21 · 60,870 sh | 60,870 | $610.5K | — | New |
| 22 | HORIZON KINETICS ASSET MANAGEMENT#22 · 60,430 sh | 60,430 | $606.1K | — | New |
| 23 | ROYAL BANK OF CANADA#23 · 56,625 sh | 56,625 | $568.0K | — | New |
| 24 | AMERIPRISE FINANCIAL#24 · 47,750 sh | 47,750 | $478.9K | — | New |
| 25 | RIVERBRIDGE PARTNERS#25 · 47,303 sh | 47,303 | $474.4K | — | New |
| 26 | WHITEBOX ADVISORS#26 · 46,481 sh | 46,481 | $466.2K | — | New |
| 27 | Westchester Capital Management#27 · 43,988 sh | 43,988 | $441.2K | — | New |
| 28 | Rockefeller Capital Management L.P.#28 · 41,318 sh | 41,318 | $414.4K | — | New |
| 29 | Noble Wealth Management PBC#29 · 32,805 sh | 32,805 | $329.0K | — | New |
| 30 | GOLDMAN SACHS GROUP#30 · 32,536 sh | 32,536 | $326.3K | — | New |
| 31 | MELFA WEALTH MANAGEMENT#31 · 27,211 sh | 27,211 | $272.9K | — | New |
| 32 | UBS Group AG#32 · 25,830 sh | 25,830 | $259.1K | — | New |
| 33 | BTG Pactual Asset Management US#33 · 26,357 sh | 26,357 | $252.5K | — | New |
| 34 | Sowell Financial Services#34 · 25,000 sh | 25,000 | $250.8K | — | New |
| 35 | ROTHSCHILD INVESTMENT#35 · 23,916 sh | 23,916 | $239.9K | — | New |
| 36 | HighTower Advisors#36 · 20,803 sh | 20,803 | $208.7K | — | New |
| 37 | Nuveen#37 · 20,387 sh | 20,387 | $204.5K | — | New |
| 38 | Freestone Capital#38 · 20,000 sh | 20,000 | $200.6K | — | New |
| 39 | Ackerman Capital Advisors#39 · 18,876 sh | 18,876 | $189.3K | — | New |
| 40 | NewEdge Advisors#40 · 18,230 sh | 18,230 | $182.8K | — | New |
| 41 | Dakota Wealth Management#41 · 17,000 sh | 17,000 | $170.5K | — | New |
| 42 | Tyche Wealth Partners#42 · 16,828 sh | 16,828 | $168.8K | — | New |
| 43 | Palogic Value Management, L.P.#43 · 16,500 sh | 16,500 | $165.5K | — | New |
| 44 | SFMG#44 · 14,312 sh | 14,312 | $143.5K | — | New |
| 45 | BANK OF MONTREAL#45 · 13,990 sh | 13,990 | $140.3K | — | New |
| 46 | Cetera Investment Advisers#46 · 12,912 sh | 12,912 | $129.5K | — | New |
| 47 | OPPENHEIMER#47 · 12,850 sh | 12,850 | $128.9K | — | New |
| 48 | River Street Advisors#48 · 12,132 sh | 12,132 | $121.7K | — | New |
| 49 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#49 · 11,903 sh | 11,903 | $119.4K | — | New |
| 50 | Savvy Advisors#50 · 11,249 sh | 11,249 | $112.8K | — | New |
| 51 | OSAIC#51 · 10,270 sh | 10,270 | $103.0K | — | New |
| 52 | COMERICA BANK#52 · 9,300 sh | 9,300 | $93.3K | <0.01% | New |
| 53 | Scarborough Advisors#53 · 7,193 sh | 7,193 | $72.1K | — | New |
| 54 | Allworth Financial#54 · 7,000 sh | 7,000 | $70.2K | — | New |
| 55 | Kestra Advisory Services#55 · 3,786 sh | 3,786 | $38.0K | — | New |
| 56 | Hilltop National Bank#56 · 3,386 sh | 3,386 | $34.0K | — | New |
| 57 | Elyxium Wealth#57 · 2,740 sh | 2,740 | $27.5K | — | New |
| 58 | BESSEMER GROUP#58 · 2,507 sh | 2,507 | $25.0K | — | New |
| 59 | Pinnacle Wealth Planning Services#59 · 1,500 sh | 1,500 | $15.0K | — | New |
| 60 | BLUE BELL PRIVATE WEALTH MANAGEMENT#60 · 1,200 sh | 1,200 | $12.0K | — | New |
| 61 | Union Bankshares#61 · 1,200 sh | 1,200 | $12.0K | — | New |
| 62 | Spire Wealth Management#62 · 1,000 sh | 1,000 | $10.0K | — | New |
| 63 | BOK Financial Private Wealth#63 · 51 sh | 51 | $512.00 | — | New |
Funds that sold out of MUE in Q4 2025 (1)
Held MUE at the end of Q3 2025 and filed a Q4 2025 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q3 2025 |
|---|---|---|
| FNY Investment Advisers300 sh | 300 | $3.0K |
Source: Form 13F-HR filings on SEC EDGAR, Q4 2025. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q3 2025 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.