BlackRock Municipal Income Trust
BFK
BFK was delisted on the 6th of February, 2026.
85 hedge funds and large institutions have $180M invested in BlackRock Municipal Income Trust in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 31 reducing their positions, and 16 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
3.74% less ownership
Funds ownership: 42.46% → 38.72% (-3.7%)
7% less capital invested
Capital invested by funds: $193M → $180M (-$13M)
10% less funds holding
Funds holding: 94 → 85 (-9)
19% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 31
50% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$3.11M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.28M |
| 3 |
AFG
Atomi Financial Group
New York
|
+$405K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$369K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$307K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.9M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$2.2M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.69M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.44M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Fidelity Investments
Boston,
Massachusetts
| – | -$13 | -1 | Closed |
|
BFK Hedge Fund Activity: Q1 2024 in Review
85 of the 6,946 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Trust (BFK) for Q1 2024, worth a combined $180M — down 6.7% from $193M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BFK and 8 opened new positions — a net loss of 8 holders — while 31 trimmed existing stakes and 25 added.
The largest buyer was Mackay Shields LLC, adding an estimated $3.11M. The largest seller was Morgan Stanley, cutting an estimated $10.9M.
- 85 institutional investors held BlackRock Municipal Income Trust (BFK) as of Q1 2024, down from 94 in Q4 2023.
- Funds reported $180M of BlackRock Municipal Income Trust stock for Q1 2024, down 6.7% quarter-over-quarter.
- 8 funds opened new BlackRock Municipal Income Trust positions in Q1 2024 and 16 closed out, a net change of -8 holders.
- The largest BlackRock Municipal Income Trust buyer in Q1 2024 was Mackay Shields LLC, an estimated $3.11M added.
- The largest BlackRock Municipal Income Trust seller in Q1 2024 was Morgan Stanley, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2024.