BlackRock Municipal Income Trust
BFK
BFK was delisted on the 6th of February, 2026.
85 hedge funds and large institutions have $184M invested in BlackRock Municipal Income Trust in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 10 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
3% more capital invested
Capital invested by funds: $179M → $184M (+$4.68M)
0.8% more ownership
Funds ownership: 41.44% → 42.24% (+0.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 88 → 85 (-3)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$4.11M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$1.08M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$869K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$656K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$573K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.01M |
| 2 |
VanEck Associates
New York
|
-$983K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$713K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$375K |
| 5 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$351K |
BFK Hedge Fund Activity: Q1 2025 in Review
85 of the 7,463 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Trust (BFK) for Q1 2025, worth a combined $184M — up 2.6% from $179M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BFK and 8 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 29 added.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $4.11M. The largest seller was Guggenheim Capital, cutting an estimated $1.01M.
- 85 institutional investors held BlackRock Municipal Income Trust (BFK) as of Q1 2025, down from 88 in Q4 2024.
- Funds reported $184M of BlackRock Municipal Income Trust stock for Q1 2025, up 2.6% quarter-over-quarter.
- 8 funds opened new BlackRock Municipal Income Trust positions in Q1 2025 and 10 closed out, a net change of -2 holders.
- The largest BlackRock Municipal Income Trust buyer in Q1 2025 was Hennion & Walsh Asset Management, an estimated $4.11M added.
- The largest BlackRock Municipal Income Trust seller in Q1 2025 was Guggenheim Capital, an estimated $1.01M sold.
Based on aggregated 13F filings for Q1 2025.