BlackRock Municipal Income Trust
BFK
BFK was delisted on the 6th of February, 2026.
86 hedge funds and large institutions have $179M invested in BlackRock Municipal Income Trust in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 13 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less capital invested
Capital invested by funds: $180M → $179M (-$1.74M)
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
1.29% less ownership
Funds ownership: 41.08% → 39.79% (-1.3%)
2% less funds holding
Funds holding: 88 → 86 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.64M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.2M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.01M |
| 4 |
VanEck Associates
New York
|
+$767K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$350K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
-$4.39M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$2.6M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$2.06M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.79M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.1M |
BFK Hedge Fund Activity: Q4 2025 in Review
86 of the 8,281 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Trust (BFK) for Q4 2025, worth a combined $179M — down 0.96% from $180M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BFK and 12 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 24 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.64M. The largest seller was Gridiron Partners, cutting an estimated $4.39M.
- 86 institutional investors held BlackRock Municipal Income Trust (BFK) as of Q4 2025, down from 88 in Q3 2025.
- Funds reported $179M of BlackRock Municipal Income Trust stock for Q4 2025, down 0.96% quarter-over-quarter.
- 12 funds opened new BlackRock Municipal Income Trust positions in Q4 2025 and 13 closed out, a net change of -1 holder.
- The largest BlackRock Municipal Income Trust buyer in Q4 2025 was Karpus Investment Management, an estimated $4.64M added.
- The largest BlackRock Municipal Income Trust seller in Q4 2025 was Gridiron Partners, an estimated $4.39M sold.
Based on aggregated 13F filings for Q4 2025.