Blackrock Municipal 2020 Term Trust
BKK
BKK was delisted on the 15th of December, 2020.
28 hedge funds and large institutions have $34.3M invested in Blackrock Municipal 2020 Term Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 3 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
12% more capital invested
Capital invested by funds: $30.5M → $34.3M (+$3.78M)
8% more funds holding
Funds holding: 26 → 28 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.39M |
| 3 |
EWM
Evercore Wealth Management
New York
|
+$227K |
| 4 |
LFR
Lehman Financial Resources
Media,
Pennsylvania
|
+$155K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$82.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$342K |
| 2 |
Morgan Stanley
New York
|
-$221K |
| 3 |
SG Americas Securities
New York
|
-$161K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$138K |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$128K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CTC
26
Central Trust Company
Jefferson City,
Missouri
| $8K | – | – | – |
|
27
Citigroup
New York
| $5K | +$5.05K | +307 | New |
|
|
RJA
28
Raymond James & Associates
St Petersburg,
Florida
| – | -$342K | -20,852 | Closed |
|
|
29
SG Americas Securities
New York
| – | -$161K | -9,823 | Closed |
|
|
BIM
30
BlackRock Investment Management
Wilmington,
Delaware
| – | -$128K | -7,823 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$197 | +12 | New |
|
BKK Hedge Fund Activity: Q1 2015 in Review
28 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q1 2015, worth a combined $34.3M — up 12% from $30.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BKK positions and 3 closed out — a net gain of 2 holders — while 10 added to existing stakes and 4 trimmed.
The largest buyer was Bank of America, adding an estimated $2.1M. The largest seller was Raymond James & Associates, exiting entirely with an estimated $342K sold.
- 28 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q1 2015, up from 26 in Q4 2014.
- Funds reported $34.3M of Blackrock Municipal 2020 Term Trust stock for Q1 2015, up 12% quarter-over-quarter.
- 5 funds opened new Blackrock Municipal 2020 Term Trust positions in Q1 2015 and 3 closed out, a net change of +2 holders.
- The largest Blackrock Municipal 2020 Term Trust buyer in Q1 2015 was Bank of America, an estimated $2.1M added.
- The largest Blackrock Municipal 2020 Term Trust seller in Q1 2015 was Raymond James & Associates, an estimated $342K sold.
Based on aggregated 13F filings for Q1 2015.