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BKK

Blackrock Municipal 2020 Term Trust
BKK

Delisted

BKK was delisted on the 15th of December, 2020.

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46 hedge funds and large institutions have $30.3M invested in Blackrock Municipal 2020 Term Trust in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 15 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less funds holding

Funds holding: 50 → 46 (-4)

12% less capital invested

Capital invested by funds: $34.3M → $30.3M (-$4.01M)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

47% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 15

Holders
46
Holders Change
-4
Holders Change %
-8%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
8
Reduced
15
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LTFS
Ladenburg Thalmann Financial Services
Florida
+$370K
2
Millennium Management
Millennium Management
New York
+$331K
3
UBS Group
UBS Group
Switzerland
+$277K
4
Northern Trust
Northern Trust
Illinois
+$220K
5
MAS
Managed Account Services
Florida
+$202K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.23M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.03M
3
VanEck Associates
VanEck Associates
New York
-$610K
4
Morgan Stanley
Morgan Stanley
New York
-$507K
5
SLA
Silver Lake Advisory
Utah
-$479K
Name Holding Trade Value Shares
Change 		Change in
Stake
NCM
26
Narwhal Capital Management
Georgia
$260K -$987 -66 -0.4%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$231K -$50.9K -3,404 -18%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$215K – – –
PA
29
Pinnacle Associates
New York
$213K -$12K -800 -5%
SPC
30
Sigma Planning Corp
Michigan
$209K +$28.3K +1,893 +16%
MAS
31
Managed Account Services
Florida
$203K +$202K +13,512 New
MFG
32
Magnus Financial Group
New York
$188K +$187K +12,500 New
CT
33
Cambridge Trust
Massachusetts
$178K – – –
CPIG
34
Chicago Partners Investment Group
Illinois
$171K -$373K -24,908 -69%
PWMAG
35
Pinnacle Wealth Management Advisory Group
New Jersey
$160K – – –
AOWM
36
Alpha Omega Wealth Management
Virginia
$153K – – –
WIA
37
Wealthstreet Investment Advisors
Texas
$150K – – –
CFG
38
Citizens Financial Group
Rhode Island
$143K – – –
SWM
39
SeaCrest Wealth Management
New York
$78K -$17.2K -1,150 -18%
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$45K – – –
CCM
41
Covington Capital Management
California
$30K – – –
AF
42
Advisornet Financial
Minnesota
$15K +$15K +1,000 New
RFC
43
Regions Financial Corp
Alabama
$12K – – –
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$11K +$11K +733 +5,638%
RCAG
45
Rehmann Capital Advisory Group
Michigan
$8.38K – – –
Northern Trust
46
Northern Trust
Illinois
$2K +$220K +14,723 New
Susquehanna International Group
47
Susquehanna International Group
Pennsylvania
– -$1.03M -69,980 Closed
VanEck Associates
48
VanEck Associates
New York
– -$610K -41,360 Closed
SLA
49
Silver Lake Advisory
Utah
– -$479K -32,466 Closed
PFS
50
Prospera Financial Services
Texas
– -$396K -26,737 Closed
1
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BKK Hedge Fund Activity: Q1 2019 in Review

46 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q1 2019, worth a combined $30.3M — down 12% from $34.3M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of BKK and 7 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 8 added.

The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $370K. The largest seller was Bank of America, cutting an estimated $2.23M.

  • 46 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q1 2019, down from 50 in Q4 2018.
  • Funds reported $30.3M of Blackrock Municipal 2020 Term Trust stock for Q1 2019, down 12% quarter-over-quarter.
  • 7 funds opened new Blackrock Municipal 2020 Term Trust positions in Q1 2019 and 11 closed out, a net change of -4 holders.
  • The largest Blackrock Municipal 2020 Term Trust buyer in Q1 2019 was Ladenburg Thalmann Financial Services, an estimated $370K added.
  • The largest Blackrock Municipal 2020 Term Trust seller in Q1 2019 was Bank of America, an estimated $2.23M sold.

Based on aggregated 13F filings for Q1 2019.