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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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56 hedge funds and large institutions have $70.9M invested in Blackrock Municipal 2020 Term Trust in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more capital invested

Capital invested by funds: $47.3M → $70.9M (+$23.6M)

6% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 17

2% less funds holding

Funds holding: 57 → 56 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
56
Holders Change
-1
Holders Change %
-1.75%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
6
Increased
16
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$23.1M
2
WKWM
Walter & Keenan Wealth Management
Indiana
+$789K
3
EVM
Eaton Vance Management
Massachusetts
+$693K
4
RJA
Raymond James & Associates
Florida
+$447K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$434K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.41M
2
NL
NWAM LLC
Washington
-$640K
3
Goldman Sachs
Goldman Sachs
New York
-$626K
4
MFG
Magnus Financial Group
New York
-$550K
5
LNB
Ledyard National Bank
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
ST
26
Sentinel Trust
Texas
$335K – – –
IWC
27
Integrated Wealth Concepts
Massachusetts
$314K +$99.4K +6,690 +47%
SMH
28
Sanders Morris Harris
Texas
$300K – – –
DWM
29
Dakota Wealth Management
Florida
$292K +$289K +19,434 New
RCM
30
Rivernorth Capital Management
Florida
$265K -$2.41M -161,912 -90%
NCM
31
Narwhal Capital Management
Georgia
$246K – – –
RJFSA
32
Raymond James Financial Services Advisors
Florida
$227K -$173K -11,643 -44%
WIA
33
Wealthstreet Investment Advisors
Texas
$221K +$50.5K +3,400 +34%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$193K -$159K -10,694 -45%
WIC
35
Whitegate Investment Counselors
New Hampshire
$191K – – –
KWA
36
KCS Wealth Advisory
California
$187K -$62K -4,176 -25%
WFA
37
Wellspring Financial Advisors
Ohio
$183K +$181K +12,200 New
Cetera Investment Advisers
38
Cetera Investment Advisers
Illinois
$181K – – –
CT
39
Cambridge Trust
Massachusetts
$178K – – –
CPIG
40
Chicago Partners Investment Group
Illinois
$171K – – –
PCP
41
Proficio Capital Partners
Massachusetts
$164K – – –
AF
42
Advisornet Financial
Minnesota
$155K +$10.4K +700 +7%
AOWM
43
Alpha Omega Wealth Management
Virginia
$153K – – –
CFG
44
Citizens Financial Group
Rhode Island
$143K – – –
EWM
45
Edge Wealth Management
New York
$135K -$23.6K -1,590 -15%
SFS
46
Sowell Financial Services
Arkansas
$101K – – –
SPIA
47
Steward Partners Investment Advisory
New York
$81K +$37.5K +2,525 +89%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$77K -$14.9K -1,000 -16%
PA
49
Procyon Advisors
Connecticut
$76K – – –
CFA
50
Carroll Financial Associates
North Carolina
$75K – – –
1
2
3

BKK Hedge Fund Activity: Q2 2020 in Review

56 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q2 2020, worth a combined $70.9M — up 50% from $47.3M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of BKK and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 16 added.

The largest buyer was Karpus Investment Management, adding an estimated $23.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.41M.

  • 56 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q2 2020, down from 57 in Q1 2020.
  • Funds reported $70.9M of Blackrock Municipal 2020 Term Trust stock for Q2 2020, up 50% quarter-over-quarter.
  • 6 funds opened new Blackrock Municipal 2020 Term Trust positions in Q2 2020 and 7 closed out, a net change of -1 holder.
  • The largest Blackrock Municipal 2020 Term Trust buyer in Q2 2020 was Karpus Investment Management, an estimated $23.1M added.
  • The largest Blackrock Municipal 2020 Term Trust seller in Q2 2020 was Rivernorth Capital Management, an estimated $2.41M sold.

Based on aggregated 13F filings for Q2 2020.