Blackrock Municipal 2020 Term Trust
BKK
BKK was delisted on the 15th of December, 2020.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.1M |
| 2 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
+$789K |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$693K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$447K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$434K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.41M |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$640K |
| 3 |
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 |
|
|---|---|---|---|---|---|
|
HNB
51
Huntington National Bank
Columbus,
Ohio
| $60K | – | – | – |
|
52
Fifth Third Bancorp
Cincinnati,
Ohio
| $43K | – | – | – |
|
|
BFEC
53
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $29K | -$43K | -2,896 | -60% |
|
|
CFFP
54
Center for Financial Planning
Southfied,
Michigan
| $10K | – | – | – |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $5K | +$4.46K | +300 | New |
|
|
CFD
56
Creative Financial Designs
Kokomo,
Indiana
| $5K | +$4.59K | +309 | New |
|
57
Northern Trust
Chicago,
Illinois
| $3K | – | – | – |
|
|
58
Goldman Sachs
New York
| – | -$626K | -42,689 | Closed |
|
|
LNB
59
Ledyard National Bank
| – | -$384K | -26,200 | Closed |
|
60
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$363K | -24,738 | Closed |
|
|
SIA
61
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$293K | -20,000 | Closed |
|
|
IAP
62
Indie Asset Partners
Carmel,
Indiana
| – | -$147K | -10,000 | Closed |
|
|
1CP
63
1607 Capital Partners
Richmond,
Virginia
| – | -$128K | -8,700 | Closed |
|
|
FIA
64
FNY Investment Advisers
New York
| – | -$79K | -5,400 | Closed |
|
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.