BlackRock Investment Quality Municipal Trust
BKN
BKN was delisted on the 20th of February, 2026.
62 hedge funds and large institutions have $43.9M invested in BlackRock Investment Quality Municipal Trust in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 8 closing their positions.
3% more ownership
Funds ownership: 22.2% → 25.19% (+3%)
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
1% less capital invested
Capital invested by funds: $44.5M → $43.9M (-$538K)
9% less funds holding
Funds holding: 68 → 62 (-6)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.59M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$844K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$385K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$370K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.73M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$864K |
| 3 |
AGM
Alpine Global Management
New York
|
-$512K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$287K |
| 5 |
Rockefeller Capital Management
New York
|
-$217K |
BKN Hedge Fund Activity: Q3 2023 in Review
62 of the 6,294 institutional investors tracked by Wall St. Rank reported a position in BlackRock Investment Quality Municipal Trust (BKN) for Q3 2023, worth a combined $43.9M — down 1.2% from $44.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BKN and 2 opened new positions — a net loss of 6 holders — while 19 trimmed existing stakes and 20 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.3M. The largest seller was Robinson Capital Management, cutting an estimated $2.73M.
- 62 institutional investors held BlackRock Investment Quality Municipal Trust (BKN) as of Q3 2023, down from 68 in Q2 2023.
- Funds reported $43.9M of BlackRock Investment Quality Municipal Trust stock for Q3 2023, down 1.2% quarter-over-quarter.
- 2 funds opened new BlackRock Investment Quality Municipal Trust positions in Q3 2023 and 8 closed out, a net change of -6 holders.
- The largest BlackRock Investment Quality Municipal Trust buyer in Q3 2023 was Rivernorth Capital Management, an estimated $6.3M added.
- The largest BlackRock Investment Quality Municipal Trust seller in Q3 2023 was Robinson Capital Management, an estimated $2.73M sold.
Based on aggregated 13F filings for Q3 2023.