BlackRock Investment Quality Municipal Trust
BKN
BKN was delisted on the 20th of February, 2026.
66 hedge funds and large institutions have $64.2M invested in BlackRock Investment Quality Municipal Trust in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 12 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
38% more capital invested
Capital invested by funds: $46.4M → $64.2M (+$17.8M)
2% more ownership
Funds ownership: 24.17% → 26.17% (+2%)
3% less funds holding
Funds holding: 68 → 66 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.8M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.74M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$1.06M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$996K |
| 5 |
CA
Callahan Advisors
Houston,
Texas
|
+$467K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$637K |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$390K |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
-$327K |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$269K |
BKN Hedge Fund Activity: Q1 2025 in Review
66 of the 7,477 institutional investors tracked by Wall St. Rank reported a position in BlackRock Investment Quality Municipal Trust (BKN) for Q1 2025, worth a combined $64.2M — up 38% from $46.4M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BKN and 10 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 20 added.
The largest buyer was Hennion & Walsh Asset Management, opening a new position worth an estimated $1.8M. The largest seller was Guggenheim Capital, cutting an estimated $1.2M.
- 66 institutional investors held BlackRock Investment Quality Municipal Trust (BKN) as of Q1 2025, down from 68 in Q4 2024.
- Funds reported $64.2M of BlackRock Investment Quality Municipal Trust stock for Q1 2025, up 38% quarter-over-quarter.
- 10 funds opened new BlackRock Investment Quality Municipal Trust positions in Q1 2025 and 12 closed out, a net change of -2 holders.
- The largest BlackRock Investment Quality Municipal Trust buyer in Q1 2025 was Hennion & Walsh Asset Management, an estimated $1.8M added.
- The largest BlackRock Investment Quality Municipal Trust seller in Q1 2025 was Guggenheim Capital, an estimated $1.2M sold.
Based on aggregated 13F filings for Q1 2025.