BlackRock Investment Quality Municipal Trust
BKN
BKN was delisted on the 20th of February, 2026.
65 hedge funds and large institutions have $81.1M invested in BlackRock Investment Quality Municipal Trust in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
55% more capital invested
Capital invested by funds: $52.2M → $81.1M (+$28.9M)
2.61% more ownership
Funds ownership: 26.13% → 28.74% (+2.6%)
2% more funds holding
Funds holding: 64 → 65 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.15M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$722K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$514K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$502K |
| 5 |
VanEck Associates
New York
|
+$328K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.03M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$514K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$506K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$203K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$197K |
BKN Hedge Fund Activity: Q4 2025 in Review
65 of the 8,261 institutional investors tracked by Wall St. Rank reported a position in BlackRock Investment Quality Municipal Trust (BKN) for Q4 2025, worth a combined $81.1M — up 55% from $52.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BKN positions and 6 closed out — a net gain of 4 holders — while 22 added to existing stakes and 14 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.15M. The largest seller was Morgan Stanley, cutting an estimated $1.03M.
- 65 institutional investors held BlackRock Investment Quality Municipal Trust (BKN) as of Q4 2025, up from 64 in Q3 2025.
- Funds reported $81.1M of BlackRock Investment Quality Municipal Trust stock for Q4 2025, up 55% quarter-over-quarter.
- 10 funds opened new BlackRock Investment Quality Municipal Trust positions in Q4 2025 and 6 closed out, a net change of +4 holders.
- The largest BlackRock Investment Quality Municipal Trust buyer in Q4 2025 was Karpus Investment Management, an estimated $4.15M added.
- The largest BlackRock Investment Quality Municipal Trust seller in Q4 2025 was Morgan Stanley, an estimated $1.03M sold.
Based on aggregated 13F filings for Q4 2025.