BlackRock Municipal Income Trust II
BLE
BLE was delisted on the 6th of February, 2026.
94 hedge funds and large institutions have $187M invested in BlackRock Municipal Income Trust II in 2025 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 35 increasing their positions, 25 reducing their positions, and 11 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
40% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 25
1.93% more ownership
Funds ownership: 36.52% → 38.45% (+1.9%)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
3% more capital invested
Capital invested by funds: $182M → $187M (+$5.93M)
1% less funds holding
Funds holding: 95 → 94 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.34M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$2.23M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$2.13M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.82M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.11M |
| 2 |
LPL Financial
San Diego,
California
|
-$357K |
| 3 |
CCG
Catalina Capital Group
Torrance,
California
|
-$266K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$258K |
| 5 |
AWM
Avior Wealth Management
Omaha,
Nebraska
|
-$247K |
BLE Hedge Fund Activity: Q2 2025 in Review
94 of the 7,601 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Trust II (BLE) for Q2 2025, worth a combined $187M — up 3.3% from $182M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BLE positions and 11 closed out — a net gain of 1 holder — while 35 added to existing stakes and 25 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $3.34M. The largest seller was Guggenheim Capital, cutting an estimated $3.11M.
- 94 institutional investors held BlackRock Municipal Income Trust II (BLE) as of Q2 2025, down from 95 in Q1 2025.
- Funds reported $187M of BlackRock Municipal Income Trust II stock for Q2 2025, up 3.3% quarter-over-quarter.
- 12 funds opened new BlackRock Municipal Income Trust II positions in Q2 2025 and 11 closed out, a net change of +1 holder.
- The largest BlackRock Municipal Income Trust II buyer in Q2 2025 was Karpus Investment Management, an estimated $3.34M added.
- The largest BlackRock Municipal Income Trust II seller in Q2 2025 was Guggenheim Capital, an estimated $3.11M sold.
Based on aggregated 13F filings for Q2 2025.