BlackRock Municipal Income Trust II
BLE
BLE was delisted on the 6th of February, 2026.
96 hedge funds and large institutions have $194M invested in BlackRock Municipal Income Trust II in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 29 reducing their positions, and 10 closing their positions.
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
2% more funds holding
Funds holding: 94 → 96 (+2)
4% more capital invested
Capital invested by funds: $187M → $194M (+$6.96M)
0.12% less ownership
Funds ownership: 38.45% → 38.33% (-0.12%)
3% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 29
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$3.12M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$1.43M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.39M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$743K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$416K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.08M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$2.14M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.02M |
| 4 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
-$703K |
| 5 |
LWL
Leo Wealth LLC
Hurst,
Texas
|
-$496K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Balyasny Asset Management
Chicago,
Illinois
| – | -$143K | -14,246 | Closed |
|
102
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$112K | -11,133 | Closed |
|
103
Nomura Holdings
Tokyo,
Japan
| – | -$100K | -10,000 | Closed |
|
104
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$29K | -2,852 | Closed |
|
|
EC
105
Elequin Capital
New York
| – | -$17.9K | -1,786 | Closed |
|
|
GWM
106
Geneos Wealth Management
Englewood,
Colorado
| – | -$13K | -1,291 | Closed |
|
BLE Hedge Fund Activity: Q3 2025 in Review
96 of the 7,628 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Trust II (BLE) for Q3 2025, worth a combined $194M — up 3.7% from $187M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BLE positions and 10 closed out — a net gain of 2 holders — while 28 added to existing stakes and 29 trimmed.
The largest buyer was Pathstone Holdings, adding an estimated $3.12M. The largest seller was Robinson Capital Management, cutting an estimated $3.08M.
- 96 institutional investors held BlackRock Municipal Income Trust II (BLE) as of Q3 2025, up from 94 in Q2 2025.
- Funds reported $194M of BlackRock Municipal Income Trust II stock for Q3 2025, up 3.7% quarter-over-quarter.
- 12 funds opened new BlackRock Municipal Income Trust II positions in Q3 2025 and 10 closed out, a net change of +2 holders.
- The largest BlackRock Municipal Income Trust II buyer in Q3 2025 was Pathstone Holdings, an estimated $3.12M added.
- The largest BlackRock Municipal Income Trust II seller in Q3 2025 was Robinson Capital Management, an estimated $3.08M sold.
Based on aggregated 13F filings for Q3 2025.