BlackRock Municipal Income Trust II
BLE
BLE was delisted on the 6th of February, 2026.
108 hedge funds and large institutions have $204M invested in BlackRock Municipal Income Trust II in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 28 reducing their positions, and 7 closing their positions.
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
50% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 28
13% more funds holding
Funds holding: 96 → 108 (+12)
1.39% more ownership
Funds ownership: 38.33% → 39.72% (+1.4%)
5% more capital invested
Capital invested by funds: $194M → $204M (+$9.26M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.92M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$2.31M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.09M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$861K |
| 5 |
Morgan Stanley
New York
|
+$850K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$3.72M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.37M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.36M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$488K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$334K |
BLE Hedge Fund Activity: Q4 2025 in Review
108 of the 8,243 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Trust II (BLE) for Q4 2025, worth a combined $204M — up 4.8% from $194M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BLE positions and 7 closed out — a net gain of 12 holders — while 42 added to existing stakes and 28 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.92M. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $3.72M sold.
- 108 institutional investors held BlackRock Municipal Income Trust II (BLE) as of Q4 2025, up from 96 in Q3 2025.
- Funds reported $204M of BlackRock Municipal Income Trust II stock for Q4 2025, up 4.8% quarter-over-quarter.
- 19 funds opened new BlackRock Municipal Income Trust II positions in Q4 2025 and 7 closed out, a net change of +12 holders.
- The largest BlackRock Municipal Income Trust II buyer in Q4 2025 was Karpus Investment Management, an estimated $4.92M added.
- The largest BlackRock Municipal Income Trust II seller in Q4 2025 was Toronto Dominion Bank, an estimated $3.72M sold.
Based on aggregated 13F filings for Q4 2025.