BlackRock 2037 Municipal Target Term Trust
BMN
6 hedge funds and large institutions have $8.7M invested in BlackRock 2037 Municipal Target Term Trust in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 1 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
110% more capital invested
Capital invested by funds: $4.15M → $8.7M (+$4.55M)
6.42% more ownership
Funds ownership: 0% → 6.42% (+6.4%)
0% more funds holding
Funds holding: 6 → 6 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.55M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$499K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$356K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$76.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$50.2K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$12K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $6.39M | +$3.55M | +141,304 | +126% |
|
|
2
UBS Group
Zurich,
Switzerland
| $1.41M | +$499K | +19,893 | +55% |
|
|
3
Bank of America
Charlotte,
North Carolina
| $357K | +$356K | +14,168 | New |
|
|
4
Wells Fargo
San Francisco,
California
| $297K | +$76.1K | +3,033 | +35% |
|
|
5
Royal Bank of Canada
Toronto,
Ontario, Canada
| $151K | -$50.2K | -2,000 | -25% |
|
6
BlackRock
New York
| $101K | – | – | – |
|
|
TRCT
7
Tower Research Capital (TRC)
New York
| – | -$12K | -500 | Closed |
|
BMN Hedge Fund Activity: Q1 2023 in Review
6 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q1 2023, worth a combined $8.7M — up 110% from $4.15M a quarter earlier.
Fund positioning in BMN was balanced in Q1 2023: 1 fund opened new positions, 1 closed out, 3 added to existing stakes and 1 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.55M. The largest seller was Royal Bank of Canada, cutting an estimated $50.2K.
- 6 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $8.7M of BlackRock 2037 Municipal Target Term Trust stock for Q1 2023, up 110% quarter-over-quarter.
- 1 fund opened new BlackRock 2037 Municipal Target Term Trust positions in Q1 2023 and 1 closed out, a net change of 0 holders.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q1 2023 was Morgan Stanley, an estimated $3.55M added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q1 2023 was Royal Bank of Canada, an estimated $50.2K sold.
Based on aggregated 13F filings for Q1 2023.