BlackRock 2037 Municipal Target Term Trust
BMN
7 hedge funds and large institutions have $9M invested in BlackRock 2037 Municipal Target Term Trust in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 0 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
17% more funds holding
Funds holding: 6 → 7 (+1)
3% more capital invested
Capital invested by funds: $8.7M → $9M (+$302K)
0.31% more ownership
Funds ownership: 6.42% → 6.74% (+0.31%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$251K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$122K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$73.3K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$60.2K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$10K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$94.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $6.21M | -$94.6K | -3,774 | -1% |
|
|
2
UBS Group
Zurich,
Switzerland
| $1.46M | +$73.3K | +2,922 | +5% |
|
|
3
Wells Fargo
San Francisco,
California
| $414K | +$122K | +4,854 | +41% |
|
|
4
Bank of America
Charlotte,
North Carolina
| $362K | +$10K | +400 | +3% |
|
|
5
HighTower Advisors
Chicago,
Illinois
| $248K | +$251K | +10,000 | New |
|
|
6
Royal Bank of Canada
Toronto,
Ontario, Canada
| $208K | +$60.2K | +2,400 | +40% |
|
7
BlackRock
New York
| $99.4K | – | – | – |
|
BMN Hedge Fund Activity: Q2 2023 in Review
7 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q2 2023, worth a combined $9M — up 3.5% from $8.7M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new BMN positions and 0 closed out — a net gain of 1 holder — while 4 added to existing stakes and 1 trimmed.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $251K. The largest seller was Morgan Stanley, cutting an estimated $94.6K.
- 7 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q2 2023, up from 6 in Q1 2023.
- Funds reported $9M of BlackRock 2037 Municipal Target Term Trust stock for Q2 2023, up 3.5% quarter-over-quarter.
- 1 fund opened new BlackRock 2037 Municipal Target Term Trust positions in Q2 2023 and 0 closed out, a net change of +1 holder.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q2 2023 was HighTower Advisors, an estimated $251K added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q2 2023 was Morgan Stanley, an estimated $94.6K sold.
Based on aggregated 13F filings for Q2 2023.