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BlackRock 2037 Municipal Target Term Trust
BMN

11 hedge funds and large institutions have $9.96M invested in BlackRock 2037 Municipal Target Term Trust in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 1

57% more funds holding

Funds holding: 7 → 11 (+4)

11% more capital invested

Capital invested by funds: $9M → $9.96M (+$961K)

1.4% more ownership

Funds ownership: 6.74% → 8.14% (+1.4%)

Holders
11
Holders Change
+4
Holders Change %
+57.14%
% of All Funds
0.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
5
Reduced
1
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$701K
2
Bank of America
Bank of America
North Carolina
+$274K
3
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$261K
4
VF
Virtu Financial
New York
+$240K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$199K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$150K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$6.34M +$701K +28,888 +12%
UBS Group
2
UBS Group
Switzerland
$1.2M -$150K -6,180 -11%
Bank of America
3
Bank of America
North Carolina
$588K +$274K +11,293 +78%
Wells Fargo
4
Wells Fargo
California
$416K +$39.9K +1,646 +10%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$378K +$199K +8,200 +98%
Wealth Enhancement Advisory Services
6
Wealth Enhancement Advisory Services
Minnesota
$244K +$261K +10,743 New
HighTower Advisors
7
HighTower Advisors
Illinois
$239K +$12.1K +500 +5%
VF
8
Virtu Financial
New York
$225K +$240K +9,896 New
Comerica Bank
9
Comerica Bank
Texas
$137K +$146K +6,000 New
VEA
10
Virtus ETF Advisers
New York
$102K +$109K +4,479 New
BlackRock
11
BlackRock
New York
$91K – – –

BMN Hedge Fund Activity: Q3 2023 in Review

11 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q3 2023, worth a combined $9.96M — up 11% from $9M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new BMN positions and 0 closed out — a net gain of 4 holders — while 5 added to existing stakes and 1 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $701K. The largest seller was UBS Group, cutting an estimated $150K.

  • 11 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q3 2023, up from 7 in Q2 2023.
  • Funds reported $9.96M of BlackRock 2037 Municipal Target Term Trust stock for Q3 2023, up 11% quarter-over-quarter.
  • 4 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q3 2023 and 0 closed out, a net change of +4 holders.
  • The largest BlackRock 2037 Municipal Target Term Trust buyer in Q3 2023 was Morgan Stanley, an estimated $701K added.
  • The largest BlackRock 2037 Municipal Target Term Trust seller in Q3 2023 was UBS Group, an estimated $150K sold.

Based on aggregated 13F filings for Q3 2023.