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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$701K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$274K |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$261K |
| 4 |
VF
Virtu Financial
New York
|
+$240K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$199K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$150K |
BMN Hedge Fund Activity: Q3 2023 in Review
11 of the 6,310 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.