BlackRock 2037 Municipal Target Term Trust
BMN
17 hedge funds and large institutions have $20.4M invested in BlackRock 2037 Municipal Target Term Trust in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 4 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
105% more capital invested
Capital invested by funds: $9.96M → $20.4M (+$10.5M)
55% more funds holding
Funds holding: 11 → 17 (+6)
7.82% more ownership
Funds ownership: 8.14% → 15.95% (+7.8%)
0% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.71M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.96M |
| 3 |
Morgan Stanley
New York
|
+$1.95M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$966K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$619K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$355K |
| 2 |
VF
Virtu Financial
New York
|
-$225K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$69.8K |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$28K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$11.6K |
BMN Hedge Fund Activity: Q4 2023 in Review
17 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q4 2023, worth a combined $20.4M — up 105% from $9.96M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BMN positions and 1 closed out — a net gain of 6 holders — while 4 added to existing stakes and 4 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.71M. The largest seller was UBS Group, cutting an estimated $355K.
- 17 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q4 2023, up from 11 in Q3 2023.
- Funds reported $20.4M of BlackRock 2037 Municipal Target Term Trust stock for Q4 2023, up 105% quarter-over-quarter.
- 7 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q4 2023 and 1 closed out, a net change of +6 holders.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q4 2023 was Rivernorth Capital Management, an estimated $3.71M added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q4 2023 was UBS Group, an estimated $355K sold.
Based on aggregated 13F filings for Q4 2023.