BlackRock 2037 Municipal Target Term Trust
BMN
18 hedge funds and large institutions have $25.6M invested in BlackRock 2037 Municipal Target Term Trust in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
25% more capital invested
Capital invested by funds: $20.4M → $25.6M (+$5.2M)
6% more funds holding
Funds holding: 17 → 18 (+1)
3.8% more ownership
Funds ownership: 15.95% → 19.75% (+3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.27M |
| 2 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
+$1.76M |
| 3 |
VanEck Associates
New York
|
+$909K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$136K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$130K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$454K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$326K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$300K |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$214K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$137K |
BMN Hedge Fund Activity: Q1 2024 in Review
18 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q1 2024, worth a combined $25.6M — up 25% from $20.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new BMN positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.27M. The largest seller was Citadel Advisors, exiting entirely with an estimated $454K sold.
- 18 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q1 2024, up from 17 in Q4 2023.
- Funds reported $25.6M of BlackRock 2037 Municipal Target Term Trust stock for Q1 2024, up 25% quarter-over-quarter.
- 3 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q1 2024 and 2 closed out, a net change of +1 holder.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q1 2024 was Morgan Stanley, an estimated $3.27M added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q1 2024 was Citadel Advisors, an estimated $454K sold.
Based on aggregated 13F filings for Q1 2024.