BlackRock 2037 Municipal Target Term Trust
BMN
21 hedge funds and large institutions have $31M invested in BlackRock 2037 Municipal Target Term Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 2 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
21% more capital invested
Capital invested by funds: $25.6M → $31M (+$5.41M)
17% more funds holding
Funds holding: 18 → 21 (+3)
0.68% more ownership
Funds ownership: 19.75% → 20.43% (+0.68%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2M |
| 2 |
E3F
Eight 31 Financial
Midland,
Texas
|
+$1.66M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.43M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$485K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$355K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.77M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$344K |
| 3 |
VanEck Associates
New York
|
-$162K |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$145K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$796 |
BMN Hedge Fund Activity: Q2 2024 in Review
21 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q2 2024, worth a combined $31M — up 21% from $25.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BMN positions and 2 closed out — a net gain of 3 holders — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.77M.
- 21 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q2 2024, up from 18 in Q1 2024.
- Funds reported $31M of BlackRock 2037 Municipal Target Term Trust stock for Q2 2024, up 21% quarter-over-quarter.
- 5 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q2 2024 and 2 closed out, a net change of +3 holders.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q2 2024 was Morgan Stanley, an estimated $2M added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q2 2024 was Rivernorth Capital Management, an estimated $1.77M sold.
Based on aggregated 13F filings for Q2 2024.