BlackRock 2037 Municipal Target Term Trust
BMN
19 hedge funds and large institutions have $31.2M invested in BlackRock 2037 Municipal Target Term Trust in 2024 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 3 reducing their positions, and 5 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 3
1% more capital invested
Capital invested by funds: $31M → $31.2M (+$204K)
0.55% less ownership
Funds ownership: 20.43% → 19.87% (-0.55%)
10% less funds holding
Funds holding: 21 → 19 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.18M |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
+$850K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$714K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$524K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.29M |
| 2 |
E3F
Eight 31 Financial
Midland,
Texas
|
-$1.68M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$413K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$370K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$202K |
BMN Hedge Fund Activity: Q3 2024 in Review
19 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q3 2024, worth a combined $31.2M — up 0.66% from $31M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BMN and 3 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 9 added.
The largest buyer was Morgan Stanley, adding an estimated $1.18M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.29M sold.
- 19 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q3 2024, down from 21 in Q2 2024.
- Funds reported $31.2M of BlackRock 2037 Municipal Target Term Trust stock for Q3 2024, up 0.66% quarter-over-quarter.
- 3 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q3 2024 and 5 closed out, a net change of -2 holders.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q3 2024 was Morgan Stanley, an estimated $1.18M added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q3 2024 was Rivernorth Capital Management, an estimated $2.29M sold.
Based on aggregated 13F filings for Q3 2024.