BlackRock 2037 Municipal Target Term Trust
BMN
20 hedge funds and large institutions have $35.2M invested in BlackRock 2037 Municipal Target Term Trust in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 0 closing their positions.
11% more funds holding
Funds holding: 18 → 20 (+2)
1.01% more ownership
Funds ownership: 21.57% → 22.58% (+1%)
4% more capital invested
Capital invested by funds: $33.9M → $35.2M (+$1.26M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.83M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.17M |
| 3 |
JCM
Jacobi Capital Management
Pittston,
Pennsylvania
|
+$661K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$54K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.85K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NWMP
Noble Wealth Management PBC
Greenwood Village,
Colorado
|
-$1.12M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$731K |
| 3 |
VanEck Associates
New York
|
-$127K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$102K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$50.1K |
BMN Hedge Fund Activity: Q1 2025 in Review
20 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q1 2025, worth a combined $35.2M — up 3.7% from $33.9M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new BMN positions and 0 closed out — a net gain of 2 holders — while 5 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.83M. The largest seller was Noble Wealth Management PBC, cutting an estimated $1.12M.
- 20 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q1 2025, up from 18 in Q4 2024.
- Funds reported $35.2M of BlackRock 2037 Municipal Target Term Trust stock for Q1 2025, up 3.7% quarter-over-quarter.
- 2 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q1 2025 and 0 closed out, a net change of +2 holders.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q1 2025 was Morgan Stanley, an estimated $1.83M added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q1 2025 was Noble Wealth Management PBC, an estimated $1.12M sold.
Based on aggregated 13F filings for Q1 2025.