BlackRock 2037 Municipal Target Term Trust
BMN
20 hedge funds and large institutions have $34.7M invested in BlackRock 2037 Municipal Target Term Trust in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
11% more funds holding
Funds holding: 18 → 20 (+2)
1% more capital invested
Capital invested by funds: $34.5M → $34.7M (+$211K)
0.28% less ownership
Funds ownership: 22.81% → 22.54% (-0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$468K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$430K |
| 3 |
Morgan Stanley
New York
|
+$390K |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$284K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$202K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
-$1.81M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$734K |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
-$87.5K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$57.5K |
| 5 |
JCM
Jacobi Capital Management
Pittston,
Pennsylvania
|
-$49.3K |
BMN Hedge Fund Activity: Q3 2025 in Review
20 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q3 2025, worth a combined $34.7M — up 0.61% from $34.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BMN positions and 2 closed out — a net gain of 2 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Narwhal Capital Management, opening a new position worth an estimated $468K. The largest seller was Retirement Planning Group (Kansas), exiting entirely with an estimated $1.81M sold.
- 20 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q3 2025, up from 18 in Q2 2025.
- Funds reported $34.7M of BlackRock 2037 Municipal Target Term Trust stock for Q3 2025, up 0.61% quarter-over-quarter.
- 4 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q3 2025 and 2 closed out, a net change of +2 holders.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q3 2025 was Narwhal Capital Management, an estimated $468K added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q3 2025 was Retirement Planning Group (Kansas), an estimated $1.81M sold.
Based on aggregated 13F filings for Q3 2025.