BlackRock 2037 Municipal Target Term Trust
BMN
21 hedge funds and large institutions have $39.8M invested in BlackRock 2037 Municipal Target Term Trust in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
15% more capital invested
Capital invested by funds: $34.7M → $39.8M (+$5.08M)
5% more funds holding
Funds holding: 20 → 21 (+1)
2.2% more ownership
Funds ownership: 22.54% → 24.74% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.77M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$997K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$332K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$287K |
| 5 |
VanEck Associates
New York
|
+$170K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$428K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$37.7K |
| 3 |
WIM
Westside Investment Management
Santa Monica,
California
|
-$33.5K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$19.2K |
| 5 |
Morgan Stanley
New York
|
-$12.2K |
BMN Hedge Fund Activity: Q4 2025 in Review
21 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in BlackRock 2037 Municipal Target Term Trust (BMN) for Q4 2025, worth a combined $39.8M — up 15% from $34.7M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new BMN positions and 1 closed out — a net gain of 1 holder — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Hennion & Walsh Asset Management, opening a new position worth an estimated $1.77M. The largest seller was UBS Group, cutting an estimated $428K.
- 21 institutional investors held BlackRock 2037 Municipal Target Term Trust (BMN) as of Q4 2025, up from 20 in Q3 2025.
- Funds reported $39.8M of BlackRock 2037 Municipal Target Term Trust stock for Q4 2025, up 15% quarter-over-quarter.
- 2 funds opened new BlackRock 2037 Municipal Target Term Trust positions in Q4 2025 and 1 closed out, a net change of +1 holder.
- The largest BlackRock 2037 Municipal Target Term Trust buyer in Q4 2025 was Hennion & Walsh Asset Management, an estimated $1.77M added.
- The largest BlackRock 2037 Municipal Target Term Trust seller in Q4 2025 was UBS Group, an estimated $428K sold.
Based on aggregated 13F filings for Q4 2025.