The BlackRock Strategic Municipal Trust
BSD
BSD was delisted on the 9th of April, 2021.
22 hedge funds and large institutions have $7.8M invested in The BlackRock Strategic Municipal Trust in 2017 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 4 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
8% less funds holding
Funds holding: 24 → 22 (-2)
9% less capital invested
Capital invested by funds: $8.56M → $7.8M (-$762K)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$953K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$270K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$44.3K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$31.2K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$27.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.43M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$368K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$153K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$56.9K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$26K |
BSD Hedge Fund Activity: Q1 2017 in Review
22 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in The BlackRock Strategic Municipal Trust (BSD) for Q1 2017, worth a combined $7.8M — down 8.9% from $8.56M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BSD and 2 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was Laurion Capital Management, adding an estimated $953K. The largest seller was Advisors Asset Management, cutting an estimated $1.43M.
- 22 institutional investors held The BlackRock Strategic Municipal Trust (BSD) as of Q1 2017, down from 24 in Q4 2016.
- Funds reported $7.8M of The BlackRock Strategic Municipal Trust stock for Q1 2017, down 8.9% quarter-over-quarter.
- 2 funds opened new The BlackRock Strategic Municipal Trust positions in Q1 2017 and 4 closed out, a net change of -2 holders.
- The largest The BlackRock Strategic Municipal Trust buyer in Q1 2017 was Laurion Capital Management, an estimated $953K added.
- The largest The BlackRock Strategic Municipal Trust seller in Q1 2017 was Advisors Asset Management, an estimated $1.43M sold.
Based on aggregated 13F filings for Q1 2017.