The BlackRock Strategic Municipal Trust
BSD
BSD was delisted on the 9th of April, 2021.
21 hedge funds and large institutions have $6.35M invested in The BlackRock Strategic Municipal Trust in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 3 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
1.62% less ownership
Funds ownership: 7.95% → 6.33% (-1.6%)
5% less funds holding
Funds holding: 22 → 21 (-1)
19% less capital invested
Capital invested by funds: $7.8M → $6.35M (-$1.45M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$425K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$296K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$222K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$42.3K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$38.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.33M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$700K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$268K |
| 4 |
LPL Financial
San Diego,
California
|
-$221K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$65.3K |
BSD Hedge Fund Activity: Q2 2017 in Review
21 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in The BlackRock Strategic Municipal Trust (BSD) for Q2 2017, worth a combined $6.35M — down 19% from $7.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BSD and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 6 added.
The largest buyer was Cohen & Steers, adding an estimated $425K. The largest seller was Laurion Capital Management, cutting an estimated $1.33M.
- 21 institutional investors held The BlackRock Strategic Municipal Trust (BSD) as of Q2 2017, down from 22 in Q1 2017.
- Funds reported $6.35M of The BlackRock Strategic Municipal Trust stock for Q2 2017, down 19% quarter-over-quarter.
- 2 funds opened new The BlackRock Strategic Municipal Trust positions in Q2 2017 and 3 closed out, a net change of -1 holder.
- The largest The BlackRock Strategic Municipal Trust buyer in Q2 2017 was Cohen & Steers, an estimated $425K added.
- The largest The BlackRock Strategic Municipal Trust seller in Q2 2017 was Laurion Capital Management, an estimated $1.33M sold.
Based on aggregated 13F filings for Q2 2017.