BlackRock Science and Technology Term Trust
BSTZ
47 hedge funds and large institutions have $249M invested in BlackRock Science and Technology Term Trust in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 7 reducing their positions, and 8 closing their positions.
157% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 7
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
73% more capital invested
Capital invested by funds: $145M → $249M (+$105M)
18% more funds holding
Funds holding: 40 → 47 (+7)
2.53% more ownership
Funds ownership: 11.55% → 14.08% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.3M |
| 3 |
Cohen & Steers
New York
|
+$4.66M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.8M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.83M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$1.3M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$402K |
| 4 |
WIA
Wealthstreet Investment Advisors
Dallas,
Texas
|
-$188K |
| 5 |
GBT
Grove Bank & Trust
Miami,
Florida
|
-$167K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HR
51
Howe & Rusling
Rochester,
New York
| – | -$68K | -4,098 | Closed |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$13K | -776 | Closed |
|
|
GRP
53
Global Retirement Partners
San Rafael,
California
| – | -$13K | -750 | Closed |
|
|
NFG
54
Next Financial Group
Houston,
Texas
| – | -$11K | -640 | Closed |
|
BSTZ Hedge Fund Activity: Q2 2020 in Review
47 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Science and Technology Term Trust (BSTZ) for Q2 2020, worth a combined $249M — up 73% from $145M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BSTZ positions and 8 closed out — a net gain of 7 holders — while 18 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $24.3M. The largest seller was Karpus Investment Management, cutting an estimated $5.83M.
- 47 institutional investors held BlackRock Science and Technology Term Trust (BSTZ) as of Q2 2020, up from 40 in Q1 2020.
- Funds reported $249M of BlackRock Science and Technology Term Trust stock for Q2 2020, up 73% quarter-over-quarter.
- 15 funds opened new BlackRock Science and Technology Term Trust positions in Q2 2020 and 8 closed out, a net change of +7 holders.
- The largest BlackRock Science and Technology Term Trust buyer in Q2 2020 was Morgan Stanley, an estimated $24.3M added.
- The largest BlackRock Science and Technology Term Trust seller in Q2 2020 was Karpus Investment Management, an estimated $5.83M sold.
Based on aggregated 13F filings for Q2 2020.