BlackRock Municipal 2030 Target Term Trust
32 hedge funds and large institutions have $61.7M invested in BlackRock Municipal 2030 Target Term Trust in 2013 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
28% more funds holding
Funds holding: 25 → 32 (+7)
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
23% more capital invested
Capital invested by funds: $50.3M → $61.7M (+$11.4M)
1.16% more ownership
Funds ownership: 3.66% → 4.82% (+1.2%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $116K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$13.4M |
| 2 |
LFR
Lehman Financial Resources
Media,
Pennsylvania
|
+$2.95M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$543K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$492K |
| 5 |
Morgan Stanley
New York
|
+$373K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$1.12M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$972K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$817K |
| 4 |
LPL Financial
San Diego,
California
|
-$707K |
| 5 |
Jane Street
New York
|
-$537K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TF
26
Tompkins Financial
Ithaca,
New York
| $18K | – | – | – |
|
|
FHA
27
First Horizon Advisors
Memphis,
Tennessee
| $18K | +$18.2K | +1,000 | New |
|
|
HCM
28
Highlander Capital Management
Short Hills,
New Jersey
| $15.3K | +$15.3K | +840 | New |
|
|
MFS
29
MSI Financial Services
Springfield,
Massachusetts
| $11K | +$11.5K | +633 | New |
|
|
ECM
30
Exchange Capital Management
Ann Arbor,
Michigan
| $9K | – | – | – |
|
31
Group One Trading
Chicago,
Illinois
| $7K | +$7.27K | +400 | New |
|
32
Jones Financial Companies
Des Peres,
Missouri
| $4K | +$3.84K | +211 | New |
|
|
33
Nomura Holdings
Tokyo,
Japan
| – | -$1.12M | -57,781 | Closed |
|
|
RCM
34
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$817K | -41,950 | Closed |
|
35
Barclays
London,
United Kingdom
| – | -$58K | -3,000 | Closed |
|
|
BIM
36
BlackRock Investment Management
Wilmington,
Delaware
| – | -$8K | -400 | Closed |
|
BTT Hedge Fund Activity: Q3 2013 in Review
32 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2013, worth a combined $61.7M — up 23% from $50.3M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BTT positions and 4 closed out — a net gain of 8 holders — while 10 added to existing stakes and 8 trimmed.
The largest buyer was UBS, adding an estimated $13.4M. The largest seller was Nomura Holdings, exiting entirely with an estimated $1.12M sold.
- 32 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2013, up from 25 in Q2 2013.
- Funds reported $61.7M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2013, up 23% quarter-over-quarter.
- 12 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2013 and 4 closed out, a net change of +8 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2013 was UBS, an estimated $13.4M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2013 was Nomura Holdings, an estimated $1.12M sold.
Based on aggregated 13F filings for Q3 2013.