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BlackRock Municipal 2030 Target Term Trust
BTT

51 hedge funds and large institutions have $113M invested in BlackRock Municipal 2030 Target Term Trust in 2013 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

211% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 9

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

83% more capital invested

Capital invested by funds: $61.7M → $113M (+$51.4M)

59% more funds holding

Funds holding: 32 → 51 (+19)

4.57% more ownership

Funds ownership: 4.82% → 9.39% (+4.6%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $110K

Holders
51
Holders Change
+19
Holders Change %
+59.38%
% of All Funds
1.48%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.09%
New
28
Increased
14
Reduced
7
Closed
9
Calls
–
Puts
$110K
Net Calls
-$110K
Net Calls Change
+$6K

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$8.99M
2
OHA
Oak Hill Advisors
New York
+$6.03M
3
KIM
Karpus Investment Management
New York
+$5.37M
4
Morgan Stanley
Morgan Stanley
New York
+$3.92M
5
U
UBS
Switzerland
+$3.78M

Top Sellers

Rank Fund Capital Flow
1
Comerica Bank
Comerica Bank
Texas
-$604K
2
Jane Street
Jane Street
New York
-$437K
3
ST
Semper Trust
Pennsylvania
-$327K
4
GCP
GSA Capital Partners
United Kingdom
-$214K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$183K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$715K +$722K +41,757 New
VanEck Associates
27
VanEck Associates
New York
$697K +$139K +8,056 +25%
LCM
28
Landscape Capital Management
New Jersey
$659K +$666K +38,519 New
First Trust Advisors
29
First Trust Advisors
Illinois
$648K -$142K -8,185 -18%
PAIM
30
Punch & Associates Investment Management
Minnesota
$535K +$540K +31,245 New
Deutsche Bank
31
Deutsche Bank
Germany
$475K +$400K +23,150 +503%
MA
32
MUFG Americas
New York
$312K +$315K +18,200 New
VAM
33
Visium Asset Management
New York
$312K +$315K +18,232 New
WS
34
Wedbush Securities
California
$282K -$12.8K -743 -4%
Janney Montgomery Scott
35
Janney Montgomery Scott
Pennsylvania
$281K -$183K -10,603 -39%
DD
36
Dominick & Dominick
New York
$280K +$2.15K +124 +0.8%
CHC
37
City Holding Co
West Virginia
$274K +$277K +16,000 New
ICAS
38
Investors Capital Advisory Services
Massachusetts
$248K -$18.2K -1,050 -7%
CS
39
Credit Suisse
Switzerland
$230K +$232K +13,426 New
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$207K +$25.1K +1,452 +14%
V
41
Veritable
Delaware
$201K +$203K +11,733 New
Group One Trading
42
Group One Trading
Illinois
$104K +$98.6K +5,700 +1,425%
TJHA
43
Thomas J. Herzfeld Advisors
Florida
$64K +$64.9K +3,751 New
PCM
44
Prelude Capital Management
New York
$43K +$43.2K +2,500 New
WA
45
Waverly Advisors
Alabama
$20K +$19.9K +1,150 New
FHA
46
First Horizon Advisors
Tennessee
$17K – – –
M
47
MOTCO
Texas
$10K +$9.86K +570 New
MFS
48
MSI Financial Services
Massachusetts
$9K -$2.11K -122 -19%
ECM
49
Exchange Capital Management
Michigan
$9K – – –
NES
50
New England Securities
New York
$4K -$20.8K -1,200 -85%
1
2
3

BTT Hedge Fund Activity: Q4 2013 in Review

51 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2013, worth a combined $113M — up 83% from $61.7M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new BTT positions and 9 closed out — a net gain of 19 holders — while 14 added to existing stakes and 7 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $8.99M. The largest seller was Comerica Bank, exiting entirely with an estimated $604K sold.

  • 51 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2013, up from 32 in Q3 2013.
  • Funds reported $113M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2013, up 83% quarter-over-quarter.
  • 28 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2013 and 9 closed out, a net change of +19 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2013 was Rivernorth Capital Management, an estimated $8.99M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2013 was Comerica Bank, an estimated $604K sold.

Based on aggregated 13F filings for Q4 2013.