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BlackRock Municipal 2030 Target Term Trust
BTT

64 hedge funds and large institutions have $198M invested in BlackRock Municipal 2030 Target Term Trust in 2014 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

280% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 5

136% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 11

105% more call options, than puts

Call options by funds: $41K | Put options by funds: $20K

25% more funds holding

Funds holding: 51 → 64 (+13)

21% more capital invested

Capital invested by funds: $164M → $198M (+$34.1M)

2.28% more ownership

Funds ownership: 11.69% → 13.98% (+2.3%)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
64
Holders Change
+13
Holders Change %
+25.49%
% of All Funds
1.71%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
19
Increased
26
Reduced
11
Closed
5
Calls
$41K
Puts
$20K
Net Calls
+$21K
Net Calls Change
+$45K

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$10.7M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$6.53M
3
RCM
Rivernorth Capital Management
Florida
+$1.99M
4
PRCM
Pine River Capital Management
Minnesota
+$1.24M
5
SG Americas Securities
SG Americas Securities
New York
+$1.11M

Top Sellers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.16M
2
Geode Capital Management
Geode Capital Management
Massachusetts
-$566K
3
NCM
Newgate Capital Management
Connecticut
-$528K
4
Citigroup
Citigroup
New York
-$239K
5
BIM
BlackRock Investment Management
Delaware
-$199K
Name Holding Trade Value Shares
Change 		Change in
Stake
PRCM
26
Pine River Capital Management
Minnesota
$1.24M +$1.24M +61,900 New
UR
27
USCA RIA
Texas
$1.23M +$434K +21,622 +54%
CAS
28
CTC Alternative Strategies
Illinois
$1.14M +$50.2K +2,500 +5%
SG Americas Securities
29
SG Americas Securities
New York
$1.11M +$1.11M +55,482 New
PA
30
Pinnacle Associates
New York
$977K – – –
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$950K -$13.7K -684 -1%
HighTower Advisors
32
HighTower Advisors
Illinois
$819K +$355K +17,671 +76%
OFG
33
OTA Financial Group
New York
$787K +$787K +39,184 New
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$658K – – –
First Trust Advisors
35
First Trust Advisors
Illinois
$657K -$12.6K -625 -2%
WS
36
Wedbush Securities
California
$462K +$29K +1,443 +7%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$449K +$449K +22,346 New
SAM
38
Shamrock Asset Management
Texas
$443K +$365K +18,180 +469%
AL
39
Aspiriant LLC
California
$402K +$402K +20,000 New
CCM
40
Coe Capital Management
Illinois
$402K +$402K +20,000 New
V
41
Veritable
Delaware
$400K -$22.8K -1,136 -5%
ACI
42
AMP Capital Investors
Australia
$391K -$121K -6,000 -24%
GCP
43
GSA Capital Partners
United Kingdom
$344K +$343K +17,100 New
DD
44
Dominick & Dominick
New York
$327K +$1.97K +98 +0.6%
CHC
45
City Holding Co
West Virginia
$291K – – –
EAM
46
Evanson Asset Management
California
$273K +$273K +13,580 New
EWM
47
Edge Wealth Management
New York
$226K +$69.1K +3,443 +44%
Goldman Sachs
48
Goldman Sachs
New York
$211K +$211K +10,519 New
ICAS
49
Investors Capital Advisory Services
Massachusetts
$209K +$209K +10,413 New
Deutsche Bank
50
Deutsche Bank
Germany
$109K +$68.3K +3,400 +166%
1
2
3

BTT Hedge Fund Activity: Q4 2014 in Review

64 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2014, worth a combined $198M — up 21% from $164M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BTT positions and 5 closed out — a net gain of 14 holders — while 26 added to existing stakes and 11 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $10.7M. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $1.16M sold.

  • 64 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2014, up from 51 in Q3 2014.
  • Funds reported $198M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2014, up 21% quarter-over-quarter.
  • 19 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2014 and 5 closed out, a net change of +14 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2014 was Karpus Investment Management, an estimated $10.7M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2014 was Thomas J. Herzfeld Advisors, an estimated $1.16M sold.

Based on aggregated 13F filings for Q4 2014.