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BlackRock Municipal 2030 Target Term Trust
BTT

53 hedge funds and large institutions have $180M invested in BlackRock Municipal 2030 Target Term Trust in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 15

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.04% less ownership

Funds ownership: 13.57% → 12.53% (-1%)

4% less funds holding

Funds holding: 55 → 53 (-2)

7% less capital invested

Capital invested by funds: $194M → $180M (-$13.8M)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
53
Holders Change
-2
Holders Change %
-3.64%
% of All Funds
1.48%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
6
Increased
23
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$3.21M
2
UBS Group
UBS Group
Switzerland
+$744K
3
HighTower Advisors
HighTower Advisors
Illinois
+$646K
4
Bank of America
Bank of America
North Carolina
+$449K
5
Stifel Financial
Stifel Financial
Missouri
+$309K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$9.34M
2
KIM
Karpus Investment Management
New York
-$4.67M
3
FIMG
Financial & Investment Management Group
Michigan
-$2.77M
4
AA
AQR Arbitrage
Connecticut
-$1.68M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$664K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$656K -$76.9K -3,751 -10%
JP Morgan Chase
27
JP Morgan Chase
New York
$647K – – –
HighTower Advisors
28
HighTower Advisors
Illinois
$643K +$646K +31,501 New
NPC
29
National Planning Corporation
California
$608K -$23.6K -1,150 -4%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$466K +$92.3K +4,501 +24%
FFA
31
First Foundation Advisors
California
$459K +$99.3K +4,843 +27%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$371K +$67.4K +3,288 +22%
SCM
33
Schnieders Capital Management
California
$355K +$92.3K +4,500 +35%
Stifel Financial
34
Stifel Financial
Missouri
$306K +$309K +15,073 New
VKH
35
Virtu KCG Holdings
New York
$292K +$294K +14,325 New
ICAS
36
Investors Capital Advisory Services
Massachusetts
$234K +$1.76K +86 +0.8%
WS
37
Wedbush Securities
California
$206K -$142K -6,910 -41%
CHC
38
City Holding Co
West Virginia
$204K -$61.5K -3,000 -23%
CPIG
39
Chicago Partners Investment Group
Illinois
$199K +$100K +4,892 +101%
SFWA
40
Summit Financial Wealth Advisors
Louisiana
$193K +$154K +7,500 +375%
MFS
41
MSI Financial Services
Massachusetts
$156K +$17.3K +845 +12%
US Bancorp
42
US Bancorp
Minnesota
$138K +$49.2K +2,400 +55%
ASN
43
Advisory Services Network
Georgia
$102K +$102K +4,993 New
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$69K – – –
BIM
45
BlackRock Investment Management
Delaware
$61K +$61.5K +3,000 New
TIM
46
Tortoise Investment Management
New York
$51K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$46K -$664K -32,404 -93%
FHA
48
First Horizon Advisors
Tennessee
$41K – – –
HCM
49
Horrell Capital Management
Arkansas
$40K – – –
BKA
50
Brick & Kyle Associates
Pennsylvania
$37K +$37.7K +1,840 New
1
2
3

BTT Hedge Fund Activity: Q3 2015 in Review

53 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2015, worth a combined $180M — down 7.1% from $194M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of BTT and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 23 added.

The largest buyer was Wells Fargo, adding an estimated $3.21M. The largest seller was Rivernorth Capital Management, cutting an estimated $9.34M.

  • 53 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2015, down from 55 in Q2 2015.
  • Funds reported $180M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2015, down 7.1% quarter-over-quarter.
  • 6 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2015 and 7 closed out, a net change of -1 holder.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2015 was Wells Fargo, an estimated $3.21M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2015 was Rivernorth Capital Management, an estimated $9.34M sold.

Based on aggregated 13F filings for Q3 2015.