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BlackRock Municipal 2030 Target Term Trust
BTT

59 hedge funds and large institutions have $204M invested in BlackRock Municipal 2030 Target Term Trust in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

13% more capital invested

Capital invested by funds: $180M → $204M (+$23.9M)

11% more funds holding

Funds holding: 53 → 59 (+6)

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

0.87% more ownership

Funds ownership: 12.53% → 13.4% (+0.87%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
59
Holders Change
+6
Holders Change %
+11.32%
% of All Funds
1.55%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
9
Increased
22
Reduced
20
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$2.99M
2
UBS Group
UBS Group
Switzerland
+$2.71M
3
CRC
Curi RMB Capital
Illinois
+$2.5M
4
Bank of America
Bank of America
North Carolina
+$1.84M
5
Wells Fargo
Wells Fargo
California
+$1.23M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.44M
2
KIM
Karpus Investment Management
New York
-$1.29M
3
AA
AQR Arbitrage
Connecticut
-$1.12M
4
Morgan Stanley
Morgan Stanley
New York
-$446K
5
JP Morgan Chase
JP Morgan Chase
New York
-$270K
Name Holding Trade Value Shares
Change 		Change in
Stake
UR
26
USCA RIA
Texas
$1.03M -$178K -8,500 -15%
FFA
27
First Foundation Advisors
California
$926K +$427K +20,432 +91%
ASN
28
Advisory Services Network
Georgia
$724K +$597K +28,577 +572%
HighTower Advisors
29
HighTower Advisors
Illinois
$700K +$20.5K +979 +3%
NPC
30
National Planning Corporation
California
$647K – – –
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$641K -$159K -7,615 -20%
First Trust Advisors
32
First Trust Advisors
Illinois
$632K -$67K -3,205 -10%
Squarepoint
33
Squarepoint
New York
$511K +$496K +23,700 New
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$494K +$711 +34 +0.1%
RJFSA
35
Raymond James Financial Services Advisors
Florida
$464K +$69.5K +3,325 +18%
VKH
36
Virtu KCG Holdings
New York
$414K +$101K +4,853 +34%
JP Morgan Chase
37
JP Morgan Chase
New York
$406K -$270K -12,908 -41%
SCM
38
Schnieders Capital Management
California
$368K -$7.32K -350 -2%
Stifel Financial
39
Stifel Financial
Missouri
$368K +$39.5K +1,888 +13%
TJHA
40
Thomas J. Herzfeld Advisors
Florida
$363K +$352K +16,828 New
TIM
41
Tortoise Investment Management
New York
$264K +$203K +9,720 +389%
ICAS
42
Investors Capital Advisory Services
Massachusetts
$248K +$167 +8 +0.1%
OFG
43
OTA Financial Group
New York
$225K +$231K +11,060 New
CHC
44
City Holding Co
West Virginia
$217K +$1.5K +72 +0.7%
CPIG
45
Chicago Partners Investment Group
Illinois
$208K -$2.09K -100 -1%
SFWA
46
Summit Financial Wealth Advisors
Louisiana
$205K – – –
MFS
47
MSI Financial Services
Massachusetts
$157K -$7.32K -350 -5%
US Bancorp
48
US Bancorp
Minnesota
$147K – – –
CG
49
Cutler Group
California
$125K +$121K +5,798 New
WAM
50
Wolverine Asset Management
Illinois
$79K +$76.6K +3,666 New
1
2
3

BTT Hedge Fund Activity: Q4 2015 in Review

59 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2015, worth a combined $204M — up 13% from $180M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BTT positions and 3 closed out — a net gain of 6 holders — while 22 added to existing stakes and 20 trimmed.

The largest buyer was LPL Financial, adding an estimated $2.99M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.44M.

  • 59 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2015, up from 53 in Q3 2015.
  • Funds reported $204M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2015, up 13% quarter-over-quarter.
  • 9 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2015 and 3 closed out, a net change of +6 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2015 was LPL Financial, an estimated $2.99M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2015 was Rivernorth Capital Management, an estimated $2.44M sold.

Based on aggregated 13F filings for Q4 2015.