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BlackRock Municipal 2030 Target Term Trust
BTT

62 hedge funds and large institutions have $207M invested in BlackRock Municipal 2030 Target Term Trust in 2016 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 14

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

3% more funds holding

Funds holding: 60 → 62 (+2)

0.12% less ownership

Funds ownership: 12.26% → 12.14% (-0.12%)

1% less capital invested

Capital invested by funds: $209M → $207M (-$1.64M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
11
Increased
28
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$4.03M
2
V
Veritable
Delaware
+$2.64M
3
RJA
Raymond James & Associates
Florida
+$2.05M
4
HCM
Harvey Capital Management
Florida
+$1.64M
5
Bank of America
Bank of America
North Carolina
+$735K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$8.16M
2
Deutsche Bank
Deutsche Bank
Germany
-$2.61M
3
LFR
Lehman Financial Resources
Pennsylvania
-$2.51M
4
Wells Fargo
Wells Fargo
California
-$1.26M
5
RCM
Robinson Capital Management
Michigan
-$780K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$778K +$73.5K +3,058 +11%
GC
27
Guggenheim Capital
Illinois
$709K +$703K +29,227 New
NPC
28
National Planning Corporation
California
$670K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$646K +$88.3K +3,673 +16%
WS
30
Wedbush Securities
California
$582K +$376K +15,655 +187%
BKA
31
Brick & Kyle Associates
Pennsylvania
$542K +$10.4K +432 +2%
JCM
32
Jacobi Capital Management
Pennsylvania
$465K +$3.44K +143 +0.7%
CPIG
33
Chicago Partners Investment Group
Illinois
$421K +$186K +7,745 +81%
JP Morgan Chase
34
JP Morgan Chase
New York
$399K +$9.71K +404 +3%
SCM
35
Schnieders Capital Management
California
$390K – – –
HighTower Advisors
36
HighTower Advisors
Illinois
$371K +$577 +24 +0.2%
Bank of New York Mellon
37
Bank of New York Mellon
New York
$368K +$364K +15,152 New
M&T Bank
38
M&T Bank
New York
$362K +$359K +14,917 New
TIM
39
Tortoise Investment Management
New York
$345K – – –
1SB
40
1ST Source Bank
Indiana
$315K +$313K +13,000 New
CRC
41
Curi RMB Capital
Illinois
$295K -$140K -5,808 -32%
TC
42
Telemus Capital
Michigan
$291K – – –
US Bancorp
43
US Bancorp
Minnesota
$270K +$49.3K +2,050 +23%
SFWA
44
Summit Financial Wealth Advisors
Louisiana
$243K +$12K +500 +5%
BW
45
Bison Wealth
Georgia
$207K +$673 +28 +0.3%
Janney Montgomery Scott
46
Janney Montgomery Scott
Pennsylvania
$203K +$201K +8,376 New
BIM
47
BlackRock Investment Management
Delaware
$194K +$192K +8,000 New
CHC
48
City Holding Co
West Virginia
$154K -$16.8K -700 -10%
Creative Planning
49
Creative Planning
Kansas
$154K +$38.5K +1,600 +34%
CG
50
Cutler Group
California
$140K – – –
1
2
3

BTT Hedge Fund Activity: Q3 2016 in Review

62 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2016, worth a combined $207M — down 0.79% from $209M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BTT positions and 7 closed out — a net gain of 4 holders — while 28 added to existing stakes and 14 trimmed.

The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $4.03M. The largest seller was UBS Group, cutting an estimated $8.16M.

  • 62 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2016, up from 60 in Q2 2016.
  • Funds reported $207M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2016, down 0.79% quarter-over-quarter.
  • 11 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2016 and 7 closed out, a net change of +4 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2016 was Mackay Shields LLC, an estimated $4.03M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2016 was UBS Group, an estimated $8.16M sold.

Based on aggregated 13F filings for Q3 2016.