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BlackRock Municipal 2030 Target Term Trust
BTT

95 hedge funds and large institutions have $261M invested in BlackRock Municipal 2030 Target Term Trust in 2018 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 26 increasing their positions, 32 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

12% more funds holding

Funds holding: 85 → 95 (+10)

6% more capital invested

Capital invested by funds: $245M → $261M (+$15.2M)

3.16% more ownership

Funds ownership: 14.87% → 18.03% (+3.2%)

19% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 32

Holders
95
Holders Change
+10
Holders Change %
+11.76%
% of All Funds
2.12%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
22
Increased
26
Reduced
32
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$23.5M
2
RCM
Rivernorth Capital Management
Florida
+$18.9M
3
Wells Fargo
Wells Fargo
California
+$15.9M
4
Stifel Financial
Stifel Financial
Missouri
+$2.13M
5
WAM
Wolverine Asset Management
Illinois
+$1.97M

Top Sellers

Rank Fund Capital Flow
1
V
Veritable
Delaware
-$18.3M
2
UBS Group
UBS Group
Switzerland
-$5.68M
3
Morgan Stanley
Morgan Stanley
New York
-$3.34M
4
Bank of America
Bank of America
North Carolina
-$2.87M
5
FFA
First Foundation Advisors
California
-$1.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
COLIM
26
City of London Investment Management
United Kingdom
$1.53M +$202K +10,000 +15%
HI
27
HBK Investments
Texas
$1.44M +$1.42M +70,359 New
MIG
28
Mariner Investment Group
New York
$1.44M +$1.41M +70,000 New
ASN
29
Advisory Services Network
Georgia
$1.37M -$135K -6,711 -9%
AA
30
AQR Arbitrage
Connecticut
$1.32M +$925K +45,836 +250%
6M
31
6 Meridian
Kansas
$1.27M +$1.25M +62,172 New
First Trust Advisors
32
First Trust Advisors
Illinois
$1.21M -$428K -21,204 -27%
AIM
33
Anchor Investment Management
South Carolina
$1.13M -$230K -11,400 -17%
CCP
34
Cardan Capital Partners
Colorado
$1.04M +$3.71K +184 +0.4%
Baird Financial Group
35
Baird Financial Group
Wisconsin
$1.01M -$443K -21,942 -31%
PA
36
Pinnacle Associates
New York
$1.01M -$10.6K -525 -1%
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$936K +$921K +45,636 New
CPIG
38
Chicago Partners Investment Group
Illinois
$873K +$29.1K +1,444 +4%
HK
39
Horizon Kinetics
New York
$835K – – –
FIMG
40
Financial & Investment Management Group
Michigan
$808K +$795K +39,412 New
JCM
41
Jacobi Capital Management
Pennsylvania
$802K +$2.12K +105 +0.3%
AG
42
Advisor Group
Arizona
$798K -$142K -7,051 -15%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$779K -$189K -9,366 -20%
SPIA
44
Steward Partners Investment Advisory
New York
$774K -$66.8K -3,309 -8%
HCM
45
Harvey Capital Management
Florida
$758K -$182K -9,000 -20%
Citigroup
46
Citigroup
New York
$730K -$265K -13,124 -27%
CAM
47
Covenant Asset Management
New Jersey
$727K – – –
WAM
48
Weiss Asset Management
Massachusetts
$713K +$701K +34,767 New
DWM
49
Dakota Wealth Management
Florida
$655K +$636K +31,500 New
SP
50
Successful Portfolios
Florida
$611K +$62.5K +3,100 +12%
1
2
3 4 5

BTT Hedge Fund Activity: Q4 2018 in Review

95 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2018, worth a combined $261M — up 6.2% from $245M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BTT positions and 11 closed out — a net gain of 11 holders — while 26 added to existing stakes and 32 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $23.5M. The largest seller was Veritable, cutting an estimated $18.3M.

  • 95 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2018, up from 85 in Q3 2018.
  • Funds reported $261M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2018, up 6.2% quarter-over-quarter.
  • 22 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2018 and 11 closed out, a net change of +11 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2018 was Karpus Investment Management, an estimated $23.5M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2018 was Veritable, an estimated $18.3M sold.

Based on aggregated 13F filings for Q4 2018.