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BlackRock Municipal 2030 Target Term Trust
BTT

95 hedge funds and large institutions have $271M invested in BlackRock Municipal 2030 Target Term Trust in 2019 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 16 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

131% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 16

14% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 14

4% more capital invested

Capital invested by funds: $261M → $271M (+$10.2M)

0% more funds holding

Funds holding: 95 → 95 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.81% less ownership

Funds ownership: 18.03% → 17.22% (-0.81%)

Holders
95
Holders Change
–
Holders Change %
0%
% of All Funds
2.06%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
16
Increased
37
Reduced
16
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCA
Biltmore Capital Advisors
New Jersey
+$10.7M
2
Wells Fargo
Wells Fargo
California
+$2.7M
3
Bank of America
Bank of America
North Carolina
+$2.26M
4
FFA
First Foundation Advisors
California
+$1.04M
5
PPA
Parametric Portfolio Associates
Washington
+$535K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$13M
2
CRC
Curi RMB Capital
Illinois
-$2.93M
3
LCM
Landscape Capital Management
New Jersey
-$2.48M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.4M
5
KIM
Karpus Investment Management
New York
-$2.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIG
26
Mariner Investment Group
New York
$1.56M – – –
FFA
27
First Foundation Advisors
California
$1.54M +$1.04M +47,532 +219%
ASN
28
Advisory Services Network
Georgia
$1.48M +$764 +35 +0.1%
First Trust Advisors
29
First Trust Advisors
Illinois
$1.43M +$120K +5,496 +9%
AIM
30
Anchor Investment Management
South Carolina
$1.24M +$17.5K +800 +1%
CCP
31
Cardan Capital Partners
Colorado
$1.14M +$4.8K +220 +0.4%
Baird Financial Group
32
Baird Financial Group
Wisconsin
$1.13M +$36.9K +1,691 +3%
PA
33
Pinnacle Associates
New York
$1.09M +$393 +18 +0%
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$1.01M – – –
SPIA
35
Steward Partners Investment Advisory
New York
$933K +$92K +4,213 +11%
JCM
36
Jacobi Capital Management
Pennsylvania
$927K +$56.6K +2,592 +7%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$914K +$67.5K +3,093 +8%
HKAM
38
Horizon Kinetics Asset Management
New York
$906K +$889K +40,730 New
AG
39
Advisor Group
Arizona
$865K – – –
HCM
40
Harvey Capital Management
Florida
$822K – – –
CPIG
41
Chicago Partners Investment Group
Illinois
$783K -$120K -5,510 -14%
DWM
42
Dakota Wealth Management
Florida
$700K – – –
CAM
43
Covenant Asset Management
New Jersey
$681K -$767K -35,115 Closed
SP
44
Successful Portfolios
Florida
$651K -$10.9K -500 -2%
Citigroup
45
Citigroup
New York
$640K -$149K -6,836 -19%
HighTower Advisors
46
HighTower Advisors
Illinois
$628K +$27.4K +1,255 +5%
EWM
47
Edge Wealth Management
New York
$535K – – –
UR
48
USCA RIA
Texas
$497K – – –
Janney Montgomery Scott
49
Janney Montgomery Scott
Pennsylvania
$492K +$203K +9,284 +72%
SWP
50
Stratos Wealth Partners
Ohio
$474K – – –
1
2
3 4 5

BTT Hedge Fund Activity: Q1 2019 in Review

95 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2019, worth a combined $271M — up 3.9% from $261M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BTT positions and 14 closed out — a net gain of 2 holders — while 37 added to existing stakes and 16 trimmed.

The largest buyer was Biltmore Capital Advisors, opening a new position worth an estimated $10.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $13M.

  • 95 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2019, unchanged from Q4 2018.
  • Funds reported $271M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2019, up 3.9% quarter-over-quarter.
  • 16 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2019 and 14 closed out, a net change of +2 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2019 was Biltmore Capital Advisors, an estimated $10.7M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2019 was Rivernorth Capital Management, an estimated $13M sold.

Based on aggregated 13F filings for Q1 2019.