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BlackRock Municipal 2030 Target Term Trust
BTT

100 hedge funds and large institutions have $262M invested in BlackRock Municipal 2030 Target Term Trust in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 21

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

2% more funds holding

Funds holding: 98 → 100 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.66% less ownership

Funds ownership: 16.85% → 16.19% (-0.66%)

4% less capital invested

Capital invested by funds: $274M → $262M (-$12.1M)

Holders
100
Holders Change
+2
Holders Change %
+2.04%
% of All Funds
2.19%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
11
Increased
40
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.36M
2
Morgan Stanley
Morgan Stanley
New York
+$1.54M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.02M
4
FFA
First Foundation Advisors
California
+$904K
5
NCM
Narwhal Capital Management
Georgia
+$596K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$18.1M
2
Wells Fargo
Wells Fargo
California
-$2.34M
3
UBS Group
UBS Group
Switzerland
-$2.16M
4
MIG
Mariner Investment Group
New York
-$1.19M
5
Bank of America
Bank of America
North Carolina
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$1.52M +$501K +21,232 +49%
First Trust Advisors
27
First Trust Advisors
Illinois
$1.42M -$111K -4,712 -7%
SPIA
28
Steward Partners Investment Advisory
New York
$1.36M +$114K +4,846 +9%
AIM
29
Anchor Investment Management
South Carolina
$1.3M +$20.1K +850 +2%
Baird Financial Group
30
Baird Financial Group
Wisconsin
$1.29M +$63.3K +2,681 +5%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$1.28M +$343K +14,522 +37%
CCP
32
Cardan Capital Partners
Colorado
$1.22M +$5.27K +223 +0.4%
PA
33
Pinnacle Associates
New York
$1.12M -$54.5K -2,308 -5%
LA
34
LexAurum Advisors
Kansas
$1.09M +$140K +5,922 +15%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$1.02M +$1.02M +43,191 New
AG
36
Advisor Group
Arizona
$1.02M +$96.9K +4,102 +11%
JCM
37
Jacobi Capital Management
Pennsylvania
$990K +$2.01K +85 +0.2%
HKAM
38
Horizon Kinetics Asset Management
New York
$964K – – –
HCM
39
Harvey Capital Management
Florida
$875K – – –
FM
40
Family Management
New York
$868K +$154K +6,536 +22%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$827K +$272K +11,505 +49%
Citigroup
42
Citigroup
New York
$812K +$50K +2,117 +7%
CPIG
43
Chicago Partners Investment Group
Illinois
$754K -$87.2K -3,692 -10%
LPL Financial
44
LPL Financial
California
$727K +$112K +4,725 +18%
SP
45
Successful Portfolios
Florida
$693K – – –
PAG
46
Private Advisor Group
New Jersey
$677K +$42.5K +1,798 +7%
HighTower Advisors
47
HighTower Advisors
Illinois
$633K +$1.3K +55 +0.2%
WAP
48
Wealthcare Advisory Partners
Pennsylvania
$584K +$287K +12,139 +97%
UR
49
USCA RIA
Texas
$576K +$47.2K +2,000 +9%
EWM
50
Edge Wealth Management
New York
$563K – – –
1
2
3 4 5

BTT Hedge Fund Activity: Q3 2019 in Review

100 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2019, worth a combined $262M — down 4.4% from $274M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BTT positions and 9 closed out — a net gain of 2 holders — while 40 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.36M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $18.1M sold.

  • 100 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2019, up from 98 in Q2 2019.
  • Funds reported $262M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2019, down 4.4% quarter-over-quarter.
  • 11 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2019 and 9 closed out, a net change of +2 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2019 was Rivernorth Capital Management, an estimated $6.36M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2019 was Karpus Investment Management, an estimated $18.1M sold.

Based on aggregated 13F filings for Q3 2019.