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BlackRock Municipal 2030 Target Term Trust
BTT

130 hedge funds and large institutions have $530M invested in BlackRock Municipal 2030 Target Term Trust in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 49 increasing their positions, 42 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

17% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 42

6% more capital invested

Capital invested by funds: $497M → $530M (+$32.3M)

1.21% more ownership

Funds ownership: 36.82% → 38.02% (+1.2%)

6% less funds holding

Funds holding: 138 → 130 (-8)

50% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 14

Holders
130
Holders Change
-8
Holders Change %
-5.8%
% of All Funds
1.74%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
7
Increased
49
Reduced
42
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$14.5M
2
TIM
Tortoise Investment Management
New York
+$6.08M
3
SCM
Saba Capital Management
New York
+$5.55M
4
KIM
Karpus Investment Management
New York
+$4.22M
5
MSL
Mackay Shields LLC
New York
+$3.43M

Top Sellers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
-$8.66M
2
HC
Hara Capital
Washington
-$2.63M
3
VanEck Associates
VanEck Associates
New York
-$2.19M
4
Cerity Partners
Cerity Partners
New York
-$2.07M
5
NMC
Nine Masts Capital
Hong Kong
-$1.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$3.25M -$1.14M -54,148 -26%
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$3.05M +$47.8K +2,262 +2%
Cerity Partners
28
Cerity Partners
New York
$3.05M -$2.07M -97,836 -41%
Raymond James Financial
29
Raymond James Financial
Florida
$2.93M -$242K -11,437 -8%
ECM
30
Elgethun Capital Management
South Dakota
$2.8M -$17.7K -837 -0.6%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$2.68M +$545K +25,775 +26%
SA
32
Scarborough Advisors
Maryland
$2.49M +$24.4K +1,154 +1%
SPIA
33
Steward Partners Investment Advisory
New York
$2.43M -$317K -14,992 -12%
MWM
34
Maltin Wealth Management
New Jersey
$2.41M +$258K +12,219 +12%
WW
35
Waterfront Wealth
Kansas
$2.38M -$103K -4,873 -4%
EIA
36
Eldridge Investment Advisors
New Hampshire
$2.33M +$145K +6,867 +7%
AAM
37
Advisors Asset Management
Colorado
$2.32M -$728K -34,424 -24%
AWA
38
Amplius Wealth Advisors
Pennsylvania
$2.23M -$58.7K -2,777 -3%
WKWM
39
Walter & Keenan Wealth Management
Indiana
$2.2M -$217K -10,283 -9%
MC
40
Matisse Capital
Oregon
$2.14M – – –
HC
41
Hara Capital
Washington
$2.07M -$2.63M -124,572 -56%
PAS
42
Park Avenue Securities
New York
$2.03M +$342K +16,168 +20%
Ameriprise
43
Ameriprise
Minnesota
$1.92M +$35.6K +1,682 +2%
DWM
44
Dakota Wealth Management
Florida
$1.74M +$235K +11,100 +16%
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$1.65M -$588K -27,794 -26%
GP
46
Gridiron Partners
Pennsylvania
$1.61M – – –
WAM
47
Wolverine Asset Management
Illinois
$1.5M +$277K +13,081 +23%
Wealth Enhancement Advisory Services
48
Wealth Enhancement Advisory Services
Minnesota
$1.5M +$29.6K +1,400 +2%
AIM
49
Anchor Investment Management
South Carolina
$1.44M +$296 +14 +0%
SWM
50
Seed Wealth Management
Illinois
$1.33M – – –
1
2
3 4 5

BTT Hedge Fund Activity: Q1 2025 in Review

130 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2025, worth a combined $530M — up 6.5% from $497M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BTT and 7 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 49 added.

The largest buyer was Pathstone Holdings, adding an estimated $14.5M. The largest seller was Logan Stone Capital, cutting an estimated $8.66M.

  • 130 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2025, down from 138 in Q4 2024.
  • Funds reported $530M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2025, up 6.5% quarter-over-quarter.
  • 7 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2025 and 14 closed out, a net change of -7 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2025 was Pathstone Holdings, an estimated $14.5M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2025 was Logan Stone Capital, an estimated $8.66M sold.

Based on aggregated 13F filings for Q1 2025.