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BlackRock Municipal 2030 Target Term Trust
BTT

139 hedge funds and large institutions have $570M invested in BlackRock Municipal 2030 Target Term Trust in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 48 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

8% more funds holding

Funds holding: 129 → 139 (+10)

2.84% more ownership

Funds ownership: 35.68% → 38.52% (+2.8%)

3% more capital invested

Capital invested by funds: $551M → $570M (+$19M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

8% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 48

Holders
139
Holders Change
+10
Holders Change %
+7.75%
% of All Funds
1.82%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
17
Increased
44
Reduced
48
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$39.9M
2
KIM
Karpus Investment Management
New York
+$18.2M
3
Pathstone Holdings
Pathstone Holdings
New Jersey
+$3.08M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$3.02M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
+$1.75M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$18.3M
2
MSL
Mackay Shields LLC
New York
-$3.2M
3
UBS Group
UBS Group
Switzerland
-$1.22M
4
ST
Sentinel Trust
Texas
-$957K
5
LPL Financial
LPL Financial
California
-$821K
Name Holding Trade Value Shares
Change 		Change in
Stake
Raymond James Financial
26
Raymond James Financial
Florida
$3.07M -$72K -3,235 -2%
ECM
27
Elgethun Capital Management
South Dakota
$2.99M +$3.67K +165 +0.1%
DWM
28
Dakota Wealth Management
Florida
$2.92M +$919K +41,300 +46%
MWM
29
Maltin Wealth Management
New Jersey
$2.91M -$4.43K -199 -0.2%
Rockefeller Capital Management
30
Rockefeller Capital Management
New York
$2.79M -$34.1K -1,532 -1%
HC
31
Hara Capital
Washington
$2.71M +$6.67K +300 +0.2%
SA
32
Scarborough Advisors
Maryland
$2.65M – – –
EIA
33
Eldridge Investment Advisors
New Hampshire
$2.44M +$12.3K +555 +0.5%
SPIA
34
Steward Partners Investment Advisory
New York
$2.41M -$94.9K -4,268 -4%
WW
35
Waterfront Wealth
Kansas
$2.36M -$68K -3,057 -3%
AWA
36
Amplius Wealth Advisors
Pennsylvania
$2.35M -$3.25K -146 -0.1%
MC
37
Matisse Capital
Oregon
$2.26M – – –
Ameriprise
38
Ameriprise
Minnesota
$2.13M +$149K +6,681 +8%
PAS
39
Park Avenue Securities
New York
$2.13M -$462K -20,785 -18%
WKWM
40
Walter & Keenan Wealth Management
Indiana
$1.92M -$165K -7,412 -8%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$1.85M +$25.3K +1,138 +1%
GP
42
Gridiron Partners
Pennsylvania
$1.74M +$39.9M +1,793,110 +2,364%
IC
43
IEQ Capital
California
$1.66M -$123K -5,527 -7%
AIM
44
Anchor Investment Management
South Carolina
$1.56M -$17.3K -780 -1%
Wealth Enhancement Advisory Services
45
Wealth Enhancement Advisory Services
Minnesota
$1.56M -$120K -5,387 -7%
Baird Financial Group
46
Baird Financial Group
Wisconsin
$1.4M +$31.9K +1,435 +2%
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$1.37M +$109K +4,915 +9%
SWM
48
Seed Wealth Management
Illinois
$1.34M – – –
SCM
49
Saba Capital Management
New York
$1.2M -$18.3M -823,604 -94%
PA
50
Pinnacle Associates
New York
$1.17M -$72.3K -3,252 -6%
1
2
3 4 5

BTT Hedge Fund Activity: Q3 2025 in Review

139 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2025, worth a combined $570M — up 3.4% from $551M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BTT positions and 6 closed out — a net gain of 11 holders — while 44 added to existing stakes and 48 trimmed.

The largest buyer was Gridiron Partners, adding an estimated $39.9M. The largest seller was Saba Capital Management, cutting an estimated $18.3M.

  • 139 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2025, up from 129 in Q2 2025.
  • Funds reported $570M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2025, up 3.4% quarter-over-quarter.
  • 17 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2025 and 6 closed out, a net change of +11 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2025 was Gridiron Partners, an estimated $39.9M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2025 was Saba Capital Management, an estimated $18.3M sold.

Based on aggregated 13F filings for Q3 2025.