BlackRock Municipal 2030 Target Term Trust
51 hedge funds and large institutions have $113M invested in BlackRock Municipal 2030 Target Term Trust in 2013 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 9 closing their positions.
211% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 9
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
83% more capital invested
Capital invested by funds: $61.7M → $113M (+$51.4M)
59% more funds holding
Funds holding: 32 → 51 (+19)
4.57% more ownership
Funds ownership: 4.82% → 9.39% (+4.6%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $110K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.99M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$6.03M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.37M |
| 4 |
Morgan Stanley
New York
|
+$3.92M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$3.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Comerica Bank
Dallas,
Texas
|
-$604K |
| 2 |
Jane Street
New York
|
-$437K |
| 3 |
ST
Semper Trust
King Of Prussia,
Pennsylvania
|
-$327K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$214K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$183K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northern Trust
Chicago,
Illinois
| $2K | +$202K | +11,690 | New |
|
|
52
Comerica Bank
Dallas,
Texas
| – | -$604K | -33,264 | Closed |
|
|
53
Jane Street
New York
| – | -$437K | -24,049 | Closed |
|
|
ST
54
Semper Trust
King Of Prussia,
Pennsylvania
| – | -$327K | -18,000 | Closed |
|
|
GCP
55
GSA Capital Partners
London,
United Kingdom
| – | -$214K | -11,800 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | -$28K | -1,550 | Closed |
|
57
Ameriprise
Minneapolis,
Minnesota
| – | -$19K | -1,040 | Closed |
|
|
TF
58
Tompkins Financial
Ithaca,
New York
| – | -$18K | -1,000 | Closed |
|
|
HCM
59
Highlander Capital Management
Short Hills,
New Jersey
| – | -$15.3K | -840 | Closed |
|
60
Jones Financial Companies
Des Peres,
Missouri
| – | -$4K | -211 | Closed |
|
BTT Hedge Fund Activity: Q4 2013 in Review
51 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2013, worth a combined $113M — up 83% from $61.7M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new BTT positions and 9 closed out — a net gain of 19 holders — while 14 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $8.99M. The largest seller was Comerica Bank, exiting entirely with an estimated $604K sold.
- 51 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2013, up from 32 in Q3 2013.
- Funds reported $113M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2013, up 83% quarter-over-quarter.
- 28 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2013 and 9 closed out, a net change of +19 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2013 was Rivernorth Capital Management, an estimated $8.99M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2013 was Comerica Bank, an estimated $604K sold.
Based on aggregated 13F filings for Q4 2013.