BlackRock Municipal 2030 Target Term Trust
47 hedge funds and large institutions have $135M invested in BlackRock Municipal 2030 Target Term Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 8 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
12% more capital invested
Capital invested by funds: $121M → $135M (+$14M)
0.43% more ownership
Funds ownership: 9% → 9.43% (+0.43%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less funds holding
Funds holding: 51 → 47 (-4)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $20K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
+$3.19M |
| 2 |
Morgan Stanley
New York
|
+$2.32M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.4M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$1.32M |
| 5 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$3.1M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$941K |
| 3 |
MPEM
Marathon Partners Equity Management
New York
|
-$763K |
| 4 |
Group One Trading
Chicago,
Illinois
|
-$691K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$487K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BIM
51
BlackRock Investment Management
Wilmington,
Delaware
| – | -$28K | -1,485 | Closed |
|
52
US Bancorp
Minneapolis,
Minnesota
| – | -$27K | -1,400 | Closed |
|
|
FHA
53
First Horizon Advisors
Memphis,
Tennessee
| – | -$19K | -1,000 | Closed |
|
|
NES
54
New England Securities
New York
| – | -$4K | -205 | Closed |
|
BTT Hedge Fund Activity: Q2 2014 in Review
47 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q2 2014, worth a combined $135M — up 12% from $121M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BTT and 5 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 17 added.
The largest buyer was Oak Hill Advisors, adding an estimated $3.19M. The largest seller was AllianceBernstein, cutting an estimated $3.1M.
- 47 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q2 2014, down from 51 in Q1 2014.
- Funds reported $135M of BlackRock Municipal 2030 Target Term Trust stock for Q2 2014, up 12% quarter-over-quarter.
- 5 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q2 2014 and 8 closed out, a net change of -3 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q2 2014 was Oak Hill Advisors, an estimated $3.19M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q2 2014 was AllianceBernstein, an estimated $3.1M sold.
Based on aggregated 13F filings for Q2 2014.