BlackRock Municipal 2030 Target Term Trust
51 hedge funds and large institutions have $164M invested in BlackRock Municipal 2030 Target Term Trust in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 9 reducing their positions, and 6 closing their positions.
189% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 9
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
21% more capital invested
Capital invested by funds: $135M → $164M (+$28.7M)
9% more funds holding
Funds holding: 47 → 51 (+4)
2.26% more ownership
Funds ownership: 9.43% → 11.69% (+2.3%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $24K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$5.59M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.75M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.68M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$3.47M |
| 5 |
Morgan Stanley
New York
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$2.79M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.24M |
| 3 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$1.18M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.06M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$225K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
51
Exchange Capital Management
Ann Arbor,
Michigan
| $10K | – | – | – |
|
|
MWM
52
Merriman Wealth Management
Seattle,
Washington
| – | -$1.18M | -60,111 | Closed |
|
|
SFS
53
Shaker Financial Services
Arlington,
Virginia
| – | -$215K | -10,600 | Closed |
|
54
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$204K | -10,057 | Closed |
|
|
BRWA
55
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$81.2K | -4,000 | Closed |
|
56
Creative Planning
Overland Park,
Kansas
| – | -$28K | -1,400 | Closed |
|
BTT Hedge Fund Activity: Q3 2014 in Review
51 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2014, worth a combined $164M — up 21% from $135M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BTT positions and 6 closed out — a net gain of 4 holders — while 26 added to existing stakes and 9 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $5.59M. The largest seller was UBS, cutting an estimated $2.79M.
- 51 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2014, up from 47 in Q2 2014.
- Funds reported $164M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2014, up 21% quarter-over-quarter.
- 10 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2014 and 6 closed out, a net change of +4 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2014 was AllianceBernstein, an estimated $5.59M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2014 was UBS, an estimated $2.79M sold.
Based on aggregated 13F filings for Q3 2014.