BlackRock Municipal 2030 Target Term Trust
53 hedge funds and large institutions have $180M invested in BlackRock Municipal 2030 Target Term Trust in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 7 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.04% less ownership
Funds ownership: 13.57% → 12.53% (-1%)
4% less funds holding
Funds holding: 55 → 53 (-2)
7% less capital invested
Capital invested by funds: $194M → $180M (-$13.8M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.21M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$744K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$646K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$449K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$309K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.34M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.67M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$2.77M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.68M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$664K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| $31K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $12K | – | – | – |
|
|
FIMG
53
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$2.77M | -136,925 | Closed |
|
54
Comerica Bank
Dallas,
Texas
| – | -$506K | -25,000 | Closed |
|
|
ST
55
Sentinel Trust
Houston,
Texas
| – | -$387K | -19,116 | Closed |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$363K | -17,909 | Closed |
|
57
Citadel Advisors
Miami,
Florida
| – | -$226K | -11,143 | Closed |
|
|
NFG
58
Next Financial Group
Houston,
Texas
| – | -$40K | -2,000 | Closed |
|
59
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$22K | -1,102 | Closed |
|
BTT Hedge Fund Activity: Q3 2015 in Review
53 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2015, worth a combined $180M — down 7.1% from $194M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BTT and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 23 added.
The largest buyer was Wells Fargo, adding an estimated $3.21M. The largest seller was Rivernorth Capital Management, cutting an estimated $9.34M.
- 53 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2015, down from 55 in Q2 2015.
- Funds reported $180M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2015, down 7.1% quarter-over-quarter.
- 6 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2015 and 7 closed out, a net change of -1 holder.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2015 was Wells Fargo, an estimated $3.21M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2015 was Rivernorth Capital Management, an estimated $9.34M sold.
Based on aggregated 13F filings for Q3 2015.