BlackRock Municipal 2030 Target Term Trust
59 hedge funds and large institutions have $204M invested in BlackRock Municipal 2030 Target Term Trust in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
13% more capital invested
Capital invested by funds: $180M → $204M (+$23.9M)
11% more funds holding
Funds holding: 53 → 59 (+6)
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
0.87% more ownership
Funds ownership: 12.53% → 13.4% (+0.87%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.99M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.71M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.84M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.44M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.29M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.12M |
| 4 |
Morgan Stanley
New York
|
-$446K |
| 5 |
JP Morgan Chase
New York
|
-$270K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
51
First Horizon Advisors
Memphis,
Tennessee
| $43K | – | – | – |
|
|
AIG
52
American International Group
New York
| $32K | – | – | – |
|
|
BKA
53
Brick & Kyle Associates
Newtown,
Pennsylvania
| $24K | -$15.5K | -740 | -40% |
|
|
IA
54
IFP Advisors
Tampa,
Florida
| $24K | +$23.1K | +1,107 | New |
|
55
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $12K | -$35.1K | -1,681 | -75% |
|
|
LTFS
56
Ladenburg Thalmann Financial Services
Miami,
Florida
| $11K | -$59.9K | -2,867 | -84% |
|
|
VIA
57
Vantage Investment Advisors
State College,
Pennsylvania
| $3K | +$3.2K | +153 | New |
|
|
WS
58
Wedbush Securities
Los Angeles,
California
| – | -$206K | -10,127 | Closed |
|
|
BIM
59
BlackRock Investment Management
Wilmington,
Delaware
| – | -$62.7K | -2,999 | -100% |
|
|
HCM
60
Horrell Capital Management
Little Rock,
Arkansas
| – | -$40K | -1,940 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$12K | -600 | Closed |
|
BTT Hedge Fund Activity: Q4 2015 in Review
59 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2015, worth a combined $204M — up 13% from $180M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BTT positions and 3 closed out — a net gain of 6 holders — while 22 added to existing stakes and 20 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.99M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.44M.
- 59 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2015, up from 53 in Q3 2015.
- Funds reported $204M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2015, up 13% quarter-over-quarter.
- 9 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2015 and 3 closed out, a net change of +6 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2015 was LPL Financial, an estimated $2.99M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2015 was Rivernorth Capital Management, an estimated $2.44M sold.
Based on aggregated 13F filings for Q4 2015.