BlackRock Municipal 2030 Target Term Trust
52 hedge funds and large institutions have $200M invested in BlackRock Municipal 2030 Target Term Trust in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 11 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $204M → $200M (-$3.73M)
1.03% less ownership
Funds ownership: 13.4% → 12.38% (-1%)
12% less funds holding
Funds holding: 59 → 52 (-7)
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.47M |
| 2 |
Morgan Stanley
New York
|
+$1.85M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.23M |
| 4 |
VanEck Associates
New York
|
+$990K |
| 5 |
Citigroup
New York
|
+$942K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
-$11.3M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.04M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.58M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.77M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
51
IFP Advisors
Tampa,
Florida
| $11K | -$13.3K | -600 | -54% |
|
|
OHA
52
Oak Hill Advisors
New York
| – | -$11.3M | -522,559 | Closed |
|
|
KIM
53
Karpus Investment Management
Pittsford,
New York
| – | -$4.04M | -187,060 | Closed |
|
|
CRC
54
Curi RMB Capital
Chicago,
Illinois
| – | -$2.58M | -119,472 | Closed |
|
|
AA
55
AQR Arbitrage
Greenwich,
Connecticut
| – | -$1.77M | -82,057 | Closed |
|
|
RCM
56
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.6M | -74,349 | Closed |
|
|
HCM
57
Harvey Capital Management
Palm Beach,
Florida
| – | -$1.5M | -69,500 | Closed |
|
58
Squarepoint
New York
| – | -$511K | -23,700 | Closed |
|
|
VKH
59
Virtu KCG Holdings
New York
| – | -$414K | -19,178 | Closed |
|
|
OFG
60
OTA Financial Group
Purchase,
New York
| – | -$225K | -11,060 | Closed |
|
|
VIA
61
Vantage Investment Advisors
State College,
Pennsylvania
| – | -$3K | -153 | Closed |
|
BTT Hedge Fund Activity: Q1 2016 in Review
52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2016, worth a combined $200M — down 1.8% from $204M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BTT and 4 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 24 added.
The largest buyer was Wells Fargo, adding an estimated $3.47M. The largest seller was Oak Hill Advisors, exiting entirely with an estimated $11.3M sold.
- 52 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2016, down from 59 in Q4 2015.
- Funds reported $200M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2016, down 1.8% quarter-over-quarter.
- 4 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2016 and 11 closed out, a net change of -7 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2016 was Wells Fargo, an estimated $3.47M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2016 was Oak Hill Advisors, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2016.