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BlackRock Municipal 2030 Target Term Trust
BTT

105 hedge funds and large institutions have $351M invested in BlackRock Municipal 2030 Target Term Trust in 2020 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $295M → $351M (+$56.5M)

13% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 31

2.53% more ownership

Funds ownership: 18.43% → 20.96% (+2.5%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 14

1% less funds holding

Funds holding: 106 → 105 (-1)

Holders
105
Holders Change
-1
Holders Change %
-0.94%
% of All Funds
2.15%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
14
Increased
35
Reduced
31
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$29.2M
2
RCM
Rivernorth Capital Management
Florida
+$4.89M
3
MMA
Miracle Mile Advisors
California
+$4.85M
4
WKWM
Walter & Keenan Wealth Management
Indiana
+$3.97M
5
SIAP
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
+$1.59M

Top Sellers

Rank Fund Capital Flow
1
G
GenTrust
Florida
-$2.42M
2
RVPG
Relative Value Partners Group
-$1.72M
3
AA
AQR Arbitrage
Connecticut
-$1.43M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.2M
5
6M
6 Meridian
Kansas
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
SP
51
Successful Portfolios
Florida
$635K -$69.1K -3,000 -10%
DAC
52
Dividend Assets Capital
South Carolina
$632K +$92.2K +4,000 +18%
HighTower Advisors
53
HighTower Advisors
Illinois
$553K -$71.5K -3,102 -12%
ST
54
Sentinel Trust
Texas
$542K – – –
HKAM
55
Horizon Kinetics Asset Management
New York
$524K -$430K -18,680 -46%
TS
56
Tamar Securities
California
$506K +$490K +21,279 New
CAM
57
Covenant Asset Management
New Jersey
$498K – – –
BCM
58
Breiter Capital Management
Florida
$494K – – –
WAP
59
Wealthcare Advisory Partners
Pennsylvania
$490K +$10.2K +444 +2%
US Bancorp
60
US Bancorp
Minnesota
$460K -$46.1K -2,000 -9%
SFWA
61
Summit Financial Wealth Advisors
Louisiana
$456K – – –
AWA
62
Arete Wealth Advisors
Illinois
$449K +$184K +8,000 +73%
Creative Planning
63
Creative Planning
Kansas
$422K -$28.8K -1,250 -7%
IWP
64
Icon Wealth Partners
Texas
$400K – – –
RVPG
65
Relative Value Partners Group
$387K -$1.72M -74,482 -82%
COLIM
66
City of London Investment Management
United Kingdom
$340K – – –
HIMC
67
Heritage Investors Management Corp
Maryland
$337K +$327K +14,200 New
Cambridge Investment Research Advisors
68
Cambridge Investment Research Advisors
Iowa
$328K +$3.04K +132 +1%
EWM
69
Edge Wealth Management
New York
$322K -$217K -9,400 -41%
GCP
70
Gill Capital Partners
Colorado
$314K +$305K +13,236 New
FM
71
Family Management
New York
$306K -$882K -38,293 -75%
WS
72
Wedbush Securities
California
$303K +$991 +43 +0.3%
Envestnet Asset Management
73
Envestnet Asset Management
Illinois
$280K -$79.6K -3,456 -23%
SCM
74
Schnieders Capital Management
California
$280K – – –
GC
75
Guggenheim Capital
Illinois
$276K -$8.92K -387 -3%
1 2
3
4 5

BTT Hedge Fund Activity: Q2 2020 in Review

105 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q2 2020, worth a combined $351M — up 19% from $295M a quarter earlier.

Fund positioning in BTT was balanced in Q2 2020: 14 funds opened new positions, 14 closed out, 35 added to existing stakes and 31 trimmed.

The largest buyer was BlackRock, adding an estimated $29.2M. The largest seller was GenTrust, cutting an estimated $2.42M.

  • 105 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q2 2020, down from 106 in Q1 2020.
  • Funds reported $351M of BlackRock Municipal 2030 Target Term Trust stock for Q2 2020, up 19% quarter-over-quarter.
  • 14 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q2 2020 and 14 closed out, a net change of 0 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q2 2020 was BlackRock, an estimated $29.2M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q2 2020 was GenTrust, an estimated $2.42M sold.

Based on aggregated 13F filings for Q2 2020.