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BlackRock Municipal 2030 Target Term Trust
BTT

113 hedge funds and large institutions have $354M invested in BlackRock Municipal 2030 Target Term Trust in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 39 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.36% more ownership

Funds ownership: 24.56% → 25.92% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less capital invested

Capital invested by funds: $360M → $354M (-$5.72M)

4% less funds holding

Funds holding: 118 → 113 (-5)

10% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 39

28% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 18

Holders
113
Holders Change
-5
Holders Change %
-4.24%
% of All Funds
1.79%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
13
Increased
35
Reduced
39
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$7.29M
2
RCM
Rivernorth Capital Management
Florida
+$6.37M
3
PFO
Pathstone Family Office
New Jersey
+$4.48M
4
MFG
Merit Financial Group
Georgia
+$4.15M
5
AA
AQR Arbitrage
Connecticut
+$3.69M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.14M
2
Cohen & Steers
Cohen & Steers
New York
-$1.55M
3
ACMA
Arbor Capital Management (Alaska)
Alaska
-$1.5M
4
WCM
WealthBridge Capital Management
Ohio
-$1.37M
5
Bank of America
Bank of America
North Carolina
-$1.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
51
Private Advisor Group
New Jersey
$798K -$26.2K -1,279 -3%
LCM
52
Landscape Capital Management
New Jersey
$785K +$264K +12,875 +47%
TW
53
TrinityPoint Wealth
Connecticut
$683K -$119K -5,805 -14%
AC
54
Almitas Capital
California
$648K +$684K +33,400 New
Carson Wealth (CWM LLC)
55
Carson Wealth (CWM LLC)
Nebraska
$597K +$1.29K +63 +0.2%
JFG
56
Jefferies Financial Group
New York
$582K -$448K -21,911 -42%
VF
57
Virtu Financial
New York
$577K +$609K +29,751 New
PAWA
58
Palo Alto Wealth Advisors
California
$572K -$49.1K -2,400 -8%
GC
59
Guggenheim Capital
Illinois
$553K +$131K +6,385 +29%
Millennium Management
60
Millennium Management
New York
$501K -$9.93K -485 -2%
EWA
61
Encompass Wealth Advisors
Oregon
$474K – – –
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$456K – – –
SP
63
Successful Portfolios
Florida
$439K – – –
SFWA
64
Summit Financial Wealth Advisors
Louisiana
$399K -$20.5K -1,000 -5%
OC
65
Oppenheimer & Co
New York
$391K +$70.6K +3,451 +21%
WPP
66
Whalerock Point Partners
Rhode Island
$388K +$409K +20,000 New
CAM
67
Covenant Asset Management
New Jersey
$378K -$49.1K -2,400 -11%
RJT
68
Raymond James Trust
Florida
$377K – – –
MFG
69
Magnus Financial Group
New York
$360K +$287 +14 +0.1%
Osaic Holdings
70
Osaic Holdings
Arizona
$353K -$177K -8,667 -32%
JIC
71
Joel Isaacson & Co
New York
$351K – – –
WAP
72
Wealthcare Advisory Partners
Pennsylvania
$348K -$11.1K -544 -3%
Comerica Bank
73
Comerica Bank
Texas
$345K +$364K +17,782 New
IWP
74
Icon Wealth Partners
Texas
$327K – – –
CAM
75
Cresset Asset Management
Illinois
$326K -$1.15K -56 -0.3%
1 2
3
4 5

BTT Hedge Fund Activity: Q3 2023 in Review

113 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2023, worth a combined $354M — down 1.6% from $360M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BTT and 13 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 35 added.

The largest buyer was Karpus Investment Management, adding an estimated $7.29M. The largest seller was Morgan Stanley, cutting an estimated $5.14M.

  • 113 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2023, down from 118 in Q2 2023.
  • Funds reported $354M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2023, down 1.6% quarter-over-quarter.
  • 13 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2023 and 18 closed out, a net change of -5 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2023 was Karpus Investment Management, an estimated $7.29M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2023 was Morgan Stanley, an estimated $5.14M sold.

Based on aggregated 13F filings for Q3 2023.