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BlackRock Municipal 2030 Target Term Trust
BTT

100 hedge funds and large institutions have $262M invested in BlackRock Municipal 2030 Target Term Trust in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 21

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

2% more funds holding

Funds holding: 98 → 100 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.66% less ownership

Funds ownership: 16.85% → 16.19% (-0.66%)

4% less capital invested

Capital invested by funds: $274M → $262M (-$12.1M)

Holders
100
Holders Change
+2
Holders Change %
+2.04%
% of All Funds
2.19%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
11
Increased
40
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.36M
2
Morgan Stanley
Morgan Stanley
New York
+$1.54M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.02M
4
FFA
First Foundation Advisors
California
+$904K
5
NCM
Narwhal Capital Management
Georgia
+$596K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$18.1M
2
Wells Fargo
Wells Fargo
California
-$2.34M
3
UBS Group
UBS Group
Switzerland
-$2.16M
4
MIG
Mariner Investment Group
New York
-$1.19M
5
Bank of America
Bank of America
North Carolina
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
LFAS
76
Level Four Advisory Services
Texas
$200K +$199K +8,442 New
FIA
77
FNY Investment Advisers
New York
$186K +$178K +7,558 +2,333%
APA
78
American Portfolios Advisors
New York
$99.4K – – –
UBS AM
79
UBS AM
Illinois
$98.2K – – –
EW
80
Evoke Wealth
California
$94.9K +$94.5K +4,000 New
CHC
81
City Holding Co
West Virginia
$83K -$11.9K -503 -12%
FMII
82
Farmers & Merchants Investments Inc
Nebraska
$67K – – –
RFM
83
Royal Fund Management
Florida
$54K – – –
CCM
84
Covington Capital Management
California
$53K – – –
WWM
85
Willingdon Wealth Management
North Carolina
$50K +$472 +20 +1%
PCM
86
Princeton Capital Management
New Jersey
$35K – – –
WAM
87
Wolverine Asset Management
Illinois
$31K -$162K -6,872 -84%
MIM
88
Macroview Investment Management
Maryland
$25K -$1.75K -74 -7%
IRC
89
Investors Research Corp
Georgia
$24K – – –
LF
90
Lee Financial
Texas
$24K – – –
DLG
91
Daniel L. Goodwin
$24K +$23.6K +1,000 New
NFG
92
Next Financial Group
Texas
$23K – – –
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$18K – – –
FHA
94
Flagship Harbor Advisors
Massachusetts
$18K – – –
PNC Financial Services Group
95
PNC Financial Services Group
Pennsylvania
$12K -$527K -22,317 -98%
CFA
96
Carroll Financial Associates
North Carolina
$11K – – –
GWM
97
Geneos Wealth Management
Colorado
$11K – – –
RCM
98
Rivernorth Capital Management
Florida
$8.61K +$6.36M +269,344 +285%
PMFA
99
Plante Moran Financial Advisors
Michigan
$8K – – –
AF
100
Advisornet Financial
Minnesota
$5K +$4.72K +200 New
1 2 3
4
5

BTT Hedge Fund Activity: Q3 2019 in Review

100 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2019, worth a combined $262M — down 4.4% from $274M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BTT positions and 9 closed out — a net gain of 2 holders — while 40 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.36M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $18.1M sold.

  • 100 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2019, up from 98 in Q2 2019.
  • Funds reported $262M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2019, down 4.4% quarter-over-quarter.
  • 11 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2019 and 9 closed out, a net change of +2 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2019 was Rivernorth Capital Management, an estimated $6.36M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2019 was Karpus Investment Management, an estimated $18.1M sold.

Based on aggregated 13F filings for Q3 2019.