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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
M&T Bank
76
M&T Bank
New York
$272K – – –
MML Investors Services
77
MML Investors Services
Massachusetts
$255K +$247K +10,740 New
TW
78
TrinityPoint Wealth
Connecticut
$253K +$245K +10,629 New
HIA
79
Harbor Investment Advisory
Maryland
$252K – – –
1SB
80
1ST Source Bank
Indiana
$242K – – –
CRWM
81
Castle Rock Wealth Management
California
$230K – – –
Mercer Global Advisors
82
Mercer Global Advisors
Colorado
$219K -$79.6K -3,456 -27%
FAM
83
Formidable Asset Management
Ohio
$203K -$173K -7,500 -47%
TIM
84
Tortoise Investment Management
New York
$203K – – –
Carson Wealth (CWM LLC)
85
Carson Wealth (CWM LLC)
Nebraska
$202K – – –
EP
86
Eudaimonia Partners
Tennessee
$198K -$4.29K -186 -2%
RIM
87
Rockbridge Investment Management
New York
$131K +$127K +5,530 New
KPW
88
Kore Private Wealth
New York
$127K +$44.9K +1,950 +57%
SSW
89
Smith Shellnut Wilson
Mississippi
$119K – – –
EW
90
Evoke Wealth
California
$95K – – –
Northwestern Mutual Wealth Management
91
Northwestern Mutual Wealth Management
Wisconsin
$80K -$8.02K -348 -9%
APA
92
American Portfolios Advisors
New York
$76K – – –
GWM
93
Geneos Wealth Management
Colorado
$60K +$392 +17 +0.7%
CHC
94
City Holding Co
West Virginia
$53K – – –
CCM
95
Covington Capital Management
California
$53K – – –
APWM
96
Atlas Private Wealth Management
New York
$30K – – –
IRC
97
Investors Research Corp
Georgia
$24K – – –
LF
98
Lee Financial
Texas
$24K – – –
Fidelity Investments
99
Fidelity Investments
Massachusetts
$23K +$21.9K +951 New
ANBT
100
American National Bank & Trust
Texas
$19K – – –
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.