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BlackRock Municipal 2030 Target Term Trust
BTT

120 hedge funds and large institutions have $341M invested in BlackRock Municipal 2030 Target Term Trust in 2022 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 34 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 11

19% more capital invested

Capital invested by funds: $287M → $341M (+$53.6M)

12% more funds holding

Funds holding: 107 → 120 (+13)

2.96% more ownership

Funds ownership: 19.8% → 22.76% (+3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 37

Holders
120
Holders Change
+13
Holders Change %
+12.15%
% of All Funds
1.93%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
34
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$25.3M
2
RCM
Rivernorth Capital Management
Florida
+$21.4M
3
Cerity Partners
Cerity Partners
New York
+$2.99M
4
MFG
Merit Financial Group
Georgia
+$1.88M
5
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.8M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$5.94M
2
GP
Geneva Partners
Wisconsin
-$2.59M
3
SIAP
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
-$938K
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$910K
5
Stifel Financial
Stifel Financial
Missouri
-$718K
Name Holding Trade Value Shares
Change 		Change in
Stake
CFGSD
76
Compass Financial Group (South Dakota)
South Dakota
$280K +$277K +13,149 New
HKAM
77
Horizon Kinetics Asset Management
New York
$276K – – –
AA
78
AQR Arbitrage
Connecticut
$259K +$256K +12,160 New
VF
79
Virtu Financial
New York
$257K +$254K +12,077 New
PSCM
80
Per Stirling Capital Management
Texas
$246K +$243K +11,554 New
LWM
81
Laidlaw Wealth Management
New York
$245K – – –
SWIG
82
Strategic Wealth Investment Group
Kentucky
$244K +$505 +24 +0.2%
WSTAM
83
Wilbanks Smith & Thomas Asset Management
Virginia
$234K – – –
EH
84
Equitable Holdings
New York
$233K +$230K +10,945 New
WS
85
Wedbush Securities
California
$231K +$15.1K +716 +7%
WWM
86
Western Wealth Management
Colorado
$230K -$227K -10,795 -50%
KPWS
87
Kestra Private Wealth Services
Texas
$227K -$52.4K -2,491 -19%
HIA
88
Harbor Investment Advisory
Maryland
$226K – – –
SWP
89
Stratos Wealth Partners
Ohio
$226K +$223K +10,605 New
MFG
90
Magnus Financial Group
New York
$217K -$42.1K -2,000 -16%
Wells Fargo
91
Wells Fargo
California
$213K +$42 +2 +0%
PNC Financial Services Group
92
PNC Financial Services Group
Pennsylvania
$211K +$202K +9,614 +3,152%
AFG
93
Alterity Financial Group
Maine
$207K -$21.6K -1,027 -10%
ABLA
94
Alan B. Lancz & Associates
Ohio
$171K – – –
CSPIA
95
Cary Street Partners Investment Advisory
Virginia
$164K +$162K +7,714 New
BI
96
Bramshill Investments
Florida
$144K -$14K -665 -9%
Bessemer Group
97
Bessemer Group
New Jersey
$130K – – –
TIM
98
Tortoise Investment Management
New York
$121K – – –
CT
99
Colonial Trust
South Carolina
$106K +$105K +5,000 New
PA
100
Parallel Advisors
California
$99.1K +$1.01K +48 +1%
2 3
4
5 6

BTT Hedge Fund Activity: Q4 2022 in Review

120 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2022, worth a combined $341M — up 19% from $287M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new BTT positions and 11 closed out — a net gain of 16 holders — while 34 added to existing stakes and 37 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $25.3M. The largest seller was Bank of America, cutting an estimated $5.94M.

  • 120 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2022, up from 107 in Q3 2022.
  • Funds reported $341M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2022, up 19% quarter-over-quarter.
  • 27 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2022 and 11 closed out, a net change of +16 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2022 was Karpus Investment Management, an estimated $25.3M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2022 was Bank of America, an estimated $5.94M sold.

Based on aggregated 13F filings for Q4 2022.