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BlackRock Municipal 2030 Target Term Trust
BTT

118 hedge funds and large institutions have $360M invested in BlackRock Municipal 2030 Target Term Trust in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 42 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

3% more funds holding

Funds holding: 115 → 118 (+3)

0.95% more ownership

Funds ownership: 23.61% → 24.56% (+0.95%)

0% less capital invested

Capital invested by funds: $360M → $360M (-$260K)

24% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 42

Holders
118
Holders Change
+3
Holders Change %
+2.61%
% of All Funds
1.85%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
16
Increased
32
Reduced
42
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.85M
2
Morgan Stanley
Morgan Stanley
New York
+$4.95M
3
MFG
Merit Financial Group
Georgia
+$4.21M
4
KIM
Karpus Investment Management
New York
+$2.55M
5
AAM
Advisors Asset Management
Colorado
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.34M
2
XF
XML Financial
Maryland
-$2.25M
3
LSC
Logan Stone Capital
Illinois
-$1.69M
4
CHAM
Clear Harbor Asset Management
Connecticut
-$1.59M
5
WCM
WealthBridge Capital Management
Ohio
-$728K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
76
Envestnet Asset Management
Illinois
$327K -$27.1K -1,287 -8%
US Bancorp
77
US Bancorp
Minnesota
$307K -$20.3K -965 -6%
Creative Planning
78
Creative Planning
Kansas
$305K – – –
KAS
79
Kestra Advisory Services
Texas
$281K +$285K +13,533 New
CAPTRUST Financial Advisors
80
CAPTRUST Financial Advisors
North Carolina
$276K – – –
CFGSD
81
Compass Financial Group (South Dakota)
South Dakota
$273K +$42 +2 +0%
DWM
82
Dakota Wealth Management
Florida
$270K -$59K -2,800 -18%
HKAM
83
Horizon Kinetics Asset Management
New York
$269K – – –
CAN
84
Cetera Advisor Networks
California
$257K -$30.1K -1,428 -10%
SF
85
Synovus Financial
Georgia
$255K – – –
LWM
86
Laidlaw Wealth Management
New York
$239K – – –
XF
87
XML Financial
Maryland
$229K -$2.25M -106,979 -91%
SWIG
88
Strategic Wealth Investment Group
Kentucky
$228K +$231K +10,959 New
SWP
89
Stratos Wealth Partners
Ohio
$227K +$6.32K +300 +3%
WWM
90
Western Wealth Management
Colorado
$224K – – –
HIA
91
Harbor Investment Advisory
Maryland
$221K – – –
HighTower Advisors
92
HighTower Advisors
Illinois
$214K -$88.8K -4,214 -29%
EH
93
Equitable Holdings
New York
$204K -$13.9K -659 -6%
MWM
94
Melfa Wealth Management
Massachusetts
$202K +$10.5K +500 +5%
CSPIA
95
Cary Street Partners Investment Advisory
Virginia
$160K – – –
TIM
96
Tortoise Investment Management
New York
$150K – – –
MCI
97
MRP Capital Investments
Georgia
$145K – – –
Bessemer Group
98
Bessemer Group
New Jersey
$127K – – –
CT
99
Colonial Trust
South Carolina
$104K – – –
HNB
100
Huntington National Bank
Ohio
$100K – – –
2 3
4
5 6

BTT Hedge Fund Activity: Q2 2023 in Review

118 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q2 2023, worth a combined $360M — down 0.07% from $360M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BTT positions and 13 closed out — a net gain of 3 holders — while 32 added to existing stakes and 42 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.85M. The largest seller was Bank of America, cutting an estimated $3.34M.

  • 118 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q2 2023, up from 115 in Q1 2023.
  • Funds reported $360M of BlackRock Municipal 2030 Target Term Trust stock for Q2 2023, down 0.07% quarter-over-quarter.
  • 16 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q2 2023 and 13 closed out, a net change of +3 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q2 2023 was Rivernorth Capital Management, an estimated $7.85M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q2 2023 was Bank of America, an estimated $3.34M sold.

Based on aggregated 13F filings for Q2 2023.