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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
TCA
76
Transcend Capital Advisors
New Jersey
$309K -$40.9K -2,000 -11%
TS
77
Tamar Securities
California
$306K -$14.1K -691 -4%
IC
78
IEQ Capital
California
$292K +$308K +15,041 New
PTC
79
Private Trust Company
Ohio
$291K +$307K +15,000 New
AWM
80
Avior Wealth Management
Nebraska
$290K -$76.1K -3,717 -20%
US Bancorp
81
US Bancorp
Minnesota
$287K – – –
Creative Planning
82
Creative Planning
Kansas
$285K – – –
CAN
83
Cetera Advisor Networks
California
$285K +$47K +2,298 +19%
First Trust Advisors
84
First Trust Advisors
Illinois
$274K -$66.8K -3,265 -19%
Cambridge Investment Research Advisors
85
Cambridge Investment Research Advisors
Iowa
$274K -$66.4K -3,246 -19%
KAS
86
Kestra Advisory Services
Texas
$263K +$266 +13 +0.1%
WAM
87
Wolverine Asset Management
Illinois
$260K +$232K +11,319 +551%
CAPTRUST Financial Advisors
88
CAPTRUST Financial Advisors
North Carolina
$258K – – –
CFGSD
89
Compass Financial Group (South Dakota)
South Dakota
$255K +$41 +2 +0%
SWP
90
Stratos Wealth Partners
Ohio
$255K +$46.1K +2,250 +21%
SWM
91
Seed Wealth Management
Illinois
$255K +$269K +13,150 New
HKAM
92
Horizon Kinetics Asset Management
New York
$251K – – –
CPIG
93
Chicago Partners Investment Group
Illinois
$233K -$233K -11,396 -49%
TIM
94
Tortoise Investment Management
New York
$227K +$92.1K +4,500 +63%
SWIG
95
Strategic Wealth Investment Group
Kentucky
$213K – – –
WWM
96
Western Wealth Management
Colorado
$210K – – –
HIA
97
Harbor Investment Advisory
Maryland
$206K – – –
HighTower Advisors
98
HighTower Advisors
Illinois
$201K +$389 +19 +0.2%
Bessemer Group
99
Bessemer Group
New Jersey
$119K – – –
CSPIA
100
Cary Street Partners Investment Advisory
Virginia
$115K -$36.8K -1,800 -23%
2 3
4
5 6

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.