BlackRock Municipal 2030 Target Term Trust
95 hedge funds and large institutions have $261M invested in BlackRock Municipal 2030 Target Term Trust in 2018 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 26 increasing their positions, 32 reducing their positions, and 11 closing their positions.
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
12% more funds holding
Funds holding: 85 → 95 (+10)
6% more capital invested
Capital invested by funds: $245M → $261M (+$15.2M)
3.16% more ownership
Funds ownership: 14.87% → 18.03% (+3.2%)
19% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$18.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$15.9M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$2.13M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
V
Veritable
Wilmington,
Delaware
|
-$18.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$5.68M |
| 3 |
Morgan Stanley
New York
|
-$3.34M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.87M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
101
Doliver Advisors
Houston,
Texas
| – | -$300K | -14,490 | Closed |
|
102
Millennium Management
New York
| – | -$234K | -11,300 | Closed |
|
103
Jane Street
New York
| – | -$220K | -10,645 | Closed |
|
|
WSTAM
104
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$145K | -7,000 | Closed |
|
|
FIA
105
FNY Investment Advisers
New York
| – | -$3K | -180 | Closed |
|
BTT Hedge Fund Activity: Q4 2018 in Review
95 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2018, worth a combined $261M — up 6.2% from $245M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BTT positions and 11 closed out — a net gain of 11 holders — while 26 added to existing stakes and 32 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $23.5M. The largest seller was Veritable, cutting an estimated $18.3M.
- 95 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2018, up from 85 in Q3 2018.
- Funds reported $261M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2018, up 6.2% quarter-over-quarter.
- 22 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2018 and 11 closed out, a net change of +11 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2018 was Karpus Investment Management, an estimated $23.5M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2018 was Veritable, an estimated $18.3M sold.
Based on aggregated 13F filings for Q4 2018.