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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
CT
101
Colonial Trust
South Carolina
$97K – – –
HNB
102
Huntington National Bank
Ohio
$93.8K – – –
PA
103
Parallel Advisors
California
$92.1K +$696 +34 +0.7%
BI
104
Bramshill Investments
Florida
$61.2K -$30.6K -1,495 -32%
MA
105
Montag & Associates
Georgia
$42.8K – – –
NA
106
NewEdge Advisors
Louisiana
$25.5K -$716 -35 -3%
KFI
107
Key Financial Inc
Pennsylvania
$22.6K – – –
Fifth Third Bancorp
108
Fifth Third Bancorp
Ohio
$14.6K – – –
MHR
109
Matthew Hamilton Rosenberg
$14.6K – – –
FIA
110
FNY Investment Advisers
New York
$11K – – –
Wells Fargo
111
Wells Fargo
California
$10.9K – – –
BONH
112
Bank of New Hampshire
New Hampshire
$9.71K – – –
JP Morgan Chase
113
JP Morgan Chase
New York
$175 – – –
V
114
Veritable
Delaware
– -$4.83M -232,375 Closed
Cohen & Steers
115
Cohen & Steers
New York
– -$1.55M -74,595 Closed
ACMA
116
Arbor Capital Management (Alaska)
Alaska
– -$1.5M -71,793 Closed
Susquehanna International Group
117
Susquehanna International Group
Pennsylvania
– -$428K -20,598 Closed
HCM
118
Harvey Capital Management
Florida
– -$407K -19,600 Closed
Envestnet Asset Management
119
Envestnet Asset Management
Illinois
– -$327K -15,751 Closed
SF
120
Synovus Financial
Georgia
– -$255K -12,290 Closed
LWM
121
Laidlaw Wealth Management
New York
– -$239K -11,520 Closed
XF
122
XML Financial
Maryland
– -$229K -11,033 Closed
EH
123
Equitable Holdings
New York
– -$204K -9,805 Closed
MWM
124
Melfa Wealth Management
Massachusetts
– -$202K -9,734 Closed
MCI
125
MRP Capital Investments
Georgia
– -$145K -7,000 Closed
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.