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BlackRock Municipal 2030 Target Term Trust
BTT

129 hedge funds and large institutions have $551M invested in BlackRock Municipal 2030 Target Term Trust in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 40 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 40

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

4% more capital invested

Capital invested by funds: $530M → $551M (+$21.1M)

1% less funds holding

Funds holding: 130 → 129 (-1)

2.34% less ownership

Funds ownership: 38.02% → 35.68% (-2.3%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
129
Holders Change
-1
Holders Change %
-0.77%
% of All Funds
1.7%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
13
Increased
44
Reduced
40
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$12.2M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
+$10.2M
3
TIM
Tortoise Investment Management
New York
+$2.19M
4
SCM
Saba Capital Management
New York
+$1.58M
5
UBS Group
UBS Group
Switzerland
+$1.28M

Top Sellers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
-$8.67M
2
RCM
Rivernorth Capital Management
Florida
-$5.65M
3
AA
AQR Arbitrage
Connecticut
-$3.25M
4
COLIM
City of London Investment Management
United Kingdom
-$1.9M
5
Bank of America
Bank of America
North Carolina
-$1.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
XT
101
XTX Topco
Cayman Islands
$244K +$237K +11,146 New
CCWA
102
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$238K – – –
TFCP
103
Twin Focus Capital Partners
Massachusetts
$236K +$25.5K +1,200 +13%
Millennium Management
104
Millennium Management
New York
$235K +$228K +10,742 New
M&T Bank
105
M&T Bank
New York
$235K -$3.06K -144 -1%
QCM
106
Quantinno Capital Management
New York
$230K +$223K +10,500 New
KAS
107
Kestra Advisory Services
Texas
$218K – – –
Mariner
108
Mariner
Kansas
$208K +$202K +9,486 New
GI
109
GAMCO Investors
Connecticut
$207K +$201K +9,450 New
WWM
110
Western Wealth Management
Colorado
$203K +$198K +9,295 New
GSIAS
111
Garden State Investment Advisory Services
New Jersey
$201K +$196K +9,200 New
PCTC
112
Perkins Coie Trust Company
Washington
$163K – – –
Comerica Bank
113
Comerica Bank
Texas
$123K – – –
Bessemer Group
114
Bessemer Group
New Jersey
$111K – – –
CT
115
Colonial Trust
South Carolina
$109K – – –
MCM
116
MAI Capital Management
Ohio
$106K -$32K -1,505 -24%
PA
117
Parallel Advisors
California
$97.4K +$617 +29 +0.7%
RIL
118
Rothschild Investment LLC
Illinois
$87.6K – – –
Osaic Holdings
119
Osaic Holdings
Arizona
$85.7K +$3.27K +154 +4%
CA
120
CoreCap Advisors
Michigan
$43.8K – – –
CFG
121
Chapman Financial Group
Hawaii
$43.8K +$42.5K +2,000 New
WIM
122
Westside Investment Management
California
$40.1K – – –
SWM
123
Spire Wealth Management
Virginia
$30.3K – – –
CWP
124
Clark Wealth Partners
Illinois
$29.1K – – –
MHR
125
Matthew Hamilton Rosenberg
$16.4K – – –
2 3 4
5
6

BTT Hedge Fund Activity: Q2 2025 in Review

129 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q2 2025, worth a combined $551M — up 4% from $530M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BTT positions and 12 closed out — a net gain of 1 holder — while 44 added to existing stakes and 40 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $12.2M. The largest seller was Logan Stone Capital, cutting an estimated $8.67M.

  • 129 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q2 2025, down from 130 in Q1 2025.
  • Funds reported $551M of BlackRock Municipal 2030 Target Term Trust stock for Q2 2025, up 4% quarter-over-quarter.
  • 13 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q2 2025 and 12 closed out, a net change of +1 holder.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q2 2025 was Karpus Investment Management, an estimated $12.2M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q2 2025 was Logan Stone Capital, an estimated $8.67M sold.

Based on aggregated 13F filings for Q2 2025.