BlackRock Municipal 2030 Target Term Trust
120 hedge funds and large institutions have $341M invested in BlackRock Municipal 2030 Target Term Trust in 2022 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 34 increasing their positions, 37 reducing their positions, and 11 closing their positions.
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
19% more capital invested
Capital invested by funds: $287M → $341M (+$53.6M)
12% more funds holding
Funds holding: 107 → 120 (+13)
2.96% more ownership
Funds ownership: 19.8% → 22.76% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$25.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$21.4M |
| 3 |
Cerity Partners
New York
|
+$2.99M |
| 4 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$1.88M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$5.94M |
| 2 |
GP
Geneva Partners
Lake Geneva,
Wisconsin
|
-$2.59M |
| 3 |
SIAP
Sterling Investment Advisors (Pennsylvania)
Berwyn,
Pennsylvania
|
-$938K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$910K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$718K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Comerica Bank
Dallas,
Texas
| – | -$215K | -10,610 | Closed |
|
|
IWP
127
Innova Wealth Partners
Newtown,
Pennsylvania
| – | -$205K | -10,000 | Closed |
|
|
CJL
128
Cyrus J. Lawrence
New York
| – | -$20K | -1,000 | Closed |
|
|
FIA
129
FNY Investment Advisers
New York
| – | -$12K | -600 | Closed |
|
|
HWMA
130
Heritage Wealth Management (Arizona)
Phoenix,
Arizona
| – | -$3K | -155 | Closed |
|
|
TRCT
131
Tower Research Capital (TRC)
New York
| – | +$42 | +2 | New |
|
BTT Hedge Fund Activity: Q4 2022 in Review
120 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2022, worth a combined $341M — up 19% from $287M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new BTT positions and 11 closed out — a net gain of 16 holders — while 34 added to existing stakes and 37 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $25.3M. The largest seller was Bank of America, cutting an estimated $5.94M.
- 120 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2022, up from 107 in Q3 2022.
- Funds reported $341M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2022, up 19% quarter-over-quarter.
- 27 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2022 and 11 closed out, a net change of +16 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2022 was Karpus Investment Management, an estimated $25.3M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2022 was Bank of America, an estimated $5.94M sold.
Based on aggregated 13F filings for Q4 2022.