BlackRock Municipal 2030 Target Term Trust
115 hedge funds and large institutions have $360M invested in BlackRock Municipal 2030 Target Term Trust in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 32 reducing their positions, and 14 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 32
6% more capital invested
Capital invested by funds: $341M → $360M (+$19.3M)
0.85% more ownership
Funds ownership: 22.76% → 23.61% (+0.85%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 120 → 115 (-5)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.87M |
| 2 |
Morgan Stanley
New York
|
+$3.7M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.56M |
| 4 |
MGIA
Moneta Group Investment Advisors
St Louis,
Missouri
|
+$1.84M |
| 5 |
VanEck Associates
New York
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.58M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.79M |
| 3 |
XF
XML Financial
Bethesda,
Maryland
|
-$1.47M |
| 4 |
Rockefeller Capital Management
New York
|
-$1.23M |
| 5 |
M&T Bank
Buffalo,
New York
|
-$971K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCC
126
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$11.7K | -549 | Closed |
|
|
FA
127
Fiduciary Alliance
Greenville,
South Carolina
| – | -$4.26K | -200 | Closed |
|
128
Fidelity Investments
Boston,
Massachusetts
| – | -$21 | -1 | Closed |
|
BTT Hedge Fund Activity: Q1 2023 in Review
115 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2023, worth a combined $360M — up 5.7% from $341M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BTT and 12 opened new positions — a net loss of 2 holders — while 32 trimmed existing stakes and 43 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.87M. The largest seller was Bank of America, cutting an estimated $2.58M.
- 115 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2023, down from 120 in Q4 2022.
- Funds reported $360M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2023, up 5.7% quarter-over-quarter.
- 12 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2023 and 14 closed out, a net change of -2 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2023 was Rivernorth Capital Management, an estimated $6.87M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2023 was Bank of America, an estimated $2.58M sold.
Based on aggregated 13F filings for Q1 2023.