BlackRock Municipal 2030 Target Term Trust
121 hedge funds and large institutions have $407M invested in BlackRock Municipal 2030 Target Term Trust in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 37 increasing their positions, 44 reducing their positions, and 13 closing their positions.
2.9% less ownership
Funds ownership: 30.31% → 27.41% (-2.9%)
3% less funds holding
Funds holding: 125 → 121 (-4)
9% less capital invested
Capital invested by funds: $445M → $407M (-$38M)
16% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 44
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$5.1M |
| 2 |
ST
Sentinel Trust
Houston,
Texas
|
+$2.02M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.15M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$742K |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$700K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$34.1M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$5.36M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.04M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.81M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Cohen & Steers
New York
| – | -$520K | -25,000 | Closed |
|
|
WPP
127
Whalerock Point Partners
Providence,
Rhode Island
| – | -$416K | -20,000 | Closed |
|
|
SWP
128
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$353K | -16,955 | Closed |
|
|
IC
129
IEQ Capital
Foster City,
California
| – | -$316K | -15,189 | Closed |
|
130
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$276K | -13,281 | Closed |
|
|
JWM
131
JGP Wealth Management
Bend,
Oregon
| – | -$271K | -13,023 | Closed |
|
|
HKAM
132
Horizon Kinetics Asset Management
New York
| – | -$269K | -12,950 | Closed |
|
|
CPIG
133
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$222K | -10,595 | Closed |
|
|
EC
134
Elequin Capital
New York
| – | -$102K | -4,908 | Closed |
|
|
BI
135
Bramshill Investments
Naples,
Florida
| – | -$52.9K | -2,543 | Closed |
|
BTT Hedge Fund Activity: Q1 2024 in Review
121 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2024, worth a combined $407M — down 8.5% from $445M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BTT and 10 opened new positions — a net loss of 3 holders — while 44 trimmed existing stakes and 37 added.
The largest buyer was City of London Investment Management, adding an estimated $5.1M. The largest seller was Morgan Stanley, cutting an estimated $34.1M.
- 121 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2024, down from 125 in Q4 2023.
- Funds reported $407M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2024, down 8.5% quarter-over-quarter.
- 10 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2024 and 13 closed out, a net change of -3 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2024 was City of London Investment Management, an estimated $5.1M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2024 was Morgan Stanley, an estimated $34.1M sold.
Based on aggregated 13F filings for Q1 2024.