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BlackRock Municipal 2030 Target Term Trust
BTT

130 hedge funds and large institutions have $530M invested in BlackRock Municipal 2030 Target Term Trust in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 49 increasing their positions, 42 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

17% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 42

6% more capital invested

Capital invested by funds: $497M → $530M (+$32.3M)

1.21% more ownership

Funds ownership: 36.82% → 38.02% (+1.2%)

6% less funds holding

Funds holding: 138 → 130 (-8)

50% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 14

Holders
130
Holders Change
-8
Holders Change %
-5.8%
% of All Funds
1.74%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
7
Increased
49
Reduced
42
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$14.5M
2
TIM
Tortoise Investment Management
New York
+$6.08M
3
SCM
Saba Capital Management
New York
+$5.55M
4
KIM
Karpus Investment Management
New York
+$4.22M
5
MSL
Mackay Shields LLC
New York
+$3.43M

Top Sellers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
-$8.66M
2
HC
Hara Capital
Washington
-$2.63M
3
VanEck Associates
VanEck Associates
New York
-$2.19M
4
Cerity Partners
Cerity Partners
New York
-$2.07M
5
NMC
Nine Masts Capital
Hong Kong
-$1.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jones Financial Companies
126
Jones Financial Companies
Missouri
$13.9K +$13.9K +656 New
BONH
127
Bank of New Hampshire
New Hampshire
$10.6K – – –
AF
128
Allworth Financial
California
$7.38K – – –
TRCT
129
Tower Research Capital (TRC)
New York
$85 – – –
HNB
130
Huntington National Bank
Ohio
$21 – – –
Wells Fargo
131
Wells Fargo
California
$20 -$21 -1 -50%
CIBC Private Wealth Group
132
CIBC Private Wealth Group
Georgia
$3 – – –
NMC
133
Nine Masts Capital
Hong Kong
– -$1.74M -84,634 Closed
Corient Private Wealth
134
Corient Private Wealth
Florida
– -$749K -36,360 Closed
IAA
135
Independent Advisor Alliance
North Carolina
– -$616K -29,901 Closed
HF
136
HRT Financial
New York
– -$510K -24,803 Closed
MGIA
137
Moneta Group Investment Advisors
Missouri
– -$441K -21,412 Closed
RAM
138
Readystate Asset Management
Illinois
– -$343K -16,659 Closed
Nomura Holdings
139
Nomura Holdings
Japan
– -$319K -15,500 Closed
GCM
140
Generation Capital Management
New York
– -$255K -12,390 Closed
Susquehanna International Group
141
Susquehanna International Group
Pennsylvania
– -$236K -11,473 Closed
TSS
142
Two Sigma Securities
New York
– -$220K -10,705 Closed
WWM
143
Western Wealth Management
Colorado
– -$212K -10,295 Closed
VHAM
144
Van Hulzen Asset Management
California
– -$175K -8,500 Closed
SFGP
145
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
– -$45.3K -2,200 Closed
LDB
146
Lee, Danner & Bass
Tennessee
– -$6.18K -300 Closed
2 3 4 5
6

BTT Hedge Fund Activity: Q1 2025 in Review

130 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2025, worth a combined $530M — up 6.5% from $497M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BTT and 7 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 49 added.

The largest buyer was Pathstone Holdings, adding an estimated $14.5M. The largest seller was Logan Stone Capital, cutting an estimated $8.66M.

  • 130 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2025, down from 138 in Q4 2024.
  • Funds reported $530M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2025, up 6.5% quarter-over-quarter.
  • 7 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2025 and 14 closed out, a net change of -7 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2025 was Pathstone Holdings, an estimated $14.5M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2025 was Logan Stone Capital, an estimated $8.66M sold.

Based on aggregated 13F filings for Q1 2025.