BlackRock Municipal 2030 Target Term Trust
51 hedge funds and large institutions have $121M invested in BlackRock Municipal 2030 Target Term Trust in 2014 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 17 closing their positions.
7% more capital invested
Capital invested by funds: $113M → $121M (+$7.97M)
0% more funds holding
Funds holding: 51 → 51 (0)
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
0.39% less ownership
Funds ownership: 9.39% → 9% (-0.39%)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
96% less call options, than puts
Call options by funds: $2K | Put options by funds: $57K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$8.97M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$3.65M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.5M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.05M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.28M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.4M |
| 4 |
CCMU
Cheyne Capital Management (UK)
London,
United Kingdom
|
-$1.71M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.41M |
BTT Hedge Fund Activity: Q1 2014 in Review
51 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2014, worth a combined $121M — up 7% from $113M a quarter earlier.
Fund positioning in BTT was balanced in Q1 2014: 17 funds opened new positions, 17 closed out, 13 added to existing stakes and 14 trimmed.
The largest buyer was AllianceBernstein, opening a new position worth an estimated $8.97M. The largest seller was Karpus Investment Management, cutting an estimated $5.28M.
- 51 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $121M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2014, up 7% quarter-over-quarter.
- 17 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2014 and 17 closed out, a net change of 0 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2014 was AllianceBernstein, an estimated $8.97M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2014 was Karpus Investment Management, an estimated $5.28M sold.
Based on aggregated 13F filings for Q1 2014.