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BlackRock Municipal 2030 Target Term Trust
BTT

47 hedge funds and large institutions have $135M invested in BlackRock Municipal 2030 Target Term Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

12% more capital invested

Capital invested by funds: $121M → $135M (+$14M)

0.43% more ownership

Funds ownership: 9% → 9.43% (+0.43%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

8% less funds holding

Funds holding: 51 → 47 (-4)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $20K

Holders
47
Holders Change
-4
Holders Change %
-7.84%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
5
Increased
17
Reduced
10
Closed
8
Calls
–
Puts
$20K
Net Calls
-$20K
Net Calls Change
+$35K

Top Buyers

Rank Fund Capital Flow
1
OHA
Oak Hill Advisors
New York
+$3.19M
2
Morgan Stanley
Morgan Stanley
New York
+$2.32M
3
Bank of America
Bank of America
North Carolina
+$1.4M
4
U
UBS
Switzerland
+$1.32M
5
MWM
Merriman Wealth Management
Washington
+$1.2M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$3.1M
2
TC
TFS Capital
Pennsylvania
-$941K
3
MPEM
Marathon Partners Equity Management
New York
-$763K
4
Group One Trading
Group One Trading
Illinois
-$691K
5
Wells Fargo
Wells Fargo
California
-$487K
Name Holding Trade Value Shares
Change 		Change in
Stake
U
1
UBS
Switzerland
$41M +$1.32M +66,374 +3%
Morgan Stanley
2
Morgan Stanley
New York
$17.1M +$2.32M +116,698 +16%
OHA
3
Oak Hill Advisors
New York
$14.3M +$3.19M +160,150 +29%
Bank of America
4
Bank of America
North Carolina
$12M +$1.4M +70,455 +14%
RCM
5
Rivernorth Capital Management
Florida
$9.54M +$50.7K +2,545 +0.5%
AllianceBernstein
6
AllianceBernstein
Tennessee
$6.59M -$3.1M -155,900 -32%
LFR
7
Lehman Financial Resources
Pennsylvania
$6.32M +$305K +15,300 +5%
Wells Fargo
8
Wells Fargo
California
$3.31M -$487K -24,442 -13%
FIMG
9
Financial & Investment Management Group
Michigan
$2.5M – – –
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$2.22M +$209K +10,513 +11%
RJA
11
Raymond James & Associates
Florida
$2.09M +$516K +25,900 +34%
NCM
12
Newgate Capital Management
Connecticut
$1.82M +$180K +9,060 +11%
Citigroup
13
Citigroup
New York
$1.58M +$324K +16,253 +26%
NCM
14
Narwhal Capital Management
Georgia
$1.35M +$401K +20,129 +43%
VanEck Associates
15
VanEck Associates
New York
$1.33M +$367K +18,435 +39%
MWM
16
Merriman Wealth Management
Washington
$1.18M +$1.2M +60,111 New
AQR Capital Management
17
AQR Capital Management
Connecticut
$1.14M – – –
WKWM
18
Walter & Keenan Wealth Management
Indiana
$969K +$289K +14,500 +44%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$958K +$38K +1,907 +4%
CAS
20
CTC Alternative Strategies
Illinois
$900K – – –
PA
21
Pinnacle Associates
New York
$836K +$820K +41,155 New
LPL Financial
22
LPL Financial
California
$822K -$120K -6,002 -13%
LCM
23
Landscape Capital Management
New Jersey
$677K +$59K +2,963 +10%
First Trust Advisors
24
First Trust Advisors
Illinois
$676K -$158K -7,910 -19%
PAIM
25
Punch & Associates Investment Management
Minnesota
$648K – – –
1
2 3

BTT Hedge Fund Activity: Q2 2014 in Review

47 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q2 2014, worth a combined $135M — up 12% from $121M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BTT and 5 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 17 added.

The largest buyer was Oak Hill Advisors, adding an estimated $3.19M. The largest seller was AllianceBernstein, cutting an estimated $3.1M.

  • 47 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q2 2014, down from 51 in Q1 2014.
  • Funds reported $135M of BlackRock Municipal 2030 Target Term Trust stock for Q2 2014, up 12% quarter-over-quarter.
  • 5 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q2 2014 and 8 closed out, a net change of -3 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q2 2014 was Oak Hill Advisors, an estimated $3.19M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q2 2014 was AllianceBernstein, an estimated $3.1M sold.

Based on aggregated 13F filings for Q2 2014.