BlackRock Municipal 2030 Target Term Trust
64 hedge funds and large institutions have $198M invested in BlackRock Municipal 2030 Target Term Trust in 2014 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 5 closing their positions.
280% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 5
136% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 11
105% more call options, than puts
Call options by funds: $41K | Put options by funds: $20K
25% more funds holding
Funds holding: 51 → 64 (+13)
21% more capital invested
Capital invested by funds: $164M → $198M (+$34.2M)
2.28% more ownership
Funds ownership: 11.69% → 13.98% (+2.3%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10.7M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$6.53M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.99M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.24M |
| 5 |
SG Americas Securities
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.16M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
-$566K |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$528K |
| 4 |
Citigroup
New York
|
-$239K |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$199K |
BTT Hedge Fund Activity: Q4 2014 in Review
64 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2014, worth a combined $198M — up 21% from $164M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BTT positions and 5 closed out — a net gain of 14 holders — while 26 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $10.7M. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $1.16M sold.
- 64 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2014, up from 51 in Q3 2014.
- Funds reported $198M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2014, up 21% quarter-over-quarter.
- 19 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2014 and 5 closed out, a net change of +14 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2014 was Karpus Investment Management, an estimated $10.7M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2014 was Thomas J. Herzfeld Advisors, an estimated $1.16M sold.
Based on aggregated 13F filings for Q4 2014.