BlackRock Municipal 2030 Target Term Trust
83 hedge funds and large institutions have $206M invested in BlackRock Municipal 2030 Target Term Trust in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 15 closing their positions.
128% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 18
6% more capital invested
Capital invested by funds: $194M → $206M (+$11.8M)
1.38% more ownership
Funds ownership: 12.32% → 13.71% (+1.4%)
7% less funds holding
Funds holding: 89 → 83 (-6)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
V
Veritable
Wilmington,
Delaware
|
+$14.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.3M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.31M |
| 4 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$1.3M |
| 5 |
HCM
Harvey Capital Management
Palm Beach,
Florida
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.64M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$743K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$731K |
| 4 |
SG Americas Securities
New York
|
-$667K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
-$625K |
BTT Hedge Fund Activity: Q1 2018 in Review
83 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2018, worth a combined $206M — up 6.1% from $194M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BTT and 9 opened new positions — a net loss of 6 holders — while 18 trimmed existing stakes and 41 added.
The largest buyer was Veritable, adding an estimated $14.1M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.64M sold.
- 83 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2018, down from 89 in Q4 2017.
- Funds reported $206M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2018, up 6.1% quarter-over-quarter.
- 9 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2018 and 15 closed out, a net change of -6 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2018 was Veritable, an estimated $14.1M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2018 was Wolverine Asset Management, an estimated $1.64M sold.
Based on aggregated 13F filings for Q1 2018.