BlackRock Municipal 2030 Target Term Trust
104 hedge funds and large institutions have $284M invested in BlackRock Municipal 2030 Target Term Trust in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 40 increasing their positions, 22 reducing their positions, and 9 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 22
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
8% more capital invested
Capital invested by funds: $262M → $284M (+$22.1M)
4% more funds holding
Funds holding: 100 → 104 (+4)
0.33% more ownership
Funds ownership: 16.19% → 16.52% (+0.33%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$9.7M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$2.32M |
| 3 |
Cohen & Steers
New York
|
+$1.14M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.04M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$746K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.28M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.75M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.49M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.32M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.02M |
BTT Hedge Fund Activity: Q4 2019 in Review
104 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2019, worth a combined $284M — up 8.5% from $262M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BTT positions and 9 closed out — a net gain of 4 holders — while 40 added to existing stakes and 22 trimmed.
The largest buyer was Rockefeller Capital Management, opening a new position worth an estimated $9.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.28M.
- 104 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2019, up from 100 in Q3 2019.
- Funds reported $284M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2019, up 8.5% quarter-over-quarter.
- 13 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2019 and 9 closed out, a net change of +4 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2019 was Rockefeller Capital Management, an estimated $9.7M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2019 was Rivernorth Capital Management, an estimated $8.28M sold.
Based on aggregated 13F filings for Q4 2019.