BlackRock Municipal 2030 Target Term Trust
104 hedge funds and large institutions have $328M invested in BlackRock Municipal 2030 Target Term Trust in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 14 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less funds holding
Funds holding: 105 → 104 (-1)
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
2.37% less ownership
Funds ownership: 20.96% → 18.59% (-2.4%)
7% less capital invested
Capital invested by funds: $351M → $328M (-$23.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$30.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.99M |
| 3 |
Rockefeller Capital Management
New York
|
+$1.5M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.21M |
| 5 |
Morgan Stanley
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$35.3M |
| 2 |
BlackRock
New York
|
-$30.1M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.34M |
| 4 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
-$4.47M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.28M |
BTT Hedge Fund Activity: Q3 2020 in Review
104 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2020, worth a combined $328M — down 6.6% from $351M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BTT and 13 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 33 added.
The largest buyer was Mackay Shields LLC, adding an estimated $30.3M. The largest seller was Wells Fargo, cutting an estimated $35.3M.
- 104 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2020, down from 105 in Q2 2020.
- Funds reported $328M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2020, down 6.6% quarter-over-quarter.
- 13 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2020 and 14 closed out, a net change of -1 holder.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2020 was Mackay Shields LLC, an estimated $30.3M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2020 was Wells Fargo, an estimated $35.3M sold.
Based on aggregated 13F filings for Q3 2020.