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BlackRock Municipal 2030 Target Term Trust
BTT

115 hedge funds and large institutions have $360M invested in BlackRock Municipal 2030 Target Term Trust in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 32

6% more capital invested

Capital invested by funds: $341M → $360M (+$19.3M)

0.85% more ownership

Funds ownership: 22.76% → 23.61% (+0.85%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 120 → 115 (-5)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

Holders
115
Holders Change
-5
Holders Change %
-4.17%
% of All Funds
1.83%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
43
Reduced
32
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.87M
2
Morgan Stanley
Morgan Stanley
New York
+$3.7M
3
KIM
Karpus Investment Management
New York
+$3.56M
4
MGIA
Moneta Group Investment Advisors
Missouri
+$1.84M
5
VanEck Associates
VanEck Associates
New York
+$1.29M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.58M
2
WAM
Weiss Asset Management
Massachusetts
-$1.79M
3
XF
XML Financial
Maryland
-$1.47M
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$1.23M
5
M&T Bank
M&T Bank
New York
-$971K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$38.9M +$3.7M +170,937 +11%
Bank of America
2
Bank of America
North Carolina
$34M -$2.58M -119,090 -7%
RCM
3
Rivernorth Capital Management
Florida
$32.1M +$6.87M +317,275 +27%
KIM
4
Karpus Investment Management
New York
$30.7M +$3.56M +164,513 +13%
MSL
5
Mackay Shields LLC
New York
$30.4M – – –
Allspring Global Investments
6
Allspring Global Investments
North Carolina
$23M +$503K +23,228 +2%
UBS Group
7
UBS Group
Switzerland
$20.1M +$218K +10,061 +1%
Stifel Financial
8
Stifel Financial
Missouri
$12.5M -$665K -30,696 -5%
NCM
9
Narwhal Capital Management
Georgia
$11.6M +$8.06K +372 +0.1%
Rockefeller Capital Management
10
Rockefeller Capital Management
New York
$10.9M -$1.23M -56,680 -10%
WCM
11
WealthBridge Capital Management
Ohio
$10.5M -$122K -5,612 -1%
VanEck Associates
12
VanEck Associates
New York
$8M +$1.29M +59,598 +19%
HWAM
13
Hennion & Walsh Asset Management
New Jersey
$5.71M +$1.13M +52,032 +25%
WKWM
14
Walter & Keenan Wealth Management
Indiana
$4.82M +$226K +10,448 +5%
GCP
15
Gill Capital Partners
Colorado
$4.63M +$455K +20,981 +11%
V
16
Veritable
Delaware
$4.16M -$886K -40,912 -18%
LPL Financial
17
LPL Financial
California
$3.96M +$592K +27,335 +18%
RJA
18
Raymond James & Associates
Florida
$3.7M +$126K +5,819 +4%
Cerity Partners
19
Cerity Partners
New York
$3.08M – – –
AWA
20
Amplius Wealth Advisors
Pennsylvania
$3.03M -$279K -12,882 -8%
MFG
21
Merit Financial Group
Georgia
$2.81M +$874K +40,329 +45%
SPIA
22
Steward Partners Investment Advisory
New York
$2.79M -$173K -8,007 -6%
WW
23
Waterfront Wealth
Kansas
$2.75M -$44.9K -2,071 -2%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$2.59M +$125K +5,781 +5%
XF
25
XML Financial
Maryland
$2.56M -$1.47M -67,849 -37%
1
2 3 4 5

BTT Hedge Fund Activity: Q1 2023 in Review

115 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q1 2023, worth a combined $360M — up 5.7% from $341M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BTT and 12 opened new positions — a net loss of 2 holders — while 32 trimmed existing stakes and 43 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.87M. The largest seller was Bank of America, cutting an estimated $2.58M.

  • 115 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q1 2023, down from 120 in Q4 2022.
  • Funds reported $360M of BlackRock Municipal 2030 Target Term Trust stock for Q1 2023, up 5.7% quarter-over-quarter.
  • 12 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q1 2023 and 14 closed out, a net change of -2 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q1 2023 was Rivernorth Capital Management, an estimated $6.87M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q1 2023 was Bank of America, an estimated $2.58M sold.

Based on aggregated 13F filings for Q1 2023.