BlackRock Municipal 2030 Target Term Trust
118 hedge funds and large institutions have $360M invested in BlackRock Municipal 2030 Target Term Trust in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 42 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
87% more capital inflows, than outflows
Capital inflows: $30.1M | Capital outflows: $16.1M
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
3% more funds holding
Funds holding: 115 → 118 (+3)
0.95% more ownership
Funds ownership: 23.61% → 24.56% (+0.95%)
24% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.85M |
| 2 |
Morgan Stanley
New York
|
+$4.95M |
| 3 |
Merit Financial Group
Alpharetta,
Georgia
|
+$4.21M |
| 4 |
Karpus Investment Management
Pittsford,
New York
|
+$2.55M |
| 5 |
Advisors Asset Management
Monument,
Colorado
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.34M |
| 2 |
XML Financial
Bethesda,
Maryland
|
-$2.25M |
| 3 |
Logan Stone Capital
Chicago,
Illinois
|
-$1.69M |
| 4 |
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$1.59M |
| 5 |
WealthBridge Capital Management
Westerville,
Ohio
|
-$728K |
BTT Hedge Fund Activity: Q2 2023 in Review
118 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q2 2023, worth a combined $360M — down 0.5% from $362M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BTT positions and 13 closed out — a net gain of 3 holders — while 32 added to existing stakes and 42 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $7.85M. The largest seller was Bank of America, cutting an estimated $3.34M.
- 118 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q2 2023, up from 115 in Q1 2023.
- Funds reported $360M of BlackRock Municipal 2030 Target Term Trust stock for Q2 2023, down 0.5% quarter-over-quarter.
- 16 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q2 2023 and 13 closed out, a net change of +3 holders.
- The largest BlackRock Municipal 2030 Target Term Trust buyer in Q2 2023 was Rivernorth Capital Management, an estimated $7.85M added.
- The largest BlackRock Municipal 2030 Target Term Trust seller in Q2 2023 was Bank of America, an estimated $3.34M sold.
Based on aggregated 13F filings for Q2 2023.