Vault-13

BLACKROCK LONG-TERM MUN ADVA XBTAX

COM · Closed-End Fund · CUSIP 09250B103

46 institutional holders +0 vs Q3 2025
3,637,4883.6m shares reported held*
$33.8mreported value*
6 new 12 added 12 reduced 7 sold out net bought ≈ $5.0m (+539.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.28.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 30Q4 22: 38Q1 23: 35Q2 23: 34Q3 23: 34Q4 23: 34Q1 24: 38Q2 24: 35Q3 24: 41Q4 24: 45Q1 25: 42Q2 25: 46Q3 25: 46Q4 25: 4646Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202230
Q4 202238
Q1 202335
Q2 202334
Q3 202334
Q4 202334
Q1 202438
Q2 202435
Q3 202441
Q4 202445
Q1 202542
Q2 202546
Q3 202546
Q4 202546

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q1 24: 16 bought or addedQ1 24: 13 cut or sold outQ2 24: 12 bought or addedQ2 24: 11 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 6 cut or sold outQ4 24: 16 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 17 bought or addedQ1 25: 14 cut or sold outQ2 25: 19 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 18 bought or addedQ3 25: 20 cut or sold outQ4 25: 18 bought or addedQ4 25: 19 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241613
Q2 20241211
Q3 2024186
Q4 20241613
Q1 20251714
Q2 20251915
Q3 20251820
Q4 20251819

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +375,419+375.4k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +154,316+154.3k
ROBINSON CAPITAL MANAGEMENT, LLC New +67,182+67.2k
WOLVERINE ASSET MANAGEMENT LLC New +26,800+26.8k
Arlington Capital Management, Inc. New +18,667+18.7k
ROYAL BANK OF CANADA Added +15,417+15.4k
CITADEL ADVISORS LLC New +11,710+11.7k
ABSOLUTE INVESTMENT ADVISERS, LLC New +11,306+11.3k
LPL Financial LLC Added +10,824+10.8k
NOMURA HOLDINGS INC New +10,562+10.6k

Biggest sellers

Stratos Wealth Advisors, LLC Sold out -40,145-40.1k
GUGGENHEIM CAPITAL LLC Reduced -21,088-21.1k
Hennion & Walsh Asset Management, Inc. Reduced -20,680-20.7k
RAYMOND JAMES FINANCIAL INC Reduced -18,149-18.1k
Stratos Investment Management, LLC Sold out -17,409-17.4k
NewEdge Advisors, LLC Reduced -16,593-16.6k
Plan A Wealth LLC Sold out -11,245-11.2k
MORGAN STANLEY Reduced -9,758-9.8k
Noble Wealth Management PBC Reduced -6,667-6.7k
UBS Group AG Reduced -6,010-6.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
SIT INVESTMENT ASSOCIATES INC 13G · institution new · filed 2026-01-06 5.5% new 743.6k 2026-01-06

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.14% of their portfolio Minneapolis, MN 743,577743.6k $6.9m $6.9m 0.14% Added +375.4k +375,419
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.20% of their portfolio WEST PALM BEACH, FL 451,466451.5k $4.2m $4.2m 0.20% Added +154.3k +154,316
3 GUGGENHEIM CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 442,167442.2k $4.1m $4.1m 0.03% Reduced -21.1k -21,088
4 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 239,863239.9k $2.2m $2.2m 0.08% Reduced -20.7k -20,680
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 213,840213.8k $2.0m $2.0m 0.00% Reduced -9.8k -9,758
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 208,805208.8k $1.9m $1.9m 0.00% Reduced -6.0k -6,010
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 195,775195.8k $1.8m $1.8m 0.00% Added +5.5k +5,527
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 168,179168.2k $1.6m $1.6m 0.00% Reduced -18.1k -18,149
9 Noble Wealth Management PBC 0.62% of their portfolio GREENWOOD VILLAGE, CO 133,879133.9k $1.2m $1.2m 0.62% Reduced -6.7k -6,667
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 89,68689.7k $832.0k $832.0k 0.00% Added +15.4k +15,417
11 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 80,33180.3k $745.0k $745.0k 0.00% Reduced -3.0k -3,035
12 ROBINSON CAPITAL MANAGEMENT, LLC 0.26% of their portfolio GROSSE POINTE FARMS, MI 67,18267.2k $623.4k $623.4k 0.26% New
13 MELFA WEALTH MANAGEMENT, INC. 0.24% of their portfolio WESTBOROUGH, MA 43,99144.0k $408.2k $408.2k 0.24% Unchanged
14 Tyche Wealth Partners LLC 0.06% of their portfolio PLANO, TX 39,10939.1k $362.9k $362.9k 0.06% Unchanged
15 Palogic Value Management, L.P. 0.15% of their portfolio DALLAS, TX 38,02438.0k $352.9k $352.9k 0.15% Unchanged
16 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 36,16136.2k $335.6k $335.6k 0.00% Reduced -16.6k -16,593
17 HBK Sorce Advisory LLC 0.01% of their portfolio ERIE, PA 34,62034.6k $334.1k $334.1k 0.01% Unchanged
18 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 32,40432.4k $300.7k $300.7k 0.00% Reduced -1.8k -1,750
19 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 31,18531.2k $289.4k $289.4k 0.00% Added +10.8k +10,824
20 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 30,00030.0k $278.0k $278.0k 0.00% Unchanged
21 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 26,86426.9k $249.3k $249.3k 0.00% Added +5.4k +5,374
22 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 26,80026.8k $248.7k $248.7k 0.00% New
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 23,31923.3k $216.4k $216.4k 0.00% Reduced -1.5k -1,500
24 Essential Investment Partners LLC 0.18% of their portfolio ENGLEWOOD, CO 20,90020.9k $194.0k $194.0k 0.18% First filing
25 River Street Advisors LLC 0.07% of their portfolio AURORA, IL 18,89918.9k $175.4k $175.4k 0.07% Unchanged
26 Arlington Capital Management, Inc. 0.11% of their portfolio ARLINGTON HEIGHTS, IL 18,66718.7k $173.2k $173.2k 0.11% New
27 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 18,00018.0k $167.0k $167.0k 0.00% Unchanged
28 NATURAL INVESTMENTS, LLC 0.04% of their portfolio WINDSOR, CA 15,98516.0k $148.0k $148.0k 0.04% Unchanged
29 Curi Capital, LLC 0.00% of their portfolio CHICAGO, IL 14,22614.2k $132.0k $132.0k 0.00% Added +77 +77
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,14514.1k $131.3k $131.3k 0.00% Added +4.1k +4,125
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,08114.1k $130.7k $130.7k 0.00% Added +1.2k +1,184
32 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 13,06213.1k $121.2k $121.2k 0.01% Added +103 +103
33 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 12,24412.2k $113.6k $113.6k 0.00% Added +65 +65
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,71011.7k $108.7k $108.7k 0.00% New
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,49911.5k $106.7k $106.7k 0.00% Added +2.3k +2,314
36 ABSOLUTE INVESTMENT ADVISERS, LLC 0.01% of their portfolio ROSEMARY BEACH, FL 11,30611.3k $106.3k $106.3k 0.01% New
37 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 10,56210.6k $98.0k $98.0k 0.00% New
38 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 10,12710.1k $94.0k $94.0k 0.00% Unchanged
39 Bernard Wealth Management Corp. 0.02% of their portfolio ROYAL OAK, MI 6,1006.1k $56.6k $56.6k 0.02% Unchanged
40 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 5,6005.6k $52.0k $52.0k 0.00% Unchanged
41 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,3805.4k $49.9k $49.9k 0.00% Reduced -368 -368
42 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,4183.4k $31.7k $31.7k 0.00% Reduced -582 -582
43 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2,0002.0k $18.6k $18.6k 0.00% Unchanged
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,3831.4k $12.8k $12.8k 0.00% Unchanged
45 Fortis Group Advisors, LLC 0.00% of their portfolio WESTWOOD, NJ 667667 $6.2k $6.2k 0.00% Unchanged
46 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 300300 $2.8k $2.8k 0.00% Unchanged