Vault-13

BLACKROCK MUN TARGET TERM TR BTT

COM SHS BEN IN · Closed-End Fund · CUSIP 09257P105

115 institutional holders -4 vs Q2 2023
18,235,50018.2m shares reported held*
$353.4mreported value*
14 new 35 added 39 reduced 17 sold out net bought ≈ $19.0m (+980.0k 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 ($815.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.38. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 108Q4 22: 120Q1 23: 117Q2 23: 119Q3 23: 115115Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022108
Q4 2022120
Q1 2023117
Q2 2023119
Q3 2023115

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 55 bought or addedQ4 22: 47 cut or sold outQ4 22Q1 23: 54 bought or addedQ1 23: 45 cut or sold outQ1 23Q2 23: 48 bought or addedQ2 23: 55 cut or sold outQ2 23Q3 23: 49 bought or addedQ3 23: 56 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225547
Q1 20235445
Q2 20234855
Q3 20234956

Biggest buyers

Karpus Management, Inc. Added +355,950+355.9k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +310,992+311.0k
PATHSTONE FAMILY OFFICE, LLC New +218,931+218.9k
Merit Financial Group, LLC Added +202,632+202.6k
AQR Arbitrage LLC Added +180,299+180.3k
VAN ECK ASSOCIATES CORP Added +78,053+78.1k
ROBINSON CAPITAL MANAGEMENT, LLC New +70,029+70.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +57,109+57.1k
Cerity Partners LLC Added +53,856+53.9k
CITADEL ADVISORS LLC New +48,027+48.0k

Biggest sellers

MORGAN STANLEY Reduced -251,206-251.2k
Veritable, L.P. Sold out -232,375-232.4k
COHEN & STEERS, INC. Sold out -74,595-74.6k
ARBOR CAPITAL MANAGEMENT INC /ADV Sold out -71,793-71.8k
WealthBridge Capital Management, LLC Reduced -67,150-67.2k
BANK OF AMERICA CORP /DE/ Reduced -61,171-61.2k
UBS Group AG Reduced -49,410-49.4k
STIFEL FINANCIAL CORP Reduced -29,525-29.5k
MONETA GROUP INVESTMENT ADVISORS LLC Reduced -28,249-28.2k
Jefferies Financial Group Inc. Reduced -21,911-21.9k

Biggest calls

Biggest puts

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

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
Karpus Management, Inc. 13G · institution +1.3 pts · filed 2025-11-14 6.9% +1.3 pts 4.4m≈ $100.3m 2025-11-14

Insider purchases and sales in Q3 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RIVERNORTH CAPITAL MANAGEMENT, LLC 2.18% of their portfolio WEST PALM BEACH, FL 2,161,4272.2m $42.0m $42.0m 2.18% Added +311.0k +310,992
2 Karpus Management, Inc. 1.23% of their portfolio Pittsford, NY 1,889,0241.9m $36.7m $36.7m 1.23% Added +355.9k +355,950
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,773,3731.8m $34.4m $34.4m 0.00% Reduced -251.2k -251,206
4 MacKay Shields LLC 0.73% of their portfolio New York, NY 1,401,7011.4m $26.6m $26.6m 0.73% Unchanged
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,345,8931.3m $26.1m $26.1m 0.00% Reduced -61.2k -61,171
6 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 1,059,3341.1m $20.6m $20.6m 0.04% Unchanged
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 863,466863.5k $16.8m $16.8m 0.01% Reduced -49.4k -49,410
8 Narwhal Capital Management 1.29% of their portfolio MARIETTA, GA 545,345545.3k $10.6m $10.6m 1.29% Added +18.9k +18,900
9 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 532,180532.2k $10.3m $10.3m 0.01% Reduced -29.5k -29,525
10 Merit Financial Group, LLC 0.34% of their portfolio ALPHARETTA, GA 531,955532.0k $10.3m $10.3m 0.34% Added +202.6k +202,632
11 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 504,434504.4k $9.8m $9.8m 0.04% Added +19.6k +19,628
12 VAN ECK ASSOCIATES CORP 0.02% of their portfolio NEW YORK, NY 455,963456.0k $8.8m $8.8m 0.02% Added +78.1k +78,053
13 WealthBridge Capital Management, LLC 3.06% of their portfolio WESTERVILLE, OH 381,720381.7k $7.4m $7.4m 3.06% Reduced -67.2k -67,150
14 Hennion & Walsh Asset Management, Inc. 0.35% of their portfolio Parsippany, NJ 285,853285.9k $5.5m $5.5m 0.35% Added +1.1k +1,054
15 PATHSTONE FAMILY OFFICE, LLC 0.03% of their portfolio ENGLEWOOD, NJ 218,931218.9k $4.2m $4.2m 0.03% New
16 GILL CAPITAL PARTNERS, LLC 1.77% of their portfolio DENVER, CO 205,948205.9k $4.0m $4.0m 1.77% Added +1.9k +1,917
17 WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 1.52% of their portfolio SOUTH BEND, IN 201,180201.2k $3.9m $3.9m 1.52% Reduced -8.4k -8,354
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 198,430198.4k $3.9m $3.9m 0.00% Added +17.6k +17,559
19 AQR Arbitrage LLC 0.17% of their portfolio Greenwich, CT 197,555197.6k $3.8m $3.8m 0.17% Added +180.3k +180,299
20 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 195,806195.8k $3.8m $3.8m 0.02% Added +53.9k +53,856
21 SENTINEL TRUST CO LBA 0.46% of their portfolio HOUSTON, TX 167,055167.1k $3.2m $3.2m 0.46% Added +25.5k +25,500
22 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 162,881162.9k $3.2m $3.2m 0.00% Reduced -19.2k -19,195
23 Jacobi Capital Management LLC 0.36% of their portfolio PITTSTON, PA 161,987162.0k $3.1m $3.1m 0.36% Added +34.6k +34,567
24 Amplius Wealth Advisors, LLC 0.39% of their portfolio BLUE BELL, PA 149,678149.7k $2.9m $2.9m 0.39% Reduced -14.1k -14,050
25 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 131,650131.7k $2.6m $2.6m 0.04% Added +1.6k +1,640
26 Waterfront Wealth Inc. 0.78% of their portfolio OVERLAND PARK, KS 123,179123.2k $2.4m $2.4m 0.78% Reduced -1.3k -1,296
27 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 100,637100.6k $2.0m $2.0m 0.00% Reduced -3.2k -3,235
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 93,05693.1k $1.8m $1.8m 0.00% Reduced -2.3k -2,306
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 86,93586.9k $1.7m $1.7m 0.00% Added +17.0k +17,014
30 LexAurum Advisors, LLC 0.45% of their portfolio OVERLAND PARK, KS 78,85378.9k $1.5m $1.5m 0.45% Reduced -1.5k -1,466
31 1607 Capital Partners, LLC 0.10% of their portfolio Richmond, VA 71,97572.0k $1.4m $1.4m 0.10% Added +30.6k +30,632
32 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 71,02271.0k $1.4m $1.4m 0.03% Added +22.9k +22,914
33 ROBINSON CAPITAL MANAGEMENT, LLC 0.60% of their portfolio GROSSE POINTE FARMS, MI 70,02970.0k $1.4m $1.4m 0.60% New
34 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 65,37565.4k $1.3m $1.3m 0.00% Added +1.6k +1,593
35 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 62,85362.9k $1.2m $1.2m 0.00% Reduced -6.2k -6,209
36 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 59,72959.7k $1.2m $1.2m 0.03% Reduced -7.0k -6,965
37 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 59,02559.0k $1.1m $1.1m 0.02% Reduced -1.2k -1,246
38 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 57,10957.1k $1.1m $1.1m 0.00% New
39 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.03% of their portfolio MINNEAPOLIS, MN 55,86855.9k $1.1m $1.1m 0.03% Reduced -6.4k -6,373
40 MONETA GROUP INVESTMENT ADVISORS LLC 0.02% of their portfolio ST LOUIS, MO 54,65754.7k $1.1m $1.1m 0.02% Reduced -28.2k -28,249
41 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 54,14054.1k $1.1m $1.1m 0.00% Reduced -9.8k -9,754
42 Anchor Investment Management, LLC 0.13% of their portfolio COLUMBIA, SC 53,22053.2k $1.0m $1.0m 0.13% Added +4.6k +4,618
43 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 53,14453.1k $1.0m $1.0m 0.00% Added +8.7k +8,664
44 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 51,32051.3k $996.1k $996.1k 0.00% Reduced -10.6k -10,624
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 48,02748.0k $932.2k $932.2k 0.00% New
46 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 46,94946.9k $911.3k $911.3k 0.02% Added +27.0k +27,026
47 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 45,30445.3k $879.4k $879.4k 0.01% New
48 Logan Stone Capital, LLC 0.23% of their portfolio CHICAGO, IL 43,67443.7k $847.7k $847.7k 0.23% New
49 Oder Investment Management, LLC 0.91% of their portfolio WOODLAND HILLS, CA 43,26743.3k $839.8k $839.8k 0.91% Reduced -1.2k -1,188
50 Dakota Wealth Management 0.04% of their portfolio PALM BEACH GARDENS, FL 42,00042.0k $815.2k $815.2k 0.04% Added +29.0k +29,000
51 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 41,11941.1k $798.1k $798.1k 0.01% Reduced -1.3k -1,279
52 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.10% of their portfolio Englewood, NJ 40,44840.4k $785.1k $785.1k 0.10% Added +12.9k +12,875
53 TrinityPoint Wealth, LLC 0.14% of their portfolio MILFORD, CT 35,19435.2k $683.1k $683.1k 0.14% Reduced -5.8k -5,805
54 Almitas Capital LLC 0.31% of their portfolio SANTA MONICA, CA 33,40033.4k $648.3k $648.3k 0.31% New
55 CWM, LLC 0.00% of their portfolio OMAHA, NE 30,75730.8k $597.0k $597.0k 0.00% Added +63 +63
56 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 30,00230.0k $582.3k $582.3k 0.01% Reduced -21.9k -21,911
57 Virtu Financial LLC 0.06% of their portfolio New York, NY 29,75129.8k $577.0k $577.0k 0.06% New
58 PALO ALTO WEALTH ADVISORS, LLC 0.48% of their portfolio PALO ALTO, CA 29,38029.4k $571.9k $571.9k 0.48% Reduced -2.4k -2,400
59 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 28,51428.5k $553.5k $553.5k 0.00% Added +6.4k +6,385
60 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,79925.8k $500.8k $500.8k 0.00% Reduced -485 -485
61 ENCOMPASS WEALTH ADVISORS, LLC 0.16% of their portfolio PORTLAND, OR 24,40024.4k $473.6k $473.6k 0.16% Unchanged
62 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 23,51523.5k $456.4k $456.4k 0.00% Unchanged
63 Successful Portfolios LLC 0.39% of their portfolio CLEARWATER, FL 22,60722.6k $438.8k $438.8k 0.39% Unchanged
64 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 20,13620.1k $390.8k $390.8k 0.01% Added +3.5k +3,451
65 WHALEROCK POINT PARTNERS, LLC 0.13% of their portfolio West Palm Beach, FL 20,00020.0k $388.2k $388.2k 0.13% New
66 Summit Financial Wealth Advisors, LLC 0.10% of their portfolio Lafayette, LA 19,67519.7k $398.6k $398.6k 0.10% Reduced -1.0k -1,000
67 Covenant Asset Management, LLC 0.12% of their portfolio CHESTER, NJ 19,46019.5k $377.7k $377.7k 0.12% Reduced -2.4k -2,400
68 RAYMOND JAMES TRUST N.A. 0.01% of their portfolio ST. PETERSBURG, FL 19,44819.4k $377.5k $377.5k 0.01% Unchanged
69 Magnus Financial Group LLC 0.05% of their portfolio NEW YORK, NY 18,53218.5k $359.7k $359.7k 0.05% Added +14 +14
70 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 18,16518.2k $352.7k $352.7k 0.00% Reduced -8.7k -8,667
71 Joel Isaacson & Co., LLC 0.02% of their portfolio NEW YORK, NY 18,09418.1k $351.2k $351.2k 0.02% Unchanged
72 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 17,91517.9k $347.7k $347.7k 0.02% Reduced -544 -544
73 COMERICA BANK 0.00% of their portfolio DALLAS, TX 17,78217.8k $345.1k $345.1k 0.00% New
74 Icon Wealth Partners, LLC 0.04% of their portfolio HOUSTON, TX 16,82516.8k $326.6k $326.6k 0.04% Unchanged
75 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 16,74416.7k $325.9k $325.9k 0.00% Reduced -56 -56
76 TRANSCEND CAPITAL ADVISORS, LLC 0.03% of their portfolio MADISON, NJ 15,90815.9k $308.8k $308.8k 0.03% Reduced -2.0k -2,000
77 Tamar Securities, LLC 0.07% of their portfolio Woodland Hills, CA 15,78815.8k $306.5k $306.5k 0.07% Reduced -691 -691
78 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 15,04115.0k $292.0k $292.0k 0.01% New
79 PRIVATE TRUST CO NA 0.04% of their portfolio CLEVELAND, OH 15,00015.0k $291.1k $291.1k 0.04% New
80 Avior Wealth Management, LLC 0.02% of their portfolio OMAHA, NE 14,93914.9k $290.0k $290.0k 0.02% Reduced -3.7k -3,717
81 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 14,77914.8k $286.9k $286.9k 0.00% Unchanged
82 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 14,67414.7k $284.8k $284.8k 0.00% Unchanged
83 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 14,66814.7k $284.7k $284.7k 0.00% Added +2.3k +2,298
84 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 14,14014.1k $274.5k $274.5k 0.00% Reduced -3.3k -3,265
85 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,12114.1k $274.0k $274.0k 0.00% Reduced -3.2k -3,246
86 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 13,54613.5k $262.9k $262.9k 0.00% Added +13 +13
87 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 13,37513.4k $259.6k $259.6k 0.00% Added +11.3k +11,319
88 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 13,28113.3k $257.8k $257.8k 0.00% Unchanged
89 Compass Financial Group, INC/SD 0.08% of their portfolio Sioux Falls, SD 13,15613.2k $255.4k $255.4k 0.08% Added +2 +2
90 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 13,15513.2k $255.3k $255.3k 0.01% Added +2.2k +2,250
91 Seed Wealth Management, Inc. 0.29% of their portfolio EVANSTON, IL 13,15013.2k $255.2k $255.2k 0.29% New
92 HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 12,95012.9k $251.4k $251.4k 0.00% Unchanged
93 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 12,07712.1k $233.2k $233.2k 0.01% Reduced -11.4k -11,396
94 Tortoise Investment Management, LLC 0.03% of their portfolio WHITE PLAINS, NY 11,70011.7k $227.1k $227.1k 0.03% Added +4.5k +4,500
95 Strategic Wealth Investment Group, LLC 0.04% of their portfolio LOUISVILLE, KY 10,95911.0k $212.7k $212.7k 0.04% Unchanged
96 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 10,79510.8k $209.5k $209.5k 0.02% Unchanged
97 HARBOR INVESTMENT ADVISORY, LLC 0.03% of their portfolio LUTHERVILLE, MD 10,61310.6k $206.0k $206.0k 0.03% Unchanged
98 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,30710.3k $201.0k $201.0k 0.00% Added +19 +19
99 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 6,1086.1k $119.0k $119.0k 0.00% Unchanged
100 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.01% of their portfolio RICHMOND, VA 5,9145.9k $114.8k $114.8k 0.01% Reduced -1.8k -1,800