BLACKROCK MUN TARGET TERM TR BTT
COM SHS BEN IN · Closed-End Fund · CUSIP 09257P105
* 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 ≈ $21.60. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 108 |
| Q4 2022 | 120 |
| Q1 2023 | 117 |
| Q2 2023 | 119 |
| Q3 2023 | 115 |
| Q4 2023 | 127 |
| Q1 2024 | 123 |
| Q2 2024 | 128 |
| Q3 2024 | 128 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 55 | 47 |
| Q1 2023 | 54 | 45 |
| Q2 2023 | 48 | 55 |
| Q3 2023 | 49 | 56 |
| Q4 2023 | 55 | 56 |
| Q1 2024 | 49 | 57 |
| Q2 2024 | 58 | 48 |
| Q3 2024 | 52 | 54 |
Biggest buyers
| Almitas Capital LLC | Added | +459.5k |
| Logan Stone Capital, LLC | Added | +297.7k |
| Pathstone Holdings, LLC | Added | +288.7k |
| Tortoise Investment Management, LLC | Added | +220.2k |
| LPL Financial LLC | Added | +197.6k |
| Hara Capital LLC | Added | +174.3k |
| Elgethun Capital Management | New | +133.0k |
| NorthCoast Asset Management LLC | New | +87.8k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Added | +71.5k |
| SENTINEL TRUST CO LBA | Added | +58.0k |
Biggest sellers
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | -372.6k |
| Atlas Wealth LLC | Sold out | -179.8k |
| Rockefeller Capital Management L.P. | Reduced | -173.3k |
| Allspring Global Investments Holdings, LLC | Reduced | -122.7k |
| GOLDMAN SACHS GROUP INC | Sold out | -92.7k |
| MORGAN STANLEY | Reduced | -74.9k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Reduced | -66.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -60.0k |
| STIFEL FINANCIAL CORP | Reduced | -51.2k |
| Bank of New York Mellon Corp | Sold out | -46.8k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
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.
| Holder | Stake |
|---|---|
| Karpus Management, Inc. 13G · institution +1.3 pts · filed 2025-11-14 | 6.9% |
Insider purchases and sales in Q3 2024
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 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Karpus Management, Inc. 1.55% of their portfolio | 2.6m $55.8m | Added +44.6k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 1.84% of their portfolio | 1.8m $38.1m | Reduced -372.6k |
| MacKay Shields LLC 0.83% of their portfolio | 1.4m $30.3m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $29.2m | Reduced -74.9k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 1.1m $23.6m | Reduced -122.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $21.9m | Reduced -60.0k |
| Logan Stone Capital, LLC 5.22% of their portfolio | 969.0k $20.9m | Added +297.7k |
| UBS Group AG 0.01% of their portfolio | 829.6k $17.9m | Added +18.1k |
| Tortoise Investment Management, LLC 1.40% of their portfolio | 618.3k $13.4m | Added +220.2k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 539.9k $11.4m | Added +43.4k |
| Almitas Capital LLC 4.10% of their portfolio | 536.9k $11.6m | Added +459.5k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.97% of their portfolio | 515.3k $11.1m | Added +71.5k |
| SENTINEL TRUST CO LBA 1.25% of their portfolio | 508.9k $11.0m | Added +58.0k |
| Pathstone Holdings, LLC 0.05% of their portfolio | 497.7k $10.8m | Added +288.7k |
| Merit Financial Group, LLC 0.23% of their portfolio | 480.8k $10.4m | Reduced -7.2k |
| Narwhal Capital Management 0.91% of their portfolio | 469.1k $10.1m | Reduced -13.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 401.2k $8.7m | Reduced -51.2k |
| LPL Financial LLC 0.00% of their portfolio | 400.5k $8.7m | Added +197.6k |
| Saba Capital Management, L.P. 0.18% of their portfolio | 382.3k $8.3m | Unchanged |
| Hennion & Walsh Asset Management, Inc. 0.29% of their portfolio | 288.5k $6.2m | Added +49.8k |
| AQR Arbitrage LLC 0.13% of their portfolio | 260.3k $5.6m | Reduced -43.4k |
| WealthBridge Capital Management, LLC 1.51% of their portfolio | 243.5k $5.3m | Reduced -2.3k |
| Hara Capital LLC 3.27% of their portfolio | 243.5k $5.3m | Added +174.3k |
| Cerity Partners LLC 0.01% of their portfolio | 239.8k $5.2m | Unchanged |
| Jacobi Capital Management LLC 0.32% of their portfolio | 196.7k $4.3m | Added +7.7k |
| 1607 Capital Partners, LLC 0.31% of their portfolio | 157.2k $3.4m | Reduced -12.0k |
| Advisors Asset Management, Inc. 0.06% of their portfolio | 146.6k $3.2m | Reduced -398 |
| Steward Partners Investment Advisory, LLC 0.03% of their portfolio | 138.3k $3.0m | Added +2.9k |
| Beverly Hills Private Wealth, LLC 0.60% of their portfolio | 137.7k $3.0m | Added +30.7k |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.88% of their portfolio | 134.1k $2.9m | Reduced -19.1k |
| Elgethun Capital Management 0.67% of their portfolio | 133.0k $2.9m | New |
| Amplius Wealth Advisors, LLC 0.29% of their portfolio | 123.9k $2.7m | Reduced -1.0k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 114.2k $2.5m | Reduced -173.3k |
| Waterfront Wealth Inc. 0.58% of their portfolio | 112.5k $2.4m | Reduced -887 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 105.4k $2.3m | Reduced -2.4k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.23% of their portfolio | 104.3k $2.3m | Reduced -66.1k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 101.4k $2.2m | Reduced -548 |
| Eldridge Investment Advisors, Inc. 0.51% of their portfolio | 100.4k $2.2m | Added +16.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 89.5k $1.9m | Reduced -1.3k |
| NorthCoast Asset Management LLC 0.01% of their portfolio | 87.8k $1.9m | New |
| NINE MASTS CAPITAL Ltd 0.86% of their portfolio | 84.6k $1.8m | Added +23.0k |
| Gridiron Partners, LLC 0.99% of their portfolio | 75.9k $1.6m | Unchanged |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 71.3k $1.5m | Added +21.3k |
| Anchor Investment Management, LLC 0.14% of their portfolio | 67.9k $1.5m | Added +31 |
| Maltin Wealth Management, Inc. 0.70% of their portfolio | 66.2k $1.4m | Added +29.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 65.2k $1.4m | Reduced -5.3k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 64.4k $1.4m | Reduced -925 |
| GILL CAPITAL PARTNERS, LLC 0.45% of their portfolio | 58.3k $1.3m | Reduced -27.4k |
| LexAurum Advisors, LLC 0.28% of their portfolio | 57.9k $1.3m | Reduced -2.0k |
| PINNACLE ASSOCIATES LTD 0.02% of their portfolio | 57.1k $1.2m | Reduced -26 |
| Dakota Wealth Management 0.03% of their portfolio | 54.5k $1.2m | Unchanged |
| Matisse Capital 0.52% of their portfolio | 49.7k $1.1m | Unchanged |
| Advisory Services Network, LLC 0.02% of their portfolio | 45.6k $947.1k | Unchanged |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 45.3k $979.5k | Unchanged |
| Seed Wealth Management, Inc. 0.76% of their portfolio | 44.2k $956.0k | Reduced -2.0k |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 43.4k $938.5k | Added +1.8k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 42.6k $920.6k | Reduced -1.8k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 42.1k $909.4k | Reduced -38.5k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 41.4k $896.0k | Reduced -5.5k |
| Corient Private Wealth LP 0.00% of their portfolio | 41.2k $890.0k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 40.8k $878.0k | Added +8.7k |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 39.0k $842.5k | Added +3.5k |
| Oder Investment Management, LLC 0.70% of their portfolio | 37.7k $816.1k | Reduced -1.5k |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 34.8k $752.2k | Added +604 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 29.4k $636.0k | Added +511 |
| Private Advisor Group, LLC 0.00% of their portfolio | 29.1k $628.5k | Reduced -11.6k |
| CWM, LLC 0.00% of their portfolio | 28.5k $616.0k | Reduced -1.9k |
| PRIVATE TRUST CO NA 0.06% of their portfolio | 26.9k $581.9k | Added +101 |
| Andrew Hill Investment Advisors, Inc. 0.42% of their portfolio | 26.0k $561.6k | Reduced -2 |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 25.8k $558.2k | Unchanged |
| Magnus Financial Group LLC 0.05% of their portfolio | 24.5k $530.0k | Added +2.0k |
| ENCOMPASS WEALTH ADVISORS, LLC 0.13% of their portfolio | 24.4k $527.5k | Unchanged |
| Ackerman Capital Advisors, LLC 0.13% of their portfolio | 23.7k $511.9k | Added +13.1k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 23.5k $508.4k | Unchanged |
| Wilmington Savings Fund Society, FSB 0.01% of their portfolio | 23.5k $507.5k | Not comparable |
| RAYMOND JAMES TRUST N.A. 0.01% of their portfolio | 23.0k $497.3k | Added +3.6k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 22.7k $490.3k | Added +2.8k |
| Successful Portfolios LLC 0.32% of their portfolio | 21.7k $469.3k | Unchanged |
| TrinityPoint Wealth, LLC 0.07% of their portfolio | 21.5k $464.8k | Reduced -111 |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.01% of their portfolio | 21.2k $458.9k | Reduced -2.1k |
| Covenant Asset Management, LLC 0.10% of their portfolio | 20.4k $440.0k | Reduced -2.4k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 18.7k $403.8k | New |
| Shaker Financial Services, LLC 0.14% of their portfolio | 17.7k $383.5k | Reduced -301 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 17.6k $381.1k | Unchanged |
| Avior Wealth Management, LLC 0.02% of their portfolio | 17.6k $380.8k | Added +4.8k |
| Wealthcare Advisory Partners LLC 0.01% of their portfolio | 17.4k $376.3k | Added +33 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 17.1k $370.2k | Added +13.6k |
| Icon Wealth Advisors, LLC 0.03% of their portfolio | 16.8k $363.8k | Unchanged |
| Tamar Securities, LLC 0.05% of their portfolio | 16.8k $363.6k | Added +8 |
| Cresset Asset Management, LLC 0.00% of their portfolio | 16.7k $362.8k | Unchanged |
| Summit Financial Wealth Advisors, LLC 0.07% of their portfolio | 16.1k $347.5k | Reduced -1.0k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 15.9k $343.3k | Unchanged |
| Virtu Financial LLC 0.02% of their portfolio | 13.4k $290.0k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 13.2k $286.3k | New |
| Edge Wealth Management LLC 0.06% of their portfolio | 13.0k $281.1k | Unchanged |
| Smartleaf Asset Management LLC 0.03% of their portfolio | 12.9k $278.9k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 12.8k $275.8k | Reduced -1.7k |
| ORLEANS CAPITAL MANAGEMENT CORP/LA 0.15% of their portfolio | 12.0k $259.0k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 11.6k $250.0k | Unchanged |
| MELFA WEALTH MANAGEMENT, INC. 0.17% of their portfolio | 11.6k $250.2k | Added +8 |