Vault-13

BLACKROCK MUN TARGET TERM TR BTT

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

141 institutional holders +13 vs Q3 2024
24,155,11724.2m shares reported held*
$497.4mreported value*
19 new 51 added 39 reduced 11 sold out net bought ≈ $49.6m (+2.4m 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 ≈ $20.59. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 108Q4 22: 120Q1 23: 117Q2 23: 119Q3 23: 115Q4 23: 127Q1 24: 123Q2 24: 128Q3 24: 128Q4 24: 141141Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022108
Q4 2022120
Q1 2023117
Q2 2023119
Q3 2023115
Q4 2023127
Q1 2024123
Q2 2024128
Q3 2024128
Q4 2024141

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 23: 54 bought or addedQ1 23: 45 cut or sold outQ2 23: 48 bought or addedQ2 23: 55 cut or sold outQ2 23Q3 23: 49 bought or addedQ3 23: 56 cut or sold outQ4 23: 55 bought or addedQ4 23: 56 cut or sold outQ4 23Q1 24: 49 bought or addedQ1 24: 57 cut or sold outQ2 24: 58 bought or addedQ2 24: 48 cut or sold outQ2 24Q3 24: 52 bought or addedQ3 24: 54 cut or sold outQ4 24: 70 bought or addedQ4 24: 50 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20235445
Q2 20234855
Q3 20234956
Q4 20235556
Q1 20244957
Q2 20245848
Q3 20245254
Q4 20247050

Biggest buyers

Almitas Capital LLC Added +964,150+964.1k
Pathstone Holdings, LLC Added +460,836+460.8k
Allspring Global Investments Holdings, LLC Added +243,776+243.8k
Karpus Management, Inc. Added +231,758+231.8k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +182,949+182.9k
Tortoise Investment Management, LLC Added +180,475+180.5k
NorthCoast Asset Management LLC Added +175,022+175.0k
1607 Capital Partners, LLC Added +157,784+157.8k
Saba Capital Management, L.P. Added +157,536+157.5k
Scarborough Advisors, LLC New +116,262+116.3k

Biggest sellers

STIFEL FINANCIAL CORP Reduced -193,178-193.2k
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -192,145-192.1k
BANK OF AMERICA CORP /DE/ Reduced -162,769-162.8k
MORGAN STANLEY Reduced -131,553-131.6k
Logan Stone Capital, LLC Reduced -113,951-114.0k
AQR Arbitrage LLC Reduced -52,813-52.8k
UBS Group AG Reduced -50,011-50.0k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -49,295-49.3k
Narwhal Capital Management Reduced -31,984-32.0k
Hara Capital LLC Reduced -21,621-21.6k

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 Q4 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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 0 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 1 buyingQ4 24: 0 sellingQ4 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20241$2110——
DateInsiderTradeSharesPrice ValueTheir holding
2024-10-29 Harris Stayce D. Director Bought 10 $21.14 $21110 shares new

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Karpus Management, Inc. 1.71% of their portfolio Pittsford, NY 2,813,2802.8m $57.9m $57.9m 1.71% Added +231.8k +231,758
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 1.55% of their portfolio WEST PALM BEACH, FL 1,568,8691.6m $32.3m $32.3m 1.55% Reduced -192.1k -192,145
3 Almitas Capital LLC 6.78% of their portfolio SANTA MONICA, CA 1,501,0611.5m $30.9m $30.9m 6.78% Added +964.1k +964,150
4 MacKay Shields LLC 0.85% of their portfolio New York, NY 1,401,7011.4m $28.9m $28.9m 0.85% Unchanged
5 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 1,335,7881.3m $27.5m $27.5m 0.04% Added +243.8k +243,776
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,217,5581.2m $25.1m $25.1m 0.00% Reduced -131.6k -131,553
7 Pathstone Holdings, LLC 0.09% of their portfolio ENGLEWOOD, NJ 958,519958.5k $19.7m $19.7m 0.09% Added +460.8k +460,836
8 Logan Stone Capital, LLC 5.89% of their portfolio CHICAGO, IL 855,041855.0k $17.6m $17.6m 5.89% Reduced -114.0k -113,951
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 848,019848.0k $17.5m $17.5m 0.00% Reduced -162.8k -162,769
10 Tortoise Investment Management, LLC 1.74% of their portfolio WHITE PLAINS, NY 798,802798.8k $16.4m $16.4m 1.74% Added +180.5k +180,475
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 779,600779.6k $16.1m $16.1m 0.00% Reduced -50.0k -50,011
12 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.43% of their portfolio London, X0 698,278698.3k $14.4m $14.4m 1.43% Added +182.9k +182,949
13 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 561,113561.1k $11.6m $11.6m 0.01% Added +21.2k +21,179
14 SENTINEL TRUST CO LBA 1.32% of their portfolio HOUSTON, TX 558,146558.1k $11.5m $11.5m 1.32% Added +49.2k +49,225
15 Saba Capital Management, L.P. 0.28% of their portfolio NEW YORK, NY 539,880539.9k $11.1m $11.1m 0.28% Added +157.5k +157,536
16 Merit Financial Group, LLC 0.18% of their portfolio ALPHARETTA, GA 477,034477.0k $9.8m $9.8m 0.18% Reduced -3.7k -3,749
17 Narwhal Capital Management 0.80% of their portfolio MARIETTA, GA 437,070437.1k $9.0m $9.0m 0.80% Reduced -32.0k -31,984
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 423,159423.2k $8.7m $8.7m 0.00% Added +22.7k +22,700
19 Hennion & Walsh Asset Management, Inc. 0.33% of their portfolio Parsippany, NJ 359,403359.4k $7.4m $7.4m 0.33% Added +71.0k +70,952
20 1607 Capital Partners, LLC 0.52% of their portfolio Richmond, VA 315,019315.0k $6.5m $6.5m 0.52% Added +157.8k +157,784
21 NorthCoast Asset Management LLC 0.03% of their portfolio STAMFORD, CT 262,825262.8k $5.4m $5.4m 0.03% Added +175.0k +175,022
22 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 241,286241.3k $5.0m $5.0m 0.01% Added +1.4k +1,450
23 WealthBridge Capital Management, LLC 1.34% of their portfolio WESTERVILLE, OH 233,521233.5k $4.8m $4.8m 1.34% Reduced -10.0k -9,995
24 Hara Capital LLC 1.46% of their portfolio BELLEVUE, WA 221,894221.9k $4.6m $4.6m 1.46% Reduced -21.6k -21,621
25 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 207,997208.0k $4.3m $4.3m 0.00% Reduced -193.2k -193,178
26 AQR Arbitrage LLC 0.10% of their portfolio Greenwich, CT 207,479207.5k $4.3m $4.3m 0.10% Reduced -52.8k -52,813
27 Jacobi Capital Management LLC 0.31% of their portfolio PITTSTON, PA 203,179203.2k $4.2m $4.2m 0.31% Added +6.5k +6,490
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 149,542149.5k $3.1m $3.1m 0.00% First filing
29 Beverly Hills Private Wealth, LLC 0.61% of their portfolio BEVERLY HILLS, CA 147,253147.3k $3.0m $3.0m 0.61% Added +9.6k +9,590
30 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 143,503143.5k $3.0m $3.0m 0.05% Reduced -3.1k -3,071
31 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 141,461141.5k $2.9m $2.9m 0.01% Added +27.3k +27,272
32 Elgethun Capital Management 0.66% of their portfolio SIOUX FALLS, SD 132,918132.9k $2.7m $2.7m 0.66% Reduced -71 -71
33 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 129,653129.7k $2.7m $2.7m 0.02% Reduced -8.6k -8,646
34 Waterfront Wealth Inc. 0.59% of their portfolio OVERLAND PARK, KS 117,125117.1k $2.4m $2.4m 0.59% Added +4.7k +4,652
35 Scarborough Advisors, LLC 0.34% of their portfolio ANNAPOLIS, MD 116,262116.3k $2.4m $2.4m 0.34% New
36 WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.71% of their portfolio SOUTH BEND, IN 113,969114.0k $2.3m $2.3m 0.71% Reduced -20.1k -20,090
37 Amplius Wealth Advisors, LLC 0.23% of their portfolio BLUE BELL, PA 107,987108.0k $2.2m $2.2m 0.23% Reduced -15.9k -15,930
38 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 105,381105.4k $2.2m $2.2m 0.00% Reduced -35 -35
39 Eldridge Investment Advisors, Inc. 0.49% of their portfolio MANCHESTER, NH 102,668102.7k $2.1m $2.1m 0.49% Added +2.3k +2,274
40 Maltin Wealth Management, Inc. 1.02% of their portfolio RIDGEWOOD, NJ 101,191101.2k $2.1m $2.1m 1.02% Added +35.0k +34,995
41 Matisse Capital 1.05% of their portfolio PORTLAND, OR 100,739100.7k $2.1m $2.1m 1.05% Added +51.0k +51,042
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 100,633100.6k $2.1m $2.1m 0.00% New
43 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 88,64488.6k $1.8m $1.8m 0.00% Reduced -849 -849
44 NINE MASTS CAPITAL Ltd 0.32% of their portfolio CENTRAL, K3 84,63484.6k $1.7m $1.7m 0.32% Unchanged
45 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 79,34879.3k $1.6m $1.6m 0.02% New
46 Gridiron Partners, LLC 0.99% of their portfolio Wexford, PA 75,85575.9k $1.6m $1.6m 0.99% Unchanged
47 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 73,34373.3k $1.5m $1.5m 0.01% Added +2.0k +2,041
48 Dakota Wealth Management 0.03% of their portfolio PALM BEACH GARDENS, FL 70,90070.9k $1.5m $1.5m 0.03% Added +16.4k +16,400
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 69,08269.1k $1.4m $1.4m 0.00% Added +27.0k +27,018
50 Anchor Investment Management, LLC 0.13% of their portfolio COLUMBIA, SC 67,93167.9k $1.4m $1.4m 0.13% Added +37 +37
51 Seed Wealth Management, Inc. 1.04% of their portfolio EVANSTON, IL 62,72062.7k $1.3m $1.3m 1.04% Added +18.5k +18,500
52 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 61,93061.9k $1.3m $1.3m 0.00% Reduced -2.5k -2,497
53 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 59,16759.2k $1.2m $1.2m 0.00% Added +18.4k +18,374
54 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 57,44957.4k $1.2m $1.2m 0.02% Added +14.0k +14,040
55 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 56,57456.6k $1.2m $1.2m 0.00% Reduced -8.6k -8,582
56 LexAurum Advisors, LLC 0.23% of their portfolio OVERLAND PARK, KS 56,25756.3k $1.2m $1.2m 0.23% Reduced -1.6k -1,635
57 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 55,15055.1k $1.1m $1.1m 0.02% Reduced -1.9k -1,914
58 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.12% of their portfolio Englewood, NJ 55,02855.0k $1.1m $1.1m 0.12% Reduced -49.3k -49,295
59 GILL CAPITAL PARTNERS, LLC 0.38% of their portfolio DENVER, CO 51,96252.0k $1.1m $1.1m 0.38% Reduced -6.4k -6,378
60 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 45,30445.3k $932.8k $932.8k 0.01% Unchanged
61 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 43,17843.2k $889.0k $889.0k 0.01% Added +14.1k +14,106
62 Oder Investment Management, LLC 0.65% of their portfolio WOODLAND HILLS, CA 37,79937.8k $778.3k $778.3k 0.65% Added +51 +51
63 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 36,36036.4k $748.7k $748.7k 0.00% Reduced -4.8k -4,805
64 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 35,88335.9k $738.8k $738.8k 0.01% Reduced -3.1k -3,085
65 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 34,79734.8k $716.5k $716.5k 0.01% Added +5 +5
66 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 34,20234.2k $704.2k $704.2k 0.01% Reduced -7.2k -7,241
67 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 30,84130.8k $635.0k $635.0k 0.01% Reduced -14.8k -14,760
68 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 30,66730.7k $631.4k $631.4k 0.06% Added +3.8k +3,750
69 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 29,90129.9k $615.7k $615.7k 0.01% New
70 CWM, LLC 0.00% of their portfolio OMAHA, NE 28,58828.6k $589.0k $589.0k 0.00% Added +116 +116
71 Andrew Hill Investment Advisors, Inc. 0.42% of their portfolio NAPLES, FL 27,32427.3k $562.6k $562.6k 0.42% Added +1.4k +1,350
72 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 26,48426.5k $545.0k $545.0k 0.00% Reduced -2.9k -2,949
73 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 25,02025.0k $515.2k $515.2k 0.01% Reduced -800 -800
74 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 24,80324.8k $510.0k $510.0k 0.00% New
75 ENCOMPASS WEALTH ADVISORS, LLC 0.20% of their portfolio PORTLAND, OR 24,40024.4k $502.4k $502.4k 0.20% Unchanged
76 Ackerman Capital Advisors, LLC 0.13% of their portfolio DALLAS, TX 24,24324.2k $499.2k $499.2k 0.13% Added +564 +564
77 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 23,51523.5k $484.2k $484.2k 0.00% Unchanged
78 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 23,47523.5k $483.4k $483.4k 0.01% Unchanged
79 Magnus Financial Group LLC 0.05% of their portfolio NEW YORK, NY 22,92822.9k $472.1k $472.1k 0.05% Reduced -1.6k -1,588
80 Successful Portfolios LLC 0.30% of their portfolio CLEARWATER, FL 21,70721.7k $446.9k $446.9k 0.30% Unchanged
81 Avior Wealth Management, LLC 0.02% of their portfolio OMAHA, NE 21,67021.7k $446.2k $446.2k 0.02% Added +4.1k +4,056
82 MONETA GROUP INVESTMENT ADVISORS LLC 0.01% of their portfolio ST LOUIS, MO 21,41221.4k $440.9k $440.9k 0.01% Added +187 +187
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,65620.7k $425.3k $425.3k 0.00% Added +3.5k +3,535
84 Covenant Asset Management, LLC 0.09% of their portfolio CHESTER, NJ 20,35020.4k $419.0k $419.0k 0.09% Unchanged
85 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 18,82518.8k $387.6k $387.6k 0.01% Added +146 +146
86 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 17,45017.4k $359.3k $359.3k 0.01% Added +43 +43
87 Tamar Securities, LLC 0.05% of their portfolio Woodland Hills, CA 16,83016.8k $346.5k $346.5k 0.05% Added +10 +10
88 Icon Wealth Advisors, LLC 0.03% of their portfolio HOUSTON, TX 16,82516.8k $346.4k $346.4k 0.03% Unchanged
89 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 16,65916.7k $343.0k $343.0k 0.01% New
90 Summit Financial Wealth Advisors, LLC 0.07% of their portfolio Lafayette, LA 15,85015.8k $334.4k $334.4k 0.07% Reduced -225 -225
91 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 15,50015.5k $319.1k $319.1k 0.00% New
92 INTEGRATED CAPITAL MANAGEMENT, INC. 0.25% of their portfolio JESSUP, PA 15,26315.3k $314.2k $314.2k 0.25% New
93 PETRA FINANCIAL ADVISORS INC 0.21% of their portfolio COLORADO SRPINGS, CO 15,19515.2k $312.9k $312.9k 0.21% New
94 Smith Asset Management Co., LLC 0.29% of their portfolio Chiefland, FL 14,68914.7k $302.5k $302.5k 0.29% First filing
95 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 13,53913.5k $278.8k $278.8k 0.01% First filing
96 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.05% of their portfolio BLUE BELL, PA 13,50013.5k $278.0k $278.0k 0.05% Added +13.4k +13,400
97 Shaker Financial Services, LLC 0.10% of their portfolio Arlington, VA 13,14313.1k $270.6k $270.6k 0.10% Reduced -4.6k -4,556
98 Edge Wealth Management LLC 0.05% of their portfolio NEW YORK, NY 13,00013.0k $267.7k $267.7k 0.05% Unchanged
99 Generation Capital Management LLC 0.22% of their portfolio PITTSFORD, NY 12,39012.4k $255.1k $255.1k 0.22% First filing
100 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 12,17312.2k $250.6k $250.6k 0.00% Reduced -585 -585