Vault-13

BLACKROCK MUN TARGET TERM TR BTT

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

134 institutional holders -7 vs Q4 2024
24,990,77225.0m shares reported held*
$530.6mreported value*
8 new 49 added 42 reduced 14 sold out net bought ≈ $17.8m (+837.7k 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 ≈ $21.23. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q1 2025

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: 141Q1 25: 134134Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022108
Q4 2022120
Q1 2023117
Q2 2023119
Q3 2023115
Q4 2023127
Q1 2024123
Q2 2024128
Q3 2024128
Q4 2024141
Q1 2025134

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 48 bought or addedQ2 23: 55 cut or sold outQ3 23: 49 bought or addedQ3 23: 56 cut or sold outQ3 23Q4 23: 55 bought or addedQ4 23: 56 cut or sold outQ1 24: 49 bought or addedQ1 24: 57 cut or sold outQ1 24Q2 24: 58 bought or addedQ2 24: 48 cut or sold outQ3 24: 52 bought or addedQ3 24: 54 cut or sold outQ3 24Q4 24: 70 bought or addedQ4 24: 50 cut or sold outQ1 25: 57 bought or addedQ1 25: 56 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20234855
Q3 20234956
Q4 20235556
Q1 20244957
Q2 20245848
Q3 20245254
Q4 20247050
Q1 20255756

Biggest buyers

Pathstone Holdings, LLC Added +683,831+683.8k
Tortoise Investment Management, LLC Added +287,544+287.5k
Saba Capital Management, L.P. Added +262,704+262.7k
Karpus Management, Inc. Added +199,462+199.5k
MacKay Shields LLC Added +162,206+162.2k
MORGAN STANLEY Added +68,129+68.1k
Almitas Capital LLC Added +57,801+57.8k
IEQ CAPITAL, LLC New +47,015+47.0k
B. Riley Wealth Advisors, Inc. New +44,005+44.0k
LPL Financial LLC Added +37,108+37.1k

Biggest sellers

Logan Stone Capital, LLC Reduced -409,547-409.5k
Hara Capital LLC Reduced -124,572-124.6k
VAN ECK ASSOCIATES CORP Reduced -103,494-103.5k
Cerity Partners LLC Reduced -97,836-97.8k
NINE MASTS CAPITAL Ltd Sold out -84,634-84.6k
AQR Arbitrage LLC Reduced -54,148-54.1k
UBS Group AG Reduced -49,704-49.7k
Corient Private Wealth LP Sold out -36,360-36.4k
Advisors Asset Management, Inc. Reduced -34,424-34.4k
Independent Advisor Alliance Sold out -29,901-29.9k

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 Q1 2025

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
101Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20241$2110——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Karpus Management, Inc. 2.07% of their portfolio Pittsford, NY 3,012,7423.0m $64.0m $64.0m 2.07% Added +199.5k +199,462
2 Pathstone Holdings, LLC 0.15% of their portfolio ENGLEWOOD, NJ 1,642,3501.6m $34.9m $34.9m 0.15% Added +683.8k +683,831
3 RIVERNORTH CAPITAL MANAGEMENT, LLC 1.76% of their portfolio WEST PALM BEACH, FL 1,566,1741.6m $33.2m $33.2m 1.76% Reduced -2.7k -2,695
4 MacKay Shields LLC 1.07% of their portfolio New York, NY 1,563,9071.6m $33.2m $33.2m 1.07% Added +162.2k +162,206
5 Almitas Capital LLC 10.98% of their portfolio SANTA MONICA, CA 1,558,8621.6m $33.1m $33.1m 10.98% Added +57.8k +57,801
6 Allspring Global Investments Holdings, LLC 0.05% of their portfolio CHARLOTTE, NC 1,359,1821.4m $28.9m $28.9m 0.05% Added +23.4k +23,394
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,285,6871.3m $27.3m $27.3m 0.00% Added +68.1k +68,129
8 Tortoise Investment Management, LLC 2.40% of their portfolio WHITE PLAINS, NY 1,086,3461.1m $23.1m $23.1m 2.40% Added +287.5k +287,544
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 860,600860.6k $18.3m $18.3m 0.00% Added +12.6k +12,581
10 Saba Capital Management, L.P. 0.47% of their portfolio NEW YORK, NY 802,584802.6k $17.0m $17.0m 0.47% Added +262.7k +262,704
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 729,896729.9k $15.5m $15.5m 0.00% Reduced -49.7k -49,704
12 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.59% of their portfolio London, X0 698,278698.3k $14.8m $14.8m 1.59% Unchanged
13 SENTINEL TRUST CO LBA 1.46% of their portfolio HOUSTON, TX 581,696581.7k $12.3m $12.3m 1.46% Added +23.6k +23,550
14 Merit Financial Group, LLC 0.15% of their portfolio ALPHARETTA, GA 475,134475.1k $10.1m $10.1m 0.15% Reduced -1.9k -1,900
15 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 460,267460.3k $9.8m $9.8m 0.00% Added +37.1k +37,108
16 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 457,619457.6k $9.7m $9.7m 0.01% Reduced -103.5k -103,494
17 Logan Stone Capital, LLC 4.41% of their portfolio CHICAGO, IL 445,494445.5k $9.5m $9.5m 4.41% Reduced -409.5k -409,547
18 Narwhal Capital Management 0.80% of their portfolio MARIETTA, GA 423,311423.3k $9.0m $9.0m 0.80% Reduced -13.8k -13,759
19 Hennion & Walsh Asset Management, Inc. 0.35% of their portfolio Parsippany, NJ 373,274373.3k $7.9m $7.9m 0.35% Added +13.9k +13,871
20 1607 Capital Partners, LLC 0.56% of their portfolio Richmond, VA 327,919327.9k $7.0m $7.0m 0.56% Added +12.9k +12,900
21 NorthCoast Asset Management LLC 0.03% of their portfolio STAMFORD, CT 280,185280.2k $5.9m $5.9m 0.03% Added +17.4k +17,360
22 WealthBridge Capital Management, LLC 1.36% of their portfolio WESTERVILLE, OH 227,380227.4k $4.8m $4.8m 1.36% Reduced -6.1k -6,141
23 Jacobi Capital Management LLC 0.34% of their portfolio PITTSTON, PA 215,992216.0k $4.6m $4.6m 0.34% Added +12.8k +12,813
24 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 201,870201.9k $4.3m $4.3m 0.00% Reduced -6.1k -6,127
25 Beverly Hills Private Wealth, LLC 0.73% of their portfolio BEVERLY HILLS, CA 173,181173.2k $3.7m $3.7m 0.73% Added +25.9k +25,928
26 AQR Arbitrage LLC 0.08% of their portfolio Greenwich, CT 153,331153.3k $3.2m $3.2m 0.08% Reduced -54.1k -54,148
27 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 143,723143.7k $3.1m $3.1m 0.01% Added +2.3k +2,262
28 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 143,450143.4k $3.0m $3.0m 0.01% Reduced -97.8k -97,836
29 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 138,105138.1k $2.9m $2.9m 0.00% Reduced -11.4k -11,437
30 Elgethun Capital Management 0.63% of their portfolio SIOUX FALLS, SD 132,081132.1k $2.8m $2.8m 0.63% Reduced -837 -837
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 126,408126.4k $2.7m $2.7m 0.00% Added +25.8k +25,775
32 Scarborough Advisors, LLC 0.36% of their portfolio ANNAPOLIS, MD 117,416117.4k $2.5m $2.5m 0.36% Added +1.2k +1,154
33 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 114,661114.7k $2.4m $2.4m 0.02% Reduced -15.0k -14,992
34 Maltin Wealth Management, Inc. 1.13% of their portfolio RIDGEWOOD, NJ 113,410113.4k $2.4m $2.4m 1.13% Added +12.2k +12,219
35 Waterfront Wealth Inc. 0.58% of their portfolio OVERLAND PARK, KS 112,252112.3k $2.4m $2.4m 0.58% Reduced -4.9k -4,873
36 Eldridge Investment Advisors, Inc. 0.54% of their portfolio MANCHESTER, NH 109,535109.5k $2.3m $2.3m 0.54% Added +6.9k +6,867
37 Advisors Asset Management, Inc. 0.04% of their portfolio Monument, CO 109,079109.1k $2.3m $2.3m 0.04% Reduced -34.4k -34,424
38 Amplius Wealth Advisors, LLC 0.23% of their portfolio BLUE BELL, PA 105,210105.2k $2.2m $2.2m 0.23% Reduced -2.8k -2,777
39 WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.66% of their portfolio SOUTH BEND, IN 103,686103.7k $2.2m $2.2m 0.66% Reduced -10.3k -10,283
40 Matisse Capital 1.13% of their portfolio PORTLAND, OR 100,739100.7k $2.1m $2.1m 1.13% Unchanged
41 Hara Capital LLC 1.40% of their portfolio BELLEVUE, WA 97,32297.3k $2.1m $2.1m 1.40% Reduced -124.6k -124,572
42 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 95,51695.5k $2.0m $2.0m 0.02% Added +16.2k +16,168
43 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 90,32690.3k $1.9m $1.9m 0.00% Added +1.7k +1,682
44 Dakota Wealth Management 0.04% of their portfolio PALM BEACH GARDENS, FL 82,00082.0k $1.7m $1.7m 0.04% Added +11.1k +11,100
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 77,58777.6k $1.6m $1.6m 0.00% Reduced -27.8k -27,794
46 Gridiron Partners, LLC 1.03% of their portfolio Wexford, PA 75,85575.9k $1.6m $1.6m 1.03% Unchanged
47 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 70,53070.5k $1.5m $1.5m 0.03% Added +13.1k +13,081
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 70,48270.5k $1.5m $1.5m 0.00% Added +1.4k +1,400
49 Anchor Investment Management, LLC 0.13% of their portfolio COLUMBIA, SC 67,94567.9k $1.4m $1.4m 0.13% Added +14 +14
50 Seed Wealth Management, Inc. 1.08% of their portfolio EVANSTON, IL 62,72062.7k $1.3m $1.3m 1.08% Unchanged
51 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 61,46161.5k $1.3m $1.3m 0.00% Reduced -469 -469
52 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.11% of their portfolio Englewood, NJ 60,46160.5k $1.3m $1.3m 0.11% Added +5.4k +5,433
53 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 57,56057.6k $1.2m $1.2m 0.00% Added +986 +986
54 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 55,15955.2k $1.2m $1.2m 0.02% Added +9 +9
55 GILL CAPITAL PARTNERS, LLC 0.38% of their portfolio DENVER, CO 51,96252.0k $1.1m $1.1m 0.38% Unchanged
56 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 48,65948.7k $1.0m $1.0m 0.01% Reduced -24.7k -24,684
57 LexAurum Advisors, LLC 0.19% of their portfolio OVERLAND PARK, KS 47,32647.3k $1.0m $1.0m 0.19% Reduced -8.9k -8,931
58 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 47,01547.0k $998.1k $998.1k 0.01% New
59 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 46,91646.9k $996.0k $996.0k 0.00% Reduced -12.3k -12,251
60 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 45,30445.3k $961.8k $961.8k 0.01% Unchanged
61 B. Riley Wealth Advisors, Inc. 0.03% of their portfolio MEMPHIS, TN 44,00544.0k $934.2k $934.2k 0.03% New
62 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 42,67942.7k $906.1k $906.1k 0.01% Reduced -499 -499
63 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 38,51938.5k $817.8k $817.8k 0.01% Added +3.7k +3,722
64 Oder Investment Management, LLC 0.68% of their portfolio WOODLAND HILLS, CA 37,82437.8k $803.0k $803.0k 0.68% Added +25 +25
65 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 37,44037.4k $794.9k $794.9k 0.01% Added +12.4k +12,420
66 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 32,00832.0k $679.5k $679.5k 0.01% Reduced -3.9k -3,875
67 Avior Wealth Management, LLC 0.02% of their portfolio OMAHA, NE 30,31130.3k $643.5k $643.5k 0.02% Added +8.6k +8,641
68 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 29,66729.7k $629.8k $629.8k 0.06% Reduced -1.0k -1,000
69 Andrew Hill Investment Advisors, Inc. 0.56% of their portfolio NAPLES, FL 27,32427.3k $580.1k $580.1k 0.56% Unchanged
70 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 25,75025.8k $547.0k $547.0k 0.00% Reduced -734 -734
71 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 24,80524.8k $526.6k $526.6k 0.00% Reduced -9.4k -9,397
72 ENCOMPASS WEALTH ADVISORS, LLC 0.21% of their portfolio PORTLAND, OR 24,40024.4k $518.0k $518.0k 0.21% Unchanged
73 PETRA FINANCIAL ADVISORS INC 0.42% of their portfolio COLORADO SRPINGS, CO 24,09524.1k $511.5k $511.5k 0.42% Added +8.9k +8,900
74 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 23,51523.5k $499.2k $499.2k 0.00% Unchanged
75 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 23,47523.5k $498.4k $498.4k 0.01% Unchanged
76 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 22,86622.9k $485.5k $485.5k 0.01% Reduced -8.0k -7,975
77 Magnus Financial Group LLC 0.05% of their portfolio NEW YORK, NY 22,85422.9k $485.2k $485.2k 0.05% Reduced -74 -74
78 Successful Portfolios LLC 0.31% of their portfolio CLEARWATER, FL 21,70721.7k $460.8k $460.8k 0.31% Unchanged
79 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,65620.7k $438.5k $438.5k 0.00% Unchanged
80 CWM, LLC 0.00% of their portfolio OMAHA, NE 19,50019.5k $414.0k $414.0k 0.00% Reduced -9.1k -9,088
81 INTEGRATED CAPITAL MANAGEMENT, INC. 0.32% of their portfolio JESSUP, PA 19,18619.2k $407.3k $407.3k 0.32% Added +3.9k +3,923
82 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 18,89718.9k $401.2k $401.2k 0.01% Added +72 +72
83 Covenant Asset Management, LLC 0.10% of their portfolio CHESTER, NJ 18,49018.5k $392.5k $392.5k 0.10% Reduced -1.9k -1,860
84 Tamar Securities, LLC 0.05% of their portfolio Woodland Hills, CA 16,83516.8k $357.4k $357.4k 0.05% Added +5 +5
85 Icon Wealth Advisors, LLC 0.03% of their portfolio HOUSTON, TX 16,82516.8k $357.2k $357.2k 0.03% Unchanged
86 BlackRock, Inc. 0.00% of their portfolio New York, NY 16,00016.0k $339.7k $339.7k 0.00% New
87 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 14,99715.0k $318.4k $318.4k 0.00% Added +3.3k +3,319
88 Ritter Daniher Financial Advisory LLC / DE 0.09% of their portfolio CINCINNATI, OH 14,93214.9k $317.0k $317.0k 0.09% Added +10.2k +10,169
89 Smith Asset Management Co., LLC 0.29% of their portfolio Chiefland, FL 14,68914.7k $311.9k $311.9k 0.29% Unchanged
90 Ackerman Capital Advisors, LLC 0.08% of their portfolio DALLAS, TX 14,59014.6k $309.7k $309.7k 0.08% Reduced -9.7k -9,653
91 Virtu Financial LLC 0.02% of their portfolio New York, NY 14,02814.0k $298.0k $298.0k 0.02% New
92 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.06% of their portfolio BLUE BELL, PA 13,70013.7k $290.9k $290.9k 0.06% Added +200 +200
93 Summit Financial Wealth Advisors, LLC 0.06% of their portfolio Lafayette, LA 13,65013.7k $289.8k $289.8k 0.06% Reduced -2.2k -2,200
94 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 13,53913.5k $287.4k $287.4k 0.01% Unchanged
95 Edge Wealth Management LLC 0.06% of their portfolio NEW YORK, NY 13,00013.0k $276.0k $276.0k 0.06% Unchanged
96 Shaker Financial Services, LLC 0.11% of their portfolio Arlington, VA 12,99813.0k $276.6k $276.6k 0.11% Reduced -145 -145
97 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 12,72012.7k $270.0k $270.0k 0.00% Added +1.1k +1,054
98 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 12,27712.3k $260.6k $260.6k 0.00% Added +104 +104
99 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 12,27312.3k $260.6k $260.6k 0.01% Reduced -5.2k -5,177
100 MELFA WEALTH MANAGEMENT, INC. 0.17% of their portfolio WESTBOROUGH, MA 11,59011.6k $246.0k $246.0k 0.17% Added +6 +6