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 ≈ $21.23. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q1 2025
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 |
| Q4 2024 | 141 |
| Q1 2025 | 134 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 48 | 55 |
| Q3 2023 | 49 | 56 |
| Q4 2023 | 55 | 56 |
| Q1 2024 | 49 | 57 |
| Q2 2024 | 58 | 48 |
| Q3 2024 | 52 | 54 |
| Q4 2024 | 70 | 50 |
| Q1 2025 | 57 | 56 |
Biggest buyers
| Pathstone Holdings, LLC | Added | +683.8k |
| Tortoise Investment Management, LLC | Added | +287.5k |
| Saba Capital Management, L.P. | Added | +262.7k |
| Karpus Management, Inc. | Added | +199.5k |
| MacKay Shields LLC | Added | +162.2k |
| MORGAN STANLEY | Added | +68.1k |
| Almitas Capital LLC | Added | +57.8k |
| IEQ CAPITAL, LLC | New | +47.0k |
| B. Riley Wealth Advisors, Inc. | New | +44.0k |
| LPL Financial LLC | Added | +37.1k |
Biggest sellers
| Logan Stone Capital, LLC | Reduced | -409.5k |
| Hara Capital LLC | Reduced | -124.6k |
| VAN ECK ASSOCIATES CORP | Reduced | -103.5k |
| Cerity Partners LLC | Reduced | -97.8k |
| NINE MASTS CAPITAL Ltd | Sold out | -84.6k |
| AQR Arbitrage LLC | Reduced | -54.1k |
| UBS Group AG | Reduced | -49.7k |
| Corient Private Wealth LP | Sold out | -36.4k |
| Advisors Asset Management, Inc. | Reduced | -34.4k |
| Independent Advisor Alliance | Sold out | -29.9k |
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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $211 | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Karpus Management, Inc. 2.07% of their portfolio | 3.0m $64.0m | Added +199.5k |
| Pathstone Holdings, LLC 0.15% of their portfolio | 1.6m $34.9m | Added +683.8k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 1.76% of their portfolio | 1.6m $33.2m | Reduced -2.7k |
| MacKay Shields LLC 1.07% of their portfolio | 1.6m $33.2m | Added +162.2k |
| Almitas Capital LLC 10.98% of their portfolio | 1.6m $33.1m | Added +57.8k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 1.4m $28.9m | Added +23.4k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $27.3m | Added +68.1k |
| Tortoise Investment Management, LLC 2.40% of their portfolio | 1.1m $23.1m | Added +287.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 860.6k $18.3m | Added +12.6k |
| Saba Capital Management, L.P. 0.47% of their portfolio | 802.6k $17.0m | Added +262.7k |
| UBS Group AG 0.00% of their portfolio | 729.9k $15.5m | Reduced -49.7k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.59% of their portfolio | 698.3k $14.8m | Unchanged |
| SENTINEL TRUST CO LBA 1.46% of their portfolio | 581.7k $12.3m | Added +23.6k |
| Merit Financial Group, LLC 0.15% of their portfolio | 475.1k $10.1m | Reduced -1.9k |
| LPL Financial LLC 0.00% of their portfolio | 460.3k $9.8m | Added +37.1k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 457.6k $9.7m | Reduced -103.5k |
| Logan Stone Capital, LLC 4.41% of their portfolio | 445.5k $9.5m | Reduced -409.5k |
| Narwhal Capital Management 0.80% of their portfolio | 423.3k $9.0m | Reduced -13.8k |
| Hennion & Walsh Asset Management, Inc. 0.35% of their portfolio | 373.3k $7.9m | Added +13.9k |
| 1607 Capital Partners, LLC 0.56% of their portfolio | 327.9k $7.0m | Added +12.9k |
| NorthCoast Asset Management LLC 0.03% of their portfolio | 280.2k $5.9m | Added +17.4k |
| WealthBridge Capital Management, LLC 1.36% of their portfolio | 227.4k $4.8m | Reduced -6.1k |
| Jacobi Capital Management LLC 0.34% of their portfolio | 216.0k $4.6m | Added +12.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 201.9k $4.3m | Reduced -6.1k |
| Beverly Hills Private Wealth, LLC 0.73% of their portfolio | 173.2k $3.7m | Added +25.9k |
| AQR Arbitrage LLC 0.08% of their portfolio | 153.3k $3.2m | Reduced -54.1k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 143.7k $3.1m | Added +2.3k |
| Cerity Partners LLC 0.01% of their portfolio | 143.4k $3.0m | Reduced -97.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 138.1k $2.9m | Reduced -11.4k |
| Elgethun Capital Management 0.63% of their portfolio | 132.1k $2.8m | Reduced -837 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 126.4k $2.7m | Added +25.8k |
| Scarborough Advisors, LLC 0.36% of their portfolio | 117.4k $2.5m | Added +1.2k |
| Steward Partners Investment Advisory, LLC 0.02% of their portfolio | 114.7k $2.4m | Reduced -15.0k |
| Maltin Wealth Management, Inc. 1.13% of their portfolio | 113.4k $2.4m | Added +12.2k |
| Waterfront Wealth Inc. 0.58% of their portfolio | 112.3k $2.4m | Reduced -4.9k |
| Eldridge Investment Advisors, Inc. 0.54% of their portfolio | 109.5k $2.3m | Added +6.9k |
| Advisors Asset Management, Inc. 0.04% of their portfolio | 109.1k $2.3m | Reduced -34.4k |
| Amplius Wealth Advisors, LLC 0.23% of their portfolio | 105.2k $2.2m | Reduced -2.8k |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.66% of their portfolio | 103.7k $2.2m | Reduced -10.3k |
| Matisse Capital 1.13% of their portfolio | 100.7k $2.1m | Unchanged |
| Hara Capital LLC 1.40% of their portfolio | 97.3k $2.1m | Reduced -124.6k |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 95.5k $2.0m | Added +16.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 90.3k $1.9m | Added +1.7k |
| Dakota Wealth Management 0.04% of their portfolio | 82.0k $1.7m | Added +11.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 77.6k $1.6m | Reduced -27.8k |
| Gridiron Partners, LLC 1.03% of their portfolio | 75.9k $1.6m | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 70.5k $1.5m | Added +13.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 70.5k $1.5m | Added +1.4k |
| Anchor Investment Management, LLC 0.13% of their portfolio | 67.9k $1.4m | Added +14 |
| Seed Wealth Management, Inc. 1.08% of their portfolio | 62.7k $1.3m | Unchanged |
| Baird Financial Group, Inc. 0.00% of their portfolio | 61.5k $1.3m | Reduced -469 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.11% of their portfolio | 60.5k $1.3m | Added +5.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 57.6k $1.2m | Added +986 |
| PINNACLE ASSOCIATES LTD 0.02% of their portfolio | 55.2k $1.2m | Added +9 |
| GILL CAPITAL PARTNERS, LLC 0.38% of their portfolio | 52.0k $1.1m | Unchanged |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 48.7k $1.0m | Reduced -24.7k |
| LexAurum Advisors, LLC 0.19% of their portfolio | 47.3k $1.0m | Reduced -8.9k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 47.0k $998.1k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 46.9k $996.0k | Reduced -12.3k |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 45.3k $961.8k | Unchanged |
| B. Riley Wealth Advisors, Inc. 0.03% of their portfolio | 44.0k $934.2k | New |
| Private Advisor Group, LLC 0.01% of their portfolio | 42.7k $906.1k | Reduced -499 |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 38.5k $817.8k | Added +3.7k |
| Oder Investment Management, LLC 0.68% of their portfolio | 37.8k $803.0k | Added +25 |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 37.4k $794.9k | Added +12.4k |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 32.0k $679.5k | Reduced -3.9k |
| Avior Wealth Management, LLC 0.02% of their portfolio | 30.3k $643.5k | Added +8.6k |
| PRIVATE TRUST CO NA 0.06% of their portfolio | 29.7k $629.8k | Reduced -1.0k |
| Andrew Hill Investment Advisors, Inc. 0.56% of their portfolio | 27.3k $580.1k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 25.8k $547.0k | Reduced -734 |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 24.8k $526.6k | Reduced -9.4k |
| ENCOMPASS WEALTH ADVISORS, LLC 0.21% of their portfolio | 24.4k $518.0k | Unchanged |
| PETRA FINANCIAL ADVISORS INC 0.42% of their portfolio | 24.1k $511.5k | Added +8.9k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 23.5k $499.2k | Unchanged |
| Wilmington Savings Fund Society, FSB 0.01% of their portfolio | 23.5k $498.4k | Unchanged |
| Advisory Services Network, LLC 0.01% of their portfolio | 22.9k $485.5k | Reduced -8.0k |
| Magnus Financial Group LLC 0.05% of their portfolio | 22.9k $485.2k | Reduced -74 |
| Successful Portfolios LLC 0.31% of their portfolio | 21.7k $460.8k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 20.7k $438.5k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 19.5k $414.0k | Reduced -9.1k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.32% of their portfolio | 19.2k $407.3k | Added +3.9k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 18.9k $401.2k | Added +72 |
| Covenant Asset Management, LLC 0.10% of their portfolio | 18.5k $392.5k | Reduced -1.9k |
| Tamar Securities, LLC 0.05% of their portfolio | 16.8k $357.4k | Added +5 |
| Icon Wealth Advisors, LLC 0.03% of their portfolio | 16.8k $357.2k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 16.0k $339.7k | New |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 15.0k $318.4k | Added +3.3k |
| Ritter Daniher Financial Advisory LLC / DE 0.09% of their portfolio | 14.9k $317.0k | Added +10.2k |
| Smith Asset Management Co., LLC 0.29% of their portfolio | 14.7k $311.9k | Unchanged |
| Ackerman Capital Advisors, LLC 0.08% of their portfolio | 14.6k $309.7k | Reduced -9.7k |
| Virtu Financial LLC 0.02% of their portfolio | 14.0k $298.0k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.06% of their portfolio | 13.7k $290.9k | Added +200 |
| Summit Financial Wealth Advisors, LLC 0.06% of their portfolio | 13.7k $289.8k | Reduced -2.2k |
| CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio | 13.5k $287.4k | Unchanged |
| Edge Wealth Management LLC 0.06% of their portfolio | 13.0k $276.0k | Unchanged |
| Shaker Financial Services, LLC 0.11% of their portfolio | 13.0k $276.6k | Reduced -145 |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 12.7k $270.0k | Added +1.1k |
| Cetera Investment Advisers 0.00% of their portfolio | 12.3k $260.6k | Added +104 |
| Wealthcare Advisory Partners LLC 0.01% of their portfolio | 12.3k $260.6k | Reduced -5.2k |
| MELFA WEALTH MANAGEMENT, INC. 0.17% of their portfolio | 11.6k $246.0k | Added +6 |