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 ≈ $21.90. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 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 |
| Q2 2025 | 132 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 57 | 51 |
Biggest buyers
| Karpus Management, Inc. | Added | +575.1k |
| Pathstone Holdings, LLC | Added | +481.3k |
| Rockefeller Capital Management L.P. | Added | +107.4k |
| Tortoise Investment Management, LLC | Added | +103.1k |
| ROYAL BANK OF CANADA | Added | +85.2k |
| Saba Capital Management, L.P. | Added | +74.5k |
| UBS Group AG | Added | +60.2k |
| Allspring Global Investments Holdings, LLC | Added | +47.5k |
| Thomas J. Herzfeld Advisors, Inc. | New | +36.0k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +32.9k |
Biggest sellers
| Logan Stone Capital, LLC | Reduced | -407.9k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | -265.6k |
| AQR Arbitrage LLC | Sold out | -153.3k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -89.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -86.1k |
| WOLVERINE ASSET MANAGEMENT LLC | Sold out | -70.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold out | -60.5k |
| GILL CAPITAL PARTNERS, LLC | Sold out | -52.0k |
| Advisors Asset Management, Inc. | Reduced | -40.5k |
| WealthBridge Capital Management, LLC | Reduced | -26.1k |
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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Karpus Management, Inc. 2.53% of their portfolio | 3.6m $78.5m | Added +575.1k |
| Pathstone Holdings, LLC 0.18% of their portfolio | 2.1m $46.5m | Added +481.3k |
| MacKay Shields LLC 1.10% of their portfolio | 1.6m $34.2m | Unchanged |
| Almitas Capital LLC 8.61% of their portfolio | 1.6m $34.1m | Reduced -602 |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 1.4m $30.8m | Added +47.5k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 1.57% of their portfolio | 1.3m $28.5m | Reduced -265.6k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $28.2m | Added +618 |
| Tortoise Investment Management, LLC 2.48% of their portfolio | 1.2m $26.0m | Added +103.1k |
| Saba Capital Management, L.P. 0.52% of their portfolio | 877.1k $19.2m | Added +74.5k |
| UBS Group AG 0.00% of their portfolio | 790.1k $17.3m | Added +60.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 774.5k $17.0m | Reduced -86.1k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.24% of their portfolio | 609.1k $13.3m | Reduced -89.2k |
| SENTINEL TRUST CO LBA 1.38% of their portfolio | 581.7k $12.7m | Unchanged |
| Merit Financial Group, LLC 0.12% of their portfolio | 471.0k $10.3m | Reduced -4.1k |
| LPL Financial LLC 0.00% of their portfolio | 451.7k $9.9m | Reduced -8.6k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 448.7k $9.8m | Reduced -8.9k |
| Narwhal Capital Management 0.74% of their portfolio | 423.4k $9.3m | Added +52 |
| Hennion & Walsh Asset Management, Inc. 0.33% of their portfolio | 375.3k $8.2m | Added +2.0k |
| 1607 Capital Partners, LLC 0.58% of their portfolio | 327.5k $7.2m | Reduced -440 |
| NorthCoast Asset Management LLC 0.03% of their portfolio | 280.3k $6.1m | Added +104 |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 251.1k $5.6m | Added +107.4k |
| Jacobi Capital Management LLC 0.30% of their portfolio | 204.5k $4.5m | Reduced -11.5k |
| WealthBridge Capital Management, LLC 1.12% of their portfolio | 201.3k $4.4m | Reduced -26.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 197.1k $4.3m | Reduced -4.8k |
| Beverly Hills Private Wealth, LLC 0.68% of their portfolio | 164.9k $3.6m | Reduced -8.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 162.8k $3.6m | Added +85.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 159.3k $3.5m | Added +32.9k |
| Cerity Partners LLC 0.01% of their portfolio | 142.9k $3.1m | Reduced -500 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 139.9k $3.1m | Added +1.8k |
| Elgethun Capital Management 0.58% of their portfolio | 132.3k $2.9m | Added +170 |
| Maltin Wealth Management, Inc. 1.28% of their portfolio | 129.7k $2.8m | Added +16.3k |
| Hara Capital LLC 1.63% of their portfolio | 120.4k $2.6m | Added +23.1k |
| Scarborough Advisors, LLC 0.51% of their portfolio | 118.2k $2.6m | Added +738 |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 115.4k $2.5m | Added +19.9k |
| Steward Partners Investment Advisory, LLC 0.02% of their portfolio | 111.4k $2.4m | Reduced -3.3k |
| Eldridge Investment Advisors, Inc. 0.49% of their portfolio | 107.9k $2.4m | Reduced -1.7k |
| Waterfront Wealth Inc. 0.53% of their portfolio | 107.5k $2.4m | Reduced -4.7k |
| Amplius Wealth Advisors, LLC 0.21% of their portfolio | 104.8k $2.3m | Reduced -400 |
| Matisse Capital 1.04% of their portfolio | 100.7k $2.2m | Unchanged |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.59% of their portfolio | 92.8k $2.0m | Reduced -10.9k |
| Dakota Wealth Management 0.04% of their portfolio | 88.9k $1.9m | Added +6.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 88.2k $1.9m | Reduced -2.1k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 79.4k $1.7m | Added +32.4k |
| Gridiron Partners, LLC 1.03% of their portfolio | 75.9k $1.7m | Unchanged |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 74.7k $1.6m | Added +4.2k |
| Anchor Investment Management, LLC 0.13% of their portfolio | 70.3k $1.5m | Added +2.3k |
| Advisors Asset Management, Inc. 0.03% of their portfolio | 68.6k $1.5m | Reduced -40.5k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 61.1k $1.3m | Reduced -351 |
| Seed Wealth Management, Inc. 0.97% of their portfolio | 59.6k $1.3m | Reduced -3.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 56.1k $1.2m | Reduced -1.5k |
| PINNACLE ASSOCIATES LTD 0.02% of their portfolio | 55.2k $1.2m | Added +13 |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 48.7k $1.1m | Added +24 |
| B. Riley Wealth Advisors, Inc. 0.05% of their portfolio | 46.5k $1.0m | Added +2.5k |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 45.3k $991.7k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 45.2k $989.3k | Reduced -1.7k |
| Oder Investment Management, LLC 0.72% of their portfolio | 43.8k $958.1k | Added +5.9k |
| Private Advisor Group, LLC 0.01% of their portfolio | 42.9k $938.1k | Added +177 |
| RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio | 40.0k $875.3k | Added +1.5k |
| Logan Stone Capital, LLC 0.39% of their portfolio | 37.6k $822.3k | Reduced -407.9k |
| Thomas J. Herzfeld Advisors, Inc. 0.28% of their portfolio | 36.0k $789.1k | New |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 31.6k $692.1k | Reduced -389 |
| LexAurum Advisors, LLC 0.11% of their portfolio | 30.9k $677.2k | Reduced -16.4k |
| PRIVATE TRUST CO NA 0.06% of their portfolio | 29.7k $649.4k | Unchanged |
| Andrew Hill Investment Advisors, Inc. 0.49% of their portfolio | 27.8k $608.3k | Added +465 |
| PETRA FINANCIAL ADVISORS INC 0.38% of their portfolio | 27.0k $591.7k | Added +2.9k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 26.0k $568.8k | Reduced -11.5k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.42% of their portfolio | 25.3k $554.3k | Added +6.1k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 25.3k $554.1k | Added +10.3k |
| ENCOMPASS WEALTH ADVISORS, LLC 0.20% of their portfolio | 24.4k $534.1k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 23.9k $524.0k | Reduced -1.8k |
| Wilmington Savings Fund Society, FSB 0.01% of their portfolio | 23.5k $513.8k | Reduced -3 |
| Magnus Financial Group LLC 0.04% of their portfolio | 23.1k $506.6k | Added +291 |
| Successful Portfolios LLC 0.29% of their portfolio | 21.7k $475.2k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 21.7k $474.0k | Added +10.9k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 20.2k $442.1k | Reduced -4.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 19.9k $434.8k | New |
| CWM, LLC 0.00% of their portfolio | 19.5k $427.0k | Unchanged |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 19.0k $416.1k | Added +110 |
| Advisory Services Network, LLC 0.01% of their portfolio | 18.5k $410.3k | Reduced -4.4k |
| Covenant Asset Management, LLC 0.08% of their portfolio | 18.5k $404.7k | Unchanged |
| Icon Wealth Advisors, LLC 0.03% of their portfolio | 16.8k $368.3k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.06% of their portfolio | 15.6k $341.5k | Added +1.9k |
| Avior Wealth Management, LLC 0.01% of their portfolio | 15.3k $333.9k | Reduced -15.1k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 15.1k $330.0k | Added +2.4k |
| Ritter Daniher Financial Advisory LLC / DE 0.08% of their portfolio | 15.0k $329.0k | Added +98 |
| Tamar Securities, LLC 0.04% of their portfolio | 14.8k $324.9k | Reduced -2.0k |
| Smith Asset Management Co., LLC 0.28% of their portfolio | 14.7k $321.6k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 14.4k $314.3k | Reduced -6.3k |
| Summit Financial Wealth Advisors, LLC 0.05% of their portfolio | 13.7k $298.8k | Unchanged |
| CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio | 13.5k $296.4k | Unchanged |
| Aviance Capital Partners, LLC 0.04% of their portfolio | 13.5k $295.2k | Added +2.3k |
| Wellspring Financial Advisors, LLC 0.03% of their portfolio | 13.0k $285.3k | New |
| Edge Wealth Management LLC 0.05% of their portfolio | 13.0k $285.4k | Unchanged |
| Wealthcare Advisory Partners LLC 0.01% of their portfolio | 12.3k $268.8k | Added +7 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 11.6k $253.0k | Unchanged |
| Tyche Wealth Partners LLC 0.05% of their portfolio | 11.6k $253.0k | Added +24 |
| MELFA WEALTH MANAGEMENT, INC. 0.16% of their portfolio | 11.5k $251.5k | Reduced -101 |
| HARBOR INVESTMENT ADVISORY, LLC 0.02% of their portfolio | 11.5k $251.2k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 11.4k $249.3k | Reduced -890 |
| &PARTNERS 0.00% of their portfolio | 11.2k $245.4k | Added +1.4k |