Vault-13

BLACKROCK MUN TARGET TERM TR BTT

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

141 institutional holders -4 vs Q1 2026
25,202,48425.2m shares reported held*
$573.4mreported value*
9 new 48 added 43 reduced 12 sold out net bought ≈ $3.0m (+131.0k 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 ($527.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.75.

Trends to Q2 2026

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: 134Q2 25: 132Q3 25: 140Q4 25: 142Q1 26: 145Q2 26: 141141Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022108
Q4 2022120
Q1 2023117
Q2 2023119
Q3 2023115
Q4 2023127
Q1 2024123
Q2 2024128
Q3 2024128
Q4 2024141
Q1 2025134
Q2 2025132
Q3 2025140
Q4 2025142
Q1 2026145
Q2 2026141

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 52 bought or addedQ3 24: 54 cut or sold outQ4 24: 70 bought or addedQ4 24: 50 cut or sold outQ4 24Q1 25: 57 bought or addedQ1 25: 56 cut or sold outQ2 25: 57 bought or addedQ2 25: 51 cut or sold outQ2 25Q3 25: 61 bought or addedQ3 25: 54 cut or sold outQ4 25: 62 bought or addedQ4 25: 51 cut or sold outQ4 25Q1 26: 59 bought or addedQ1 26: 58 cut or sold outQ2 26: 57 bought or addedQ2 26: 55 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245254
Q4 20247050
Q1 20255756
Q2 20255751
Q3 20256154
Q4 20256251
Q1 20265958
Q2 20265755

Biggest buyers

SENTINEL TRUST CO LBA Added +437,875+437.9k
MacKay Shields LLC Added +401,718+401.7k
Hennion & Walsh Asset Management, Inc. Added +166,122+166.1k
Advisors Asset Management, Inc. Added +55,189+55.2k
HRT FINANCIAL LP New +43,721+43.7k
Bluespring Wealth Management, LLC New +30,808+30.8k
LPL Financial LLC Added +27,352+27.4k
COHEN & STEERS, INC. Added +26,000+26.0k
Pathstone Holdings, LLC Added +25,374+25.4k
Beverly Hills Private Wealth, LLC Added +25,241+25.2k

Biggest sellers

RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -388,401-388.4k
Narwhal Capital Management Sold out -357,067-357.1k
1607 Capital Partners, LLC Reduced -98,240-98.2k
Matisse Capital Sold out -81,562-81.6k
UBS Group AG Reduced -53,522-53.5k
Karpus Management, Inc. Reduced -48,066-48.1k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -42,500-42.5k
Independent Advisor Alliance Sold out -31,901-31.9k
Rockefeller Capital Management L.P. Reduced -30,059-30.1k
Steward Partners Investment Advisory, LLC Reduced -26,917-26.9k

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 since 1 Apr 2026

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
101Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20241$2110——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-08-01 Soccio Phillip Portfolio Manager Sold 1,800 $22.48 $40.5k1.8k shares -100%

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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Karpus Management, Inc. 3.04% of their portfolio Pittsford, NY 4,641,2474.6m $105.6m $105.6m 3.04% Reduced -48.1k -48,066
2 MacKay Shields LLC 1.50% of their portfolio New York, NY 1,967,9802.0m $44.8m $44.8m 1.50% Added +401.7k +401,718
3 Pathstone Holdings, LLC 0.11% of their portfolio ENGLEWOOD, NJ 1,638,6681.6m $37.3m $37.3m 0.11% Added +25.4k +25,374
4 Allspring Global Investments Holdings, LLC 0.05% of their portfolio CHARLOTTE, NC 1,563,8601.6m $35.6m $35.6m 0.05% Added +3.5k +3,500
5 Almitas Capital LLC 8.10% of their portfolio SANTA MONICA, CA 1,485,2131.5m $33.8m $33.8m 8.10% Reduced -800 -800
6 Tortoise Investment Management, LLC 2.41% of their portfolio WHITE PLAINS, NY 1,420,4741.4m $32.3m $32.3m 2.41% Added +19.3k +19,322
7 SENTINEL TRUST CO LBA 2.57% of their portfolio HOUSTON, TX 1,274,6091.3m $29.0m $29.0m 2.57% Added +437.9k +437,875
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,268,4751.3m $28.9m $28.9m 0.00% Added +21.1k +21,104
9 Hennion & Walsh Asset Management, Inc. 0.51% of their portfolio Parsippany, NJ 783,682783.7k $17.8m $17.8m 0.51% Added +166.1k +166,122
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 719,925719.9k $16.4m $16.4m 0.00% Reduced -25.2k -25,157
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 654,447654.4k $14.9m $14.9m 0.00% Reduced -53.5k -53,522
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 516,302516.3k $11.7m $11.7m 0.00% Added +27.4k +27,352
13 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 507,854507.9k $11.6m $11.6m 0.01% Added +17.2k +17,170
14 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.68% of their portfolio London, X0 498,552498.6k $11.3m $11.3m 0.68% Reduced -42.5k -42,500
15 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.53% of their portfolio WEST PALM BEACH, FL 493,001493.0k $11.2m $11.2m 0.53% Reduced -388.4k -388,401
16 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 441,028441.0k $10.0m $10.0m 0.06% Reduced -1.6k -1,560
17 1607 Capital Partners, LLC 0.57% of their portfolio Richmond, VA 287,241287.2k $6.5m $6.5m 0.57% Reduced -98.2k -98,240
18 Beverly Hills Private Wealth, LLC 1.11% of their portfolio BEVERLY HILLS, CA 253,307253.3k $5.8m $5.8m 1.11% Added +25.2k +25,241
19 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 214,188214.2k $4.9m $4.9m 0.00% Reduced -26.3k -26,309
20 Jacobi Capital Management LLC 0.23% of their portfolio PITTSTON, PA 208,040208.0k $4.7m $4.7m 0.23% Added +3.1k +3,093
21 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 203,231203.2k $4.6m $4.6m 0.00% Added +1.3k +1,336
22 WealthBridge Capital Management, LLC 0.86% of their portfolio WESTERVILLE, OH 191,230191.2k $4.4m $4.4m 0.86% Reduced -4.7k -4,685
23 Advisors Asset Management, Inc. 0.06% of their portfolio Monument, CO 178,185178.2k $4.1m $4.1m 0.06% Added +55.2k +55,189
24 Dakota Wealth Management 0.07% of their portfolio PALM BEACH GARDENS, FL 166,660166.7k $3.8m $3.8m 0.07% Unchanged
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 144,042144.0k $3.3m $3.3m 0.00% Added +3.4k +3,374
26 Elgethun Capital Management 0.44% of their portfolio SIOUX FALLS, SD 137,301137.3k $3.1m $3.1m 0.44% Added +132 +132
27 Scarborough Advisors, LLC 0.31% of their portfolio ANNAPOLIS, MD 119,526119.5k $2.7m $2.7m 0.31% Reduced -1.0k -1,045
28 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 119,000119.0k $2.7m $2.7m 0.00% Added +26.0k +26,000
29 Maltin Wealth Management, Inc. 0.89% of their portfolio RIDGEWOOD, NJ 117,605117.6k $2.7m $2.7m 0.89% Reduced -6.6k -6,633
30 Hara Capital LLC 1.38% of their portfolio BELLEVUE, WA 114,387114.4k $2.6m $2.6m 1.38% Reduced -5.9k -5,898
31 Eldridge Investment Advisors, Inc. 0.48% of their portfolio MANCHESTER, NH 107,454107.5k $2.4m $2.4m 0.48% Reduced -154 -154
32 Amplius Wealth Advisors, LLC 0.17% of their portfolio BLUE BELL, PA 100,344100.3k $2.3m $2.3m 0.17% Reduced -3.2k -3,237
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 93,59893.6k $2.1m $2.1m 0.00% Reduced -6.8k -6,768
34 Waterfront Wealth Inc. 0.33% of their portfolio OVERLAND PARK, KS 92,92092.9k $2.1m $2.1m 0.33% Reduced -6.4k -6,396
35 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 81,26181.3k $1.8m $1.8m 0.00% Reduced -30.1k -30,059
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 80,72980.7k $1.8m $1.8m 0.00% Added +448 +448
37 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 78,55778.6k $1.8m $1.8m 0.00% Reduced -631 -631
38 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 76,86976.9k $1.7m $1.7m 0.01% Reduced -6.1k -6,055
39 WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.40% of their portfolio SOUTH BEND, IN 71,42571.4k $1.6m $1.6m 0.40% Unchanged
40 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 66,98867.0k $1.5m $1.5m 0.01% Added +22.6k +22,643
41 PETRA FINANCIAL ADVISORS INC 0.67% of their portfolio COLORADO SRPINGS, CO 63,71263.7k $1.4m $1.4m 0.67% Added +6.7k +6,737
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 61,80861.8k $1.4m $1.4m 0.00% Added +20.2k +20,240
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 61,73861.7k $1.4m $1.4m 0.00% Added +5.4k +5,370
44 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 60,65360.7k $1.4m $1.4m 0.00% Added +6.8k +6,842
45 Seed Wealth Management, Inc. 0.85% of their portfolio EVANSTON, IL 59,17059.2k $1.3m $1.3m 0.85% Unchanged
46 Thomas J. Herzfeld Advisors, Inc. 0.40% of their portfolio MIAMI BEACH, FL 56,61056.6k $1.3m $1.3m 0.40% Added +7.5k +7,544
47 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 51,73451.7k $1.2m $1.2m 0.00% Unchanged
48 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 51,44051.4k $1.2m $1.2m 0.01% Added +8.1k +8,075
49 PINNACLE ASSOCIATES LTD 0.01% of their portfolio NEW YORK, NY 49,97350.0k $1.1m $1.1m 0.01% Reduced -2.0k -1,972
50 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 49,47049.5k $1.1m $1.1m 0.01% Added +21.1k +21,060
51 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 48,06448.1k $1.1m $1.1m 0.00% Reduced -3.5k -3,492
52 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 47,76847.8k $1.1m $1.1m 0.01% Added +1.9k +1,935
53 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 47,38147.4k $1.1m $1.1m 0.00% Unchanged
54 Oder Investment Management, LLC 0.72% of their portfolio WOODLAND HILLS, CA 47,17947.2k $1.1m $1.1m 0.72% Added +4.0k +3,997
55 Gridiron Partners, LLC 0.55% of their portfolio Wexford, PA 45,64645.6k $1.0m $1.0m 0.55% Reduced -21.7k -21,713
56 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 43,72143.7k $994.0k $994.0k 0.00% New
57 Wellspring Financial Advisors, LLC 0.06% of their portfolio CLEVELAND, OH 38,09038.1k $866.5k $866.5k 0.06% Unchanged
58 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 36,53336.5k $831.0k $831.0k 0.00% Reduced -2.7k -2,724
59 B. Riley Wealth Advisors, Inc. 0.04% of their portfolio MEMPHIS, TN 33,28733.3k $753.3k $753.3k 0.04% Reduced -13.5k -13,508
60 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 32,30432.3k $734.9k $734.9k 0.00% Unchanged
61 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 32,20732.2k $732.7k $732.7k 0.01% Reduced -9.2k -9,194
62 EVOLVE PRIVATE WEALTH, LLC 0.04% of their portfolio LOS ANGELES, CA 31,64331.6k $721.3k $721.3k 0.04% Reduced -2.5k -2,501
63 Bluespring Wealth Management, LLC 0.01% of their portfolio AUSTIN, TX 30,80830.8k $700.9k $700.9k 0.01% New
64 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 30,66730.7k $697.7k $697.7k 0.06% Unchanged
65 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 30,56030.6k $695.2k $695.2k 0.01% Unchanged
66 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 29,06729.1k $661.3k $661.3k 0.01% Added +9.3k +9,274
67 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 28,27328.3k $643.2k $643.2k 0.00% Added +6.2k +6,222
68 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 26,93126.9k $612.7k $612.7k 0.00% Added +653 +653
69 Andrew Hill Investment Advisors, Inc. 0.43% of their portfolio NAPLES, FL 25,70425.7k $584.8k $584.8k 0.43% Reduced -150 -150
70 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 25,30225.3k $576.2k $576.2k 0.00% Added +459 +459
71 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 24,43424.4k $555.9k $555.9k 0.00% Added +10.7k +10,725
72 ENCOMPASS WEALTH ADVISORS, LLC 0.17% of their portfolio PORTLAND, OR 24,40024.4k $555.1k $555.1k 0.17% Unchanged
73 Closed-End Fund Advisors, Inc. 0.53% of their portfolio RICHMOND, VA 23,64723.6k $538.0k $538.0k 0.53% Reduced -229 -229
74 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 23,63323.6k $537.7k $537.7k 0.02% New
75 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 23,47223.5k $534.0k $534.0k 0.01% Unchanged
76 Aviance Capital Partners, LLC 0.06% of their portfolio NAPLES, FL 23,31323.3k $530.4k $530.4k 0.06% Reduced -18 -18
77 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 23,24623.2k $528.8k $528.8k 0.00% Reduced -26.9k -26,917
78 Avise Financial Cooperative, Inc. 0.37% of their portfolio LOS ANGELES, CA 23,16323.2k $527.0k $527.0k 0.37% Added +3.5k +3,514
79 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 22,30022.3k $507.3k $507.3k 0.00% Reduced -8.5k -8,481
80 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 22,05622.1k $501.8k $501.8k 0.00% Reduced -6.9k -6,860
81 Magnus Financial Group LLC 0.03% of their portfolio NEW YORK, NY 21,46421.5k $488.3k $488.3k 0.03% Added +39 +39
82 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,09721.1k $479.9k $479.9k 0.00% Reduced -1.3k -1,252
83 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 20,04720.0k $456.6k $456.6k 0.00% Added +788 +788
84 Successful Portfolios LLC 0.21% of their portfolio CLEARWATER, FL 20,03220.0k $457.7k $457.7k 0.21% Unchanged
85 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 19,63219.6k $446.0k $446.0k 0.00% Added +10.1k +10,054
86 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 19,59919.6k $445.9k $445.9k 0.01% Reduced -991 -991
87 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 18,78418.8k $427.3k $427.3k 0.00% Added +4.5k +4,474
88 Icon Wealth Advisors, LLC 0.02% of their portfolio HOUSTON, TX 16,82516.8k $382.8k $382.8k 0.02% Unchanged
89 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 16,30016.3k $370.8k $370.8k 0.00% Unchanged
90 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 15,84215.8k $360.4k $360.4k 0.01% Added +73 +73
91 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 15,52915.5k $353.3k $353.3k 0.01% Added +2.0k +1,990
92 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 15,52715.5k $353.2k $353.2k 0.00% Reduced -1.6k -1,587
93 Ritter Daniher Financial Advisory LLC / DE 0.05% of their portfolio CINCINNATI, OH 15,40415.4k $350.4k $350.4k 0.05% Added +93 +93
94 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 15,15615.2k $344.8k $344.8k 0.00% Added +4.2k +4,150
95 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.04% of their portfolio BLUE BELL, PA 14,55014.6k $331.0k $331.0k 0.04% Unchanged
96 Covenant Asset Management, LLC 0.06% of their portfolio CHESTER, NJ 14,09014.1k $320.5k $320.5k 0.06% Reduced -4.4k -4,400
97 INTEGRATED CAPITAL MANAGEMENT, INC. 0.22% of their portfolio JESSUP, PA 14,00214.0k $318.5k $318.5k 0.22% Reduced -4.3k -4,319
98 Edge Wealth Management LLC 0.05% of their portfolio NEW YORK, NY 13,00013.0k $295.8k $295.8k 0.05% Unchanged
99 49 WEALTH MANAGEMENT, LLC 0.05% of their portfolio AUSTIN, TX 12,32012.3k $280.3k $280.3k 0.05% New
100 ALONGSIDE, LLC 0.05% of their portfolio AUSTIN, TX 12,32012.3k $280.3k $280.3k 0.05% First filing