Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BLACKROCK MUN TARGET TERM TR (BTT)

135 + Investors. Track Smart Money conviction in BTT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — BTT

Based on 135 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added BTT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
135 hedge funds hold BTT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding BTT is almost the same as a year ago (+2 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 57% buying

65 buying50 selling
Last quarter: 65 funds bought or added vs 50 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~19 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 12 → 14 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 21% medium ■ 16% new
85 out of 135 hedge funds have held BTT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -25%, value -99%

Value
-98%
Shares
-24%
Last quarter: funds added -25% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

24 → 7 → 12 → 14 → 19 new funds/Q
New funds entering each quarter: 7 → 12 → 14 → 19. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 13% 1-2yr ■ 22% new
Of 135 current holders: 87 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
13 of 135 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: BTT

How many hedge funds hold BTT — quarterly history vs. share price
Quarterly hedge fund ownership of BTT vs. share price

Market Analysis: BTT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BTT

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: BTT
2026 Q1 Stats Unlock in 22 days 135 + Investors

Track Smart Money conviction in BTT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 135 129 4.65%
13F Shares 20M 26M -24.7%
Total Value $454M $34.14B -98.67%
New Positions 19 14 +5
Increased Positions 46 42 +4
Closed Positions 13 9 +4
Reduced Positions 37 46 -9
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BTT

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

135 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BTT. Verified SEC 13F-HR filings.

Top 25 institutional holders of BTT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 MACKAY SHIELDS LLC 1.30% 1,566,262 $35.6M
2 Maltin Wealth Management, Inc. 1.08% 124,238 $2.8M
3 WealthBridge Capital Management, LLC 1.02% 195,915 $4.4M
4 Gridiron Partners, LLC 0.93% 67,359 $1.5M
5 Seed Wealth Management, Inc. 0.92% 59,170 $1.3M
6 Narwhal Capital Management 0.60% 357,067 $8.1M
7 Andrew Hill Investment Advisors, Inc. 0.52% 25,854 $587K
8 Integrity Wealth Partners, LLC 0.51% 24,887 $565K
9 Avise Financial Cooperative, Inc. 0.37% 19,649 $446K
10 Successful Portfolios LLC 0.25% 20,032 $452K
11 Amplius Wealth Advisors, LLC 0.20% 103,581 $2.4M
12 ENCOMPASS WEALTH ADVISORS, LLC 0.19% 24,400 $554K
13 MELFA WEALTH MANAGEMENT, INC. 0.15% 11,454 $260K
14 Merit Financial Group, LLC 0.07% 442,588 $10.0M
15 B. Riley Wealth Advisors, Inc. 0.07% 46,795 $1.0M
16 Covenant Asset Management, LLC 0.06% 18,490 $420K
17 Edge Wealth Management LLC 0.05% 13,000 $295K
18 LexAurum Advisors, LLC 0.05% 17,097 $388K
19 Noble Wealth Management PBC 0.04% 3,853 $87K
20 EVOLVE PRIVATE WEALTH, LLC 0.04% 34,144 $775K
21 Magnus Financial Group LLC 0.04% 21,425 $486K
22 Perkins Coie Trust Co 0.03% 7,091 $161K
23 HARBOR INVESTMENT ADVISORY, LLC 0.02% 10,226 $232K
24 Key FInancial Inc 0.02% 3,878 $88K
25 PINNACLE ASSOCIATES LTD 0.02% 51,945 $1.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BLACKROCK MUN TARGET TERM TR (BTT)

What does the Smart Money Trend signal show for BTT?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added BTT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BTT?

Slight buying edge — 57% buying: Last quarter: 65 funds bought or added vs 50 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BTT holders?

Smaller funds dominant — 18% AUM from top-100: 13 of 135 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BTT?

63% of holders stayed for 2+ years: 85 out of 135 hedge funds have held BTT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.