Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Blackrock Mun Target Term Tr (BTT)

143 + 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
↑ +4
Streak
3Q ▲
Buyers last Q
51%

Smart Money Signals — BTT

Based on 144 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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
144 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.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 51% buying

62 buying59 selling
Last quarter: 62 funds bought or added vs 59 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 — ~16 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 15 → 19 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 24% medium ■ 10% new
94 out of 144 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.
📈

Growing discovery — still being found

8 → 13 → 15 → 19 → 16 new funds/Q
New funds entering each quarter: 13 → 15 → 19 → 16. A growing number of institutions are discovering BTT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 73% veterans vs 12% newcomers

■ 73% veterans ■ 15% 1-2yr ■ 12% new
Entry-cohort mix of 144 holders: 105 (73%) are 2+ year veterans, 22 entered 1–2 years ago, and 17 (12%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds
17 of 144 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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.

Institutional Sentiment Summary — BTT

In 2026 Q1, 62 hedge funds were net buyers of BTT (16 opened a new position, 46 added to an existing one), while 59 reduced or exited (47 trimmed, 12 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 144.

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

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Blackrock Mun Target Term Tr (BTT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BTT has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
BTT
-0.3%
XLF
+1220.3%

BTT outperformed XLF by -1220.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
BTT
+0.9%
XLF
+4.8%

Since the filing became public, BTT outperformed XLF by -3.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

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
1.3
/ 10
conviction
Hedge Fund Positioning: BTT
143 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 143 140 2.14%
13F Shares 25M 21M 22.71%
Total Value $536M $455M 17.7%
New Positions 16 19 -3
Increased Positions 46 48 -2
Closed Positions 13 13 -
Reduced Positions 47 38 +9
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BTT

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

143 + investors

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

QUARTER:
Top 25 BTT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Almitas Capital LLC 7.62% 1,486,013 $33.7M
2 Karpus Management, Inc. 3.32% 4,689,313 $106.4M
3 Tortoise Investment Management, LLC 2.63% 1,401,152 $31.8M
4 Hara Capital LLC 1.37% 120,285 $2.7M
5 Mackay Shields LLC 1.30% 1,566,262 $35.6M
6 Maltin Wealth Management, Inc. 1.08% 124,238 $2.8M
7 WealthBridge Capital Management, LLC 1.02% 195,915 $4.4M
8 Rivernorth Capital Management, LLC 1.00% 881,402 $20.0M
9 Gridiron Partners, LLC 0.93% 67,359 $1.5M
10 Seed Wealth Management, Inc. 0.92% 59,170 $1.3M
11 City of London Investment Management Co Ltd 0.89% 541,052 $12.3M
12 Beverly Hills Private Wealth, LLC 0.86% 228,066 $5.2M
13 Petra Financial Advisors Inc 0.80% 56,975 $1.3M
14 Matisse Capital 0.79% 81,562 $1.9M
15 Oder Investment Management, LLC 0.75% 43,182 $980K
16 1607 Capital Partners, LLC 0.63% 385,481 $8.8M
17 Narwhal Capital Management 0.60% 357,067 $8.1M
18 Closed-End Fund Advisors, Inc. 0.55% 23,876 $542K
19 Eldridge Investment Advisors, Inc. 0.54% 107,608 $2.4M
20 Andrew Hill Investment Advisors, Inc. 0.52% 25,854 $587K
21 Elgethun Capital Management 0.51% 137,169 $3.1M
22 Integrity Wealth Partners, LLC 0.51% 24,887 $565K
23 Hennion & Walsh Asset Management, Inc. 0.47% 617,560 $14.0M
24 Walter & Keenan Wealth Management LLC /In/ /Adv 0.46% 71,425 $1.6M
25 Waterfront Wealth Inc. 0.41% 99,316 $2.3M
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 — 3 quarters in a row: For 3 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 — 51% buying: Last quarter: 62 funds bought or added vs 59 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 — 16% AUM from top-100: 17 of 144 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BTT?

65% of holders stayed for 2+ years: 94 out of 144 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.

Is it too late to buy Blackrock Mun Target Term Tr (BTT) following the 2026 Q1 hedge fund 13F filings?

As of today, BTT has moved +0.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -3.9%. Since the quarter end (March 31, 2026), BTT has gained -0.3% vs +1220.3% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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