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BlackRock Long-Term Municipal Advantage Trust

BTA
Exchange
NYSE
SEC CIK
0001343793

No open-market purchases or sales by BlackRock Long-Term Municipal Advantage Trust insiders were filed in the last 90 days; no institution reported holding it in 13F filings for Q2 2026; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in BlackRock Long-Term Municipal Advantage Trust as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
46
0 vs. Q3 2025
Shares held
3.64M
+560.7K (+18.2%) vs. Q3 2025
Total value
$33.8M
+$4.30M (+14.6%) vs. Q3 2025
New holders
7
12 more added
Sold out
7
12 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BTA on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 46 institutions
Q1 2021: 30 institutionsQ2 2021: 27 institutionsQ3 2021: 23 institutionsQ4 2021: 25 institutionsQ1 2022: 27 institutionsQ2 2022: 27 institutionsQ3 2022: 29 institutionsQ4 2022: 38 institutionsQ1 2023: 34 institutionsQ2 2023: 33 institutionsQ3 2023: 33 institutionsQ4 2023: 33 institutionsQ1 2024: 37 institutionsQ2 2024: 34 institutionsQ3 2024: 40 institutionsQ4 2024: 44 institutionsQ1 2025: 41 institutionsQ2 2025: 45 institutionsQ3 2025: 46 institutionsQ4 2025: 46 institutionsQ1 2026: 0 institutionsQ2 2026: 0 institutions
Value heldQ4 2025: $33.8M
Q1 2021: $29.9MQ2 2021: $30.9MQ3 2021: $27.1MQ4 2021: $29.4MQ1 2022: $21.9MQ2 2022: $24.4MQ3 2022: $21.3MQ4 2022: $23.2MQ1 2023: $23.3MQ2 2023: $20.3MQ3 2023: $19.9MQ4 2023: $22.1MQ1 2024: $21.3MQ2 2024: $22.2MQ3 2024: $25.5MQ4 2024: $26.3MQ1 2025: $28.2MQ2 2025: $27.9MQ3 2025: $29.5MQ4 2025: $33.8MQ1 2026: $0Q2 2026: $0
Institutions holding BTA and their total value by quarter
QuarterHoldersValue
Q2 20260$0
Q1 20260$0
Q4 202546$33.8M
Q3 202546$29.5M
Q2 202545$27.9M
Q1 202541$28.2M
Q4 202444$26.3M
Q3 202440$25.5M
Q2 202434$22.2M
Q1 202437$21.3M
Q4 202333$22.1M
Q3 202333$19.9M
Q2 202333$20.3M
Q1 202334$23.3M
Q4 202238$23.2M
Q3 202229$21.3M
Q2 202227$24.4M
Q1 202227$21.9M
Q4 202125$29.4M
Q3 202123$27.1M
Q2 202127$30.9M
Q1 202130$29.9M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding BlackRock Long-Term Municipal Advantage Trust; share changes are against Q3 2025.

Institutions holding BTA in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Sit Investment Associates Inc743,577$6.90M0.14%+375,419+102.0%Added
Rivernorth Capital Management, LLC451,466$4.19M0.20%+154,316+51.9%Added
Guggenheim Capital LLC442,167$4.10M0.03%−21,088−4.6%Reduced
Hennion & Walsh Asset Management, Inc.239,863$2.23M0.08%−20,680−7.9%Reduced
Morgan Stanley213,840$1.98M0.00%−9,758−4.4%Reduced
UBS Group AG208,805$1.94M0.00%−6,010−2.8%Reduced
Wells Fargo & Company195,775$1.82M0.00%+5,527+2.9%Added
Raymond James Financial Inc168,179$1.56M0.00%−18,149−9.7%Reduced
Noble Wealth Management PBC133,879$1.24M0.62%−6,667−4.7%Reduced
Royal Bank of Canada89,686$832.0K0.00%+15,417+20.8%Added
Van Eck Associates Corp80,331$745.0K0.00%−3,035−3.6%Reduced
Robinson Capital Management, LLC67,182$623.4K0.26%+67,182New
Melfa Wealth Management, LLC43,991$408.2K0.24%00.0%Unchanged
Tyche Wealth Partners LLC39,109$362.9K0.06%00.0%Unchanged
Palogic Value Management, L.P.38,024$352.9K0.15%00.0%Unchanged
GWM Advisors LLC36,161$335.6K0.00%−16,593−31.5%Reduced
HBK Sorce Advisory LLC34,620$334.1K0.01%00.0%Unchanged
Capital Investment Advisors, LLC32,404$300.7K0.00%−1,750−5.1%Reduced
LPL Financial LLC31,185$289.4K0.00%+10,824+53.2%Added
Cohen & Steers, Inc.30,000$278.0K0.00%00.0%Unchanged
Bank of New York Mellon Corp26,864$249.3K0.00%+5,374+25.0%Added
Wolverine Asset Management LLC26,800$248.7K0.00%+26,800New
Northwestern Mutual Wealth Management Co23,319$216.4K0.00%−1,500−6.0%Reduced
Essential Investment Partners LLC20,900$194.0K0.18%+20,900New
River Street Advisors LLC18,899$175.4K0.07%00.0%Unchanged
Arlington Capital Management, Inc.18,667$173.2K0.11%+18,667New
Allworth Financial LP18,000$167.0K0.00%00.0%Unchanged
Natural Investments, LLC15,985$148.0K0.04%00.0%Unchanged
RMB Capital Management, LLC14,226$132.0K0.00%+77+0.5%Added
Ameriprise Financial Inc14,145$131.3K0.00%+4,125+41.2%Added
Susquehanna International Group, LLP14,081$130.7K0.00%+1,184+9.2%Added
PFG Investments, LLC13,062$121.2K0.01%+103+0.8%Added
Cerity Partners LLC12,244$113.6K0.00%+65+0.5%Added
Citadel Advisors LLC11,710$108.7K0.00%+11,710New
Advisor Group Holdings, Inc.11,499$106.7K0.00%+2,314+25.2%Added
Absolute Investment Advisers LLC11,306$106.3K0.01%+11,306New
Nomura Holdings Inc10,562$98.0K0.00%+10,562New
Nuveen, LLC10,127$94.0K0.00%00.0%Unchanged
Bernard Wealth Management Corp.6,100$56.6K0.02%00.0%Unchanged
Hollencrest Capital Management5,600$52.0K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC5,380$49.9K0.00%−368−6.4%Reduced
Fifth Third Bancorp3,418$31.7K0.00%−582−14.5%Reduced
Rothschild Investment LLC2,000$18.6K0.00%00.0%Unchanged
Bank of America Corp1,383$12.8K0.00%00.0%Unchanged
Fortis Group Advisors, LLC667$6.19K0.00%00.0%Unchanged
US Bancorp300$2.78K0.00%00.0%Unchanged
Stratos Wealth Advisors, LLC0$00.00%−40,145−100.0%Sold out
Fundamentun, LLC0$00.00%−17,409−100.0%Sold out
Plan A Wealth LLC0$00.00%−11,245−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−2,500−100.0%Sold out
Advisory Services Network, LLC0$00.00%−1,900−100.0%Sold out
Activest Wealth Management0$00.00%−1,383−100.0%Sold out
FNY Investment Advisers, LLC0$00.00%−400−100.0%Sold out