Blackrock Municipal Bond Trust
BBK
BBK was delisted on the 5th of March, 2021.
27 hedge funds and large institutions have $15.4M invested in Blackrock Municipal Bond Trust in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
25% more capital invested
Capital invested by funds: $12.4M → $15.4M (+$3.05M)
4% more funds holding
Funds holding: 26 → 27 (+1)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$1.9M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$526K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$48.2K |
| 4 |
VanEck Associates
New York
|
+$32.5K |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$15.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$255K |
| 2 |
SG Americas Securities
New York
|
-$120K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$78.4K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$19.1K |
| 5 |
BIM
Bridgecreek Investment Management
Tulsa,
Oklahoma
|
-$18K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
SG Americas Securities
New York
| – | -$120K | -8,775 | Closed |
|
|
WCM
27
Windsor Capital Management
Phoenix,
Arizona
| – | -$14K | -1,000 | Closed |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| – | +$72 | +5 | New |
|
BBK Hedge Fund Activity: Q1 2014 in Review
27 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal Bond Trust (BBK) for Q1 2014, worth a combined $15.4M — up 25% from $12.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new BBK positions and 2 closed out — a net gain of 1 holder — while 5 added to existing stakes and 7 trimmed.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $1.9M. The largest seller was Invesco, cutting an estimated $255K.
- 27 institutional investors held Blackrock Municipal Bond Trust (BBK) as of Q1 2014, up from 26 in Q4 2013.
- Funds reported $15.4M of Blackrock Municipal Bond Trust stock for Q1 2014, up 25% quarter-over-quarter.
- 3 funds opened new Blackrock Municipal Bond Trust positions in Q1 2014 and 2 closed out, a net change of +1 holder.
- The largest Blackrock Municipal Bond Trust buyer in Q1 2014 was Cohen & Steers, an estimated $1.9M added.
- The largest Blackrock Municipal Bond Trust seller in Q1 2014 was Invesco, an estimated $255K sold.
Based on aggregated 13F filings for Q1 2014.