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BBK

Blackrock Municipal Bond Trust
BBK

Delisted

BBK was delisted on the 5th of March, 2021.

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41 hedge funds and large institutions have $37M invested in Blackrock Municipal Bond Trust in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

147% more capital invested

Capital invested by funds: $15M → $37M (+$22M)

86% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 7

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

5% more funds holding

Funds holding: 39 → 41 (+2)

Holders
41
Holders Change
+2
Holders Change %
+5.13%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
13
Reduced
7
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$956K
2
Morgan Stanley
Morgan Stanley
New York
+$843K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$204K
4
CRC
Curi RMB Capital
Illinois
+$178K
5
MML Investors Services
MML Investors Services
Massachusetts
+$144K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$647K
2
LFS
Legacy Financial Strategies
Kansas
-$547K
3
LCM
Laurion Capital Management
New York
-$227K
4
6M
6 Meridian
Kansas
-$204K
5
LPL Financial
LPL Financial
California
-$143K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$160K +$12.7K +894 +8%
MML Investors Services
27
MML Investors Services
Massachusetts
$139K +$144K +10,106 New
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$106K +$2.59K +182 +2%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$78K -$33.3K -2,338 -29%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$72K +$21.1K +1,482 +40%
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$55K – – –
AG
32
Advisor Group
Arizona
$34K +$20.6K +1,446 +145%
BWL
33
Bogart Wealth LLC
Virginia
$31K – – –
IA
34
IFP Advisors
Florida
$21K – – –
HCM
35
Highlander Capital Management
New Jersey
$14K – – –
TNBTD
36
Trustmark National Bank Trust Department
Mississippi
$14K +$14.2K +1,000 New
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$12K – – –
FWM
38
Focused Wealth Management
New York
$9K – – –
SWP
39
Stratos Wealth Partners
Ohio
$9K +$8.97K +630 New
RCAG
40
Rehmann Capital Advisory Group
Michigan
$8.68K – – –
IF
41
Ironwood Financial
Arizona
$4K +$4.27K +300 New
FIA
42
FNY Investment Advisers
New York
$1K +$641 +45 +100%
LFS
43
Legacy Financial Strategies
Kansas
– -$547K -38,162 Closed
LCM
44
Laurion Capital Management
New York
– -$227K -15,874 Closed
6M
45
6 Meridian
Kansas
– -$204K -14,230 Closed
LPL Financial
46
LPL Financial
California
– -$143K -10,001 Closed
STA
47
Summit Trail Advisors
New York
– -$15K -1,054 Closed
1
2

BBK Hedge Fund Activity: Q3 2018 in Review

41 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal Bond Trust (BBK) for Q3 2018, worth a combined $37M — up 147% from $15M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new BBK positions and 5 closed out — a net gain of 2 holders — while 13 added to existing stakes and 7 trimmed.

The largest buyer was Fiera Capital (Canada), adding an estimated $956K. The largest seller was Cohen & Steers, cutting an estimated $647K.

  • 41 institutional investors held Blackrock Municipal Bond Trust (BBK) as of Q3 2018, up from 39 in Q2 2018.
  • Funds reported $37M of Blackrock Municipal Bond Trust stock for Q3 2018, up 147% quarter-over-quarter.
  • 7 funds opened new Blackrock Municipal Bond Trust positions in Q3 2018 and 5 closed out, a net change of +2 holders.
  • The largest Blackrock Municipal Bond Trust buyer in Q3 2018 was Fiera Capital (Canada), an estimated $956K added.
  • The largest Blackrock Municipal Bond Trust seller in Q3 2018 was Cohen & Steers, an estimated $647K sold.

Based on aggregated 13F filings for Q3 2018.