Blackrock Municipal Bond Trust
BBK
BBK was delisted on the 5th of March, 2021.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$956K |
| 2 |
Morgan Stanley
New York
|
+$843K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$204K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$178K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$647K |
| 2 |
LFS
Legacy Financial Strategies
Overland Park,
Kansas
|
-$547K |
| 3 |
LCM
Laurion Capital Management
New York
|
-$227K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$204K |
| 5 |
LPL Financial
San Diego,
California
|
-$143K |
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.