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BlackRock Taxable Municipal Bond Trust
BBN

74 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

32% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 19

9% more funds holding

Funds holding: 68 → 74 (+6)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.74% less ownership

Funds ownership: 12.64% → 11.9% (-0.74%)

9% less capital invested

Capital invested by funds: $159M → $145M (-$13.8M)

Holders
74
Holders Change
+6
Holders Change %
+8.82%
% of All Funds
2.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
25
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DA
Doliver Advisors
Texas
+$941K
2
AIM
Allen Investment Management
New York
+$537K
3
PPA
Parametric Portfolio Associates
Washington
+$524K
4
U
UBS
Switzerland
+$336K
5
IH
IFC Holdings
Florida
+$335K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.77M
2
Jane Street
Jane Street
New York
-$1.95M
3
GEM
Global Endowment Management
North Carolina
-$1.58M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$1.37M
5
Wells Fargo
Wells Fargo
California
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIC
26
Meridian Investment Counsel
California
$811K +$43K +2,000 +5%
AC
27
Addison Capital
Pennsylvania
$759K +$40.9K +1,900 +6%
Deutsche Bank
28
Deutsche Bank
Germany
$741K +$168K +7,829 +29%
CI
29
Conning Inc
Connecticut
$722K +$8.91K +414 +1%
QCMC
30
Quantum Capital Management (California)
California
$704K +$227K +10,551 +46%
1CP
31
1607 Capital Partners
Virginia
$646K -$488K -22,700 -42%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$625K -$45.2K -2,101 -7%
AIM
33
Allen Investment Management
New York
$525K +$537K +24,981 New
SA
34
Strategic Advisors
New York
$522K +$246K +11,454 +85%
PPA
35
Parametric Portfolio Associates
Washington
$512K +$524K +24,367 New
PAG
36
Private Advisor Group
New Jersey
$508K -$54.8K -2,548 -10%
HCM
37
Hollencrest Capital Management
California
$498K +$26.3K +1,221 +5%
SAM
38
SignalPoint Asset Management
Missouri
$495K – – –
AIG
39
American International Group
New York
$467K +$287K +13,321 +149%
EIA
40
Edgemoor Investment Advisors
Maryland
$440K -$53.8K -2,500 -11%
Citigroup
41
Citigroup
New York
$389K +$8.52K +396 +2%
HCMT
42
Highland Capital Management (Texas)
Texas
$368K – – –
VNB
43
Valley National Bancorp
New York
$342K +$284K +13,190 +425%
IH
44
IFC Holdings
Florida
$332K +$335K +15,561 New
BIM
45
Baldwin Investment Management
Pennsylvania
$315K +$323K +15,000 New
FAAS
46
First Allied Advisory Services
California
$313K -$187K -8,683 -37%
WS
47
Wedbush Securities
California
$304K -$74.3K -3,455 -19%
LCM
48
Landscape Capital Management
New Jersey
$290K +$297K +13,802 New
AQR Capital Management
49
AQR Capital Management
Connecticut
$284K -$1.37M -63,644 -82%
PAA
50
Peregrine Asset Advisers
Oregon
$283K +$2.99K +139 +1%
1
2
3 4

BBN Hedge Fund Activity: Q3 2014 in Review

74 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2014, worth a combined $145M — down 8.6% from $159M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 6 closed out — a net gain of 6 holders — while 25 added to existing stakes and 19 trimmed.

The largest buyer was Doliver Advisors, opening a new position worth an estimated $941K. The largest seller was Sit Investment Associates, cutting an estimated $3.77M.

  • 74 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2014, up from 68 in Q2 2014.
  • Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2014, down 8.6% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2014 and 6 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2014 was Doliver Advisors, an estimated $941K added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2014 was Sit Investment Associates, an estimated $3.77M sold.

Based on aggregated 13F filings for Q3 2014.