We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

76 hedge funds and large institutions have $163M invested in BlackRock Taxable Municipal Bond Trust in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

12% more capital invested

Capital invested by funds: $145M → $163M (+$17.3M)

3% more funds holding

Funds holding: 74 → 76 (+2)

0.77% more ownership

Funds ownership: 11.9% → 12.67% (+0.77%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
76
Holders Change
+2
Holders Change %
+2.7%
% of All Funds
2.03%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
15
Increased
27
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JHIU
Janus Henderson Investors US
Colorado
+$11.9M
2
Invesco
Invesco
Georgia
+$2.61M
3
FFA
First Foundation Advisors
California
+$787K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$661K
5
SG Americas Securities
SG Americas Securities
New York
+$491K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.13M
2
Morgan Stanley
Morgan Stanley
New York
-$1.7M
3
OA
Oxbow Advisors
Texas
-$1.63M
4
JG
Jefferies Group
New York
-$1.22M
5
AC
Allstate Corporation
Illinois
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIC
26
Meridian Investment Counsel
California
$821K -$33.2K -1,550 -4%
BA
27
Boston Advisors
Massachusetts
$800K -$771K -35,957 -50%
CI
28
Conning Inc
Connecticut
$780K +$18.2K +848 +2%
1CP
29
1607 Capital Partners
Virginia
$681K – – –
PAG
30
Private Advisor Group
New Jersey
$604K +$66.6K +3,105 +13%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$588K -$68.9K -3,215 -11%
HCM
32
Hollencrest Capital Management
California
$580K +$53K +2,471 +10%
SA
33
Strategic Advisors
New York
$552K +$986 +46 +0.2%
VNB
34
Valley National Bancorp
New York
$532K +$165K +7,700 +47%
SAM
35
SignalPoint Asset Management
Missouri
$517K -$5.36K -250 -1%
AIG
36
American International Group
New York
$513K +$19.8K +922 +4%
SG Americas Securities
37
SG Americas Securities
New York
$507K +$491K +22,886 New
EIA
38
Edgemoor Investment Advisors
Maryland
$428K -$34.7K -1,620 -8%
Citigroup
39
Citigroup
New York
$423K +$13.5K +630 +3%
HCMT
40
Highland Capital Management (Texas)
Texas
$388K – – –
IH
41
IFC Holdings
Florida
$355K +$14.6K +682 +4%
AQR Capital Management
42
AQR Capital Management
Connecticut
$355K +$53.4K +2,489 +18%
BIM
43
Baldwin Investment Management
Pennsylvania
$332K – – –
PAA
44
Peregrine Asset Advisers
Oregon
$301K +$3.06K +143 +1%
LCM
45
Landscape Capital Management
New Jersey
$295K -$10.8K -505 -4%
BB
46
Busey Bank
Illinois
$281K +$272K +12,679 New
PPA
47
Parametric Portfolio Associates
Washington
$280K -$252K -11,747 -48%
ACM
48
Aviance Capital Management
Florida
$235K +$228K +10,622 New
CS
49
Credit Suisse
Switzerland
$224K +$2.21K +103 +1%
RJT
50
Raymond James Trust
Florida
$209K +$202K +9,419 New
1
2
3 4

BBN Hedge Fund Activity: Q4 2014 in Review

76 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2014, worth a combined $163M — up 12% from $145M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BBN positions and 10 closed out — a net gain of 5 holders — while 27 added to existing stakes and 19 trimmed.

The largest buyer was Janus Henderson Investors US, opening a new position worth an estimated $11.9M. The largest seller was Sit Investment Associates, cutting an estimated $2.13M.

  • 76 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2014, up from 74 in Q3 2014.
  • Funds reported $163M of BlackRock Taxable Municipal Bond Trust stock for Q4 2014, up 12% quarter-over-quarter.
  • 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2014 and 10 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2014 was Janus Henderson Investors US, an estimated $11.9M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2014 was Sit Investment Associates, an estimated $2.13M sold.

Based on aggregated 13F filings for Q4 2014.