We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

72 hedge funds and large institutions have $128M invested in BlackRock Taxable Municipal Bond Trust in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

4% more funds holding

Funds holding: 69 → 72 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.52% less ownership

Funds ownership: 11.77% → 11.25% (-0.52%)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

17% less capital invested

Capital invested by funds: $155M → $128M (-$27M)

Holders
72
Holders Change
+3
Holders Change %
+4.35%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
18
Reduced
20
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.85M
2
RCM
Rivernorth Capital Management
Florida
+$2.69M
3
DA
Doliver Advisors
Texas
+$1.93M
4
FFA
First Foundation Advisors
California
+$1.48M
5
LCM
Landscape Capital Management
New Jersey
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$5.29M
2
Morgan Stanley
Morgan Stanley
New York
-$3.83M
3
JHIU
Janus Henderson Investors US
Colorado
-$2.25M
4
UBS Group
UBS Group
Switzerland
-$1.85M
5
CWM
Cabot Wealth Management
Massachusetts
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
26
SignalPoint Asset Management
Missouri
$531K – – –
AIG
27
American International Group
New York
$514K +$35.4K +1,656 +7%
HCM
28
Hollencrest Capital Management
California
$501K +$856 +40 +0.2%
BIM
29
Baldwin Investment Management
Pennsylvania
$406K – – –
Citigroup
30
Citigroup
New York
$400K +$65.1K +3,044 +18%
IH
31
IFC Holdings
Florida
$387K +$58.6K +2,741 +17%
ASN
32
Advisory Services Network
Georgia
$384K +$415K +19,400 New
RJFSA
33
Raymond James Financial Services Advisors
Florida
$381K +$410K +19,164 New
HCMT
34
Highland Capital Management (Texas)
Texas
$348K – – –
PAG
35
Private Advisor Group
New Jersey
$330K -$173K -8,100 -33%
EIA
36
Edgemoor Investment Advisors
Maryland
$326K -$38.5K -1,800 -10%
BTS
37
BB&T Securities
Virginia
$321K +$96.3K +4,500 +38%
WS
38
Wedbush Securities
California
$302K +$325K +15,214 New
WKWM
39
Walter & Keenan Wealth Management
Indiana
$298K – – –
QCMC
40
Quantum Capital Management (California)
California
$286K -$58.8K -2,748 -16%
CCS
41
Crosspoint Capital Strategies
California
$273K -$59.9K -2,800 -17%
VKH
42
Virtu KCG Holdings
New York
$265K +$286K +13,353 New
BB
43
Busey Bank
Illinois
$252K – – –
PAA
44
Peregrine Asset Advisers
Oregon
$227K -$1.99K -93 -0.8%
CRC
45
Curi RMB Capital
Illinois
$220K +$237K +11,094 New
Stifel Financial
46
Stifel Financial
Missouri
$210K +$226K +10,553 New
RJT
47
Raymond James Trust
Florida
$207K – – –
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
$203K +$19.3K +903 +10%
CS
49
Credit Suisse
Switzerland
$199K – – –
FAAS
50
First Allied Advisory Services
California
$199K +$13.2K +615 +6%
1
2
3 4

BBN Hedge Fund Activity: Q2 2015 in Review

72 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2015, worth a combined $128M — down 17% from $155M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BBN positions and 11 closed out — a net gain of 3 holders — while 18 added to existing stakes and 20 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $2.85M. The largest seller was Goldman Sachs, exiting entirely with an estimated $5.29M sold.

  • 72 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2015, up from 69 in Q1 2015.
  • Funds reported $128M of BlackRock Taxable Municipal Bond Trust stock for Q2 2015, down 17% quarter-over-quarter.
  • 14 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2015 and 11 closed out, a net change of +3 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2015 was Sit Investment Associates, an estimated $2.85M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2015 was Goldman Sachs, an estimated $5.29M sold.

Based on aggregated 13F filings for Q2 2015.