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BlackRock Taxable Municipal Bond Trust
BBN

75 hedge funds and large institutions have $140M invested in BlackRock Taxable Municipal Bond Trust in 2015 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 17

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

9% more capital invested

Capital invested by funds: $128M → $140M (+$12.1M)

4% more funds holding

Funds holding: 72 → 75 (+3)

0.88% more ownership

Funds ownership: 11.25% → 12.14% (+0.88%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
75
Holders Change
+3
Holders Change %
+4.17%
% of All Funds
2.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
31
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JHIU
Janus Henderson Investors US
Colorado
+$3.91M
2
UBS Group
UBS Group
Switzerland
+$1.8M
3
LCM
Laurion Capital Management
New York
+$1.74M
4
HighTower Advisors
HighTower Advisors
Illinois
+$1.53M
5
FEG
Financial Enhancement Group
Indiana
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
OHA
Oak Hill Advisors
New York
-$2.39M
2
DA
Doliver Advisors
Texas
-$1.8M
3
Invesco
Invesco
Georgia
-$538K
4
Deutsche Bank
Deutsche Bank
Germany
-$446K
5
LCM
Landscape Capital Management
New Jersey
-$436K
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
26
Conning Inc
Connecticut
$747K +$14.4K +717 +2%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$677K +$289K +14,390 +75%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$659K -$197K -9,841 -23%
AIG
29
American International Group
New York
$597K +$75.4K +3,756 +15%
PAG
30
Private Advisor Group
New Jersey
$583K +$246K +12,269 +74%
LCM
31
Landscape Capital Management
New Jersey
$560K -$436K -21,737 -44%
HCM
32
Hollencrest Capital Management
California
$510K +$1.75K +87 +0.3%
YMRC
33
Yorktown Management & Research Company
Virginia
$505K +$502K +25,000 New
WKWM
34
Walter & Keenan Wealth Management
Indiana
$488K +$185K +9,200 +61%
SAM
35
SignalPoint Asset Management
Missouri
$440K -$32.7K -1,628 -7%
Citigroup
36
Citigroup
New York
$440K +$34.1K +1,700 +8%
BIM
37
Baldwin Investment Management
Pennsylvania
$413K – – –
WS
38
Wedbush Securities
California
$393K +$85.8K +4,278 +28%
IH
39
IFC Holdings
Florida
$388K +$2.41K +120 +0.6%
BTS
40
BB&T Securities
Virginia
$388K +$61.2K +3,050 +19%
Deutsche Bank
41
Deutsche Bank
Germany
$377K -$446K -22,250 -54%
HCMT
42
Highland Capital Management (Texas)
Texas
$353K – – –
EIA
43
Edgemoor Investment Advisors
Maryland
$332K – – –
Stifel Financial
44
Stifel Financial
Missouri
$300K +$86.9K +4,329 +41%
QCMC
45
Quantum Capital Management (California)
California
$291K +$40 +2 +0%
BB
46
Busey Bank
Illinois
$256K – – –
PAA
47
Peregrine Asset Advisers
Oregon
$239K +$8.35K +416 +4%
FAAS
48
First Allied Advisory Services
California
$215K +$10.2K +510 +5%
RJT
49
Raymond James Trust
Florida
$210K – – –
Cambridge Investment Research Advisors
50
Cambridge Investment Research Advisors
Iowa
$207K +$502 +25 +0.2%
1
2
3 4

BBN Hedge Fund Activity: Q3 2015 in Review

75 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2015, worth a combined $140M — up 9.5% from $128M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 8 closed out — a net gain of 4 holders — while 31 added to existing stakes and 17 trimmed.

The largest buyer was Janus Henderson Investors US, adding an estimated $3.91M. The largest seller was Oak Hill Advisors, cutting an estimated $2.39M.

  • 75 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2015, up from 72 in Q2 2015.
  • Funds reported $140M of BlackRock Taxable Municipal Bond Trust stock for Q3 2015, up 9.5% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2015 and 8 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2015 was Janus Henderson Investors US, an estimated $3.91M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2015 was Oak Hill Advisors, an estimated $2.39M sold.

Based on aggregated 13F filings for Q3 2015.