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BlackRock Taxable Municipal Bond Trust
BBN

74 hedge funds and large institutions have $158M invested in BlackRock Taxable Municipal Bond Trust in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 14

13% more capital invested

Capital invested by funds: $140M → $158M (+$18.1M)

0.91% more ownership

Funds ownership: 12.14% → 13.04% (+0.91%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 75 → 74 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
74
Holders Change
-1
Holders Change %
-1.33%
% 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
9
Increased
32
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$3.03M
2
UBS Group
UBS Group
Switzerland
+$2.29M
3
OA
Oxbow Advisors
Texas
+$2.16M
4
SIA
Sit Investment Associates
Minnesota
+$2.03M
5
PPA
Parametric Portfolio Associates
Washington
+$1.88M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.75M
2
LCM
Laurion Capital Management
New York
-$1.75M
3
OHA
Oak Hill Advisors
New York
-$1.1M
4
GC
Guggenheim Capital
Illinois
-$733K
5
PP
Paloma Partners
Connecticut
-$687K
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
26
Conning Inc
Connecticut
$796K +$19.5K +952 +3%
PAG
27
Private Advisor Group
New Jersey
$691K +$83.1K +4,057 +14%
AIG
28
American International Group
New York
$616K -$4.85K -237 -0.8%
HCM
29
Hollencrest Capital Management
California
$578K +$46.9K +2,291 +9%
SWP
30
Stratos Wealth Partners
Ohio
$515K +$503K +24,550 New
WKWM
31
Walter & Keenan Wealth Management
Indiana
$508K – – –
Baird Financial Group
32
Baird Financial Group
Wisconsin
$502K +$490K +23,916 New
Citigroup
33
Citigroup
New York
$471K +$13.4K +653 +3%
SAM
34
SignalPoint Asset Management
Missouri
$458K +$881 +43 +0.2%
WS
35
Wedbush Securities
California
$436K +$26.5K +1,295 +7%
BIM
36
Baldwin Investment Management
Pennsylvania
$429K – – –
BTS
37
BB&T Securities
Virginia
$414K +$10.2K +500 +3%
IH
38
IFC Holdings
Florida
$406K +$3.17K +155 +0.8%
LCM
39
Landscape Capital Management
New Jersey
$390K -$188K -9,193 -33%
Deutsche Bank
40
Deutsche Bank
Germany
$372K -$19.5K -950 -5%
SG Americas Securities
41
SG Americas Securities
New York
$354K +$345K +16,865 New
EIA
42
Edgemoor Investment Advisors
Maryland
$345K – – –
EAM
43
Eventide Asset Management
Massachusetts
$303K +$145K +7,100 +97%
QCMC
44
Quantum Capital Management (California)
California
$302K +$61 +3 +0%
MFS
45
MSI Financial Services
Massachusetts
$290K +$242K +11,820 +584%
BB
46
Busey Bank
Illinois
$266K – – –
RCM
47
Robinson Capital Management
Michigan
$262K +$256K +12,505 New
PAA
48
Peregrine Asset Advisers
Oregon
$251K +$2.36K +115 +1%
Stifel Financial
49
Stifel Financial
Missouri
$245K -$66K -3,221 -22%
IA
50
IFP Advisors
Florida
$227K +$222K +10,838 New
1
2
3 4

BBN Hedge Fund Activity: Q4 2015 in Review

74 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2015, worth a combined $158M — up 13% from $140M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BBN and 9 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 32 added.

The largest buyer was LPL Financial, adding an estimated $3.03M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.75M sold.

  • 74 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2015, down from 75 in Q3 2015.
  • Funds reported $158M of BlackRock Taxable Municipal Bond Trust stock for Q4 2015, up 13% quarter-over-quarter.
  • 9 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2015 and 10 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2015 was LPL Financial, an estimated $3.03M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2015 was Rivernorth Capital Management, an estimated $2.75M sold.

Based on aggregated 13F filings for Q4 2015.