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BlackRock Taxable Municipal Bond Trust
BBN

78 hedge funds and large institutions have $176M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

11% more capital invested

Capital invested by funds: $158M → $176M (+$18M)

5% more funds holding

Funds holding: 74 → 78 (+4)

0.35% more ownership

Funds ownership: 13.04% → 13.4% (+0.35%)

Holders
78
Holders Change
+4
Holders Change %
+5.41%
% of All Funds
2.08%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
15
Increased
24
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
+$28M
2
Stifel Financial
Stifel Financial
Missouri
+$2.82M
3
PAG
Private Advisor Group
New Jersey
+$1.08M
4
Morgan Stanley
Morgan Stanley
New York
+$809K
5
OC
Oppenheimer & Co
New York
+$598K

Top Sellers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
-$6.88M
2
FFA
First Foundation Advisors
California
-$4.38M
3
UBS Group
UBS Group
Switzerland
-$4.33M
4
SIA
Sit Investment Associates
Minnesota
-$4.03M
5
FEG
Financial Enhancement Group
Indiana
-$1.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
IH
26
IFC Holdings
Florida
$658K +$201K +9,007 +46%
HCM
27
Hollencrest Capital Management
California
$635K +$1K +45 +0.2%
OC
28
Oppenheimer & Co
New York
$616K +$598K +26,812 New
SWP
29
Stratos Wealth Partners
Ohio
$564K – – –
WKWM
30
Walter & Keenan Wealth Management
Indiana
$510K -$44.6K -2,000 -8%
SAM
31
SignalPoint Asset Management
Missouri
$502K +$468 +21 +0.1%
Citigroup
32
Citigroup
New York
$487K -$28.2K -1,265 -6%
BIM
33
Baldwin Investment Management
Pennsylvania
$470K – – –
WS
34
Wedbush Securities
California
$469K -$8.56K -384 -2%
MFS
35
MSI Financial Services
Massachusetts
$421K +$100K +4,486 +32%
Deutsche Bank
36
Deutsche Bank
Germany
$408K – – –
EIA
37
Edgemoor Investment Advisors
Maryland
$378K – – –
SPC
38
Sigma Planning Corp
Michigan
$372K +$361K +16,173 New
MIAN
39
Mariner Independent Advisor Network
Kansas
$346K +$338K +15,140 New
EAM
40
Eventide Asset Management
Massachusetts
$332K – – –
QCMC
41
Quantum Capital Management (California)
California
$323K -$8.14K -365 -3%
BTS
42
BB&T Securities
Virginia
$300K -$149K -6,700 -34%
OA
43
Oxbow Advisors
Texas
$299K -$6.88M -308,491 -96%
BB
44
Busey Bank
Illinois
$291K – – –
RJT
45
Raymond James Trust
Florida
$269K +$28.4K +1,272 +12%
FAAS
46
First Allied Advisory Services
California
$254K +$7.36K +330 +3%
RCM
47
Robinson Capital Management
Michigan
$236K -$50.2K -2,250 -18%
VFS
48
VSR Financial Services
Kansas
$233K +$10.3K +460 +5%
SCM
49
Schnieders Capital Management
California
$230K +$224K +10,025 New
PMG
50
ProVise Management Group
Florida
$227K +$220K +9,877 New
1
2
3 4

BBN Hedge Fund Activity: Q1 2016 in Review

78 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2016, worth a combined $176M — up 11% from $158M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BBN positions and 11 closed out — a net gain of 4 holders — while 24 added to existing stakes and 21 trimmed.

The largest buyer was AmeriServ Wealth Advisors, opening a new position worth an estimated $28M. The largest seller was Oxbow Advisors, cutting an estimated $6.88M.

  • 78 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2016, up from 74 in Q4 2015.
  • Funds reported $176M of BlackRock Taxable Municipal Bond Trust stock for Q1 2016, up 11% quarter-over-quarter.
  • 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2016 and 11 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2016 was AmeriServ Wealth Advisors, an estimated $28M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2016 was Oxbow Advisors, an estimated $6.88M sold.

Based on aggregated 13F filings for Q1 2016.