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BlackRock Taxable Municipal Bond Trust
BBN

84 hedge funds and large institutions have $186M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 17 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

112% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 17

8% more funds holding

Funds holding: 78 → 84 (+6)

6% more capital invested

Capital invested by funds: $176M → $186M (+$9.82M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.07% less ownership

Funds ownership: 13.4% → 13.33% (-0.07%)

Holders
84
Holders Change
+6
Holders Change %
+7.69%
% of All Funds
2.24%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
10
Increased
36
Reduced
17
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
+$1.75M
2
Wells Fargo
Wells Fargo
California
+$1.37M
3
Morgan Stanley
Morgan Stanley
New York
+$1.25M
4
JHIU
Janus Henderson Investors US
Colorado
+$957K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$946K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.63M
2
LPL Financial
LPL Financial
California
-$3.56M
3
Bank of America
Bank of America
North Carolina
-$2.27M
4
Invesco
Invesco
Georgia
-$951K
5
PAG
Private Advisor Group
New Jersey
-$780K
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
26
Oppenheimer & Co
New York
$711K +$55.3K +2,362 +9%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$708K +$452K +19,310 +199%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$700K -$203K -8,675 -23%
HCM
29
Hollencrest Capital Management
California
$677K +$4K +171 +0.6%
SWP
30
Stratos Wealth Partners
Ohio
$659K +$58.5K +2,500 +10%
SPC
31
Sigma Planning Corp
Michigan
$617K +$214K +9,137 +56%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$612K -$369K -15,761 -39%
WS
33
Wedbush Securities
California
$575K +$74.2K +3,170 +16%
MIAN
34
Mariner Independent Advisor Network
Kansas
$547K +$170K +7,278 +48%
WKWM
35
Walter & Keenan Wealth Management
Indiana
$541K – – –
SAM
36
SignalPoint Asset Management
Missouri
$534K +$679 +29 +0.1%
PMG
37
ProVise Management Group
Florida
$509K +$258K +11,026 +112%
BIM
38
Baldwin Investment Management
Pennsylvania
$499K – – –
MFS
39
MSI Financial Services
Massachusetts
$494K +$45.2K +1,930 +11%
Deutsche Bank
40
Deutsche Bank
Germany
$432K – – –
EIA
41
Edgemoor Investment Advisors
Maryland
$401K – – –
IA
42
IFP Advisors
Florida
$397K +$372K +15,900 +3,975%
LWAC
43
Laurel Wealth Advisors (California)
California
$376K +$361K +15,430 New
VKH
44
Virtu KCG Holdings
New York
$373K +$358K +15,296 New
AG
45
Advisor Group
Arizona
$336K +$324K +13,837 New
EAM
46
Eventide Asset Management
Massachusetts
$328K -$23.4K -1,000 -7%
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$325K +$275K +11,748 +755%
QCMC
48
Quantum Capital Management (California)
California
$317K -$24.5K -1,047 -7%
OA
49
Oxbow Advisors
Texas
$317K +$23 +1 +0%
GC
50
Guggenheim Capital
Illinois
$312K +$300K +12,801 New
1
2
3 4

BBN Hedge Fund Activity: Q2 2016 in Review

84 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2016, worth a combined $186M — up 5.6% from $176M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BBN positions and 4 closed out — a net gain of 6 holders — while 36 added to existing stakes and 17 trimmed.

The largest buyer was AmeriServ Wealth Advisors, adding an estimated $1.75M. The largest seller was Sit Investment Associates, cutting an estimated $4.63M.

  • 84 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2016, up from 78 in Q1 2016.
  • Funds reported $186M of BlackRock Taxable Municipal Bond Trust stock for Q2 2016, up 5.6% quarter-over-quarter.
  • 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2016 and 4 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2016 was AmeriServ Wealth Advisors, an estimated $1.75M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2016 was Sit Investment Associates, an estimated $4.63M sold.

Based on aggregated 13F filings for Q2 2016.