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BlackRock Taxable Municipal Bond Trust
BBN

83 hedge funds and large institutions have $178M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 20

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

0.34% less ownership

Funds ownership: 13.33% → 12.99% (-0.34%)

4% less capital invested

Capital invested by funds: $186M → $178M (-$8.14M)

1% less funds holding

Funds holding: 84 → 83 (-1)

Holders
83
Holders Change
-1
Holders Change %
-1.19%
% of All Funds
2.21%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
10
Increased
31
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$3.12M
2
Bank of New York Mellon
Bank of New York Mellon
New York
+$2.94M
3
DA
Doliver Advisors
Texas
+$2.45M
4
NMC
Nine Masts Capital
Hong Kong
+$2.41M
5
BTS
BB&T Securities
Virginia
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
JHIU
Janus Henderson Investors US
Colorado
-$5.93M
2
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$5.05M
3
Wells Fargo
Wells Fargo
California
-$3.01M
4
Bank of America
Bank of America
North Carolina
-$2.93M
5
PMLI
Penn Mutual Life Insurance
Pennsylvania
-$2.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
26
Conning Inc
Connecticut
$921K – – –
GC
27
Guggenheim Capital
Illinois
$820K +$523K +21,428 +167%
IH
28
IFC Holdings
Florida
$734K -$6.89K -282 -0.9%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$709K +$109K +4,446 +18%
CCP
30
Corient Capital Partners
California
$683K +$696K +28,500 New
PMG
31
ProVise Management Group
Florida
$677K +$180K +7,351 +35%
HCM
32
Hollencrest Capital Management
California
$669K +$3K +123 +0.4%
TC
33
TFS Capital
Pennsylvania
$659K +$671K +27,480 New
SWP
34
Stratos Wealth Partners
Ohio
$650K +$1.76K +72 +0.3%
RJFSA
35
Raymond James Financial Services Advisors
Florida
$620K -$70.2K -2,875 -10%
HH
36
Hilltop Holdings
Texas
$590K +$602K +24,645 New
SPC
37
Sigma Planning Corp
Michigan
$568K -$39.6K -1,620 -6%
MLL
38
Moody Lynn & Lieberson
Massachusetts
$567K -$143K -5,860 -20%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$549K +$234K +9,585 +72%
OC
40
Oppenheimer & Co
New York
$548K -$154K -6,302 -22%
MIAN
41
Mariner Independent Advisor Network
Kansas
$537K – – –
WKWM
42
Walter & Keenan Wealth Management
Indiana
$532K – – –
WS
43
Wedbush Securities
California
$530K -$35.4K -1,451 -6%
SAM
44
SignalPoint Asset Management
Missouri
$525K +$708 +29 +0.1%
MFS
45
MSI Financial Services
Massachusetts
$433K -$54K -2,209 -11%
FAAS
46
First Allied Advisory Services
California
$418K +$183K +7,512 +76%
IA
47
IFP Advisors
Florida
$398K +$7.5K +307 +2%
WSFS
48
Wilmington Savings Fund Society
Delaware
$398K +$406K +16,601 New
BIM
49
Baldwin Investment Management
Pennsylvania
$394K -$97.7K -4,000 -20%
EIA
50
Edgemoor Investment Advisors
Maryland
$394K – – –
1
2
3 4

BBN Hedge Fund Activity: Q3 2016 in Review

83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2016, worth a combined $178M — down 4.4% from $186M a quarter earlier.

Fund positioning in BBN was balanced in Q3 2016: 10 funds opened new positions, 10 closed out, 31 added to existing stakes and 20 trimmed.

The largest buyer was UBS Group, adding an estimated $3.12M. The largest seller was Janus Henderson Investors US, cutting an estimated $5.93M.

  • 83 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2016, down from 84 in Q2 2016.
  • Funds reported $178M of BlackRock Taxable Municipal Bond Trust stock for Q3 2016, down 4.4% quarter-over-quarter.
  • 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2016 and 10 closed out, a net change of 0 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2016 was UBS Group, an estimated $3.12M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2016 was Janus Henderson Investors US, an estimated $5.93M sold.

Based on aggregated 13F filings for Q3 2016.