BlackRock Taxable Municipal Bond Trust
BBN
87 hedge funds and large institutions have $163M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 19 reducing their positions, and 14 closing their positions.
84% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 19
2% more capital invested
Capital invested by funds: $159M → $163M (+$3.71M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.15% less ownership
Funds ownership: 12.88% → 12.73% (-0.15%)
5% less funds holding
Funds holding: 92 → 87 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$7.51M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.38M |
| 3 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$1.12M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$785K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$781K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$9.73M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.78M |
| 3 |
SG Americas Securities
New York
|
-$1.11M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.05M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$648K |
BBN Hedge Fund Activity: Q1 2017 in Review
87 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2017, worth a combined $163M — up 2.3% from $159M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BBN and 10 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 35 added.
The largest buyer was Ameriprise, opening a new position worth an estimated $7.51M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $9.73M.
- 87 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2017, down from 92 in Q4 2016.
- Funds reported $163M of BlackRock Taxable Municipal Bond Trust stock for Q1 2017, up 2.3% quarter-over-quarter.
- 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2017 and 14 closed out, a net change of -4 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2017 was Ameriprise, an estimated $7.51M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2017 was AmeriServ Wealth Advisors, an estimated $9.73M sold.
Based on aggregated 13F filings for Q1 2017.