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BlackRock Taxable Municipal Bond Trust
BBN

93 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 24

3% more capital invested

Capital invested by funds: $142M → $145M (+$3.71M)

0.06% more ownership

Funds ownership: 10.81% → 10.87% (+0.06%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 97 → 93 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
93
Holders Change
-4
Holders Change %
-4.12%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
35
Reduced
24
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$3.07M
2
Morgan Stanley
Morgan Stanley
New York
+$2.26M
3
GFPC
Global Financial Private Capital
Florida
+$2.07M
4
ECM
Evergreen Capital Management
Washington
+$816K
5
William Blair & Company
William Blair & Company
Illinois
+$637K

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.37M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
Invesco
Invesco
Georgia
-$1.55M
4
SIA
Sit Investment Associates
Minnesota
-$1.47M
5
SG Americas Securities
SG Americas Securities
New York
-$634K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$770K -$73.8K -3,148 -9%
PAG
27
Private Advisor Group
New Jersey
$697K -$43.2K -1,841 -6%
GC
28
Guggenheim Capital
Illinois
$692K -$31.1K -1,327 -4%
RJFSA
29
Raymond James Financial Services Advisors
Florida
$672K -$40.6K -1,730 -6%
IH
30
IFC Holdings
Florida
$669K -$70K -2,984 -9%
CCP
31
Corient Capital Partners
California
$658K -$2.35K -100 -0.4%
AIA
32
Allegis Investment Advisors
Idaho
$654K +$199K +8,505 +44%
HCM
33
Hollencrest Capital Management
California
$640K +$3.24K +138 +0.5%
William Blair & Company
34
William Blair & Company
Illinois
$635K +$637K +27,175 New
DA
35
Doliver Advisors
Texas
$586K -$176K -7,511 -23%
FMTCOCP
36
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$584K – – –
LWAC
37
Laurel Wealth Advisors (California)
California
$553K +$23.4K +1,000 +4%
BRC
38
Bell Rock Capital
Delaware
$549K +$27.5K +1,174 +5%
Baird Financial Group
39
Baird Financial Group
Wisconsin
$533K +$5.74K +245 +1%
WKWM
40
Walter & Keenan Wealth Management
Indiana
$495K -$23.4K -1,000 -5%
SCM
41
Schnieders Capital Management
California
$491K +$121K +5,150 +32%
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$490K +$2.25K +96 +0.5%
SPC
43
Sigma Planning Corp
Michigan
$469K +$470K +20,056 New
SWP
44
Stratos Wealth Partners
Ohio
$468K -$84.6K -3,610 -15%
Bank of New York Mellon
45
Bank of New York Mellon
New York
$445K -$2.37M -101,196 -84%
UR
46
USCA RIA
Texas
$442K – – –
CA
47
Cetera Advisors
Colorado
$431K +$17.2K +734 +4%
Citadel Advisors
48
Citadel Advisors
Florida
$413K +$414K +17,669 New
FAAS
49
First Allied Advisory Services
California
$400K -$15.8K -675 -4%
EIA
50
Edgemoor Investment Advisors
Maryland
$384K – – –
1
2
3 4 5

BBN Hedge Fund Activity: Q3 2017 in Review

93 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2017, worth a combined $145M — up 2.6% from $142M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BBN and 8 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 35 added.

The largest buyer was Ameriprise, adding an estimated $3.07M. The largest seller was Bank of New York Mellon, cutting an estimated $2.37M.

  • 93 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2017, down from 97 in Q2 2017.
  • Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2017, up 2.6% quarter-over-quarter.
  • 8 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2017 and 12 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2017 was Ameriprise, an estimated $3.07M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2017 was Bank of New York Mellon, an estimated $2.37M sold.

Based on aggregated 13F filings for Q3 2017.