BlackRock Taxable Municipal Bond Trust
BBN
105 hedge funds and large institutions have $176M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 10 closing their positions.
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
22% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 27
21% more capital invested
Capital invested by funds: $145M → $176M (+$30.2M)
13% more funds holding
Funds holding: 93 → 105 (+12)
2.4% more ownership
Funds ownership: 10.87% → 13.27% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.43M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.18M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.06M |
| 4 |
Morgan Stanley
New York
|
+$760K |
| 5 |
Squarepoint
New York
|
+$371K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$839K |
| 2 |
CI
Conning Inc
Hartford,
Connecticut
|
-$797K |
| 3 |
William Blair & Company
Chicago,
Illinois
|
-$635K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$470K |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$469K |
BBN Hedge Fund Activity: Q4 2017 in Review
105 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2017, worth a combined $176M — up 21% from $145M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BBN positions and 10 closed out — a net gain of 12 holders — while 33 added to existing stakes and 27 trimmed.
The largest buyer was Invesco, adding an estimated $1.43M. The largest seller was Sit Investment Associates, cutting an estimated $839K.
- 105 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2017, up from 93 in Q3 2017.
- Funds reported $176M of BlackRock Taxable Municipal Bond Trust stock for Q4 2017, up 21% quarter-over-quarter.
- 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2017 and 10 closed out, a net change of +12 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2017 was Invesco, an estimated $1.43M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2017 was Sit Investment Associates, an estimated $839K sold.
Based on aggregated 13F filings for Q4 2017.