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BlackRock Taxable Municipal Bond Trust
BBN

92 hedge funds and large institutions have $165M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.49% less ownership

Funds ownership: 13.27% → 12.78% (-0.49%)

6% less capital invested

Capital invested by funds: $176M → $165M (-$11.1M)

12% less funds holding

Funds holding: 105 → 92 (-13)

65% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 20

Holders
92
Holders Change
-13
Holders Change %
-12.38%
% of All Funds
2.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
41
Reduced
18
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$7.68M
2
CA
Cornerstone Advisory
Maryland
+$5.86M
3
LPL Financial
LPL Financial
California
+$1.4M
4
UBS Group
UBS Group
Switzerland
+$924K
5
Invesco
Invesco
Georgia
+$451K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$13.5M
2
Ameriprise
Ameriprise
Minnesota
-$2.83M
3
Morgan Stanley
Morgan Stanley
New York
-$1.47M
4
SIA
Sit Investment Associates
Minnesota
-$1.21M
5
Wells Fargo
Wells Fargo
California
-$874K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Guggenheim Capital
Illinois
$799K +$14.1K +634 +2%
Baird Financial Group
27
Baird Financial Group
Wisconsin
$792K +$7.68K +345 +1%
BTS
28
BB&T Securities
Virginia
$782K -$196K -8,794 -20%
ECM
29
Evergreen Capital Management
Washington
$759K +$111 +5 +0%
LA
30
LexAurum Advisors
Kansas
$754K +$67 +3 +0%
DADC
31
D.A. Davidson & Co
Montana
$749K +$188K +8,452 +34%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$748K +$25.8K +1,161 +4%
Citigroup
33
Citigroup
New York
$734K -$38.1K -1,711 -5%
AIA
34
Allegis Investment Advisors
Idaho
$710K +$35.7K +1,602 +5%
PAG
35
Private Advisor Group
New Jersey
$582K +$363K +16,330 +171%
SCM
36
Schnieders Capital Management
California
$578K +$50.1K +2,250 +10%
FMTCOCP
37
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$563K – – –
LWAC
38
Laurel Wealth Advisors (California)
California
$533K – – –
BRC
39
Bell Rock Capital
Delaware
$527K +$2.34K +105 +0.5%
WKWM
40
Walter & Keenan Wealth Management
Indiana
$477K – – –
UR
41
USCA RIA
Texas
$435K +$15.6K +700 +4%
SWP
42
Stratos Wealth Partners
Ohio
$382K +$3.43K +154 +0.9%
MML Investors Services
43
MML Investors Services
Massachusetts
$372K -$34.3K -1,539 -9%
EIA
44
Edgemoor Investment Advisors
Maryland
$370K – – –
FAAS
45
First Allied Advisory Services
California
$366K -$4.45K -200 -1%
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$362K +$8.64K +388 +2%
NL
47
NWAM LLC
Washington
$332K +$329K +14,763 New
PMG
48
ProVise Management Group
Florida
$330K – – –
GLA
49
Good Life Advisors
Pennsylvania
$329K – – –
FIAS
50
FinTrust Investment Advisory Services
South Carolina
$306K – – –
1
2
3 4 5

BBN Hedge Fund Activity: Q1 2018 in Review

92 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2018, worth a combined $165M — down 6.3% from $176M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of BBN and 7 opened new positions — a net loss of 13 holders — while 18 trimmed existing stakes and 41 added.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $7.68M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $13.5M.

  • 92 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2018, down from 105 in Q4 2017.
  • Funds reported $165M of BlackRock Taxable Municipal Bond Trust stock for Q1 2018, down 6.3% quarter-over-quarter.
  • 7 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2018 and 20 closed out, a net change of -13 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2018 was Goldman Sachs, an estimated $7.68M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2018 was AmeriServ Wealth Advisors, an estimated $13.5M sold.

Based on aggregated 13F filings for Q1 2018.