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BlackRock Taxable Municipal Bond Trust
BBN

98 hedge funds and large institutions have $187M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 29 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 29

3% more capital invested

Capital invested by funds: $182M → $187M (+$5.46M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.52% less ownership

Funds ownership: 15.1% → 14.59% (-0.52%)

5% less funds holding

Funds holding: 103 → 98 (-5)

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

Holders
98
Holders Change
-5
Holders Change %
-4.85%
% of All Funds
2.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
12
Increased
33
Reduced
29
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.79M
2
CA
Cetera Advisors
Colorado
+$3.78M
3
GFPC
Global Financial Private Capital
Florida
+$2.37M
4
Wells Fargo
Wells Fargo
California
+$2.36M
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$9.15M
2
OA
Oxbow Advisors
Texas
-$7.23M
3
CA
Cornerstone Advisory
Maryland
-$2.7M
4
Invesco
Invesco
Georgia
-$2.56M
5
HH
Hilltop Holdings
Texas
-$2.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
26
Intellectus Partners
California
$1.35M +$1.32M +60,126 New
OA
27
Oxbow Advisors
Texas
$1.15M -$7.23M -329,600 -87%
MIC
28
Meridian Investment Counsel
California
$1.08M -$15.4K -700 -1%
IWA
29
IBEX Wealth Advisors
New Jersey
$1.01M +$990K +45,103 New
FEG
30
Financial Enhancement Group
Indiana
$969K +$948K +43,207 New
ASN
31
Advisory Services Network
Georgia
$940K -$31K -1,414 -3%
Citigroup
32
Citigroup
New York
$890K +$30.9K +1,410 +4%
RJFSA
33
Raymond James Financial Services Advisors
Florida
$877K -$532K -24,243 -38%
NL
34
NWAM LLC
Washington
$863K +$33.4K +1,520 +4%
GC
35
Guggenheim Capital
Illinois
$729K +$116K +5,302 +19%
TA
36
TCG Advisors
Texas
$701K -$51.6K -2,350 -7%
SCM
37
Schnieders Capital Management
California
$642K +$54.9K +2,500 +10%
LA
38
LexAurum Advisors
Kansas
$630K +$329 +15 +0.1%
FMTCOCP
39
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$561K – – –
LWAC
40
Laurel Wealth Advisors (California)
California
$545K +$14.8K +675 +3%
PMG
41
ProVise Management Group
Florida
$535K +$44.6K +2,034 +9%
BRC
42
Bell Rock Capital
Delaware
$501K +$2.19K +100 +0.4%
GLA
43
Good Life Advisors
Pennsylvania
$488K +$98.3K +4,480 +26%
SWP
44
Stratos Wealth Partners
Ohio
$466K +$12.9K +588 +3%
FCA
45
FinTrust Capital Advisors
South Carolina
$428K – – –
MAFM
46
Mid Atlantic Financial Management
Pennsylvania
$410K -$145K -6,600 -27%
CRC
47
Curi RMB Capital
Illinois
$393K +$121K +5,500 +46%
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
$392K -$9.57K -436 -2%
MML Investors Services
49
MML Investors Services
Massachusetts
$373K -$32.8K -1,494 -8%
EIA
50
Edgemoor Investment Advisors
Maryland
$369K – – –
1
2
3 4 5

BBN Hedge Fund Activity: Q1 2019 in Review

98 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2019, worth a combined $187M — up 3% from $182M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BBN and 12 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 33 added.

The largest buyer was Morgan Stanley, adding an estimated $4.79M. The largest seller was Goldman Sachs, exiting entirely with an estimated $9.15M sold.

  • 98 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2019, down from 103 in Q4 2018.
  • Funds reported $187M of BlackRock Taxable Municipal Bond Trust stock for Q1 2019, up 3% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2019 and 17 closed out, a net change of -5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2019 was Morgan Stanley, an estimated $4.79M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2019 was Goldman Sachs, an estimated $9.15M sold.

Based on aggregated 13F filings for Q1 2019.