We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

99 hedge funds and large institutions have $201M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 35 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 22

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

7% more capital invested

Capital invested by funds: $187M → $201M (+$13.8M)

1% more funds holding

Funds holding: 98 → 99 (+1)

0.21% more ownership

Funds ownership: 14.59% → 14.8% (+0.21%)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
99
Holders Change
+1
Holders Change %
+1.02%
% of All Funds
2.15%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
12
Increased
35
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.8M
2
Ameriprise
Ameriprise
Minnesota
+$3.35M
3
PCIA
Prime Capital Investment Advisors
Kansas
+$2.21M
4
CA
Cetera Advisors
Colorado
+$1.34M
5
UBS Group
UBS Group
Switzerland
+$972K

Top Sellers

Rank Fund Capital Flow
1
GFPC
Global Financial Private Capital
Florida
-$4.91M
2
HH
Hilltop Holdings
Texas
-$1.72M
3
FEG
Financial Enhancement Group
Indiana
-$969K
4
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$725K
5
CRC
Curi RMB Capital
Illinois
-$393K
Name Holding Trade Value Shares
Change 		Change in
Stake
IWA
26
IBEX Wealth Advisors
New Jersey
$1.32M +$240K +10,404 +23%
OA
27
Oxbow Advisors
Texas
$1.18M -$42.8K -1,855 -4%
MIC
28
Meridian Investment Counsel
California
$1.14M – – –
RJFSA
29
Raymond James Financial Services Advisors
Florida
$995K +$65.2K +2,825 +7%
ASN
30
Advisory Services Network
Georgia
$961K -$31.8K -1,377 -3%
NL
31
NWAM LLC
Washington
$889K -$23.3K -1,011 -3%
Citigroup
32
Citigroup
New York
$853K -$86K -3,724 -9%
GC
33
Guggenheim Capital
Illinois
$822K +$49.7K +2,152 +7%
TA
34
TCG Advisors
Texas
$795K +$52.4K +2,271 +7%
SCM
35
Schnieders Capital Management
California
$680K – – –
LA
36
LexAurum Advisors
Kansas
$648K -$17.3K -751 -3%
FMTCOCP
37
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$593K – – –
PMG
38
ProVise Management Group
Florida
$582K +$16K +692 +3%
Millennium Management
39
Millennium Management
New York
$523K +$275K +11,891 +117%
LWAC
40
Laurel Wealth Advisors (California)
California
$521K -$53.3K -2,310 -10%
GLA
41
Good Life Advisors
Pennsylvania
$514K – – –
SWP
42
Stratos Wealth Partners
Ohio
$503K +$9.81K +425 +2%
BRC
43
Bell Rock Capital
Delaware
$490K -$39.5K -1,710 -8%
FCA
44
FinTrust Capital Advisors
South Carolina
$453K – – –
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$426K +$11.1K +482 +3%
EM
46
ELCO Management
New York
$415K +$404K +17,500 New
M&T Bank
47
M&T Bank
New York
$408K +$397K +17,183 New
BB
48
Busey Bank
Illinois
$405K +$115K +5,000 +41%
EIA
49
Edgemoor Investment Advisors
Maryland
$390K – – –
WKWM
50
Walter & Keenan Wealth Management
Indiana
$387K – – –
1
2
3 4 5

BBN Hedge Fund Activity: Q2 2019 in Review

99 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2019, worth a combined $201M — up 7.4% from $187M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 9 closed out — a net gain of 3 holders — while 35 added to existing stakes and 22 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.8M. The largest seller was Global Financial Private Capital, exiting entirely with an estimated $4.91M sold.

  • 99 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2019, up from 98 in Q1 2019.
  • Funds reported $201M of BlackRock Taxable Municipal Bond Trust stock for Q2 2019, up 7.4% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2019 and 9 closed out, a net change of +3 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2019 was Morgan Stanley, an estimated $3.8M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2019 was Global Financial Private Capital, an estimated $4.91M sold.

Based on aggregated 13F filings for Q2 2019.