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BlackRock Taxable Municipal Bond Trust
BBN

101 hedge funds and large institutions have $260M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 22

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

6% more capital invested

Capital invested by funds: $246M → $260M (+$14.1M)

3% more funds holding

Funds holding: 98 → 101 (+3)

1.27% more ownership

Funds ownership: 17.41% → 18.68% (+1.3%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
101
Holders Change
+3
Holders Change %
+3.06%
% of All Funds
1.99%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
12
Increased
38
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$4.32M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.49M
3
Morgan Stanley
Morgan Stanley
New York
+$2.36M
4
Invesco
Invesco
Georgia
+$2.07M
5
Wells Fargo
Wells Fargo
California
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$5.04M
2
HH
Hilltop Holdings
Texas
-$2.62M
3
PCIA
Prime Capital Investment Advisors
Kansas
-$434K
4
JG
Jefferies Group
New York
-$364K
5
Citigroup
Citigroup
New York
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
IWA
26
IBEX Wealth Advisors
New Jersey
$1.76M +$380K +15,846 +28%
AFS
27
Access Financial Services
Minnesota
$1.75M +$104K +4,330 +6%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$1.69M +$1.1M +45,948 +197%
NL
29
NWAM LLC
Washington
$1.42M +$340K +14,198 +32%
TA
30
TCG Advisors
Texas
$1.29M +$108K +4,501 +9%
OA
31
Oxbow Advisors
Texas
$1.2M -$54.1K -2,257 -4%
MIC
32
Meridian Investment Counsel
California
$1.17M – – –
SCM
33
Schnieders Capital Management
California
$1.09M +$389K +16,250 +57%
M&T Bank
34
M&T Bank
New York
$1.05M +$456K +19,028 +79%
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$961K +$761K +31,772 +412%
ASN
36
Advisory Services Network
Georgia
$943K -$43.3K -1,808 -4%
SWP
37
Stratos Wealth Partners
Ohio
$862K +$346K +14,424 +69%
LA
38
LexAurum Advisors
Kansas
$666K +$264 +11 +0%
PMG
39
ProVise Management Group
Florida
$629K – – –
FMTCOCP
40
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$609K – – –
LWAC
41
Laurel Wealth Advisors (California)
California
$600K -$170K -7,083 -22%
Cetera Investment Advisers
42
Cetera Investment Advisers
Illinois
$516K -$43.1K -1,798 -8%
Citigroup
43
Citigroup
New York
$509K -$337K -14,047 -40%
BRC
44
Bell Rock Capital
Delaware
$494K +$3.19K +133 +0.7%
EM
45
ELCO Management
New York
$494K +$43.1K +1,800 +10%
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$490K +$6.04K +252 +1%
SRSA
47
S.R. Schill & Associates
Washington
$480K -$71.9K -3,000 -13%
FCA
48
FinTrust Capital Advisors
South Carolina
$465K – – –
BB
49
Busey Bank
Illinois
$464K – – –
GLA
50
Good Life Advisors
Pennsylvania
$463K +$2.04K +85 +0.4%
1
2
3 4 5

BBN Hedge Fund Activity: Q4 2019 in Review

101 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2019, worth a combined $260M — up 5.8% from $246M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 7 closed out — a net gain of 5 holders — while 38 added to existing stakes and 22 trimmed.

The largest buyer was UBS Group, adding an estimated $4.32M. The largest seller was Ameriprise, cutting an estimated $5.04M.

  • 101 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2019, up from 98 in Q3 2019.
  • Funds reported $260M of BlackRock Taxable Municipal Bond Trust stock for Q4 2019, up 5.8% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2019 and 7 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2019 was UBS Group, an estimated $4.32M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2019 was Ameriprise, an estimated $5.04M sold.

Based on aggregated 13F filings for Q4 2019.