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BlackRock Taxable Municipal Bond Trust
BBN

110 hedge funds and large institutions have $299M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 26

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

26% more capital invested

Capital invested by funds: $238M → $299M (+$61.4M)

5% more funds holding

Funds holding: 105 → 110 (+5)

1.86% more ownership

Funds ownership: 19.29% → 21.15% (+1.9%)

Holders
110
Holders Change
+5
Holders Change %
+4.76%
% of All Funds
2.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
37
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$17.3M
2
JWCA
J.W. Cole Advisors
Florida
+$5.31M
3
Ameriprise
Ameriprise
Minnesota
+$4.12M
4
Morgan Stanley
Morgan Stanley
New York
+$3.23M
5
UBS Group
UBS Group
Switzerland
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$3.47M
2
HH
Hilltop Holdings
Texas
-$2.26M
3
CA
Cetera Advisors
Colorado
-$1.75M
4
PCIA
Prime Capital Investment Advisors
Kansas
-$1.61M
5
LCM
Landscape Capital Management
New Jersey
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
AFS
26
Access Financial Services
Minnesota
$1.75M +$3.37K +144 +0.2%
MMA
27
Miracle Mile Advisors
California
$1.73M +$422K +18,010 +35%
IP
28
Intellectus Partners
California
$1.63M -$20.4K -872 -1%
NL
29
NWAM LLC
Washington
$1.61M +$16K +683 +1%
MLL
30
Moody Lynn & Lieberson
Massachusetts
$1.26M -$111K -4,735 -9%
MIC
31
Meridian Investment Counsel
California
$1.2M – – –
SCM
32
Schnieders Capital Management
California
$1.17M +$42.2K +1,800 +4%
TA
33
TCG Advisors
Texas
$1.06M -$109K -4,667 -10%
Janney Montgomery Scott
34
Janney Montgomery Scott
Pennsylvania
$1.02M +$371K +15,836 +63%
ASN
35
Advisory Services Network
Georgia
$1.01M +$7.03K +300 +0.7%
M&T Bank
36
M&T Bank
New York
$975K -$76.8K -3,277 -8%
SWP
37
Stratos Wealth Partners
Ohio
$941K +$82.3K +3,511 +10%
SAM
38
Secure Asset Management
Michigan
$872K +$820K +34,996 New
LA
39
LexAurum Advisors
Kansas
$699K +$17.3K +740 +3%
HH
40
Hilltop Holdings
Texas
$654K -$2.26M -96,438 -79%
LWAC
41
Laurel Wealth Advisors (California)
California
$641K +$25.2K +1,075 +4%
FMTCOCP
42
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$623K – – –
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$606K -$11.3K -484 -2%
PMG
44
ProVise Management Group
Florida
$540K +$194K +8,266 +62%
FCA
45
FinTrust Capital Advisors
South Carolina
$539K -$83K -3,540 -14%
BRC
46
Bell Rock Capital
Delaware
$511K +$2.51K +107 +0.5%
EM
47
ELCO Management
New York
$491K – – –
GLA
48
Good Life Advisors
Pennsylvania
$485K +$2.93K +125 +0.6%
PAA
49
Peregrine Asset Advisers
Oregon
$481K +$961 +41 +0.2%
Fiera Capital (Canada)
50
Fiera Capital (Canada)
Quebec, Canada
$462K +$108K +4,592 +33%
1
2
3 4 5

BBN Hedge Fund Activity: Q2 2020 in Review

110 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2020, worth a combined $299M — up 26% from $238M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BBN positions and 13 closed out — a net gain of 5 holders — while 37 added to existing stakes and 26 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17.3M. The largest seller was Invesco, cutting an estimated $3.47M.

  • 110 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2020, up from 105 in Q1 2020.
  • Funds reported $299M of BlackRock Taxable Municipal Bond Trust stock for Q2 2020, up 26% quarter-over-quarter.
  • 18 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2020 and 13 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2020 was Sit Investment Associates, an estimated $17.3M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2020 was Invesco, an estimated $3.47M sold.

Based on aggregated 13F filings for Q2 2020.