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BlackRock Taxable Municipal Bond Trust
BBN

114 hedge funds and large institutions have $300M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 26

31% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 13

4% more funds holding

Funds holding: 110 → 114 (+4)

0% more capital invested

Capital invested by funds: $299M → $300M (+$994K)

0.87% less ownership

Funds ownership: 21.15% → 20.27% (-0.87%)

Holders
114
Holders Change
+4
Holders Change %
+3.64%
% of All Funds
2.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
35
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HH
Hilltop Holdings
Texas
+$2.03M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.37M
3
IWM
IHT Wealth Management
Illinois
+$1.37M
4
SIC
Samalin Investment Counsel
New York
+$1.32M
5
Ameriprise
Ameriprise
Minnesota
+$1.18M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$16.8M
2
Stifel Financial
Stifel Financial
Missouri
-$2.01M
3
CA
Cetera Advisors
Colorado
-$1.63M
4
NL
NWAM LLC
Washington
-$1.61M
5
Morgan Stanley
Morgan Stanley
New York
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
26
Intellectus Partners
California
$1.91M +$219K +8,425 +13%
MMA
27
Miracle Mile Advisors
California
$1.67M -$125K -4,808 -7%
AFS
28
Access Financial Services
Minnesota
$1.62M -$199K -7,686 -11%
Stifel Financial
29
Stifel Financial
Missouri
$1.48M -$2.01M -77,351 -57%
IWM
30
IHT Wealth Management
Illinois
$1.37M +$1.37M +52,758 New
SIC
31
Samalin Investment Counsel
New York
$1.32M +$1.32M +50,936 New
MLL
32
Moody Lynn & Lieberson
Massachusetts
$1.31M – – –
MIC
33
Meridian Investment Counsel
California
$1.25M – – –
SCM
34
Schnieders Capital Management
California
$1.19M -$22K -850 -2%
ASN
35
Advisory Services Network
Georgia
$1.01M -$42.5K -1,638 -4%
M&T Bank
36
M&T Bank
New York
$995K -$18.9K -729 -2%
SWP
37
Stratos Wealth Partners
Ohio
$994K +$15.5K +597 +2%
SAM
38
Secure Asset Management
Michigan
$881K -$25.9K -1,000 -3%
LA
39
LexAurum Advisors
Kansas
$747K +$19.4K +749 +3%
CA
40
Cetera Advisors
Colorado
$730K -$1.63M -62,655 -69%
LWAC
41
Laurel Wealth Advisors (California)
California
$667K – – –
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$654K +$24.5K +944 +4%
FMTCOCP
43
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$648K – – –
PAG
44
Private Advisor Group
New Jersey
$622K -$1.28M -49,193 -67%
PMG
45
ProVise Management Group
Florida
$600K +$38.3K +1,475 +7%
BRC
46
Bell Rock Capital
Delaware
$534K +$2.49K +96 +0.5%
AIP
47
Ahrens Investment Partners
Louisiana
$529K +$529K +20,400 New
EM
48
ELCO Management
New York
$511K – – –
PAA
49
Peregrine Asset Advisers
Oregon
$501K +$986 +38 +0.2%
Fiera Capital (Canada)
50
Fiera Capital (Canada)
Quebec, Canada
$480K – – –
1
2
3 4 5

BBN Hedge Fund Activity: Q3 2020 in Review

114 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2020, worth a combined $300M — up 0.33% from $299M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBN positions and 13 closed out — a net gain of 4 holders — while 35 added to existing stakes and 26 trimmed.

The largest buyer was Hilltop Holdings, adding an estimated $2.03M. The largest seller was Sit Investment Associates, cutting an estimated $16.8M.

  • 114 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2020, up from 110 in Q2 2020.
  • Funds reported $300M of BlackRock Taxable Municipal Bond Trust stock for Q3 2020, up 0.33% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2020 and 13 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2020 was Hilltop Holdings, an estimated $2.03M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2020 was Sit Investment Associates, an estimated $16.8M sold.

Based on aggregated 13F filings for Q3 2020.