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BlackRock Taxable Municipal Bond Trust
BBN

129 hedge funds and large institutions have $345M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 44 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

1.57% more ownership

Funds ownership: 23.23% → 24.8% (+1.6%)

2% less capital invested

Capital invested by funds: $353M → $345M (-$8.21M)

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

2% less funds holding

Funds holding: 131 → 129 (-2)

25% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 44

Holders
129
Holders Change
-2
Holders Change %
-1.53%
% of All Funds
2.26%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
12
Increased
33
Reduced
44
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$13.8M
2
V
Veritable
Delaware
+$7.01M
3
UBS Group
UBS Group
Switzerland
+$6.44M
4
BRWA
B. Riley Wealth Advisors
Florida
+$4.81M
5
TC
TownSquare Capital
Utah
+$3.47M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$6.46M
2
Ameriprise
Ameriprise
Minnesota
-$5.16M
3
SB
Simmons Bank
Arkansas
-$4.43M
4
LGA
Lebenthal Global Advisors
New York
-$2.2M
5
Bank of America
Bank of America
North Carolina
-$1.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
26
Polar Asset Management Partners
Ontario, Canada
$2.45M – – –
IP
27
Intellectus Partners
California
$2.32M +$327K +12,850 +16%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$2.22M -$434K -17,066 -16%
HWAM
29
Hennion & Walsh Asset Management
New Jersey
$2.09M +$2.16M +84,862 New
KPW
30
Kore Private Wealth
New York
$2.08M -$271K -10,658 -11%
GP
31
Geneva Partners
Wisconsin
$2.03M +$1.24M +48,709 +144%
IWA
32
IBEX Wealth Advisors
New Jersey
$1.86M -$23.2K -911 -1%
OIM
33
Oder Investment Management
California
$1.78M +$12.6K +494 +0.7%
MMA
34
Miracle Mile Advisors
California
$1.73M +$32.1K +1,261 +2%
SCM
35
Schnieders Capital Management
California
$1.48M +$68.1K +2,675 +5%
AFS
36
Access Financial Services
Minnesota
$1.47M +$31.4K +1,235 +2%
MIC
37
Meridian Investment Counsel
California
$1.33M +$148K +5,800 +12%
FNBSF
38
First National Bank Sioux Falls
South Dakota
$1.27M +$1.31M +51,500 New
MLL
39
Moody Lynn & Lieberson
Massachusetts
$1.25M – – –
SWP
40
Stratos Wealth Partners
Ohio
$1.24M +$274K +10,777 +27%
Fiera Capital (Canada)
41
Fiera Capital (Canada)
Quebec, Canada
$1.17M +$889K +34,931 +278%
AWA
42
AmeriServ Wealth Advisors
Pennsylvania
$1.17M -$87.8K -3,448 -7%
AUB
43
Atlantic Union Bankshares
Virginia
$1.13M +$962K +37,812 +468%
FWM
44
Focused Wealth Management
New York
$1.12M +$1.16M +45,441 New
IWM
45
IHT Wealth Management
Illinois
$1.08M -$174K -6,839 -13%
ASN
46
Advisory Services Network
Georgia
$968K +$10.2K +400 +1%
DA
47
DCM Advisors
New York
$940K -$33.1K -1,300 -3%
GLA
48
Good Life Advisors
Pennsylvania
$872K +$29.4K +1,156 +3%
LA
49
LexAurum Advisors
Kansas
$740K -$585 -23 -0.1%
SIC
50
Samalin Investment Counsel
New York
$700K -$509K -19,984 -41%
1
2
3 4 5

BBN Hedge Fund Activity: Q1 2021 in Review

129 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2021, worth a combined $345M — down 2.3% from $353M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BBN and 12 opened new positions — a net loss of 1 holder — while 44 trimmed existing stakes and 33 added.

The largest buyer was PNC Financial Services Group, adding an estimated $13.8M. The largest seller was Morgan Stanley, cutting an estimated $6.46M.

  • 129 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2021, down from 131 in Q4 2020.
  • Funds reported $345M of BlackRock Taxable Municipal Bond Trust stock for Q1 2021, down 2.3% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2021 and 13 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2021 was PNC Financial Services Group, an estimated $13.8M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2021 was Morgan Stanley, an estimated $6.46M sold.

Based on aggregated 13F filings for Q1 2021.