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BlackRock Taxable Municipal Bond Trust
BBN

128 hedge funds and large institutions have $374M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 47 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 29

8% more capital invested

Capital invested by funds: $345M → $374M (+$29M)

0.11% more ownership

Funds ownership: 24.8% → 24.91% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less funds holding

Funds holding: 129 → 128 (-1)

7% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 15

Holders
128
Holders Change
-1
Holders Change %
-0.78%
% of All Funds
2.23%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
47
Reduced
29
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$3.74M
2
RCA
Reitz Capital Advisors
Michigan
+$2.68M
3
Invesco
Invesco
Georgia
+$2.38M
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$2.07M
5
LPL Financial
LPL Financial
California
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$3.77M
2
SB
Simmons Bank
Arkansas
-$2.5M
3
LGA
Lebenthal Global Advisors
New York
-$2.02M
4
FFA
First Foundation Advisors
California
-$883K
5
BRWA
B. Riley Wealth Advisors
Florida
-$848K
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
26
Intellectus Partners
California
$2.77M +$340K +13,587 +14%
RCA
27
Reitz Capital Advisors
Michigan
$2.76M +$2.68M +107,044 New
PAMP
28
Polar Asset Management Partners
Ontario, Canada
$2.56M – – –
FNBSF
29
First National Bank Sioux Falls
South Dakota
$2.42M +$1.06M +42,500 +83%
HWAM
30
Hennion & Walsh Asset Management
New Jersey
$2.17M -$13.6K -544 -0.6%
GP
31
Geneva Partners
Wisconsin
$2.04M -$83.8K -3,351 -4%
AWA
32
AmeriServ Wealth Advisors
Pennsylvania
$2.04M +$789K +31,560 +67%
MMA
33
Miracle Mile Advisors
California
$2.03M +$215K +8,604 +12%
OIM
34
Oder Investment Management
California
$1.9M +$35.5K +1,420 +2%
IWA
35
IBEX Wealth Advisors
New Jersey
$1.87M -$80K -3,198 -4%
WS
36
Wedbush Securities
California
$1.76M +$1.25M +50,014 +273%
KPW
37
Kore Private Wealth
New York
$1.75M -$408K -16,319 -19%
Fiera Capital (Canada)
38
Fiera Capital (Canada)
Quebec, Canada
$1.64M +$404K +16,165 +34%
AFS
39
Access Financial Services
Minnesota
$1.55M +$9.33K +373 +0.6%
SCM
40
Schnieders Capital Management
California
$1.55M – – –
MIC
41
Meridian Investment Counsel
California
$1.39M – – –
MLL
42
Moody Lynn & Lieberson
Massachusetts
$1.34M +$37.1K +1,482 +3%
AUB
43
Atlantic Union Bankshares
Virginia
$1.25M +$68K +2,720 +6%
SWP
44
Stratos Wealth Partners
Ohio
$1.22M -$76.5K -3,060 -6%
FWM
45
Focused Wealth Management
New York
$1.18M +$9.68K +387 +0.9%
Cambridge Investment Research Advisors
46
Cambridge Investment Research Advisors
Iowa
$1.12M +$689K +27,554 +174%
CAN
47
Cetera Advisor Networks
California
$1.1M +$1.07M +42,633 New
ASN
48
Advisory Services Network
Georgia
$1.09M +$75K +3,000 +8%
DA
49
DCM Advisors
New York
$1.03M +$45K +1,800 +5%
IWM
50
IHT Wealth Management
Illinois
$1.03M -$103K -4,109 -9%
1
2
3 4 5

BBN Hedge Fund Activity: Q2 2021 in Review

128 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2021, worth a combined $374M — up 8.4% from $345M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of BBN and 14 opened new positions — a net loss of 1 holder — while 29 trimmed existing stakes and 47 added.

The largest buyer was UBS Group, adding an estimated $3.74M. The largest seller was Northern Trust, cutting an estimated $3.77M.

  • 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2021, down from 129 in Q1 2021.
  • Funds reported $374M of BlackRock Taxable Municipal Bond Trust stock for Q2 2021, up 8.4% quarter-over-quarter.
  • 14 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2021 and 15 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2021 was UBS Group, an estimated $3.74M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2021 was Northern Trust, an estimated $3.77M sold.

Based on aggregated 13F filings for Q2 2021.