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BlackRock Taxable Municipal Bond Trust
BBN

144 hedge funds and large institutions have $404M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

256% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 9

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

29% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 34

17% more funds holding

Funds holding: 123 → 144 (+21)

6% more capital invested

Capital invested by funds: $380M → $404M (+$23.6M)

1.14% more ownership

Funds ownership: 25% → 26.14% (+1.1%)

Holders
144
Holders Change
+21
Holders Change %
+17.07%
% of All Funds
2.22%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
32
Increased
44
Reduced
34
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FNBSF
First National Bank Sioux Falls
South Dakota
+$2.43M
2
Citadel Advisors
Citadel Advisors
Florida
+$2.19M
3
LPL Financial
LPL Financial
California
+$1.46M
4
Morgan Stanley
Morgan Stanley
New York
+$1.13M
5
Wells Fargo
Wells Fargo
California
+$868K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$6.19M
2
RCA
Reitz Capital Advisors
Michigan
-$1.08M
3
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$1.06M
4
RJA
Raymond James & Associates
Florida
-$1.03M
5
TC
TownSquare Capital
Utah
-$937K
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$3.37M -$11.4K -442 -0.3%
RCA
27
Reitz Capital Advisors
Michigan
$2.76M -$1.08M -41,863 -28%
PAMP
28
Polar Asset Management Partners
Ontario, Canada
$2.6M – – –
GP
29
Geneva Partners
Wisconsin
$2.53M +$80K +3,098 +3%
FNBSF
30
First National Bank Sioux Falls
South Dakota
$2.46M +$2.43M +94,000 New
IP
31
Intellectus Partners
California
$2.45M -$315K -12,213 -12%
WS
32
Wedbush Securities
California
$2.27M +$54.3K +2,103 +2%
MMA
33
Miracle Mile Advisors
California
$2.25M +$65.3K +2,529 +3%
Citadel Advisors
34
Citadel Advisors
Florida
$2.22M +$2.19M +84,853 New
HWAM
35
Hennion & Walsh Asset Management
New Jersey
$2.15M -$51.9K -2,012 -2%
OIM
36
Oder Investment Management
California
$2.02M +$14.2K +549 +0.7%
WAM
37
Walker Asset Management
Missouri
$1.73M +$1.71M +66,136 New
Fiera Capital (Canada)
38
Fiera Capital (Canada)
Quebec, Canada
$1.71M +$43.4K +1,681 +3%
AWA
39
AmeriServ Wealth Advisors
Pennsylvania
$1.63M -$1.06M -41,137 -40%
SCM
40
Schnieders Capital Management
California
$1.51M -$43.9K -1,700 -3%
IWA
41
IBEX Wealth Advisors
New Jersey
$1.45M -$236K -9,133 -14%
GLA
42
Good Life Advisors
Pennsylvania
$1.42M +$9.21K +357 +0.7%
AFS
43
Access Financial Services
Minnesota
$1.4M -$6.04K -234 -0.4%
MLL
44
Moody Lynn & Lieberson
Massachusetts
$1.32M – – –
AUB
45
Atlantic Union Bankshares
Virginia
$1.3M -$13.4K -518 -1%
SWP
46
Stratos Wealth Partners
Ohio
$1.3M +$73.6K +2,853 +6%
Stifel Financial
47
Stifel Financial
Missouri
$1.29M +$604K +23,387 +90%
FWM
48
Focused Wealth Management
New York
$1.24M +$20.5K +795 +2%
MIC
49
Meridian Investment Counsel
California
$1.17M -$175K -6,800 -13%
AHIA
50
Andrew Hill Investment Advisors
Florida
$1.11M +$1.1M +42,449 New
1
2
3 4 5

BBN Hedge Fund Activity: Q4 2021 in Review

144 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2021, worth a combined $404M — up 6.2% from $380M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BBN positions and 9 closed out — a net gain of 23 holders — while 44 added to existing stakes and 34 trimmed.

The largest buyer was First National Bank Sioux Falls, opening a new position worth an estimated $2.43M. The largest seller was UBS Group, cutting an estimated $6.19M.

  • 144 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2021, up from 123 in Q3 2021.
  • Funds reported $404M of BlackRock Taxable Municipal Bond Trust stock for Q4 2021, up 6.2% quarter-over-quarter.
  • 32 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2021 and 9 closed out, a net change of +23 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2021 was First National Bank Sioux Falls, an estimated $2.43M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2021 was UBS Group, an estimated $6.19M sold.

Based on aggregated 13F filings for Q4 2021.