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BlackRock Taxable Municipal Bond Trust
BBN

128 hedge funds and large institutions have $332M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 44 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.63% less ownership

Funds ownership: 26.14% → 25.51% (-0.63%)

11% less funds holding

Funds holding: 144 → 128 (-16)

18% less capital invested

Capital invested by funds: $404M → $332M (-$72.1M)

23% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 44

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

48% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 29

Holders
128
Holders Change
-16
Holders Change %
-11.11%
% of All Funds
2.02%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
15
Increased
34
Reduced
44
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$8.08M
2
Ameriprise
Ameriprise
Minnesota
+$6.7M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$3.94M
4
FWM
Fortress Wealth Management
California
+$3.8M
5
Wells Fargo
Wells Fargo
California
+$3.66M

Top Sellers

Rank Fund Capital Flow
1
TC
TownSquare Capital
Utah
-$9.56M
2
PCM
Penserra Capital Management
California
-$4.67M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$4.44M
4
JG
Jefferies Group
New York
-$4.35M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$4.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FNBSF
26
First National Bank Sioux Falls
South Dakota
$2.07M – – –
OIM
27
Oder Investment Management
California
$1.94M +$255K +11,070 +14%
Fiera Capital (Canada)
28
Fiera Capital (Canada)
Quebec, Canada
$1.93M +$515K +22,335 +34%
IP
29
Intellectus Partners
California
$1.91M -$147K -6,379 -7%
WS
30
Wedbush Securities
California
$1.85M -$58.9K -2,557 -3%
MMA
31
Miracle Mile Advisors
California
$1.75M -$147K -6,390 -7%
TC
32
TownSquare Capital
Utah
$1.52M -$9.56M -415,147 -86%
SCA
33
Snowden Capital Advisors
New York
$1.51M +$1.5M +65,188 +1,912%
WAM
34
Walker Asset Management
Missouri
$1.46M – – –
SCM
35
Schnieders Capital Management
California
$1.38M +$121K +5,250 +9%
BRWA
36
B. Riley Wealth Advisors
Florida
$1.29M -$2.25M -97,822 -62%
GLA
37
Good Life Advisors
Pennsylvania
$1.26M +$70.8K +3,075 +6%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$1.21M +$469K +20,360 +59%
FWM
39
Focused Wealth Management
New York
$1.2M +$163K +7,087 +15%
AFS
40
Access Financial Services
Minnesota
$1.18M +$6.93K +301 +0.6%
MLL
41
Moody Lynn & Lieberson
Massachusetts
$1.11M – – –
IWA
42
IBEX Wealth Advisors
New Jersey
$1.11M -$115K -4,994 -9%
AUB
43
Atlantic Union Bankshares
Virginia
$1.09M -$4.61K -200 -0.4%
SWP
44
Stratos Wealth Partners
Ohio
$1.06M -$29.8K -1,292 -3%
Stifel Financial
45
Stifel Financial
Missouri
$1.04M -$49K -2,128 -4%
MIC
46
Meridian Investment Counsel
California
$959K -$23K -1,000 -2%
HWAM
47
Hennion & Walsh Asset Management
New Jersey
$957K -$894K -38,791 -47%
CC
48
Commons Capital
Massachusetts
$933K +$18.8K +816 +2%
AHIA
49
Andrew Hill Investment Advisors
Florida
$924K -$10.5K -456 -1%
PAG
50
Private Advisor Group
New Jersey
$857K +$10.4K +453 +1%
1
2
3 4 5

BBN Hedge Fund Activity: Q1 2022 in Review

128 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2022, worth a combined $332M — down 18% from $404M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of BBN and 15 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 34 added.

The largest buyer was Guggenheim Capital, adding an estimated $8.08M. The largest seller was TownSquare Capital, cutting an estimated $9.56M.

  • 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2022, down from 144 in Q4 2021.
  • Funds reported $332M of BlackRock Taxable Municipal Bond Trust stock for Q1 2022, down 18% quarter-over-quarter.
  • 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2022 and 29 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2022 was Guggenheim Capital, an estimated $8.08M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2022 was TownSquare Capital, an estimated $9.56M sold.

Based on aggregated 13F filings for Q1 2022.