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BlackRock Taxable Municipal Bond Trust
BBN

117 hedge funds and large institutions have $255M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 31

0.23% less ownership

Funds ownership: 26.65% → 26.42% (-0.23%)

11% less funds holding

Funds holding: 132 → 117 (-15)

15% less capital invested

Capital invested by funds: $302M → $255M (-$46.3M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

61% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 23

Holders
117
Holders Change
-15
Holders Change %
-11.36%
% of All Funds
2.02%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
9
Increased
36
Reduced
31
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$6.72M
2
Morgan Stanley
Morgan Stanley
New York
+$4.61M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$2.76M
4
HH
Hilltop Holdings
Texas
+$2.62M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$8.7M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$6.54M
3
GC
Guggenheim Capital
Illinois
-$6.46M
4
V
Veritable
Delaware
-$3.43M
5
UBS Group
UBS Group
Switzerland
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
JWCA
26
J.W. Cole Advisors
Florida
$1.75M +$266K +14,205 +15%
PAMP
27
Polar Asset Management Partners
Ontario, Canada
$1.63M – – –
RCA
28
Reitz Capital Advisors
Michigan
$1.56M -$1.23M -65,853 -41%
FNBSF
29
First National Bank Sioux Falls
South Dakota
$1.54M – – –
OIM
30
Oder Investment Management
California
$1.54M +$8.6K +459 +0.5%
Stifel Financial
31
Stifel Financial
Missouri
$1.52M -$92K -4,909 -5%
SCA
32
Snowden Capital Advisors
New York
$1.3M +$205K +10,938 +16%
GLA
33
Good Life Advisors
Pennsylvania
$1.19M +$95.5K +5,096 +8%
WS
34
Wedbush Securities
California
$1.11M -$124K -6,606 -9%
MMA
35
Miracle Mile Advisors
California
$1.07M -$24K -1,282 -2%
IP
36
Intellectus Partners
California
$1.07M -$71.9K -3,838 -6%
WAM
37
Walker Asset Management
Missouri
$1.05M +$18.7K +1,000 +2%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$1.04M +$156K +8,337 +15%
SW
39
SVB Wealth
Massachusetts
$1.01M +$967K +51,612 +512%
RCM
40
Rivernorth Capital Management
Florida
$1M +$1.14M +61,014 New
SWP
41
Stratos Wealth Partners
Ohio
$905K -$47K -2,511 -4%
AFS
42
Access Financial Services
Minnesota
$884K +$206 +11 +0%
KeyBank National Association
43
KeyBank National Association
Ohio
$822K +$937K +50,000 New
IWA
44
IBEX Wealth Advisors
New Jersey
$807K +$6.24K +333 +0.7%
SCM
45
Schnieders Capital Management
California
$769K -$288K -15,350 -25%
AUB
46
Atlantic Union Bankshares
Virginia
$760K -$26.7K -1,425 -3%
HNWAG
47
High Net Worth Advisory Group
Florida
$711K +$423K +22,600 +109%
MIC
48
Meridian Investment Counsel
California
$686K – – –
AHIA
49
Andrew Hill Investment Advisors
Florida
$685K – – –
CA
50
Cetera Advisors
Colorado
$678K +$317K +16,943 +70%
1
2
3 4 5

BBN Hedge Fund Activity: Q3 2022 in Review

117 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2022, worth a combined $255M — down 15% from $302M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BBN and 9 opened new positions — a net loss of 14 holders — while 31 trimmed existing stakes and 36 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $6.72M. The largest seller was Ameriprise, cutting an estimated $8.7M.

  • 117 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2022, down from 132 in Q2 2022.
  • Funds reported $255M of BlackRock Taxable Municipal Bond Trust stock for Q3 2022, down 15% quarter-over-quarter.
  • 9 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2022 and 23 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2022 was Penserra Capital Management, an estimated $6.72M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2022 was Ameriprise, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2022.