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BlackRock Taxable Municipal Bond Trust
BBN

124 hedge funds and large institutions have $272M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 42 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

7% more capital invested

Capital invested by funds: $255M → $272M (+$17M)

6% more funds holding

Funds holding: 117 → 124 (+7)

0.96% more ownership

Funds ownership: 26.42% → 27.38% (+0.96%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

19% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 42

Holders
124
Holders Change
+7
Holders Change %
+5.98%
% of All Funds
1.99%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
22
Increased
34
Reduced
42
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$8.05M
2
Morgan Stanley
Morgan Stanley
New York
+$4.5M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.73M
4
JFG
Jefferies Financial Group
New York
+$2.04M
5
HH
Hilltop Holdings
Texas
+$1.99M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$6.16M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$2.57M
3
RCM
Rivernorth Capital Management
Florida
-$1M
4
SW
SVB Wealth
Massachusetts
-$759K
5
Bank of America
Bank of America
North Carolina
-$745K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Weiss Asset Management
Massachusetts
$1.9M +$1.95M +113,050 New
AC
27
Addison Capital
Pennsylvania
$1.86M -$195K -11,325 -9%
KeyBank National Association
28
KeyBank National Association
Ohio
$1.68M +$863K +50,000 +100%
PAMP
29
Polar Asset Management Partners
Ontario, Canada
$1.67M – – –
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$1.65M -$2.57M -149,213 -60%
FNBSF
31
First National Bank Sioux Falls
South Dakota
$1.58M – – –
OIM
32
Oder Investment Management
California
$1.45M -$126K -7,321 -8%
WS
33
Wedbush Securities
California
$1.42M +$289K +16,741 +25%
JWCA
34
J.W. Cole Advisors
Florida
$1.38M -$426K -24,703 -23%
SCA
35
Snowden Capital Advisors
New York
$1.36M +$18.9K +1,097 +1%
Stifel Financial
36
Stifel Financial
Missouri
$1.35M -$208K -12,077 -13%
GLA
37
Good Life Advisors
Pennsylvania
$1.19M -$33.5K -1,940 -3%
RCA
38
Reitz Capital Advisors
Michigan
$1.11M -$503K -29,136 -31%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$1.09M +$20.9K +1,213 +2%
WAM
40
Walker Asset Management
Missouri
$1.02M -$57.5K -3,330 -5%
MMA
41
Miracle Mile Advisors
California
$997K -$107K -6,200 -9%
IP
42
Intellectus Partners
California
$966K -$135K -7,844 -12%
BRWA
43
B. Riley Wealth Advisors
Florida
$926K +$949K +54,983 New
AFS
44
Access Financial Services
Minnesota
$906K +$259 +15 +0%
HNWAG
45
High Net Worth Advisory Group
Florida
$856K +$130K +7,547 +17%
SWP
46
Stratos Wealth Partners
Ohio
$831K -$98.9K -5,731 -10%
TC
47
TownSquare Capital
Utah
$819K +$129K +7,457 +18%
SCM
48
Schnieders Capital Management
California
$769K -$19.4K -1,125 -2%
IWA
49
IBEX Wealth Advisors
New Jersey
$716K -$114K -6,592 -13%
MIC
50
Meridian Investment Counsel
California
$695K -$7.77K -450 -1%
1
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BBN Hedge Fund Activity: Q4 2022 in Review

124 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2022, worth a combined $272M — up 6.6% from $255M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 11 closed out — a net gain of 11 holders — while 34 added to existing stakes and 42 trimmed.

The largest buyer was Wells Fargo, adding an estimated $8.05M. The largest seller was Guggenheim Capital, cutting an estimated $6.16M.

  • 124 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2022, up from 117 in Q3 2022.
  • Funds reported $272M of BlackRock Taxable Municipal Bond Trust stock for Q4 2022, up 6.6% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2022 and 11 closed out, a net change of +11 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2022 was Wells Fargo, an estimated $8.05M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2022 was Guggenheim Capital, an estimated $6.16M sold.

Based on aggregated 13F filings for Q4 2022.