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BlackRock Taxable Municipal Bond Trust
BBN

121 hedge funds and large institutions have $293M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 39 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $272M → $293M (+$20.5M)

0.5% more ownership

Funds ownership: 27.38% → 27.88% (+0.5%)

3% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 39

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

2% less funds holding

Funds holding: 124 → 121 (-3)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
121
Holders Change
-3
Holders Change %
-2.42%
% of All Funds
1.93%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
38
Reduced
39
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BAAM
Baker Avenue Asset Management
California
+$4.47M
2
SIA
Sit Investment Associates
Minnesota
+$4.32M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$4.13M
4
HCM
Hudson Capital Management
New Jersey
+$3.87M
5
Morgan Stanley
Morgan Stanley
New York
+$2.92M

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$6.64M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.44M
3
WAM
Weiss Asset Management
Massachusetts
-$1.9M
4
UBS Group
UBS Group
Switzerland
-$1.83M
5
PAMP
Polar Asset Management Partners
Ontario, Canada
-$1.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
JFG
26
Jefferies Financial Group
New York
$2.12M – – –
KeyBank National Association
27
KeyBank National Association
Ohio
$1.97M +$177K +10,000 +10%
FNBSF
28
First National Bank Sioux Falls
South Dakota
$1.68M – – –
SCA
29
Snowden Capital Advisors
New York
$1.62M +$171K +9,673 +12%
OIM
30
Oder Investment Management
California
$1.58M +$36.5K +2,068 +2%
JWCA
31
J.W. Cole Advisors
Florida
$1.37M -$97.5K -5,519 -7%
AC
32
Addison Capital
Pennsylvania
$1.33M -$642K -36,350 -33%
GLA
33
Good Life Advisors
Pennsylvania
$1.17M -$93.8K -5,310 -8%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$1.15M -$5.12K -290 -0.4%
IP
35
Intellectus Partners
California
$1.13M +$97.3K +5,510 +10%
BFEC
36
Benjamin F. Edwards & Company
Missouri
$1.08M +$511K +28,926 +92%
WAM
37
Walker Asset Management
Missouri
$1.08M -$13.8K -780 -1%
BRWA
38
B. Riley Wealth Advisors
Florida
$1.06M +$71K +4,018 +7%
WS
39
Wedbush Securities
California
$1.04M -$469K -26,531 -31%
HNWAG
40
High Net Worth Advisory Group
Florida
$1M +$89K +5,041 +10%
AFS
41
Access Financial Services
Minnesota
$958K -$5.53K -313 -0.6%
MMA
42
Miracle Mile Advisors
California
$944K -$115K -6,506 -11%
USCWA
43
U.S. Capital Wealth Advisors
Texas
$908K +$341K +19,300 +62%
SCM
44
Schnieders Capital Management
California
$818K – – –
Janney Montgomery Scott
45
Janney Montgomery Scott
Pennsylvania
$793K -$947K -53,630 -55%
Corient Private Wealth
46
Corient Private Wealth
Florida
$757K +$33.9K +1,922 +5%
MIC
47
Meridian Investment Counsel
California
$740K – – –
SWP
48
Stratos Wealth Partners
Ohio
$708K -$174K -9,831 -20%
TC
49
TownSquare Capital
Utah
$706K -$163K -9,232 -19%
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$704K +$79.2K +4,487 +13%
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BBN Hedge Fund Activity: Q1 2023 in Review

121 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2023, worth a combined $293M — up 7.5% from $272M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BBN and 16 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 38 added.

The largest buyer was Baker Avenue Asset Management, adding an estimated $4.47M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $6.64M sold.

  • 121 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2023, down from 124 in Q4 2022.
  • Funds reported $293M of BlackRock Taxable Municipal Bond Trust stock for Q1 2023, up 7.5% quarter-over-quarter.
  • 16 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2023 and 17 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2023 was Baker Avenue Asset Management, an estimated $4.47M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2023 was Penserra Capital Management, an estimated $6.64M sold.

Based on aggregated 13F filings for Q1 2023.