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BlackRock Taxable Municipal Bond Trust
BBN

123 hedge funds and large institutions have $339M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 39 increasing their positions, 38 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 10

7% more funds holding

Funds holding: 115 → 123 (+8)

3% more capital invested

Capital invested by funds: $330M → $339M (+$9.57M)

3% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 38

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.51% less ownership

Funds ownership: 34.07% → 33.56% (-0.51%)

Holders
123
Holders Change
+8
Holders Change %
+6.96%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
39
Reduced
38
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$4.06M
2
M&T Bank
M&T Bank
New York
+$3.47M
3
Morgan Stanley
Morgan Stanley
New York
+$3.42M
4
LPL Financial
LPL Financial
California
+$2.52M
5
SIA
Sit Investment Associates
Minnesota
+$2.12M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$13.1M
2
RVPG
Relative Value Partners Group
-$2.33M
3
HH
Hilltop Holdings
Texas
-$1.06M
4
BRWA
B. Riley Wealth Advisors
Florida
-$657K
5
Wells Fargo
Wells Fargo
California
-$583K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$1.38M +$146K +9,227 +12%
KeyBank National Association
27
KeyBank National Association
Ohio
$1.31M -$285K -18,000 -18%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$1.19M +$44.3K +2,792 +4%
1CP
29
1607 Capital Partners
Virginia
$1.14M +$1.11M +69,794 New
FNBSF
30
First National Bank Sioux Falls
South Dakota
$956K -$53.4K -3,366 -5%
FFA
31
Farther Finance Advisors
California
$944K +$3.3K +208 +0.4%
HNWAG
32
High Net Worth Advisory Group
Florida
$933K +$1.13K +71 +0.1%
OIM
33
Oder Investment Management
California
$923K -$138K -8,727 -13%
Stifel Financial
34
Stifel Financial
Missouri
$913K +$199K +12,566 +29%
JWCA
35
J.W. Cole Advisors
Florida
$902K +$22.7K +1,435 +3%
AFS
36
Access Financial Services
Minnesota
$857K -$20.1K -1,265 -2%
WAM
37
Walker Asset Management
Missouri
$836K -$63.4K -4,000 -7%
Baird Financial Group
38
Baird Financial Group
Wisconsin
$801K +$107K +6,719 +16%
RC
39
Rareview Capital
Nevada
$773K +$750K +47,299 New
KPWS
40
Kestra Private Wealth Services
Texas
$773K -$6.82K -430 -0.9%
H
41
HoyleCohen
California
$759K – – –
Corient Private Wealth
42
Corient Private Wealth
Florida
$758K +$1.77K +112 +0.2%
HH
43
Hilltop Holdings
Texas
$735K -$1.06M -66,844 -60%
PAG
44
Private Advisor Group
New Jersey
$723K -$34.5K -2,176 -5%
AAM
45
Aureus Asset Management
Massachusetts
$658K +$638K +40,241 New
FFA
46
First Foundation Advisors
California
$642K +$622K +39,242 New
MIC
47
Meridian Investment Counsel
California
$607K – – –
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$569K +$26.9K +1,696 +5%
RP
49
Riverbridge Partners
Minnesota
$557K +$225K +14,207 +72%
NA
50
NewEdge Advisors
Louisiana
$557K +$334K +21,043 +162%
1
2
3 4 5

BBN Hedge Fund Activity: Q2 2024 in Review

123 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2024, worth a combined $339M — up 2.9% from $330M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BBN positions and 10 closed out — a net gain of 11 holders — while 39 added to existing stakes and 38 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $4.06M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $13.1M sold.

  • 123 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2024, up from 115 in Q1 2024.
  • Funds reported $339M of BlackRock Taxable Municipal Bond Trust stock for Q2 2024, up 2.9% quarter-over-quarter.
  • 21 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2024 and 10 closed out, a net change of +11 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2024 was Envestnet Asset Management, an estimated $4.06M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2024 was Guggenheim Capital, an estimated $13.1M sold.

Based on aggregated 13F filings for Q2 2024.