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BlackRock Taxable Municipal Bond Trust
BBN

122 hedge funds and large institutions have $725M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 33 increasing their positions, 38 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

102% more capital invested

Capital invested by funds: $359M → $725M (+$366M)

3.65% more ownership

Funds ownership: 32.58% → 36.23% (+3.6%)

10% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 21

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less funds holding

Funds holding: 124 → 122 (-2)

13% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 38

Holders
122
Holders Change
-2
Holders Change %
-1.61%
% of All Funds
1.61%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
23
Increased
33
Reduced
38
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$18.6M
2
EBWM
Eagle Bluffs Wealth Management
Missouri
+$5.32M
3
SG
StoneX Group
New York
+$3.27M
4
Ameriprise
Ameriprise
Minnesota
+$3.24M
5
Invesco
Invesco
Georgia
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
-$4.84M
2
Morgan Stanley
Morgan Stanley
New York
-$1.51M
3
PA
PFG Advisors
Arizona
-$1.04M
4
HNWAG
High Net Worth Advisory Group
Florida
-$1.02M
5
Jane Street
Jane Street
New York
-$942K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Park Avenue Securities
New York
$1.95M +$138K +8,269 +7%
BEI
27
Benjamin Edwards Inc
Missouri
$1.77M +$170K +10,141 +10%
PWA
28
Primoris Wealth Advisors
Florida
$1.64M +$50.2K +3,000 +3%
JWCA
29
J.W. Cole Advisors
Florida
$1.57M +$69.9K +4,182 +4%
KeyBank National Association
30
KeyBank National Association
Ohio
$1.29M +$5.69K +340 +0.4%
AF
31
Apexium Financial
Texas
$1.21M +$1.25M +75,015 New
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$1.13M -$60.8K -3,633 -5%
WS
33
Wedbush Securities
California
$1.1M -$262K -15,670 -19%
Stifel Financial
34
Stifel Financial
Missouri
$1.05M +$152K +9,069 +16%
OCM
35
Orleans Capital Management
Louisiana
$1M -$70.6K -4,220 -7%
AC
36
Addison Capital
Pennsylvania
$952K -$435K -26,027 -31%
FNBSF
37
First National Bank Sioux Falls
South Dakota
$942K – – –
SAI
38
Savvy Advisors Inc
New York
$894K +$927K +55,463 New
OIM
39
Oder Investment Management
California
$874K +$11K +659 +1%
Baird Financial Group
40
Baird Financial Group
Wisconsin
$820K +$5.77K +345 +0.7%
WAM
41
Walker Asset Management
Missouri
$816K -$8.36K -500 -1%
KPWS
42
Kestra Private Wealth Services
Texas
$801K +$35.8K +2,140 +4%
NWMP
43
Noble Wealth Management PBC
Colorado
$782K +$811K +48,492 New
Focus Partners Wealth
44
Focus Partners Wealth
Massachusetts
$733K -$15.7K -936 -2%
RP
45
Riverbridge Partners
Minnesota
$697K +$151K +9,052 +26%
NI
46
Natural Investments
California
$689K +$715K +42,770 New
AFS
47
Access Financial Services
Minnesota
$686K -$14.2K -847 -2%
CJ
48
Caitlin John
Michigan
$620K +$131K +7,806 +25%
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$619K +$642K +38,399 New
Allspring Global Investments
50
Allspring Global Investments
North Carolina
$607K +$65.9K +3,941 +12%
1
2
3 4 5

BBN Hedge Fund Activity: Q4 2024 in Review

122 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2024, worth a combined $725M — up 102% from $359M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new BBN positions and 21 closed out — a net gain of 2 holders — while 33 added to existing stakes and 38 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $18.6M. The largest seller was HighTower Advisors, cutting an estimated $4.84M.

  • 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2024, down from 124 in Q3 2024.
  • Funds reported $725M of BlackRock Taxable Municipal Bond Trust stock for Q4 2024, up 102% quarter-over-quarter.
  • 23 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2024 and 21 closed out, a net change of +2 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2024 was Sit Investment Associates, an estimated $18.6M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2024 was HighTower Advisors, an estimated $4.84M sold.

Based on aggregated 13F filings for Q4 2024.