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BlackRock Taxable Municipal Bond Trust

115 hedge funds and large institutions have $383M invested in BlackRock Taxable Municipal Bond Trust in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 41 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.91% more ownership

Funds ownership: 36.23%37.14% (+0.91%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

6% less funds holding

Funds holding: 122115 (-7)

20% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 41

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

47% less capital invested

Capital invested by funds: $725M → $383M (-$342M)

Holders
115
Holders Change
-7
Holders Change %
-5.74%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
8
Increased
33
Reduced
41
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BEI
26
Benjamin Edwards Inc
Missouri
$1.82M -$16.9K -1,023 -0.9%
PWA
27
Primoris Wealth Advisors
Florida
$1.63M -$66.3K -4,017 -4%
Stifel Financial
28
Stifel Financial
Missouri
$1.34M +$260K +15,734 +24%
KeyBank National Association
29
KeyBank National Association
Ohio
$1.33M
WS
30
Wedbush Securities
California
$1.19M +$44.5K +2,699 +4%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$1.08M -$85.2K -5,160 -7%
SAI
32
Savvy Advisors Inc
New York
$1.04M +$114K +6,927 +12%
FNBSF
33
First National Bank Sioux Falls
South Dakota
$975K
OCM
34
Orleans Capital Management
Louisiana
$916K -$82.5K -5,000 -8%
Baird Financial Group
35
Baird Financial Group
Wisconsin
$849K +$891 +54 +0.1%
AC
36
Addison Capital
Pennsylvania
$848K -$135K -8,202 -14%
NWMP
37
Noble Wealth Management PBC
Colorado
$842K +$33K +2,000 +4%
KPWS
38
Kestra Private Wealth Services
Texas
$829K +$528 +32 +0.1%
RP
39
Riverbridge Partners
Minnesota
$816K +$94.1K +5,699 +13%
OIM
40
Oder Investment Management
California
$810K -$93.6K -5,672 -10%
TW
41
Transform Wealth
Colorado
$789K +$205K +12,416 +36%
WAM
42
Walker Asset Management
Missouri
$778K -$66K -4,000 -8%
NI
43
Natural Investments
California
$764K +$50.2K +3,042 +7%
AFS
44
Access Financial Services
Minnesota
$697K -$12.8K -774 -2%
GC
45
Guggenheim Capital
Illinois
$694K +$173K +10,492 +34%
Janney Montgomery Scott
46
Janney Montgomery Scott
Pennsylvania
$687K +$65.7K +3,981 +11%
CJ
47
Caitlin John
Michigan
$662K +$20.6K +1,247 +3%
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$632K -$8.57K -519 -1%
Allspring Global Investments
49
Allspring Global Investments
North Carolina
$628K
NA
50
NewEdge Advisors
Louisiana
$573K -$36.1K -2,189 -6%

BBN Hedge Fund Activity: Q1 2025 in Review

115 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2025, worth a combined $383M — down 47% from $725M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BBN and 8 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 33 added.

The largest buyer was Sit Investment Associates, adding an estimated $13M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $3.52M sold.

  • 115 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2025, down from 122 in Q4 2024.
  • Funds reported $383M of BlackRock Taxable Municipal Bond Trust stock for Q1 2025, down 47% quarter-over-quarter.
  • 8 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2025 and 14 closed out, a net change of -6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2025 was Sit Investment Associates, an estimated $13M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2025 was Nine Masts Capital, an estimated $3.52M sold.

Based on aggregated 13F filings for Q1 2025.