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BlackRock Taxable Municipal Bond Trust
BBN

117 hedge funds and large institutions have $383M invested in BlackRock Taxable Municipal Bond Trust in 2025 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 43 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

2% more funds holding

Funds holding: 115 → 117 (+2)

1.35% more ownership

Funds ownership: 37.14% → 38.49% (+1.4%)

0% more capital invested

Capital invested by funds: $383M → $383M (+$408K)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

33% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 43

Holders
117
Holders Change
+2
Holders Change %
+1.74%
% 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
12
Increased
29
Reduced
43
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$13M
2
RAM
Readystate Asset Management
Illinois
+$1.95M
3
Morgan Stanley
Morgan Stanley
New York
+$1.71M
4
1CP
1607 Capital Partners
Virginia
+$1.43M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$845K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$2.43M
2
Ameriprise
Ameriprise
Minnesota
-$1.58M
3
AF
Apexium Financial
Texas
-$840K
4
WS
Wedbush Securities
California
-$525K
5
Osaic Holdings
Osaic Holdings
Arizona
-$434K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Park Avenue Securities
New York
$1.84M -$51.1K -3,216 -3%
KeyBank National Association
27
KeyBank National Association
Ohio
$1.39M +$105K +6,617 +8%
Stifel Financial
28
Stifel Financial
Missouri
$1.27M -$28.9K -1,820 -2%
PWA
29
Primoris Wealth Advisors
Florida
$1.26M -$310K -19,500 -20%
AF
30
Apexium Financial
Texas
$1.22M -$840K -52,867 -41%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$1.11M +$63.6K +4,005 +6%
SAI
32
Savvy Advisors Inc
New York
$994K -$11.2K -707 -1%
FNBSF
33
First National Bank Sioux Falls
South Dakota
$942K – – –
OCM
34
Orleans Capital Management
Louisiana
$894K +$9.14K +575 +1%
AC
35
Addison Capital
Pennsylvania
$861K +$41.5K +2,611 +5%
KPWS
36
Kestra Private Wealth Services
Texas
$830K +$28.7K +1,809 +4%
Baird Financial Group
37
Baird Financial Group
Wisconsin
$830K +$9.28K +584 +1%
RP
38
Riverbridge Partners
Minnesota
$809K +$19.9K +1,252 +3%
Corient Private Wealth
39
Corient Private Wealth
Florida
$745K +$735K +46,261 New
NI
40
Natural Investments
California
$741K +$3.34K +210 +0.5%
WAM
41
Walker Asset Management
Missouri
$711K -$40K -2,516 -5%
GC
42
Guggenheim Capital
Illinois
$668K -$2.15K -135 -0.3%
AFS
43
Access Financial Services
Minnesota
$633K -$39K -2,456 -6%
WS
44
Wedbush Securities
California
$613K -$525K -33,009 -46%
NA
45
NewEdge Advisors
Louisiana
$609K +$54.4K +3,421 +10%
Allspring Global Investments
46
Allspring Global Investments
North Carolina
$606K – – –
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$585K -$78K -4,910 -12%
OIM
48
Oder Investment Management
California
$554K -$225K -14,152 -29%
GP
49
Gridiron Partners
Pennsylvania
$492K – – –
Cetera Investment Advisers
50
Cetera Investment Advisers
Illinois
$468K -$48 -3 -0%
1
2
3 4 5

BBN Hedge Fund Activity: Q2 2025 in Review

117 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2025, worth a combined $383M — up 0.11% from $383M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 8 closed out — a net gain of 4 holders — while 29 added to existing stakes and 43 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $13M. The largest seller was LPL Financial, cutting an estimated $2.43M.

  • 117 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2025, up from 115 in Q1 2025.
  • Funds reported $383M of BlackRock Taxable Municipal Bond Trust stock for Q2 2025, up 0.11% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2025 and 8 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2025 was Sit Investment Associates, an estimated $13M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2025 was LPL Financial, an estimated $2.43M sold.

Based on aggregated 13F filings for Q2 2025.