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BlackRock Taxable Municipal Bond Trust
BBN

74 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

32% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 19

9% more funds holding

Funds holding: 68 → 74 (+6)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.74% less ownership

Funds ownership: 12.64% → 11.9% (-0.74%)

9% less capital invested

Capital invested by funds: $159M → $145M (-$13.8M)

Holders
74
Holders Change
+6
Holders Change %
+8.82%
% of All Funds
2.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
25
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DA
Doliver Advisors
Texas
+$941K
2
AIM
Allen Investment Management
New York
+$537K
3
PPA
Parametric Portfolio Associates
Washington
+$524K
4
U
UBS
Switzerland
+$336K
5
IH
IFC Holdings
Florida
+$335K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.77M
2
Jane Street
Jane Street
New York
-$1.95M
3
GEM
Global Endowment Management
North Carolina
-$1.58M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$1.37M
5
Wells Fargo
Wells Fargo
California
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
51
Credit Suisse
Switzerland
$210K – – –
Lazard Asset Management
52
Lazard Asset Management
New York
$195K – – –
DADC
53
D.A. Davidson & Co
Montana
$161K -$4.63K -215 -3%
WEC
54
Winslow Evans & Crocker
Massachusetts
$118K +$17.2K +800 +17%
TRCT
55
Tower Research Capital (TRC)
New York
$99K +$51.6K +2,400 +104%
WAM
56
Wolverine Asset Management
Illinois
$63K +$65.1K +3,025 New
Northwestern Mutual Wealth Management
57
Northwestern Mutual Wealth Management
Wisconsin
$60K – – –
FFC
58
First Financial Corp
Indiana
$47K – – –
FHA
59
First Horizon Advisors
Tennessee
$47K +$5.44K +253 +13%
CFS
60
Community Financial System
New York
$32K – – –
DSC
61
Duncker Streett & Co
Missouri
$32K +$32.3K +1,500 New
NES
62
New England Securities
New York
$27K – – –
WTB
63
Washington Trust Bank
Washington
$22K +$3.98K +185 +21%
Fifth Third Bancorp
64
Fifth Third Bancorp
Ohio
$21K +$21.5K +1,000 New
Creative Planning
65
Creative Planning
Kansas
$19K -$21.5K -1,000 -53%
ClearBridge Investments
66
ClearBridge Investments
New York
$11K – – –
Barclays
67
Barclays
United Kingdom
$11K +$10.8K +500 New
MAM
68
Meeder Asset Management
Ohio
$10K – – –
MFS
69
MSI Financial Services
Massachusetts
$9K -$2.15K -100 -19%
US Bancorp
70
US Bancorp
Minnesota
$7K – – –
FMB
71
Field & Main Bank
Kentucky
$4K – – –
GSC
72
Ground Swell Capital
South Carolina
$3K +$3.36K +156 New
Envestnet Asset Management
73
Envestnet Asset Management
Illinois
$1K – – –
Jane Street
74
Jane Street
New York
– -$1.95M -90,024 Closed
GEM
75
Global Endowment Management
North Carolina
– -$1.58M -72,900 Closed
1 2
3
4

BBN Hedge Fund Activity: Q3 2014 in Review

74 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2014, worth a combined $145M — down 8.6% from $159M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 6 closed out — a net gain of 6 holders — while 25 added to existing stakes and 19 trimmed.

The largest buyer was Doliver Advisors, opening a new position worth an estimated $941K. The largest seller was Sit Investment Associates, cutting an estimated $3.77M.

  • 74 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2014, up from 68 in Q2 2014.
  • Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2014, down 8.6% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2014 and 6 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2014 was Doliver Advisors, an estimated $941K added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2014 was Sit Investment Associates, an estimated $3.77M sold.

Based on aggregated 13F filings for Q3 2014.