We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

74 hedge funds and large institutions have $158M invested in BlackRock Taxable Municipal Bond Trust in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 14

13% more capital invested

Capital invested by funds: $140M → $158M (+$18.1M)

0.91% more ownership

Funds ownership: 12.14% → 13.04% (+0.91%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 75 → 74 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
74
Holders Change
-1
Holders Change %
-1.33%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
32
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$3.03M
2
UBS Group
UBS Group
Switzerland
+$2.29M
3
OA
Oxbow Advisors
Texas
+$2.16M
4
SIA
Sit Investment Associates
Minnesota
+$2.03M
5
PPA
Parametric Portfolio Associates
Washington
+$1.88M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.75M
2
LCM
Laurion Capital Management
New York
-$1.75M
3
OHA
Oak Hill Advisors
New York
-$1.1M
4
GC
Guggenheim Capital
Illinois
-$733K
5
PP
Paloma Partners
Connecticut
-$687K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
51
First Allied Advisory Services
California
$222K +$102 +5 +0%
RJT
52
Raymond James Trust
Florida
$219K – – –
PP
53
Paloma Partners
Connecticut
$210K -$687K -33,543 -77%
CS
54
Credit Suisse
Switzerland
$210K – – –
VFS
55
VSR Financial Services
Kansas
$203K +$198K +9,667 New
Lazard Asset Management
56
Lazard Asset Management
New York
$195K – – –
US Bancorp
57
US Bancorp
Minnesota
$105K – – –
PG
58
Patten Group
Tennessee
$88.1K – – –
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$60K – – –
DADC
60
D.A. Davidson & Co
Montana
$41K -$41.1K -2,005 -50%
CB
61
Community Bank
New York
$31K – – –
DSC
62
Duncker Streett & Co
Missouri
$31K – – –
LTFS
63
Ladenburg Thalmann Financial Services
Florida
$26K -$20.5K -1,000 -44%
Creative Planning
64
Creative Planning
Kansas
$25K – – –
WTB
65
Washington Trust Bank
Washington
$23K +$6.66K +325 +43%
Fifth Third Bancorp
66
Fifth Third Bancorp
Ohio
$21K – – –
WT
67
Whittier Trust
California
$21K +$123 +6 +0.6%
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$20K +$184 +9 +0.9%
AC
69
Alexandria Capital
Virginia
$20K +$369 +18 +2%
BFEC
70
Benjamin F. Edwards & Company
Missouri
$20K +$9.73K +475 +95%
KM
71
Kalos Management
Georgia
$16K – – –
PCM
72
Penserra Capital Management
California
$14K +$13.5K +657 New
ClearBridge Investments
73
ClearBridge Investments
New York
$11K – – –
OFS
74
Orrstown Financial Services
Pennsylvania
$10K – – –
CHC
75
City Holding Co
West Virginia
$9K +$5.18K +253 +127%
1 2
3
4

BBN Hedge Fund Activity: Q4 2015 in Review

74 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2015, worth a combined $158M — up 13% from $140M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BBN and 9 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 32 added.

The largest buyer was LPL Financial, adding an estimated $3.03M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.75M sold.

  • 74 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2015, down from 75 in Q3 2015.
  • Funds reported $158M of BlackRock Taxable Municipal Bond Trust stock for Q4 2015, up 13% quarter-over-quarter.
  • 9 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2015 and 10 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2015 was LPL Financial, an estimated $3.03M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2015 was Rivernorth Capital Management, an estimated $2.75M sold.

Based on aggregated 13F filings for Q4 2015.