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BlackRock Taxable Municipal Bond Trust
BBN

84 hedge funds and large institutions have $186M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 17 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

112% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 17

8% more funds holding

Funds holding: 78 → 84 (+6)

6% more capital invested

Capital invested by funds: $176M → $186M (+$9.82M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.07% less ownership

Funds ownership: 13.4% → 13.33% (-0.07%)

Holders
84
Holders Change
+6
Holders Change %
+7.69%
% of All Funds
2.24%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
10
Increased
36
Reduced
17
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
+$1.75M
2
Wells Fargo
Wells Fargo
California
+$1.37M
3
Morgan Stanley
Morgan Stanley
New York
+$1.25M
4
JHIU
Janus Henderson Investors US
Colorado
+$957K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$946K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.63M
2
LPL Financial
LPL Financial
California
-$3.56M
3
Bank of America
Bank of America
North Carolina
-$2.27M
4
Invesco
Invesco
Georgia
-$951K
5
PAG
Private Advisor Group
New Jersey
-$780K
Name Holding Trade Value Shares
Change 		Change in
Stake
BB
51
Busey Bank
Illinois
$309K – – –
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$295K +$283K +12,108 New
SCM
53
Schnieders Capital Management
California
$284K +$38K +1,625 +16%
BTS
54
BB&T Securities
Virginia
$276K -$39.8K -1,700 -13%
CA
55
Cetera Advisors
Colorado
$269K +$49.8K +2,127 +24%
RJT
56
Raymond James Trust
Florida
$260K -$23.9K -1,022 -9%
FAAS
57
First Allied Advisory Services
California
$241K -$24.8K -1,060 -10%
VFS
58
VSR Financial Services
Kansas
$234K -$12K -514 -5%
Lazard Asset Management
59
Lazard Asset Management
New York
$226K – – –
NPC
60
National Planning Corporation
California
$225K +$218K +9,305 New
CIA
61
Capital Investment Advisors
Georgia
$207K +$199K +8,488 New
US Bancorp
62
US Bancorp
Minnesota
$195K +$70.2K +3,000 +60%
BKA
63
Brick & Kyle Associates
Pennsylvania
$171K +$58.5K +2,500 +56%
DADC
64
D.A. Davidson & Co
Montana
$141K +$3.04K +130 +2%
KLI
65
Kelman-Lazarov Inc
Tennessee
$135K – – –
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$120K +$54.5K +2,330 +90%
PG
67
Patten Group
Tennessee
$102K – – –
EWM
68
Evercore Wealth Management
New York
$98K – – –
Envestnet Asset Management
69
Envestnet Asset Management
Illinois
$95K +$959 +41 +1%
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$70K – – –
FNBT
71
FineMark National Bank & Trust
Florida
$70K +$67K +2,864 New
SIG
72
Stanford Investment Group
California
$52K – – –
CB
73
Community Bank
New York
$37K – – –
DSC
74
Duncker Streett & Co
Missouri
$37K – – –
Fifth Third Bancorp
75
Fifth Third Bancorp
Ohio
$32K -$6.69K -286 -18%
1 2
3
4

BBN Hedge Fund Activity: Q2 2016 in Review

84 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2016, worth a combined $186M — up 5.6% from $176M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new BBN positions and 4 closed out — a net gain of 6 holders — while 36 added to existing stakes and 17 trimmed.

The largest buyer was AmeriServ Wealth Advisors, adding an estimated $1.75M. The largest seller was Sit Investment Associates, cutting an estimated $4.63M.

  • 84 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2016, up from 78 in Q1 2016.
  • Funds reported $186M of BlackRock Taxable Municipal Bond Trust stock for Q2 2016, up 5.6% quarter-over-quarter.
  • 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2016 and 4 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2016 was AmeriServ Wealth Advisors, an estimated $1.75M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2016 was Sit Investment Associates, an estimated $4.63M sold.

Based on aggregated 13F filings for Q2 2016.