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BlackRock Taxable Municipal Bond Trust
BBN

87 hedge funds and large institutions have $163M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 19 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 19

2% more capital invested

Capital invested by funds: $159M → $163M (+$3.71M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.15% less ownership

Funds ownership: 12.88% → 12.73% (-0.15%)

5% less funds holding

Funds holding: 92 → 87 (-5)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

Holders
87
Holders Change
-5
Holders Change %
-5.43%
% of All Funds
2.17%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
10
Increased
35
Reduced
19
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$7.51M
2
Wells Fargo
Wells Fargo
California
+$1.38M
3
HH
Hilltop Holdings
Texas
+$1.12M
4
Stifel Financial
Stifel Financial
Missouri
+$785K
5
Invesco
Invesco
Georgia
+$781K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$9.73M
2
OA
Oxbow Advisors
Texas
-$1.78M
3
SG Americas Securities
SG Americas Securities
New York
-$1.11M
4
DA
Doliver Advisors
Texas
-$1.05M
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$648K
Name Holding Trade Value Shares
Change 		Change in
Stake
NPC
51
National Planning Corporation
California
$283K – – –
PMG
52
ProVise Management Group
Florida
$280K +$33.1K +1,496 +14%
RJT
53
Raymond James Trust
Florida
$262K -$2.21K -100 -0.8%
DADC
54
D.A. Davidson & Co
Montana
$259K +$74.8K +3,383 +41%
DA
55
Doliver Advisors
Texas
$237K -$1.05M -47,603 -82%
QCMC
56
Quantum Capital Management (California)
California
$235K – – –
OC
57
Oppenheimer & Co
New York
$214K +$1.46K +66 +0.7%
BKA
58
Brick & Kyle Associates
Pennsylvania
$213K – – –
BIM
59
Baldwin Investment Management
Pennsylvania
$212K -$61.9K -2,800 -23%
Lazard Asset Management
60
Lazard Asset Management
New York
$208K – – –
MML Investors Services
61
MML Investors Services
Massachusetts
$208K +$205K +9,279 New
AG
62
Advisor Group
Arizona
$180K +$2.83K +128 +2%
IA
63
IFP Advisors
Florida
$164K -$15.3K -694 -9%
Northwestern Mutual Wealth Management
64
Northwestern Mutual Wealth Management
Wisconsin
$131K +$13.9K +627 +12%
Cohen & Steers
65
Cohen & Steers
New York
$105K – – –
PG
66
Patten Group
Tennessee
$95K – – –
EWM
67
Evercore Wealth Management
New York
$90K – – –
SSB
68
Sandy Spring Bank
Maryland
$86K +$487 +22 +0.6%
Creative Planning
69
Creative Planning
Kansas
$76K +$17.2K +776 +29%
AA
70
Apriem Advisors
California
$63K – – –
SPIA
71
Steward Partners Investment Advisory
New York
$55K – – –
AIM
72
Advantage Investment Management
Iowa
$55K +$54.1K +2,444 New
SQA
73
Simon Quick Advisors
New Jersey
$44K +$43.2K +1,955 New
DSC
74
Duncker Streett & Co
Missouri
$34K – – –
FPS
75
Fieldpoint Private Securities
Connecticut
$29K +$28.8K +1,300 New
1 2
3
4 5

BBN Hedge Fund Activity: Q1 2017 in Review

87 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2017, worth a combined $163M — up 2.3% from $159M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BBN and 10 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 35 added.

The largest buyer was Ameriprise, opening a new position worth an estimated $7.51M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $9.73M.

  • 87 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2017, down from 92 in Q4 2016.
  • Funds reported $163M of BlackRock Taxable Municipal Bond Trust stock for Q1 2017, up 2.3% quarter-over-quarter.
  • 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2017 and 14 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2017 was Ameriprise, an estimated $7.51M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2017 was AmeriServ Wealth Advisors, an estimated $9.73M sold.

Based on aggregated 13F filings for Q1 2017.