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BlackRock Taxable Municipal Bond Trust
BBN

93 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 24

3% more capital invested

Capital invested by funds: $142M → $145M (+$3.71M)

0.06% more ownership

Funds ownership: 10.81% → 10.87% (+0.06%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 97 → 93 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
93
Holders Change
-4
Holders Change %
-4.12%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
35
Reduced
24
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$3.07M
2
Morgan Stanley
Morgan Stanley
New York
+$2.26M
3
GFPC
Global Financial Private Capital
Florida
+$2.07M
4
ECM
Evergreen Capital Management
Washington
+$816K
5
William Blair & Company
William Blair & Company
Illinois
+$637K

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.37M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
Invesco
Invesco
Georgia
-$1.55M
4
SIA
Sit Investment Associates
Minnesota
-$1.47M
5
SG Americas Securities
SG Americas Securities
New York
-$634K
Name Holding Trade Value Shares
Change 		Change in
Stake
FIAS
51
FinTrust Investment Advisory Services
South Carolina
$353K +$354K +15,100 New
DADC
52
D.A. Davidson & Co
Montana
$329K +$90.6K +3,865 +38%
PMG
53
ProVise Management Group
Florida
$313K +$28.1K +1,200 +10%
GLA
54
Good Life Advisors
Pennsylvania
$309K -$53.9K -2,300 -15%
MML Investors Services
55
MML Investors Services
Massachusetts
$297K +$57.7K +2,461 +24%
NPC
56
National Planning Corporation
California
$295K – – –
YP
57
Yellowstone Partners
Idaho
$282K +$282K +12,047 New
RJT
58
Raymond James Trust
Florida
$273K – – –
CA
59
Cornerstone Advisory
Maryland
$272K – – –
BKA
60
Brick & Kyle Associates
Pennsylvania
$269K +$23.4K +1,000 +10%
QCMC
61
Quantum Capital Management (California)
California
$245K – – –
WS
62
Wedbush Securities
California
$241K +$13.9K +592 +6%
Janney Montgomery Scott
63
Janney Montgomery Scott
Pennsylvania
$240K +$32.1K +1,370 +15%
LTFS
64
Ladenburg Thalmann Financial Services
Florida
$233K +$9.85K +420 +4%
SFG
65
StrategIQ Financial Group
Indiana
$222K – – –
Lazard Asset Management
66
Lazard Asset Management
New York
$217K – – –
CIA
67
Capital Investment Advisors
Georgia
$205K – – –
AG
68
Advisor Group
Arizona
$201K +$633 +27 +0.3%
IA
69
IFP Advisors
Florida
$157K +$5.86K +250 +4%
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$129K +$656 +28 +0.5%
Cohen & Steers
71
Cohen & Steers
New York
$110K – – –
PG
72
Patten Group
Tennessee
$98K – – –
EWM
73
Evercore Wealth Management
New York
$93K – – –
SSB
74
Sandy Spring Bank
Maryland
$89K – – –
OSNBOA
75
Old Second National Bank of Aurora
Illinois
$75K – – –
1 2
3
4 5

BBN Hedge Fund Activity: Q3 2017 in Review

93 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2017, worth a combined $145M — up 2.6% from $142M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BBN and 8 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 35 added.

The largest buyer was Ameriprise, adding an estimated $3.07M. The largest seller was Bank of New York Mellon, cutting an estimated $2.37M.

  • 93 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2017, down from 97 in Q2 2017.
  • Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2017, up 2.6% quarter-over-quarter.
  • 8 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2017 and 12 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2017 was Ameriprise, an estimated $3.07M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2017 was Bank of New York Mellon, an estimated $2.37M sold.

Based on aggregated 13F filings for Q3 2017.