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BlackRock Taxable Municipal Bond Trust
BBN

105 hedge funds and large institutions have $176M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 10

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

22% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 27

21% more capital invested

Capital invested by funds: $145M → $176M (+$30.2M)

13% more funds holding

Funds holding: 93 → 105 (+12)

2.4% more ownership

Funds ownership: 10.87% → 13.27% (+2.4%)

Holders
105
Holders Change
+12
Holders Change %
+12.9%
% of All Funds
2.38%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
22
Increased
33
Reduced
27
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$1.43M
2
UBS Group
UBS Group
Switzerland
+$1.18M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.06M
4
Morgan Stanley
Morgan Stanley
New York
+$760K
5
Squarepoint
Squarepoint
New York
+$371K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$839K
2
CI
Conning Inc
Connecticut
-$797K
3
William Blair & Company
William Blair & Company
Illinois
-$635K
4
PAG
Private Advisor Group
New Jersey
-$470K
5
SPC
Sigma Planning Corp
Michigan
-$469K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
51
Cambridge Investment Research Advisors
Iowa
$364K -$122K -5,267 -25%
PMG
52
ProVise Management Group
Florida
$341K +$29.3K +1,263 +9%
GLA
53
Good Life Advisors
Pennsylvania
$341K +$36K +1,550 +12%
FIAS
54
FinTrust Investment Advisory Services
South Carolina
$315K -$34.8K -1,500 -10%
NWS
55
Newport Wealth Strategies
California
$315K +$331K +14,260 New
SP
56
Successful Portfolios
Florida
$303K +$303K +13,050 New
TCOT
57
Trust Company of Toledo
Ohio
$278K +$278K +11,976 New
CA
58
Cornerstone Advisory
Maryland
$270K – – –
BKA
59
Brick & Kyle Associates
Pennsylvania
$267K – – –
CIBC World Market
60
CIBC World Market
Ontario, Canada
$263K +$264K +11,350 New
LCM
61
Laurion Capital Management
New York
$257K +$257K +11,081 New
WAM
62
Weiss Asset Management
Massachusetts
$253K +$253K +10,910 New
QCMC
63
Quantum Capital Management (California)
California
$240K -$3.97K -171 -2%
WS
64
Wedbush Securities
California
$240K +$1.72K +74 +0.7%
Janney Montgomery Scott
65
Janney Montgomery Scott
Pennsylvania
$239K +$1.42K +61 +0.6%
AG
66
Advisor Group
Arizona
$239K +$39.3K +1,691 +20%
RJT
67
Raymond James Trust
Florida
$229K -$42K -1,809 -16%
PAG
68
Private Advisor Group
New Jersey
$221K -$470K -20,235 -68%
Lazard Asset Management
69
Lazard Asset Management
New York
$215K – – –
CIA
70
Capital Investment Advisors
Georgia
$203K – – –
Cetera Investment Advisers
71
Cetera Investment Advisers
Illinois
$203K +$204K +8,768 New
LTFS
72
Ladenburg Thalmann Financial Services
Florida
$202K -$30K -1,290 -13%
SWM
73
SeaCrest Wealth Management
New York
$166K +$166K +7,163 New
SSB
74
Sandy Spring Bank
Maryland
$159K +$69.7K +3,000 +78%
AWM
75
Aevitas Wealth Management
Massachusetts
$150K +$150K +6,454 New
1 2
3
4 5

BBN Hedge Fund Activity: Q4 2017 in Review

105 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2017, worth a combined $176M — up 21% from $145M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 10 closed out — a net gain of 12 holders — while 33 added to existing stakes and 27 trimmed.

The largest buyer was Invesco, adding an estimated $1.43M. The largest seller was Sit Investment Associates, cutting an estimated $839K.

  • 105 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2017, up from 93 in Q3 2017.
  • Funds reported $176M of BlackRock Taxable Municipal Bond Trust stock for Q4 2017, up 21% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2017 and 10 closed out, a net change of +12 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2017 was Invesco, an estimated $1.43M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2017 was Sit Investment Associates, an estimated $839K sold.

Based on aggregated 13F filings for Q4 2017.