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BlackRock Taxable Municipal Bond Trust
BBN

92 hedge funds and large institutions have $165M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.49% less ownership

Funds ownership: 13.27% → 12.78% (-0.49%)

6% less capital invested

Capital invested by funds: $176M → $165M (-$11.1M)

12% less funds holding

Funds holding: 105 → 92 (-13)

65% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 20

Holders
92
Holders Change
-13
Holders Change %
-12.38%
% of All Funds
2.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
41
Reduced
18
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$7.68M
2
CA
Cornerstone Advisory
Maryland
+$5.86M
3
LPL Financial
LPL Financial
California
+$1.4M
4
UBS Group
UBS Group
Switzerland
+$924K
5
Invesco
Invesco
Georgia
+$451K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$13.5M
2
Ameriprise
Ameriprise
Minnesota
-$2.83M
3
Morgan Stanley
Morgan Stanley
New York
-$1.47M
4
SIA
Sit Investment Associates
Minnesota
-$1.21M
5
Wells Fargo
Wells Fargo
California
-$874K
Name Holding Trade Value Shares
Change 		Change in
Stake
SP
51
Successful Portfolios
Florida
$283K -$11.1K -500 -4%
CIBC World Market
52
CIBC World Market
Ontario, Canada
$278K +$22.3K +1,000 +9%
TCOT
53
Trust Company of Toledo
Ohio
$270K – – –
BKA
54
Brick & Kyle Associates
Pennsylvania
$259K – – –
Janney Montgomery Scott
55
Janney Montgomery Scott
Pennsylvania
$234K +$1.45K +65 +0.6%
QCMC
56
Quantum Capital Management (California)
California
$233K – – –
RJT
57
Raymond James Trust
Florida
$223K – – –
AG
58
Advisor Group
Arizona
$213K -$18.7K -840 -8%
Lazard Asset Management
59
Lazard Asset Management
New York
$209K – – –
Bank of New York Mellon
60
Bank of New York Mellon
New York
$203K -$223K -10,033 -53%
AA
61
AQR Arbitrage
Connecticut
$203K +$201K +9,013 New
WS
62
Wedbush Securities
California
$202K -$31.7K -1,422 -14%
LTFS
63
Ladenburg Thalmann Financial Services
Florida
$201K +$4.41K +198 +2%
Northwestern Mutual Wealth Management
64
Northwestern Mutual Wealth Management
Wisconsin
$172K +$53.8K +2,416 +46%
SWM
65
SeaCrest Wealth Management
New York
$162K +$401 +18 +0.3%
SSB
66
Sandy Spring Bank
Maryland
$154K – – –
AWM
67
Aevitas Wealth Management
Massachusetts
$148K +$2.54K +114 +2%
Cohen & Steers
68
Cohen & Steers
New York
$131K +$24.6K +1,107 +24%
IA
69
IFP Advisors
Florida
$128K – – –
MOS
70
MGO One Seven
Ohio
$101K – – –
PG
71
Patten Group
Tennessee
$95K – – –
BFC
72
Bedel Financial Consulting
Indiana
$90K +$89K +4,000 New
RCC
73
Red Cedar Capital
Nebraska
$86K +$111 +5 +0.1%
AIM
74
Advantage Investment Management
Iowa
$77K +$1.29K +58 +2%
OSNBOA
75
Old Second National Bank of Aurora
Illinois
$73K – – –
1 2
3
4 5

BBN Hedge Fund Activity: Q1 2018 in Review

92 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2018, worth a combined $165M — down 6.3% from $176M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of BBN and 7 opened new positions — a net loss of 13 holders — while 18 trimmed existing stakes and 41 added.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $7.68M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $13.5M.

  • 92 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2018, down from 105 in Q4 2017.
  • Funds reported $165M of BlackRock Taxable Municipal Bond Trust stock for Q1 2018, down 6.3% quarter-over-quarter.
  • 7 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2018 and 20 closed out, a net change of -13 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2018 was Goldman Sachs, an estimated $7.68M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2018 was AmeriServ Wealth Advisors, an estimated $13.5M sold.

Based on aggregated 13F filings for Q1 2018.