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BlackRock Taxable Municipal Bond Trust
BBN

95 hedge funds and large institutions have $166M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

3% more funds holding

Funds holding: 92 → 95 (+3)

1% more capital invested

Capital invested by funds: $165M → $166M (+$1.38M)

0.45% more ownership

Funds ownership: 12.78% → 13.23% (+0.45%)

3% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 30

Holders
95
Holders Change
+3
Holders Change %
+3.26%
% of All Funds
2.17%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
13
Increased
29
Reduced
30
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
+$9.67M
2
CA
Cornerstone Advisory
Maryland
+$3.34M
3
Stifel Financial
Stifel Financial
Missouri
+$1.72M
4
DA
Doliver Advisors
Texas
+$1.55M
5
LPL Financial
LPL Financial
California
+$701K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$8.75M
2
Goldman Sachs
Goldman Sachs
New York
-$7.77M
3
Ameriprise
Ameriprise
Minnesota
-$3.05M
4
Wells Fargo
Wells Fargo
California
-$1.28M
5
PAA
Peregrine Asset Advisers
Oregon
-$814K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIBC World Market
51
CIBC World Market
Ontario, Canada
$273K – – –
AA
52
AQR Arbitrage
Connecticut
$270K +$70.4K +3,210 +36%
TCOT
53
Trust Company of Toledo
Ohio
$265K – – –
BKA
54
Brick & Kyle Associates
Pennsylvania
$243K -$11K -500 -4%
SG Americas Securities
55
SG Americas Securities
New York
$230K +$228K +10,406 New
QCMC
56
Quantum Capital Management (California)
California
$228K – – –
Cohen & Steers
57
Cohen & Steers
New York
$228K +$98.6K +4,495 +77%
PWSG
58
Pacific Wealth Strategies Group
California
$221K +$219K +10,000 New
RJT
59
Raymond James Trust
Florida
$218K – – –
Janney Montgomery Scott
60
Janney Montgomery Scott
Pennsylvania
$209K -$20.4K -932 -9%
CIA
61
Capital Investment Advisors
Georgia
$206K +$205K +9,338 New
Lazard Asset Management
62
Lazard Asset Management
New York
$205K – – –
LTFS
63
Ladenburg Thalmann Financial Services
Florida
$201K – – –
AG
64
Advisor Group
Arizona
$179K -$30.1K -1,372 -14%
SWM
65
SeaCrest Wealth Management
New York
$158K -$1.14K -52 -0.7%
AWM
66
Aevitas Wealth Management
Massachusetts
$148K +$2.61K +119 +2%
Northwestern Mutual Wealth Management
67
Northwestern Mutual Wealth Management
Wisconsin
$131K -$38K -1,732 -23%
IA
68
IFP Advisors
Florida
$122K -$351 -16 -0.3%
PG
69
Patten Group
Tennessee
$93K – – –
BFC
70
Bedel Financial Consulting
Indiana
$88K – – –
SSB
71
Sandy Spring Bank
Maryland
$84K -$65.8K -3,000 -44%
RCC
72
Red Cedar Capital
Nebraska
$84K +$197 +9 +0.2%
AA
73
Apriem Advisors
California
$84K +$83.3K +3,800 New
AIM
74
Advantage Investment Management
Iowa
$77K +$1.36K +62 +2%
OSNBOA
75
Old Second National Bank of Aurora
Illinois
$71K – – –
1 2
3
4 5

BBN Hedge Fund Activity: Q2 2018 in Review

95 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2018, worth a combined $166M — up 0.84% from $165M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BBN positions and 7 closed out — a net gain of 6 holders — while 29 added to existing stakes and 30 trimmed.

The largest buyer was Oxbow Advisors, opening a new position worth an estimated $9.67M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $8.75M.

  • 95 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2018, up from 92 in Q1 2018.
  • Funds reported $166M of BlackRock Taxable Municipal Bond Trust stock for Q2 2018, up 0.84% quarter-over-quarter.
  • 13 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2018 and 7 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2018 was Oxbow Advisors, an estimated $9.67M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2018 was AmeriServ Wealth Advisors, an estimated $8.75M sold.

Based on aggregated 13F filings for Q2 2018.