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BlackRock Taxable Municipal Bond Trust
BBN

101 hedge funds and large institutions have $260M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 22

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

6% more capital invested

Capital invested by funds: $246M → $260M (+$14.1M)

3% more funds holding

Funds holding: 98 → 101 (+3)

1.27% more ownership

Funds ownership: 17.41% → 18.68% (+1.3%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
101
Holders Change
+3
Holders Change %
+3.06%
% of All Funds
1.99%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
12
Increased
38
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$4.32M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.49M
3
Morgan Stanley
Morgan Stanley
New York
+$2.36M
4
Invesco
Invesco
Georgia
+$2.07M
5
Wells Fargo
Wells Fargo
California
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$5.04M
2
HH
Hilltop Holdings
Texas
-$2.62M
3
PCIA
Prime Capital Investment Advisors
Kansas
-$434K
4
JG
Jefferies Group
New York
-$364K
5
Citigroup
Citigroup
New York
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
MAFM
51
Mid Atlantic Financial Management
Pennsylvania
$456K +$89.8K +3,750 +25%
WKWM
52
Walter & Keenan Wealth Management
Indiana
$433K +$59.9K +2,500 +16%
CF
53
Centaurus Financial
California
$405K +$109K +4,555 +38%
EIA
54
Edgemoor Investment Advisors
Maryland
$400K – – –
WWM
55
Western Wealth Management
Colorado
$368K – – –
MMA
56
Miracle Mile Advisors
California
$368K +$363K +15,133 New
Janney Montgomery Scott
57
Janney Montgomery Scott
Pennsylvania
$365K +$72.5K +3,026 +25%
AG
58
Advisor Group
Arizona
$358K +$551 +23 +0.2%
SFSIG
59
San Francisco Sentry Investment Group
California
$333K – – –
Fiera Capital (Canada)
60
Fiera Capital (Canada)
Quebec, Canada
$330K – – –
ECM
61
Evergreen Capital Management
Washington
$305K -$29.7K -1,241 -9%
UR
62
USCA RIA
Texas
$295K +$17.1K +715 +6%
CAN
63
Claraphi Advisory Network
United States
$280K -$5.56K -232 -2%
FAAS
64
First Allied Advisory Services
California
$270K – – –
Bank of New York Mellon
65
Bank of New York Mellon
New York
$268K – – –
SP
66
Successful Portfolios
Florida
$264K -$33.2K -1,386 -11%
VWA
67
VERITY Wealth Advisors
United States
$260K – – –
RJT
68
Raymond James Trust
Florida
$248K – – –
QCMC
69
Quantum Capital Management (California)
California
$241K -$2.04K -85 -0.9%
HCM
70
Hollencrest Capital Management
California
$233K +$3.12K +130 +1%
Lazard Asset Management
71
Lazard Asset Management
New York
$226K – – –
PWSG
72
Pacific Wealth Strategies Group
California
$207K – – –
WS
73
Wedbush Securities
California
$206K +$202K +8,446 New
Truist Financial
74
Truist Financial
North Carolina
$200K +$197K +8,219 New
SMFS
75
Squar Milner Financial Services
California
$167K -$57.5K -2,400 -26%
1 2
3
4 5

BBN Hedge Fund Activity: Q4 2019 in Review

101 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2019, worth a combined $260M — up 5.8% from $246M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 7 closed out — a net gain of 5 holders — while 38 added to existing stakes and 22 trimmed.

The largest buyer was UBS Group, adding an estimated $4.32M. The largest seller was Ameriprise, cutting an estimated $5.04M.

  • 101 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2019, up from 98 in Q3 2019.
  • Funds reported $260M of BlackRock Taxable Municipal Bond Trust stock for Q4 2019, up 5.8% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2019 and 7 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2019 was UBS Group, an estimated $4.32M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2019 was Ameriprise, an estimated $5.04M sold.

Based on aggregated 13F filings for Q4 2019.