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BlackRock Taxable Municipal Bond Trust
BBN

105 hedge funds and large institutions have $238M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

4% more funds holding

Funds holding: 101 → 105 (+4)

0.61% more ownership

Funds ownership: 18.68% → 19.29% (+0.61%)

9% less capital invested

Capital invested by funds: $260M → $238M (-$22.3M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
105
Holders Change
+4
Holders Change %
+3.96%
% of All Funds
2.31%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
36
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$6.13M
2
Ameriprise
Ameriprise
Minnesota
+$3.72M
3
Bank of America
Bank of America
North Carolina
+$3.41M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
+$2.88M
5
LCM
Landscape Capital Management
New Jersey
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
HH
Hilltop Holdings
Texas
-$6.5M
2
JWCA
J.W. Cole Advisors
Florida
-$5.62M
3
FFA
First Foundation Advisors
California
-$1.51M
4
OA
Oxbow Advisors
Texas
-$1.2M
5
CA
Cetera Advisors
Colorado
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
GLA
51
Good Life Advisors
Pennsylvania
$421K +$7.37K +300 +2%
PAA
52
Peregrine Asset Advisers
Oregon
$420K +$473K +19,257 New
Cetera Investment Advisers
53
Cetera Investment Advisers
Illinois
$393K -$82K -3,342 -16%
UR
54
USCA RIA
Texas
$365K +$113K +4,600 +38%
EIA
55
Edgemoor Investment Advisors
Maryland
$358K – – –
MAFM
56
Mid Atlantic Financial Management
Pennsylvania
$356K -$59.2K -2,410 -13%
SRSA
57
S.R. Schill & Associates
Washington
$349K -$90.8K -3,700 -19%
CF
58
Centaurus Financial
California
$345K -$20.2K -822 -5%
WWM
59
Western Wealth Management
Colorado
$309K -$22K -895 -6%
Fiera Capital (Canada)
60
Fiera Capital (Canada)
Quebec, Canada
$304K +$9.28K +378 +3%
SFSIG
61
San Francisco Sentry Investment Group
California
$299K – – –
PMG
62
ProVise Management Group
Florida
$292K -$306K -12,461 -48%
TJHA
63
Thomas J. Herzfeld Advisors
Florida
$288K +$324K +13,193 New
CAN
64
Claraphi Advisory Network
United States
$277K +$29.1K +1,185 +10%
ECM
65
Evergreen Capital Management
Washington
$273K +$98 +4 +0%
OC
66
Oppenheimer & Co
New York
$273K +$307K +12,516 New
SP
67
Successful Portfolios
Florida
$267K +$34K +1,386 +13%
Bank of New York Mellon
68
Bank of New York Mellon
New York
$240K – – –
VWA
69
VERITY Wealth Advisors
United States
$233K – – –
RJT
70
Raymond James Trust
Florida
$221K – – –
QCMC
71
Quantum Capital Management (California)
California
$216K – – –
Rockefeller Capital Management
72
Rockefeller Capital Management
New York
$214K +$241K +9,831 New
BB
73
Busey Bank
Illinois
$211K -$231K -9,416 -49%
HCM
74
Hollencrest Capital Management
California
$208K – – –
FAAS
75
First Allied Advisory Services
California
$205K -$40.7K -1,657 -15%
1 2
3
4 5

BBN Hedge Fund Activity: Q1 2020 in Review

105 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2020, worth a combined $238M — down 8.6% from $260M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBN positions and 11 closed out — a net gain of 6 holders — while 36 added to existing stakes and 27 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $6.13M. The largest seller was Hilltop Holdings, cutting an estimated $6.5M.

  • 105 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2020, up from 101 in Q4 2019.
  • Funds reported $238M of BlackRock Taxable Municipal Bond Trust stock for Q1 2020, down 8.6% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2020 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2020 was Sit Investment Associates, an estimated $6.13M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2020 was Hilltop Holdings, an estimated $6.5M sold.

Based on aggregated 13F filings for Q1 2020.