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BlackRock Taxable Municipal Bond Trust
BBN

110 hedge funds and large institutions have $299M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 26

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

26% more capital invested

Capital invested by funds: $238M → $299M (+$61.4M)

5% more funds holding

Funds holding: 105 → 110 (+5)

1.86% more ownership

Funds ownership: 19.29% → 21.15% (+1.9%)

Holders
110
Holders Change
+5
Holders Change %
+4.76%
% of All Funds
2.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
37
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$17.3M
2
JWCA
J.W. Cole Advisors
Florida
+$5.31M
3
Ameriprise
Ameriprise
Minnesota
+$4.12M
4
Morgan Stanley
Morgan Stanley
New York
+$3.23M
5
UBS Group
UBS Group
Switzerland
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$3.47M
2
HH
Hilltop Holdings
Texas
-$2.26M
3
CA
Cetera Advisors
Colorado
-$1.75M
4
PCIA
Prime Capital Investment Advisors
Kansas
-$1.61M
5
LCM
Landscape Capital Management
New Jersey
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
MAFM
51
Mid Atlantic Financial Management
Pennsylvania
$455K +$45.1K +1,925 +12%
Citigroup
52
Citigroup
New York
$422K -$93.7K -4,000 -19%
UR
53
USCA RIA
Texas
$417K – – –
SRSA
54
S.R. Schill & Associates
Washington
$349K -$46.9K -2,000 -12%
EIA
55
Edgemoor Investment Advisors
Maryland
$347K -$58.6K -2,500 -15%
Northwestern Mutual Wealth Management
56
Northwestern Mutual Wealth Management
Wisconsin
$346K -$791K -33,763 -71%
CF
57
Centaurus Financial
California
$342K -$48.9K -2,086 -13%
SFSIG
58
San Francisco Sentry Investment Group
California
$341K – – –
SP
59
Successful Portfolios
Florida
$305K – – –
BB
60
Busey Bank
Illinois
$303K +$58.6K +2,500 +26%
Jane Street
61
Jane Street
New York
$297K +$279K +11,911 New
TGAM
62
TBH Global Asset Management
Tennessee
$294K +$277K +11,800 New
WKWM
63
Walter & Keenan Wealth Management
Indiana
$294K +$277K +11,800 New
OC
64
Oppenheimer & Co
New York
$284K -$26.2K -1,118 -9%
VWA
65
VERITY Wealth Advisors
United States
$267K – – –
ECM
66
Evergreen Capital Management
Washington
$265K -$44.4K -1,893 -15%
FAAS
67
First Allied Advisory Services
California
$259K +$22.5K +959 +10%
RJT
68
Raymond James Trust
Florida
$253K – – –
WWM
69
Western Wealth Management
Colorado
$249K -$99.2K -4,232 -30%
Rockefeller Capital Management
70
Rockefeller Capital Management
New York
$249K +$3.96K +169 +2%
PCM
71
Poehling Capital Management
Wisconsin
$249K +$234K +10,000 New
QCMC
72
Quantum Capital Management (California)
California
$246K – – –
HCM
73
Hollencrest Capital Management
California
$238K – – –
SMFS
74
Squar Milner Financial Services
California
$236K +$29.9K +1,277 +16%
Lazard Asset Management
75
Lazard Asset Management
New York
$231K – – –
1 2
3
4 5

BBN Hedge Fund Activity: Q2 2020 in Review

110 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2020, worth a combined $299M — up 26% from $238M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BBN positions and 13 closed out — a net gain of 5 holders — while 37 added to existing stakes and 26 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17.3M. The largest seller was Invesco, cutting an estimated $3.47M.

  • 110 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2020, up from 105 in Q1 2020.
  • Funds reported $299M of BlackRock Taxable Municipal Bond Trust stock for Q2 2020, up 26% quarter-over-quarter.
  • 18 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2020 and 13 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2020 was Sit Investment Associates, an estimated $17.3M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2020 was Invesco, an estimated $3.47M sold.

Based on aggregated 13F filings for Q2 2020.