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BlackRock Taxable Municipal Bond Trust
BBN

123 hedge funds and large institutions have $380M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 35 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 35

2% more capital invested

Capital invested by funds: $374M → $380M (+$6.24M)

0.09% more ownership

Funds ownership: 24.91% → 25% (+0.09%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 128 → 123 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
123
Holders Change
-5
Holders Change %
-3.91%
% of All Funds
2.15%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
12
Increased
43
Reduced
35
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$4.63M
2
Morgan Stanley
Morgan Stanley
New York
+$3.12M
3
LPL Financial
LPL Financial
California
+$2.45M
4
Invesco
Invesco
Georgia
+$1.73M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.3M

Top Sellers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
-$2.78M
2
FNBSF
First National Bank Sioux Falls
South Dakota
-$2.42M
3
ASN
Advisory Services Network
Georgia
-$1.09M
4
TC
TownSquare Capital
Utah
-$1.01M
5
Wells Fargo
Wells Fargo
California
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIC
51
Samalin Investment Counsel
New York
$936K +$127K +4,850 +15%
LA
52
LexAurum Advisors
Kansas
$864K +$44.4K +1,688 +5%
CF
53
Centaurus Financial
California
$779K +$63.3K +2,407 +9%
FFA
54
First Foundation Advisors
California
$732K -$2.78M -105,903 -79%
KAS
55
Kestra Advisory Services
Texas
$732K +$747K +28,431 New
CA
56
Cetera Advisors
Colorado
$708K -$14K -532 -2%
Stifel Financial
57
Stifel Financial
Missouri
$672K -$2.81K -107 -0.4%
FMTCOCP
58
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$644K – – –
PMG
59
ProVise Management Group
Florida
$641K -$62.7K -2,385 -9%
MAFM
60
Mid Atlantic Financial Management
Pennsylvania
$619K +$69.1K +2,630 +12%
LWAC
61
Laurel Wealth Advisors (California)
California
$584K – – –
USCWA
62
U.S. Capital Wealth Advisors
Texas
$526K +$537K +20,425 New
MML Investors Services
63
MML Investors Services
Massachusetts
$485K +$495K +18,816 New
GWSG
64
GPS Wealth Strategies Group
Colorado
$464K – – –
SB
65
Simmons Bank
Arkansas
$402K -$159K -6,060 -28%
BOPW
66
Brandywine Oak Private Wealth
Pennsylvania
$377K +$346K +13,150 New
FCA
67
FinTrust Capital Advisors
South Carolina
$364K – – –
EIA
68
Edgemoor Investment Advisors
Maryland
$343K -$15.8K -600 -4%
PAA
69
Peregrine Asset Advisers
Oregon
$343K +$499 +19 +0.1%
Bank of New York Mellon
70
Bank of New York Mellon
New York
$343K +$14K +533 +4%
TGAM
71
TBH Global Asset Management
Tennessee
$330K – – –
PG
72
Patten Group
Tennessee
$323K +$14.9K +568 +5%
SWM
73
Spire Wealth Management
Virginia
$322K +$53.9K +2,050 +20%
SP
74
Successful Portfolios
Florida
$315K – – –
BTWM
75
Baker Tilly Wealth Management
Wisconsin
$315K +$24.8K +944 +8%
1 2
3
4 5

BBN Hedge Fund Activity: Q3 2021 in Review

123 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2021, worth a combined $380M — up 1.7% from $374M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of BBN and 12 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 43 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $4.63M. The largest seller was First Foundation Advisors, cutting an estimated $2.78M.

  • 123 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2021, down from 128 in Q2 2021.
  • Funds reported $380M of BlackRock Taxable Municipal Bond Trust stock for Q3 2021, up 1.7% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2021 and 16 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2021 was Penserra Capital Management, an estimated $4.63M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2021 was First Foundation Advisors, an estimated $2.78M sold.

Based on aggregated 13F filings for Q3 2021.