BlackRock Taxable Municipal Bond Trust
BBN
144 hedge funds and large institutions have $404M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 9 closing their positions.
256% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 9
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
29% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 34
17% more funds holding
Funds holding: 123 → 144 (+21)
6% more capital invested
Capital invested by funds: $380M → $404M (+$23.6M)
1.14% more ownership
Funds ownership: 25% → 26.14% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FNBSF
First National Bank Sioux Falls
Sioux Falls,
South Dakota
|
+$2.43M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.19M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.46M |
| 4 |
Morgan Stanley
New York
|
+$1.13M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$868K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$6.19M |
| 2 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
-$1.08M |
| 3 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$1.06M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.03M |
| 5 |
TC
TownSquare Capital
Provo,
Utah
|
-$937K |
BBN Hedge Fund Activity: Q4 2021 in Review
144 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2021, worth a combined $404M — up 6.2% from $380M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new BBN positions and 9 closed out — a net gain of 23 holders — while 44 added to existing stakes and 34 trimmed.
The largest buyer was First National Bank Sioux Falls, opening a new position worth an estimated $2.43M. The largest seller was UBS Group, cutting an estimated $6.19M.
- 144 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2021, up from 123 in Q3 2021.
- Funds reported $404M of BlackRock Taxable Municipal Bond Trust stock for Q4 2021, up 6.2% quarter-over-quarter.
- 32 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2021 and 9 closed out, a net change of +23 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2021 was First National Bank Sioux Falls, an estimated $2.43M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2021 was UBS Group, an estimated $6.19M sold.
Based on aggregated 13F filings for Q4 2021.