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BlackRock Taxable Municipal Bond Trust
BBN

128 hedge funds and large institutions have $332M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 44 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.63% less ownership

Funds ownership: 26.14% → 25.51% (-0.63%)

11% less funds holding

Funds holding: 144 → 128 (-16)

18% less capital invested

Capital invested by funds: $404M → $332M (-$72.1M)

23% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 44

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

48% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 29

Holders
128
Holders Change
-16
Holders Change %
-11.11%
% of All Funds
2.02%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
15
Increased
34
Reduced
44
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$8.08M
2
Ameriprise
Ameriprise
Minnesota
+$6.7M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$3.94M
4
FWM
Fortress Wealth Management
California
+$3.8M
5
Wells Fargo
Wells Fargo
California
+$3.66M

Top Sellers

Rank Fund Capital Flow
1
TC
TownSquare Capital
Utah
-$9.56M
2
PCM
Penserra Capital Management
California
-$4.67M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$4.44M
4
JG
Jefferies Group
New York
-$4.35M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$4.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWA
51
AmeriServ Wealth Advisors
Pennsylvania
$838K -$554K -24,037 -39%
IWM
52
IHT Wealth Management
Illinois
$826K – – –
KPW
53
Kore Private Wealth
New York
$815K – – –
BI
54
Bramshill Investments
Florida
$792K +$828K +35,947 New
CA
55
Cetera Advisors
Colorado
$766K +$93K +4,036 +13%
LA
56
LexAurum Advisors
Kansas
$738K -$2.03K -88 -0.3%
PMG
57
ProVise Management Group
Florida
$656K -$11.5K -500 -2%
NA
58
NewEdge Advisors
Louisiana
$561K -$52.2K -2,265 -8%
FFA
59
First Foundation Advisors
California
$558K – – –
FMTCOCP
60
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$551K – – –
LCM
61
Landscape Capital Management
New Jersey
$520K +$544K +23,627 New
GWSG
62
GPS Wealth Strategies Group
Colorado
$514K +$122K +5,306 +29%
TIM
63
Triad Investment Management
California
$496K -$5.51K -239 -1%
USCWA
64
U.S. Capital Wealth Advisors
Texas
$470K -$127K -5,500 -21%
Allspring Global Investments
65
Allspring Global Investments
North Carolina
$466K – – –
BRC
66
Bell Rock Capital
Delaware
$418K +$2.28K +99 +0.5%
LWAC
67
Laurel Wealth Advisors (California)
California
$415K -$88.3K -3,831 -17%
WKWM
68
Walter & Keenan Wealth Management
Indiana
$403K +$150K +6,500 +55%
AWS
69
Atria Wealth Solutions
New York
$397K +$416K +18,038 New
RCM
70
Rivernorth Capital Management
Florida
$371K +$388K +16,855 New
SPIA
71
Steward Partners Investment Advisory
New York
$368K +$313K +13,587 +435%
SB
72
Simmons Bank
Arkansas
$366K – – –
EM
73
ELCO Management
New York
$363K – – –
SRSA
74
S.R. Schill & Associates
Washington
$330K +$10.4K +453 +3%
DADC
75
D.A. Davidson & Co
Montana
$302K +$23K +1,000 +8%
1 2
3
4 5

BBN Hedge Fund Activity: Q1 2022 in Review

128 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2022, worth a combined $332M — down 18% from $404M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of BBN and 15 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 34 added.

The largest buyer was Guggenheim Capital, adding an estimated $8.08M. The largest seller was TownSquare Capital, cutting an estimated $9.56M.

  • 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2022, down from 144 in Q4 2021.
  • Funds reported $332M of BlackRock Taxable Municipal Bond Trust stock for Q1 2022, down 18% quarter-over-quarter.
  • 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2022 and 29 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2022 was Guggenheim Capital, an estimated $8.08M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2022 was TownSquare Capital, an estimated $9.56M sold.

Based on aggregated 13F filings for Q1 2022.