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BlackRock Taxable Municipal Bond Trust
BBN

132 hedge funds and large institutions have $302M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

3% more funds holding

Funds holding: 128 → 132 (+4)

1.14% more ownership

Funds ownership: 25.51% → 26.65% (+1.1%)

9% less capital invested

Capital invested by funds: $332M → $302M (-$30.3M)

22% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 41

Holders
132
Holders Change
+4
Holders Change %
+3.13%
% of All Funds
2.22%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.07%
New
22
Increased
32
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FWM
Focused Wealth Management
New York
+$8.87M
2
Morgan Stanley
Morgan Stanley
New York
+$7.5M
3
UBS Group
UBS Group
Switzerland
+$5.46M
4
CFG
Cooper Financial Group
California
+$3.4M
5
Osaic Holdings
Osaic Holdings
Arizona
+$2.98M

Top Sellers

Rank Fund Capital Flow
1
LGA
Lebenthal Global Advisors
New York
-$6.08M
2
Ameriprise
Ameriprise
Minnesota
-$4.08M
3
FWM
Fortress Wealth Management
California
-$3.63M
4
Wells Fargo
Wells Fargo
California
-$1.59M
5
BRWA
B. Riley Wealth Advisors
Florida
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
NA
51
NewEdge Advisors
Louisiana
$716K +$234K +11,892 +47%
KPW
52
Kore Private Wealth
New York
$710K – – –
IWM
53
IHT Wealth Management
Illinois
$679K -$40.2K -2,049 -5%
LA
54
LexAurum Advisors
Kansas
$642K -$805 -41 -0.1%
USCWA
55
U.S. Capital Wealth Advisors
Texas
$504K +$98.2K +5,000 +23%
FFA
56
First Foundation Advisors
California
$486K – – –
FMTCOCP
57
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$479K – – –
PMG
58
ProVise Management Group
Florida
$475K -$98.2K -5,000 -17%
SIA
59
Sit Investment Associates
Minnesota
$473K +$485K +24,673 New
CA
60
Cetera Advisors
Colorado
$466K -$205K -10,454 -30%
TIM
61
Triad Investment Management
California
$432K +$118 +6 +0%
BCA
62
Bay Colony Advisors
Massachusetts
$407K +$406K +20,664 New
Allspring Global Investments
63
Allspring Global Investments
North Carolina
$405K – – –
HNWAG
64
High Net Worth Advisory Group
Florida
$396K +$143K +7,259 +54%
LCM
65
Landscape Capital Management
New Jersey
$363K -$92.2K -4,692 -20%
WKWM
66
Walter & Keenan Wealth Management
Indiana
$351K – – –
SB
67
Simmons Bank
Arkansas
$318K – – –
JAG
68
Journey Advisory Group
Kentucky
$318K +$312K +15,900 New
LWAC
69
Laurel Wealth Advisors (California)
California
$315K -$47.6K -2,425 -13%
AWA
70
AmeriServ Wealth Advisors
Pennsylvania
$303K -$436K -22,201 -58%
SRSA
71
S.R. Schill & Associates
Washington
$287K – – –
DADC
72
D.A. Davidson & Co
Montana
$286K +$24.6K +1,250 +9%
RP
73
Riverbridge Partners
Minnesota
$261K +$268K +13,642 New
EIA
74
Edgemoor Investment Advisors
Maryland
$255K – – –
Cetera Investment Advisers
75
Cetera Investment Advisers
Illinois
$248K +$118 +6 +0%
1 2
3
4 5

BBN Hedge Fund Activity: Q2 2022 in Review

132 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2022, worth a combined $302M — down 9.1% from $332M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 18 closed out — a net gain of 4 holders — while 32 added to existing stakes and 41 trimmed.

The largest buyer was Focused Wealth Management, adding an estimated $8.87M. The largest seller was Lebenthal Global Advisors, cutting an estimated $6.08M.

  • 132 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2022, up from 128 in Q1 2022.
  • Funds reported $302M of BlackRock Taxable Municipal Bond Trust stock for Q2 2022, down 9.1% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2022 and 18 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2022 was Focused Wealth Management, an estimated $8.87M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2022 was Lebenthal Global Advisors, an estimated $6.08M sold.

Based on aggregated 13F filings for Q2 2022.