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BlackRock Taxable Municipal Bond Trust
BBN

117 hedge funds and large institutions have $255M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 31

0.23% less ownership

Funds ownership: 26.65% → 26.42% (-0.23%)

11% less funds holding

Funds holding: 132 → 117 (-15)

15% less capital invested

Capital invested by funds: $302M → $255M (-$46.3M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

61% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 23

Holders
117
Holders Change
-15
Holders Change %
-11.36%
% of All Funds
2.02%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
9
Increased
36
Reduced
31
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$6.72M
2
Morgan Stanley
Morgan Stanley
New York
+$4.61M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$2.76M
4
HH
Hilltop Holdings
Texas
+$2.62M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$8.7M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$6.54M
3
GC
Guggenheim Capital
Illinois
-$6.46M
4
V
Veritable
Delaware
-$3.43M
5
UBS Group
UBS Group
Switzerland
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
51
TownSquare Capital
Utah
$677K -$309K -16,483 -29%
KPW
52
Kore Private Wealth
New York
$663K +$61.8K +3,300 +9%
ONB
53
Old National Bancorp
Indiana
$623K +$710K +37,897 New
IWM
54
IHT Wealth Management
Illinois
$583K – – –
LA
55
LexAurum Advisors
Kansas
$564K +$15.2K +812 +2%
PAG
56
Private Advisor Group
New Jersey
$546K -$102K -5,469 -14%
USCWA
57
U.S. Capital Wealth Advisors
Texas
$433K – – –
FMTCOCP
58
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$411K – – –
SIA
59
Sit Investment Associates
Minnesota
$405K – – –
AWS
60
Atria Wealth Solutions
New York
$394K +$450K +23,997 New
FFA
61
First Foundation Advisors
California
$375K -$46.8K -2,500 -10%
NA
62
NewEdge Advisors
Louisiana
$365K -$284K -15,135 -41%
Allspring Global Investments
63
Allspring Global Investments
North Carolina
$347K – – –
BRC
64
Bell Rock Capital
Delaware
$335K +$382K +20,395 New
BCA
65
Bay Colony Advisors
Massachusetts
$334K -$5.96K -318 -2%
WKWM
66
Walter & Keenan Wealth Management
Indiana
$301K – – –
BAAM
67
Baker Avenue Asset Management
California
$298K +$340K +18,128 New
LWAC
68
Laurel Wealth Advisors (California)
California
$270K – – –
JAG
69
Journey Advisory Group
Kentucky
$261K – – –
CC
70
Commons Capital
Massachusetts
$242K -$513K -27,357 -65%
RP
71
Riverbridge Partners
Minnesota
$236K +$13.7K +729 +5%
SRSA
72
S.R. Schill & Associates
Washington
$230K -$18.8K -1,001 -7%
National Bank of Canada
73
National Bank of Canada
Quebec, Canada
$222K +$243K +12,975 +2,359%
EIA
74
Edgemoor Investment Advisors
Maryland
$219K – – –
PTC
75
Private Trust Company
Ohio
$217K +$195K +10,424 +372%
1 2
3
4 5

BBN Hedge Fund Activity: Q3 2022 in Review

117 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2022, worth a combined $255M — down 15% from $302M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BBN and 9 opened new positions — a net loss of 14 holders — while 31 trimmed existing stakes and 36 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $6.72M. The largest seller was Ameriprise, cutting an estimated $8.7M.

  • 117 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2022, down from 132 in Q2 2022.
  • Funds reported $255M of BlackRock Taxable Municipal Bond Trust stock for Q3 2022, down 15% quarter-over-quarter.
  • 9 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2022 and 23 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2022 was Penserra Capital Management, an estimated $6.72M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2022 was Ameriprise, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2022.