BlackRock Taxable Municipal Bond Trust
BBN
124 hedge funds and large institutions have $272M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 42 reducing their positions, and 11 closing their positions.
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
7% more capital invested
Capital invested by funds: $255M → $272M (+$17M)
6% more funds holding
Funds holding: 117 → 124 (+7)
0.96% more ownership
Funds ownership: 26.42% → 27.38% (+0.96%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
19% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$8.05M |
| 2 |
Morgan Stanley
New York
|
+$4.5M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.73M |
| 4 |
JFG
Jefferies Financial Group
New York
|
+$2.04M |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$6.16M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$2.57M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1M |
| 4 |
SW
SVB Wealth
Boston,
Massachusetts
|
-$759K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$745K |
BBN Hedge Fund Activity: Q4 2022 in Review
124 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2022, worth a combined $272M — up 6.6% from $255M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BBN positions and 11 closed out — a net gain of 11 holders — while 34 added to existing stakes and 42 trimmed.
The largest buyer was Wells Fargo, adding an estimated $8.05M. The largest seller was Guggenheim Capital, cutting an estimated $6.16M.
- 124 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2022, up from 117 in Q3 2022.
- Funds reported $272M of BlackRock Taxable Municipal Bond Trust stock for Q4 2022, up 6.6% quarter-over-quarter.
- 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2022 and 11 closed out, a net change of +11 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2022 was Wells Fargo, an estimated $8.05M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2022 was Guggenheim Capital, an estimated $6.16M sold.
Based on aggregated 13F filings for Q4 2022.