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BlackRock Taxable Municipal Bond Trust

121 hedge funds and large institutions have $293M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 39 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $272M → $293M (+$20.5M)

0.5% more ownership

Funds ownership: 27.38%27.88% (+0.5%)

3% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 39

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

2% less funds holding

Funds holding: 124121 (-3)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
121
Holders Change
-3
Holders Change %
-2.42%
% of All Funds
1.93%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
38
Reduced
39
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
JP Morgan Chase
51
JP Morgan Chase
New York
$687K +$677K +38,333 New
PAG
52
Private Advisor Group
New Jersey
$650K +$35.8K +2,026 +6%
IWM
53
IHT Wealth Management
Illinois
$636K
AUB
54
Atlantic Union Bankshares
Virginia
$619K -$24.7K -1,400 -4%
NA
55
NewEdge Advisors
Louisiana
$592K +$116K +6,550 +25%
LA
56
LexAurum Advisors
Kansas
$571K +$883 +50 +0.2%
Stifel Financial
57
Stifel Financial
Missouri
$464K -$960K -54,363 -68%
ONB
58
Old National Bancorp
Indiana
$459K -$66.2K -3,750 -13%
FMTCOCP
59
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$448K
IWC
60
Integrated Wealth Concepts
Massachusetts
$446K +$440K +24,890 New
Allspring Global Investments
61
Allspring Global Investments
North Carolina
$380K
AWS
62
Atria Wealth Solutions
New York
$329K -$33.3K -1,886 -9%
SRSA
63
S.R. Schill & Associates
Washington
$321K
SW
64
SVB Wealth
Massachusetts
$302K -$15.3K -866 -5%
National Bank of Canada
65
National Bank of Canada
Quebec, Canada
$301K +$4.43K +251 +2%
FFA
66
First Foundation Advisors
California
$287K
JAG
67
Journey Advisory Group
Kentucky
$280K
DADC
68
D.A. Davidson & Co
Montana
$279K -$30K -1,700 -10%
RP
69
Riverbridge Partners
Minnesota
$278K +$18.4K +1,040 +7%
WA
70
Waverly Advisors
Alabama
$273K +$269K +15,220 New
CC
71
Commons Capital
Massachusetts
$268K -$1.08K -61 -0.4%
MWM
72
Melfa Wealth Management
Massachusetts
$264K +$260K +14,750 New
CA
73
Cetera Advisors
Colorado
$263K -$279K -15,814 -52%
Millennium Management
74
Millennium Management
New York
$255K +$252K +14,244 New
RW
75
RVW Wealth
California
$253K +$249K +14,100 New

BBN Hedge Fund Activity: Q1 2023 in Review

121 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2023, worth a combined $293M — up 7.5% from $272M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BBN and 16 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 38 added.

The largest buyer was Baker Avenue Asset Management, adding an estimated $4.47M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $6.64M sold.

  • 121 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2023, down from 124 in Q4 2022.
  • Funds reported $293M of BlackRock Taxable Municipal Bond Trust stock for Q1 2023, up 7.5% quarter-over-quarter.
  • 16 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2023 and 17 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2023 was Baker Avenue Asset Management, an estimated $4.47M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2023 was Penserra Capital Management, an estimated $6.64M sold.

Based on aggregated 13F filings for Q1 2023.