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BlackRock Taxable Municipal Bond Trust
BBN

125 hedge funds and large institutions have $278M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 15

26% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 34

3% more funds holding

Funds holding: 121 → 125 (+4)

0.43% more ownership

Funds ownership: 27.88% → 28.31% (+0.43%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less capital invested

Capital invested by funds: $293M → $278M (-$14.7M)

Holders
125
Holders Change
+4
Holders Change %
+3.31%
% of All Funds
1.96%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
43
Reduced
34
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$6.57M
2
Morgan Stanley
Morgan Stanley
New York
+$4.77M
3
RCM
Rivernorth Capital Management
Florida
+$2.33M
4
LCM
Landscape Capital Management
New Jersey
+$1.09M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$956K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$4.11M
2
UBS Group
UBS Group
Switzerland
-$3.52M
3
JFG
Jefferies Financial Group
New York
-$2.12M
4
HH
Hilltop Holdings
Texas
-$1.73M
5
LGA
Lebenthal Global Advisors
New York
-$1.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
51
Private Advisor Group
New Jersey
$634K +$33.6K +1,948 +5%
TC
52
TownSquare Capital
Utah
$631K -$23.6K -1,368 -3%
Susquehanna International Group
53
Susquehanna International Group
Pennsylvania
$626K -$26.3K -1,526 -4%
NA
54
NewEdge Advisors
Louisiana
$599K +$49.8K +2,890 +9%
IWM
55
IHT Wealth Management
Illinois
$565K -$24.1K -1,399 -4%
AUB
56
Atlantic Union Bankshares
Virginia
$565K -$8.61K -500 -1%
LA
57
LexAurum Advisors
Kansas
$535K +$6.13K +356 +1%
ACA
58
Ackerman Capital Advisors
Texas
$497K +$516K +29,958 New
IWC
59
Integrated Wealth Concepts
Massachusetts
$471K +$60.3K +3,500 +14%
Stifel Financial
60
Stifel Financial
Missouri
$407K -$24K -1,393 -5%
ONB
61
Old National Bancorp
Indiana
$404K -$22.3K -1,296 -5%
FFA
62
Farther Finance Advisors
California
$375K +$389K +22,582 New
WAM
63
Wolverine Asset Management
Illinois
$364K +$378K +21,962 New
Allspring Global Investments
64
Allspring Global Investments
North Carolina
$351K – – –
Walleye Capital
65
Walleye Capital
New York
$332K +$344K +19,989 New
AWS
66
Atria Wealth Solutions
New York
$306K +$2.12K +123 +0.7%
DADC
67
D.A. Davidson & Co
Montana
$301K +$44.9K +2,605 +17%
SRSA
68
S.R. Schill & Associates
Washington
$297K – – –
National Bank of Canada
69
National Bank of Canada
Quebec, Canada
$281K +$2.46K +143 +0.9%
JAG
70
Journey Advisory Group
Kentucky
$259K – – –
WA
71
Waverly Advisors
Alabama
$253K – – –
FFA
72
First Foundation Advisors
California
$252K -$14K -810 -5%
CC
73
Commons Capital
Massachusetts
$249K +$465 +27 +0.2%
MWM
74
Melfa Wealth Management
Massachusetts
$246K +$1.21K +70 +0.5%
PTC
75
Private Trust Company
Ohio
$245K +$19.7K +1,141 +8%
1 2
3
4 5

BBN Hedge Fund Activity: Q2 2023 in Review

125 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2023, worth a combined $278M — down 5% from $293M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BBN positions and 15 closed out — a net gain of 5 holders — while 43 added to existing stakes and 34 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $6.57M. The largest seller was Wells Fargo, cutting an estimated $4.11M.

  • 125 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2023, up from 121 in Q1 2023.
  • Funds reported $278M of BlackRock Taxable Municipal Bond Trust stock for Q2 2023, down 5% quarter-over-quarter.
  • 20 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2023 and 15 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2023 was Sit Investment Associates, an estimated $6.57M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2023 was Wells Fargo, an estimated $4.11M sold.

Based on aggregated 13F filings for Q2 2023.