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BlackRock Taxable Municipal Bond Trust
BBN

122 hedge funds and large institutions have $285M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

19% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 36

3.47% more ownership

Funds ownership: 28.31% → 31.79% (+3.5%)

3% more capital invested

Capital invested by funds: $278M → $285M (+$7.17M)

2% less funds holding

Funds holding: 125 → 122 (-3)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

Holders
122
Holders Change
-3
Holders Change %
-2.4%
% of All Funds
1.94%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
12
Increased
43
Reduced
36
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$22.5M
2
M&T Bank
M&T Bank
New York
+$13.3M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$5.26M
4
Morgan Stanley
Morgan Stanley
New York
+$4.21M
5
Osaic Holdings
Osaic Holdings
Arizona
+$3.85M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$5.3M
2
BAAM
Baker Avenue Asset Management
California
-$4.89M
3
Wells Fargo
Wells Fargo
California
-$4.75M
4
HH
Hilltop Holdings
Texas
-$3.29M
5
BI
Bramshill Investments
Florida
-$2.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
51
Janney Montgomery Scott
Pennsylvania
$567K -$109K -6,831 -15%
TW
52
Transform Wealth
Colorado
$564K +$593K +37,200 New
PAG
53
Private Advisor Group
New Jersey
$543K -$38.6K -2,421 -6%
WAM
54
Wolverine Asset Management
Illinois
$536K +$214K +13,404 +61%
Wealth Enhancement Advisory Services
55
Wealth Enhancement Advisory Services
Minnesota
$531K +$558K +35,023 New
Susquehanna International Group
56
Susquehanna International Group
Pennsylvania
$488K -$88.3K -5,538 -15%
IWM
57
IHT Wealth Management
Illinois
$469K -$50.1K -3,143 -9%
AUB
58
Atlantic Union Bankshares
Virginia
$458K -$60.9K -3,820 -11%
LA
59
LexAurum Advisors
Kansas
$444K -$46.7K -2,930 -9%
Stifel Financial
60
Stifel Financial
Missouri
$410K +$40.6K +2,549 +10%
CFG
61
Cooper Financial Group
California
$402K -$1.93M -120,923 -82%
ONB
62
Old National Bancorp
Indiana
$369K – – –
IWC
63
Integrated Wealth Concepts
Massachusetts
$341K -$94.1K -5,900 -21%
Allspring Global Investments
64
Allspring Global Investments
North Carolina
$321K – – –
BMCM
65
Bryn Mawr Capital Management
Pennsylvania
$295K +$311K +19,483 New
AWS
66
Atria Wealth Solutions
New York
$282K +$2.04K +128 +0.7%
NA
67
NewEdge Advisors
Louisiana
$281K -$280K -17,555 -49%
DADC
68
D.A. Davidson & Co
Montana
$275K – – –
RP
69
Riverbridge Partners
Minnesota
$275K +$56.9K +3,572 +25%
SRSA
70
S.R. Schill & Associates
Washington
$254K -$18.4K -1,153 -6%
JAG
71
Journey Advisory Group
Kentucky
$236K – – –
BOPW
72
Brandywine Oak Private Wealth
Pennsylvania
$235K +$47.8K +3,000 +24%
CC
73
Commons Capital
Massachusetts
$231K +$3.87K +243 +2%
WA
74
Waverly Advisors
Alabama
$231K – – –
CA
75
Cetera Advisors
Colorado
$230K +$9.06K +568 +4%
1 2
3
4 5

BBN Hedge Fund Activity: Q3 2023 in Review

122 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2023, worth a combined $285M — up 2.6% from $278M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BBN and 12 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 43 added.

The largest buyer was Sit Investment Associates, adding an estimated $22.5M. The largest seller was UBS Group, cutting an estimated $5.3M.

  • 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2023, down from 125 in Q2 2023.
  • Funds reported $285M of BlackRock Taxable Municipal Bond Trust stock for Q3 2023, up 2.6% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2023 and 14 closed out, a net change of -2 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2023 was Sit Investment Associates, an estimated $22.5M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2023 was UBS Group, an estimated $5.3M sold.

Based on aggregated 13F filings for Q3 2023.