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BlackRock Taxable Municipal Bond Trust
BBN

124 hedge funds and large institutions have $359M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

14% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 35

6% more capital invested

Capital invested by funds: $339M → $359M (+$19.5M)

1% more funds holding

Funds holding: 123 → 124 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.99% less ownership

Funds ownership: 33.56% → 32.58% (-0.99%)

Holders
124
Holders Change
+1
Holders Change %
+0.81%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
40
Reduced
35
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$7.11M
2
HighTower Advisors
HighTower Advisors
Illinois
+$5.79M
3
Wells Fargo
Wells Fargo
California
+$3.24M
4
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$2.22M
5
BEI
Benjamin Edwards Inc
Missouri
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$10.5M
2
M&T Bank
M&T Bank
New York
-$7.62M
3
LPL Financial
LPL Financial
California
-$5.08M
4
SIA
Sit Investment Associates
Minnesota
-$4.17M
5
LCM
Landscape Capital Management
New Jersey
-$3.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
Allspring Global Investments
51
Allspring Global Investments
North Carolina
$601K – – –
NA
52
NewEdge Advisors
Louisiana
$560K -$45.2K -2,607 -8%
GP
53
Gridiron Partners
Pennsylvania
$544K – – –
DADC
54
D.A. Davidson & Co
Montana
$515K +$184K +10,642 +58%
CJ
55
Caitlin John
Michigan
$501K +$358K +20,658 +207%
IWM
56
IHT Wealth Management
Illinois
$466K -$40K -2,311 -8%
Bank of Montreal
57
Bank of Montreal
Ontario, Canada
$450K -$46.2K -2,667 -10%
SA
58
SFI Advisors
New Jersey
$425K +$39.7K +2,290 +11%
Koshinski Asset Management
59
Koshinski Asset Management
Illinois
$422K +$411K +23,708 New
SCM
60
Schnieders Capital Management
California
$417K -$12.1K -700 -3%
Comerica Bank
61
Comerica Bank
Texas
$414K +$30K +1,731 +8%
ICMP
62
Integrated Capital Management (Pennsylvania)
Pennsylvania
$403K +$17K +983 +5%
AUB
63
Atlantic Union Bankshares
Virginia
$390K -$9.13K -527 -2%
Calamos Advisors
64
Calamos Advisors
Illinois
$389K +$54K +3,117 +17%
IWC
65
Integrated Wealth Concepts
Massachusetts
$378K +$6.82K +394 +2%
RCM
66
Robinson Capital Management
Michigan
$370K +$358K +20,692 New
USCWA
67
U.S. Capital Wealth Advisors
Texas
$359K -$162K -9,350 -32%
VF
68
Virtu Financial
New York
$335K +$326K +18,806 New
Creative Planning
69
Creative Planning
Kansas
$330K +$120K +6,925 +60%
LA
70
LexAurum Advisors
Kansas
$329K -$31K -1,790 -9%
ATS
71
Ashton Thomas Securities
New York
$323K – – –
BOPW
72
Brandywine Oak Private Wealth
Pennsylvania
$321K – – –
GC
73
Guggenheim Capital
Illinois
$319K +$310K +17,922 New
AWS
74
Atria Wealth Solutions
New York
$312K +$2.65K +153 +0.9%
BCM
75
Brookstone Capital Management
Illinois
$310K -$65.8K -3,801 -18%
1 2
3
4 5

BBN Hedge Fund Activity: Q3 2024 in Review

124 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2024, worth a combined $359M — up 5.7% from $339M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BBN positions and 18 closed out — a net gain of 3 holders — while 40 added to existing stakes and 35 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.11M. The largest seller was Envestnet Asset Management, cutting an estimated $10.5M.

  • 124 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2024, up from 123 in Q2 2024.
  • Funds reported $359M of BlackRock Taxable Municipal Bond Trust stock for Q3 2024, up 5.7% quarter-over-quarter.
  • 21 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2024 and 18 closed out, a net change of +3 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2024 was Morgan Stanley, an estimated $7.11M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2024 was Envestnet Asset Management, an estimated $10.5M sold.

Based on aggregated 13F filings for Q3 2024.