BlackRock Taxable Municipal Bond Trust
BBN
74 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
9% more funds holding
Funds holding: 68 → 74 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.74% less ownership
Funds ownership: 12.64% → 11.9% (-0.74%)
9% less capital invested
Capital invested by funds: $159M → $145M (-$13.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$941K |
| 2 |
AIM
Allen Investment Management
New York
|
+$537K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$524K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$336K |
| 5 |
IH
IFC Holdings
Tampa,
Florida
|
+$335K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.77M |
| 2 |
Jane Street
New York
|
-$1.95M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$1.58M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.37M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.3M |
BBN Hedge Fund Activity: Q3 2014 in Review
74 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2014, worth a combined $145M — down 8.6% from $159M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BBN positions and 6 closed out — a net gain of 6 holders — while 25 added to existing stakes and 19 trimmed.
The largest buyer was Doliver Advisors, opening a new position worth an estimated $941K. The largest seller was Sit Investment Associates, cutting an estimated $3.77M.
- 74 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2014, up from 68 in Q2 2014.
- Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2014, down 8.6% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2014 and 6 closed out, a net change of +6 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2014 was Doliver Advisors, an estimated $941K added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2014 was Sit Investment Associates, an estimated $3.77M sold.
Based on aggregated 13F filings for Q3 2014.