BlackRock Taxable Municipal Bond Trust
BBN
76 hedge funds and large institutions have $163M invested in BlackRock Taxable Municipal Bond Trust in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
42% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 19
12% more capital invested
Capital invested by funds: $145M → $163M (+$17.3M)
3% more funds holding
Funds holding: 74 → 76 (+2)
0.77% more ownership
Funds ownership: 11.9% → 12.67% (+0.77%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$11.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.61M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$787K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$661K |
| 5 |
SG Americas Securities
New York
|
+$491K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.13M |
| 2 |
Morgan Stanley
New York
|
-$1.7M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.63M |
| 4 |
JG
Jefferies Group
New York
|
-$1.22M |
| 5 |
AC
Allstate Corporation
Northbrook,
Illinois
|
-$1.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Envestnet Asset Management
Chicago,
Illinois
| $1K | – | – | – |
|
|
JG
77
Jefferies Group
New York
| – | -$1.22M | -58,236 | Closed |
|
|
AC
78
Allstate Corporation
Northbrook,
Illinois
| – | -$1.08M | -51,308 | Closed |
|
|
DA
79
Doliver Advisors
Houston,
Texas
| – | -$919K | -43,728 | Closed |
|
|
AIM
80
Allen Investment Management
New York
| – | -$525K | -24,981 | Closed |
|
|
FAAS
81
First Allied Advisory Services
San Diego,
California
| – | -$313K | -14,921 | Closed |
|
|
WS
82
Wedbush Securities
Los Angeles,
California
| – | -$304K | -14,445 | Closed |
|
|
TRCT
83
Tower Research Capital (TRC)
New York
| – | -$99K | -4,700 | Closed |
|
84
Barclays
London,
United Kingdom
| – | -$11K | -500 | Closed |
|
|
MAM
85
Meeder Asset Management
Dublin,
Ohio
| – | -$10K | -490 | Closed |
|
BBN Hedge Fund Activity: Q4 2014 in Review
76 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2014, worth a combined $163M — up 12% from $145M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BBN positions and 10 closed out — a net gain of 5 holders — while 27 added to existing stakes and 19 trimmed.
The largest buyer was Janus Henderson Investors US, opening a new position worth an estimated $11.9M. The largest seller was Sit Investment Associates, cutting an estimated $2.13M.
- 76 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2014, up from 74 in Q3 2014.
- Funds reported $163M of BlackRock Taxable Municipal Bond Trust stock for Q4 2014, up 12% quarter-over-quarter.
- 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2014 and 10 closed out, a net change of +5 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2014 was Janus Henderson Investors US, an estimated $11.9M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2014 was Sit Investment Associates, an estimated $2.13M sold.
Based on aggregated 13F filings for Q4 2014.