BlackRock Taxable Municipal Bond Trust
BBN
75 hedge funds and large institutions have $140M invested in BlackRock Taxable Municipal Bond Trust in 2015 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 17 reducing their positions, and 8 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 17
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
9% more capital invested
Capital invested by funds: $128M → $140M (+$12.1M)
4% more funds holding
Funds holding: 72 → 75 (+3)
0.88% more ownership
Funds ownership: 11.25% → 12.14% (+0.88%)
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
|
+$3.91M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.8M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$1.74M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$1.53M |
| 5 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
-$2.39M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.8M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$538K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$446K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$436K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
76
Doliver Advisors
Houston,
Texas
| – | -$1.8M | -90,464 | Closed |
|
|
VKH
77
Virtu KCG Holdings
New York
| – | -$265K | -13,353 | Closed |
|
|
CRC
78
Curi RMB Capital
Chicago,
Illinois
| – | -$220K | -11,094 | Closed |
|
|
FFC
79
First Financial Corp
Terre Haute,
Indiana
| – | -$45K | -2,255 | Closed |
|
|
FANJ
80
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$20K | -1,000 | Closed |
|
81
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$10K | -500 | Closed |
|
|
WEC
82
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$1.99K | -100 | Closed |
|
BBN Hedge Fund Activity: Q3 2015 in Review
75 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2015, worth a combined $140M — up 9.5% from $128M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BBN positions and 8 closed out — a net gain of 4 holders — while 31 added to existing stakes and 17 trimmed.
The largest buyer was Janus Henderson Investors US, adding an estimated $3.91M. The largest seller was Oak Hill Advisors, cutting an estimated $2.39M.
- 75 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2015, up from 72 in Q2 2015.
- Funds reported $140M of BlackRock Taxable Municipal Bond Trust stock for Q3 2015, up 9.5% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2015 and 8 closed out, a net change of +4 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2015 was Janus Henderson Investors US, an estimated $3.91M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2015 was Oak Hill Advisors, an estimated $2.39M sold.
Based on aggregated 13F filings for Q3 2015.