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BlackRock Taxable Municipal Bond Trust
BBN

87 hedge funds and large institutions have $163M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 19 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 19

2% more capital invested

Capital invested by funds: $159M → $163M (+$3.71M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.15% less ownership

Funds ownership: 12.88% → 12.73% (-0.15%)

5% less funds holding

Funds holding: 92 → 87 (-5)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

Holders
87
Holders Change
-5
Holders Change %
-5.43%
% of All Funds
2.17%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
10
Increased
35
Reduced
19
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$7.51M
2
Wells Fargo
Wells Fargo
California
+$1.38M
3
HH
Hilltop Holdings
Texas
+$1.12M
4
Stifel Financial
Stifel Financial
Missouri
+$785K
5
Invesco
Invesco
Georgia
+$781K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$9.73M
2
OA
Oxbow Advisors
Texas
-$1.78M
3
SG Americas Securities
SG Americas Securities
New York
-$1.11M
4
DA
Doliver Advisors
Texas
-$1.05M
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$648K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
76
Fifth Third Bancorp
Ohio
$27K -$1.77K -80 -6%
WT
77
Whittier Trust
California
$23K – – –
AC
78
Alexandria Capital
Virginia
$23K +$398 +18 +2%
SIM
79
Sonora Investment Management
Arizona
$22.4K – – –
US Bancorp
80
US Bancorp
Minnesota
$22K -$88.5K -4,000 -80%
OSNBOA
81
Old Second National Bank of Aurora
Illinois
$22K – – –
PCM
82
Penserra Capital Management
California
$18K -$2.5K -113 -12%
AWM
83
Avior Wealth Management
Nebraska
$16K – – –
BFEC
84
Benjamin F. Edwards & Company
Missouri
$11K – – –
CHC
85
City Holding Co
West Virginia
$10K – – –
CFA
86
Carroll Financial Associates
North Carolina
$6K +$6.64K +300 New
WTB
87
Washington Trust Bank
Washington
$5K – – –
HR
88
Howe & Rusling
New York
$3K – – –
KF
89
Krilogy Financial
Missouri
$1K – – –
OA
90
Oxbow Advisors
Texas
– -$1.78M -82,512 Closed
SG Americas Securities
91
SG Americas Securities
New York
– -$1.11M -51,381 Closed
Manulife (Manufacturers Life Insurance)
92
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$648K -30,000 Closed
LCM
93
Laurion Capital Management
New York
– -$647K -29,957 Closed
LCM
94
Landscape Capital Management
New Jersey
– -$508K -23,505 Closed
Squarepoint
95
Squarepoint
New York
– -$473K -21,900 Closed
WSFS
96
Wilmington Savings Fund Society
Delaware
– -$359K -16,601 Closed
VKH
97
Virtu KCG Holdings
New York
– -$310K -14,330 Closed
EAM
98
Eventide Asset Management
Massachusetts
– -$302K -14,000 Closed
BB
99
Busey Bank
Illinois
– -$280K -12,951 Closed
GWS
100
Glassman Wealth Services
Virginia
– -$135K -6,230 Closed
1 2 3
4
5

BBN Hedge Fund Activity: Q1 2017 in Review

87 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2017, worth a combined $163M — up 2.3% from $159M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BBN and 10 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 35 added.

The largest buyer was Ameriprise, opening a new position worth an estimated $7.51M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $9.73M.

  • 87 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2017, down from 92 in Q4 2016.
  • Funds reported $163M of BlackRock Taxable Municipal Bond Trust stock for Q1 2017, up 2.3% quarter-over-quarter.
  • 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2017 and 14 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2017 was Ameriprise, an estimated $7.51M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2017 was AmeriServ Wealth Advisors, an estimated $9.73M sold.

Based on aggregated 13F filings for Q1 2017.