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BlackRock Taxable Municipal Bond Trust
BBN

97 hedge funds and large institutions have $142M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

550% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 2

71% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 21

11% more funds holding

Funds holding: 87 → 97 (+10)

1.93% less ownership

Funds ownership: 12.73% → 10.81% (-1.9%)

13% less capital invested

Capital invested by funds: $163M → $142M (-$21.2M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
97
Holders Change
+10
Holders Change %
+11.49%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
36
Reduced
21
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.8M
2
Wells Fargo
Wells Fargo
California
+$644K
3
SG Americas Securities
SG Americas Securities
New York
+$630K
4
DA
Doliver Advisors
Texas
+$501K
5
Millennium Management
Millennium Management
New York
+$460K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$4.26M
2
BIM
Baldwin Investment Management
Pennsylvania
-$212K
3
Invesco
Invesco
Georgia
-$173K
4
FFA
First Foundation Advisors
California
-$156K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$146K
Name Holding Trade Value Shares
Change 		Change in
Stake
SSB
76
Sandy Spring Bank
Maryland
$88K – – –
OSNBOA
77
Old Second National Bank of Aurora
Illinois
$74K +$50.6K +2,223 +223%
SPIA
78
Steward Partners Investment Advisory
New York
$57K – – –
AIM
79
Advantage Investment Management
Iowa
$57K +$843 +37 +2%
MCIA
80
Mountain Capital Investment Advisors
Colorado
$40K +$39.6K +1,737 New
DSC
81
Duncker Streett & Co
Missouri
$34K – – –
SQA
82
Simon Quick Advisors
New Jersey
$33K -$12.1K -531 -27%
FPS
83
Fieldpoint Private Securities
Connecticut
$30K – – –
Fifth Third Bancorp
84
Fifth Third Bancorp
Ohio
$27K – – –
NA
85
NewEdge Advisors
Louisiana
$26.8K +$26.5K +1,165 New
PFBT
86
Parkside Financial Bank & Trust
Missouri
$25K +$25.1K +1,100 New
AC
87
Alexandria Capital
Virginia
$24K +$410 +18 +2%
US Bancorp
88
US Bancorp
Minnesota
$23K – – –
WT
89
Whittier Trust
California
$23K – – –
SIM
90
Sonora Investment Management
Arizona
$22.9K – – –
PCM
91
Penserra Capital Management
California
$20K +$1.84K +81 +10%
AWM
92
Avior Wealth Management
Nebraska
$16K – – –
BFEC
93
Benjamin F. Edwards & Company
Missouri
$11K – – –
CHC
94
City Holding Co
West Virginia
$10K – – –
CFA
95
Carroll Financial Associates
North Carolina
$6K – – –
WTB
96
Washington Trust Bank
Washington
$5K – – –
HR
97
Howe & Rusling
New York
$3K – – –
KF
98
Krilogy Financial
Missouri
$1K – – –
WAMC
99
Western Asset Management Company
California
$1K +$319 +14 New
SEI Investments
100
SEI Investments
Pennsylvania
$1K +$1.14K +50 New
1 2 3
4
5

BBN Hedge Fund Activity: Q2 2017 in Review

97 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2017, worth a combined $142M — down 13% from $163M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BBN positions and 2 closed out — a net gain of 11 holders — while 36 added to existing stakes and 21 trimmed.

The largest buyer was Ameriprise, adding an estimated $1.8M. The largest seller was LPL Financial, cutting an estimated $4.26M.

  • 97 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2017, up from 87 in Q1 2017.
  • Funds reported $142M of BlackRock Taxable Municipal Bond Trust stock for Q2 2017, down 13% quarter-over-quarter.
  • 13 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2017 and 2 closed out, a net change of +11 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2017 was Ameriprise, an estimated $1.8M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2017 was LPL Financial, an estimated $4.26M sold.

Based on aggregated 13F filings for Q2 2017.