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BlackRock Taxable Municipal Bond Trust
BBN

93 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 24

3% more capital invested

Capital invested by funds: $142M → $145M (+$3.71M)

0.06% more ownership

Funds ownership: 10.81% → 10.87% (+0.06%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 97 → 93 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
93
Holders Change
-4
Holders Change %
-4.12%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
35
Reduced
24
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$3.07M
2
Morgan Stanley
Morgan Stanley
New York
+$2.26M
3
GFPC
Global Financial Private Capital
Florida
+$2.07M
4
ECM
Evergreen Capital Management
Washington
+$816K
5
William Blair & Company
William Blair & Company
Illinois
+$637K

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.37M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
Invesco
Invesco
Georgia
-$1.55M
4
SIA
Sit Investment Associates
Minnesota
-$1.47M
5
SG Americas Securities
SG Americas Securities
New York
-$634K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
76
Advantage Investment Management
Iowa
$61K +$3.21K +137 +6%
SPIA
77
Steward Partners Investment Advisory
New York
$58K – – –
SEI Investments
78
SEI Investments
Pennsylvania
$48K +$46.9K +2,000 +4,000%
MCIA
79
Mountain Capital Investment Advisors
Colorado
$41K +$703 +30 +2%
DSC
80
Duncker Streett & Co
Missouri
$35K – – –
SQA
81
Simon Quick Advisors
New Jersey
$33K – – –
FPS
82
Fieldpoint Private Securities
Connecticut
$30K – – –
Fifth Third Bancorp
83
Fifth Third Bancorp
Ohio
$28K – – –
AC
84
Alexandria Capital
Virginia
$25K +$422 +18 +2%
WT
85
Whittier Trust
California
$24K – – –
US Bancorp
86
US Bancorp
Minnesota
$23K – – –
IWM
87
IHT Wealth Management
Illinois
$21K – – –
PCM
88
Penserra Capital Management
California
$17K -$3.17K -135 -15%
AWM
89
Avior Wealth Management
Nebraska
$16K – – –
BFEC
90
Benjamin F. Edwards & Company
Missouri
$11K – – –
CHC
91
City Holding Co
West Virginia
$11K – – –
WTB
92
Washington Trust Bank
Washington
$11K +$5.35K +228 +100%
CFA
93
Carroll Financial Associates
North Carolina
$7K – – –
WAP
94
Wealthcare Advisory Partners
Pennsylvania
$4K +$4.24K +181 New
HR
95
Howe & Rusling
New York
$3K – – –
WAMC
96
Western Asset Management Company
California
$1K – – –
SG Americas Securities
97
SG Americas Securities
New York
– -$634K -27,661 Closed
Millennium Management
98
Millennium Management
New York
– -$463K -20,192 Closed
SAM
99
SignalPoint Asset Management
Missouri
– -$432K -18,881 Closed
CCWA
100
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
– -$300K -13,083 Closed
1 2 3
4
5

BBN Hedge Fund Activity: Q3 2017 in Review

93 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2017, worth a combined $145M — up 2.6% from $142M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BBN and 8 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 35 added.

The largest buyer was Ameriprise, adding an estimated $3.07M. The largest seller was Bank of New York Mellon, cutting an estimated $2.37M.

  • 93 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2017, down from 97 in Q2 2017.
  • Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2017, up 2.6% quarter-over-quarter.
  • 8 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2017 and 12 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2017 was Ameriprise, an estimated $3.07M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2017 was Bank of New York Mellon, an estimated $2.37M sold.

Based on aggregated 13F filings for Q3 2017.