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BlackRock Taxable Municipal Bond Trust
BBN

92 hedge funds and large institutions have $165M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.49% less ownership

Funds ownership: 13.27% → 12.78% (-0.49%)

6% less capital invested

Capital invested by funds: $176M → $165M (-$11.1M)

12% less funds holding

Funds holding: 105 → 92 (-13)

65% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 20

Holders
92
Holders Change
-13
Holders Change %
-12.38%
% of All Funds
2.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
41
Reduced
18
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$7.68M
2
CA
Cornerstone Advisory
Maryland
+$5.86M
3
LPL Financial
LPL Financial
California
+$1.4M
4
UBS Group
UBS Group
Switzerland
+$924K
5
Invesco
Invesco
Georgia
+$451K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$13.5M
2
Ameriprise
Ameriprise
Minnesota
-$2.83M
3
Morgan Stanley
Morgan Stanley
New York
-$1.47M
4
SIA
Sit Investment Associates
Minnesota
-$1.21M
5
Wells Fargo
Wells Fargo
California
-$874K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
76
Steward Partners Investment Advisory
New York
$56K – – –
SEI Investments
77
SEI Investments
Pennsylvania
$55K +$8.9K +400 +20%
FPS
78
Fieldpoint Private Securities
Connecticut
$29K – – –
DSC
79
Duncker Streett & Co
Missouri
$27K – – –
Fifth Third Bancorp
80
Fifth Third Bancorp
Ohio
$23K -$4.45K -200 -17%
US Bancorp
81
US Bancorp
Minnesota
$23K – – –
WT
82
Whittier Trust
California
$23K – – –
IWM
83
IHT Wealth Management
Illinois
$20K – – –
WAM
84
Wealthspire Advisors (Maryland)
Maryland
$18K – – –
APA
85
American Portfolios Advisors
New York
$12.8K – – –
BFEC
86
Benjamin F. Edwards & Company
Missouri
$11K – – –
WTB
87
Washington Trust Bank
Washington
$11K +$1.16K +52 +11%
RCAG
88
Rehmann Capital Advisory Group
Michigan
$11K +$11.1K +500 New
PO
89
Private Ocean
California
$9K +$9.64K +433 New
CAC
90
Certified Advisory Corp
Florida
$7K +$89 +4 +1%
CFA
91
Carroll Financial Associates
North Carolina
$6K – – –
WAP
92
Wealthcare Advisory Partners
Pennsylvania
$4K +$89 +4 +2%
HR
93
Howe & Rusling
New York
$3K – – –
BWM
94
Baystate Wealth Management
Massachusetts
$2K +$2.34K +105 New
WAMC
95
Western Asset Management Company
California
$1K – – –
SIA
96
Sit Investment Associates
Minnesota
– -$1.21M -52,140 Closed
IH
97
IFC Holdings
Florida
– -$673K -28,943 Closed
CCP
98
Corient Capital Partners
California
– -$644K -27,750 Closed
HCM
99
Hollencrest Capital Management
California
– -$639K -27,559 Closed
DA
100
Doliver Advisors
Texas
– -$510K -22,007 Closed
1 2 3
4
5

BBN Hedge Fund Activity: Q1 2018 in Review

92 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2018, worth a combined $165M — down 6.3% from $176M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of BBN and 7 opened new positions — a net loss of 13 holders — while 18 trimmed existing stakes and 41 added.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $7.68M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $13.5M.

  • 92 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2018, down from 105 in Q4 2017.
  • Funds reported $165M of BlackRock Taxable Municipal Bond Trust stock for Q1 2018, down 6.3% quarter-over-quarter.
  • 7 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2018 and 20 closed out, a net change of -13 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2018 was Goldman Sachs, an estimated $7.68M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2018 was AmeriServ Wealth Advisors, an estimated $13.5M sold.

Based on aggregated 13F filings for Q1 2018.