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BlackRock Taxable Municipal Bond Trust
BBN

95 hedge funds and large institutions have $166M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

3% more funds holding

Funds holding: 92 → 95 (+3)

1% more capital invested

Capital invested by funds: $165M → $166M (+$1.38M)

0.45% more ownership

Funds ownership: 12.78% → 13.23% (+0.45%)

3% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 30

Holders
95
Holders Change
+3
Holders Change %
+3.26%
% of All Funds
2.17%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
13
Increased
29
Reduced
30
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
+$9.67M
2
CA
Cornerstone Advisory
Maryland
+$3.34M
3
Stifel Financial
Stifel Financial
Missouri
+$1.72M
4
DA
Doliver Advisors
Texas
+$1.55M
5
LPL Financial
LPL Financial
California
+$701K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$8.75M
2
Goldman Sachs
Goldman Sachs
New York
-$7.77M
3
Ameriprise
Ameriprise
Minnesota
-$3.05M
4
Wells Fargo
Wells Fargo
California
-$1.28M
5
PAA
Peregrine Asset Advisers
Oregon
-$814K
Name Holding Trade Value Shares
Change 		Change in
Stake
CF
76
Centaurus Financial
California
$69K +$68.7K +3,132 New
SPIA
77
Steward Partners Investment Advisory
New York
$55K – – –
DSC
78
Duncker Streett & Co
Missouri
$27K – – –
QCIG
79
Quad-Cities Investment Group
Iowa
$27K +$26.9K +1,225 New
MIM
80
Macroview Investment Management
Maryland
$25K +$25.1K +1,146 New
Fifth Third Bancorp
81
Fifth Third Bancorp
Ohio
$22K – – –
US Bancorp
82
US Bancorp
Minnesota
$22K – – –
WT
83
Whittier Trust
California
$22K – – –
APA
84
American Portfolios Advisors
New York
$12.6K – – –
RCAG
85
Rehmann Capital Advisory Group
Michigan
$11.1K – – –
WTB
86
Washington Trust Bank
Washington
$11K – – –
SEI Investments
87
SEI Investments
Pennsylvania
$10K -$43.9K -2,000 -82%
BFEC
88
Benjamin F. Edwards & Company
Missouri
$10K – – –
PO
89
Private Ocean
California
$10K – – –
CAC
90
Certified Advisory Corp
Florida
$8K +$154 +7 +2%
CFA
91
Carroll Financial Associates
North Carolina
$6K – – –
WAP
92
Wealthcare Advisory Partners
Pennsylvania
$4K +$66 +3 +2%
HR
93
Howe & Rusling
New York
$3K – – –
BWM
94
Baystate Wealth Management
Massachusetts
$2K +$22 +1 +1%
WAMC
95
Western Asset Management Company
California
$1K – – –
FRA
96
Front Row Advisors
California
$893 -$31.3K -1,425 -3%
PMG
97
ProVise Management Group
Florida
$324 – – –
Goldman Sachs
98
Goldman Sachs
New York
– -$7.77M -344,865 Closed
PAA
99
Peregrine Asset Advisers
Oregon
– -$814K -36,140 Closed
PAG
100
Private Advisor Group
New Jersey
– -$582K -25,864 Closed
1 2 3
4
5

BBN Hedge Fund Activity: Q2 2018 in Review

95 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2018, worth a combined $166M — up 0.84% from $165M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BBN positions and 7 closed out — a net gain of 6 holders — while 29 added to existing stakes and 30 trimmed.

The largest buyer was Oxbow Advisors, opening a new position worth an estimated $9.67M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $8.75M.

  • 95 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2018, up from 92 in Q1 2018.
  • Funds reported $166M of BlackRock Taxable Municipal Bond Trust stock for Q2 2018, up 0.84% quarter-over-quarter.
  • 13 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2018 and 7 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2018 was Oxbow Advisors, an estimated $9.67M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2018 was AmeriServ Wealth Advisors, an estimated $8.75M sold.

Based on aggregated 13F filings for Q2 2018.