We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

99 hedge funds and large institutions have $201M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 35 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 22

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

7% more capital invested

Capital invested by funds: $187M → $201M (+$13.8M)

1% more funds holding

Funds holding: 98 → 99 (+1)

0.21% more ownership

Funds ownership: 14.59% → 14.8% (+0.21%)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
99
Holders Change
+1
Holders Change %
+1.02%
% of All Funds
2.15%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
12
Increased
35
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.8M
2
Ameriprise
Ameriprise
Minnesota
+$3.35M
3
PCIA
Prime Capital Investment Advisors
Kansas
+$2.21M
4
CA
Cetera Advisors
Colorado
+$1.34M
5
UBS Group
UBS Group
Switzerland
+$972K

Top Sellers

Rank Fund Capital Flow
1
GFPC
Global Financial Private Capital
Florida
-$4.91M
2
HH
Hilltop Holdings
Texas
-$1.72M
3
FEG
Financial Enhancement Group
Indiana
-$969K
4
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$725K
5
CRC
Curi RMB Capital
Illinois
-$393K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
76
Bank of Montreal
Ontario, Canada
$119K -$37.1K -1,605 -24%
OSNBOA
77
Old Second National Bank of Aurora
Illinois
$104K – – –
APA
78
American Portfolios Advisors
New York
$96.5K +$13.9K +600 +17%
TIM
79
Tortoise Investment Management
New York
$96K -$187K -8,080 -67%
BFC
80
Bedel Financial Consulting
Indiana
$95K – – –
RCC
81
Red Cedar Capital
Nebraska
$79K – – –
FIA
82
FNY Investment Advisers
New York
$70K -$185K -8,017 -73%
BEI
83
Benjamin Edwards Inc
Missouri
$65K – – –
US Bancorp
84
US Bancorp
Minnesota
$54K +$29.3K +1,270 +127%
TC
85
Trust Company
Kansas
$47K +$45.9K +1,988 New
TFS
86
TrustCore Financial Services
Tennessee
$45K – – –
ARMC
87
American Research & Management Company
Massachusetts
$33K – – –
FPS
88
Fieldpoint Private Securities
Connecticut
$31K – – –
DSC
89
Duncker Streett & Co
Missouri
$28K – – –
Fifth Third Bancorp
90
Fifth Third Bancorp
Ohio
$24K – – –
WT
91
Whittier Trust
California
$24K – – –
AIM
92
Advantage Investment Management
Iowa
$20K -$57.2K -2,478 -75%
CFB
93
Cullen/Frost Bankers
Texas
$16K -$27.7K -1,200 -64%
SIM
94
Sonora Investment Management
Arizona
$13K +$12.6K +545 New
OIA
95
Optimum Investment Advisors
Illinois
$12K – – –
RCAG
96
Rehmann Capital Advisory Group
Michigan
$11.9K – – –
BFEC
97
Benjamin F. Edwards & Company
Missouri
$11K – – –
CAL
98
Capital Analysts LLC
Pennsylvania
$9K +$8.68K +376 New
CFA
99
Carroll Financial Associates
North Carolina
$7K – – –
AF
100
Allworth Financial
California
$3K – – –
1 2 3
4
5

BBN Hedge Fund Activity: Q2 2019 in Review

99 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2019, worth a combined $201M — up 7.4% from $187M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 9 closed out — a net gain of 3 holders — while 35 added to existing stakes and 22 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.8M. The largest seller was Global Financial Private Capital, exiting entirely with an estimated $4.91M sold.

  • 99 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2019, up from 98 in Q1 2019.
  • Funds reported $201M of BlackRock Taxable Municipal Bond Trust stock for Q2 2019, up 7.4% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2019 and 9 closed out, a net change of +3 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2019 was Morgan Stanley, an estimated $3.8M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2019 was Global Financial Private Capital, an estimated $4.91M sold.

Based on aggregated 13F filings for Q2 2019.