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BlackRock Taxable Municipal Bond Trust
BBN

101 hedge funds and large institutions have $260M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 22

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

6% more capital invested

Capital invested by funds: $246M → $260M (+$14.1M)

3% more funds holding

Funds holding: 98 → 101 (+3)

1.27% more ownership

Funds ownership: 17.41% → 18.68% (+1.3%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
101
Holders Change
+3
Holders Change %
+3.06%
% of All Funds
1.99%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
12
Increased
38
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$4.32M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.49M
3
Morgan Stanley
Morgan Stanley
New York
+$2.36M
4
Invesco
Invesco
Georgia
+$2.07M
5
Wells Fargo
Wells Fargo
California
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$5.04M
2
HH
Hilltop Holdings
Texas
-$2.62M
3
PCIA
Prime Capital Investment Advisors
Kansas
-$434K
4
JG
Jefferies Group
New York
-$364K
5
Citigroup
Citigroup
New York
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
OSNBOA
76
Old Second National Bank of Aurora
Illinois
$107K – – –
SBL
77
Sargent Bickham Lagudis
Colorado
$106K +$105K +4,374 New
APA
78
American Portfolios Advisors
New York
$98.9K – – –
TIM
79
Tortoise Investment Management
New York
$98K – – –
BFC
80
Bedel Financial Consulting
Indiana
$97K – – –
SFS
81
Sowell Financial Services
Arkansas
$95K -$2.3K -96 -2%
BEI
82
Benjamin Edwards Inc
Missouri
$67K – – –
BFEC
83
Benjamin F. Edwards & Company
Missouri
$54K – – –
NSIM
84
North Star Investment Management
Illinois
$51K -$27K -1,125 -35%
ARMC
85
American Research & Management Company
Massachusetts
$34K – – –
TFS
86
TrustCore Financial Services
Tennessee
$33K -$12.6K -526 -28%
FPS
87
Fieldpoint Private Securities
Connecticut
$32K – – –
RFA
88
Reilly Financial Advisors
California
$30K +$29.9K +1,247 New
HIA
89
Harbor Investment Advisory
Maryland
$29K +$28.8K +1,200 New
FIA
90
FNY Investment Advisers
New York
$25K -$80.5K -3,362 -76%
CHAM
91
Clear Harbor Asset Management
Connecticut
$24.3K +$24K +1,000 New
Fifth Third Bancorp
92
Fifth Third Bancorp
Ohio
$24K – – –
WT
93
Whittier Trust
California
$24K – – –
DSC
94
Duncker Streett & Co
Missouri
$24K +$24K +1,000 New
PAM
95
Panagora Asset Management
Massachusetts
$17K -$23.3K -974 -58%
CWA
96
Capital Wealth Alliance
Arizona
$13K +$12K +500 New
OIA
97
Optimum Investment Advisors
Illinois
$12K – – –
PNC Financial Services Group
98
PNC Financial Services Group
Pennsylvania
$12K – – –
SL
99
Savior LLC
Massachusetts
$10K +$9.75K +407 New
CFA
100
Carroll Financial Associates
North Carolina
$7K – – –
1 2 3
4
5

BBN Hedge Fund Activity: Q4 2019 in Review

101 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2019, worth a combined $260M — up 5.8% from $246M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 7 closed out — a net gain of 5 holders — while 38 added to existing stakes and 22 trimmed.

The largest buyer was UBS Group, adding an estimated $4.32M. The largest seller was Ameriprise, cutting an estimated $5.04M.

  • 101 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2019, up from 98 in Q3 2019.
  • Funds reported $260M of BlackRock Taxable Municipal Bond Trust stock for Q4 2019, up 5.8% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2019 and 7 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2019 was UBS Group, an estimated $4.32M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2019 was Ameriprise, an estimated $5.04M sold.

Based on aggregated 13F filings for Q4 2019.