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BlackRock Taxable Municipal Bond Trust
BBN

105 hedge funds and large institutions have $238M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

4% more funds holding

Funds holding: 101 → 105 (+4)

0.61% more ownership

Funds ownership: 18.68% → 19.29% (+0.61%)

9% less capital invested

Capital invested by funds: $260M → $238M (-$22.3M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
105
Holders Change
+4
Holders Change %
+3.96%
% of All Funds
2.31%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
36
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$6.13M
2
Ameriprise
Ameriprise
Minnesota
+$3.72M
3
Bank of America
Bank of America
North Carolina
+$3.41M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
+$2.88M
5
LCM
Landscape Capital Management
New Jersey
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
HH
Hilltop Holdings
Texas
-$6.5M
2
JWCA
J.W. Cole Advisors
Florida
-$5.62M
3
FFA
First Foundation Advisors
California
-$1.51M
4
OA
Oxbow Advisors
Texas
-$1.2M
5
CA
Cetera Advisors
Colorado
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
76
Lazard Asset Management
New York
$202K – – –
SMFS
77
Squar Milner Financial Services
California
$178K +$32.3K +1,317 +19%
OSNBOA
78
Old Second National Bank of Aurora
Illinois
$96K – – –
SBL
79
Sargent Bickham Lagudis
Colorado
$95K – – –
APA
80
American Portfolios Advisors
New York
$88.6K – – –
BFC
81
Bedel Financial Consulting
Indiana
$87K – – –
FIA
82
FNY Investment Advisers
New York
$58K +$40.8K +1,663 +160%
BEI
83
Benjamin Edwards Inc
Missouri
$55K -$6.14K -250 -9%
BFEC
84
Benjamin F. Edwards & Company
Missouri
$48K – – –
NSIM
85
North Star Investment Management
Illinois
$46K – – –
Fifth Third Bancorp
86
Fifth Third Bancorp
Ohio
$37K +$17.7K +720 +72%
RFA
87
Reilly Financial Advisors
California
$31K – – –
TFS
88
TrustCore Financial Services
Tennessee
$30K – – –
HIA
89
Harbor Investment Advisory
Maryland
$26K – – –
PA
90
Parallel Advisors
California
$26K +$29.5K +1,200 New
DSC
91
Duncker Streett & Co
Missouri
$22K – – –
WT
92
Whittier Trust
California
$22K – – –
US Bancorp
93
US Bancorp
Minnesota
$20K +$18K +733 +439%
PAM
94
Panagora Asset Management
Massachusetts
$18K +$2.8K +114 +16%
PNC Financial Services Group
95
PNC Financial Services Group
Pennsylvania
$15K +$4.62K +188 +37%
SIS
96
Sound Income Strategies
Florida
$15K +$16.7K +680 New
MWM
97
MBE Wealth Management
Wisconsin
$13K +$15.7K +640 New
SFS
98
Sowell Financial Services
Arkansas
$12K -$82.3K -3,354 -86%
OIA
99
Optimum Investment Advisors
Illinois
$11K – – –
SL
100
Savior LLC
Massachusetts
$9K +$98 +4 +1%
1 2 3
4
5

BBN Hedge Fund Activity: Q1 2020 in Review

105 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2020, worth a combined $238M — down 8.6% from $260M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBN positions and 11 closed out — a net gain of 6 holders — while 36 added to existing stakes and 27 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $6.13M. The largest seller was Hilltop Holdings, cutting an estimated $6.5M.

  • 105 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2020, up from 101 in Q4 2019.
  • Funds reported $238M of BlackRock Taxable Municipal Bond Trust stock for Q1 2020, down 8.6% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2020 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2020 was Sit Investment Associates, an estimated $6.13M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2020 was Hilltop Holdings, an estimated $6.5M sold.

Based on aggregated 13F filings for Q1 2020.