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BlackRock Taxable Municipal Bond Trust
BBN

110 hedge funds and large institutions have $299M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 26

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

26% more capital invested

Capital invested by funds: $238M → $299M (+$61.4M)

5% more funds holding

Funds holding: 105 → 110 (+5)

1.86% more ownership

Funds ownership: 19.29% → 21.15% (+1.9%)

Holders
110
Holders Change
+5
Holders Change %
+4.76%
% of All Funds
2.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
37
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$17.3M
2
JWCA
J.W. Cole Advisors
Florida
+$5.31M
3
Ameriprise
Ameriprise
Minnesota
+$4.12M
4
Morgan Stanley
Morgan Stanley
New York
+$3.23M
5
UBS Group
UBS Group
Switzerland
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$3.47M
2
HH
Hilltop Holdings
Texas
-$2.26M
3
CA
Cetera Advisors
Colorado
-$1.75M
4
PCIA
Prime Capital Investment Advisors
Kansas
-$1.61M
5
LCM
Landscape Capital Management
New Jersey
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
76
MML Investors Services
Massachusetts
$227K +$213K +9,097 New
WS
77
Wedbush Securities
California
$226K +$213K +9,088 New
Cetera Investment Advisers
78
Cetera Investment Advisers
Illinois
$219K -$217K -9,245 -51%
PWSG
79
Pacific Wealth Strategies Group
California
$212K +$199K +8,500 New
SPIA
80
Steward Partners Investment Advisory
New York
$125K +$117K +5,014 New
CFD
81
Creative Financial Designs
Indiana
$117K +$110K +4,676 New
BI
82
Bramshill Investments
Florida
$115K +$108K +4,630 New
OSNBOA
83
Old Second National Bank of Aurora
Illinois
$110K – – –
SBL
84
Sargent Bickham Lagudis
Colorado
$109K – – –
APA
85
American Portfolios Advisors
New York
$101K – – –
BFC
86
Bedel Financial Consulting
Indiana
$100K – – –
GAM
87
Gemmer Asset Management
California
$75K +$70.6K +3,011 New
BEI
88
Benjamin Edwards Inc
Missouri
$62K – – –
BFEC
89
Benjamin F. Edwards & Company
Missouri
$55K – – –
NSIM
90
North Star Investment Management
Illinois
$53K – – –
US Bancorp
91
US Bancorp
Minnesota
$52K +$28.1K +1,200 +133%
SIM
92
Sonora Investment Management
Arizona
$37K +$35.2K +1,500 New
ARMC
93
American Research & Management Company
Massachusetts
$35K +$32.8K +1,400 New
TRCT
94
Tower Research Capital (TRC)
New York
$32K +$29.9K +1,277 New
HIA
95
Harbor Investment Advisory
Maryland
$30K – – –
PA
96
Parallel Advisors
California
$29K – – –
Fifth Third Bancorp
97
Fifth Third Bancorp
Ohio
$25K -$16.9K -720 -42%
DSC
98
Duncker Streett & Co
Missouri
$25K – – –
WT
99
Whittier Trust
California
$25K – – –
PAM
100
Panagora Asset Management
Massachusetts
$20K – – –
1 2 3
4
5

BBN Hedge Fund Activity: Q2 2020 in Review

110 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2020, worth a combined $299M — up 26% from $238M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BBN positions and 13 closed out — a net gain of 5 holders — while 37 added to existing stakes and 26 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17.3M. The largest seller was Invesco, cutting an estimated $3.47M.

  • 110 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2020, up from 105 in Q1 2020.
  • Funds reported $299M of BlackRock Taxable Municipal Bond Trust stock for Q2 2020, up 26% quarter-over-quarter.
  • 18 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2020 and 13 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2020 was Sit Investment Associates, an estimated $17.3M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2020 was Invesco, an estimated $3.47M sold.

Based on aggregated 13F filings for Q2 2020.