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BlackRock Taxable Municipal Bond Trust
BBN

114 hedge funds and large institutions have $300M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 26

31% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 13

4% more funds holding

Funds holding: 110 → 114 (+4)

0% more capital invested

Capital invested by funds: $299M → $300M (+$994K)

0.87% less ownership

Funds ownership: 21.15% → 20.27% (-0.87%)

Holders
114
Holders Change
+4
Holders Change %
+3.64%
% of All Funds
2.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
35
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HH
Hilltop Holdings
Texas
+$2.03M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.37M
3
IWM
IHT Wealth Management
Illinois
+$1.37M
4
SIC
Samalin Investment Counsel
New York
+$1.32M
5
Ameriprise
Ameriprise
Minnesota
+$1.18M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$16.8M
2
Stifel Financial
Stifel Financial
Missouri
-$2.01M
3
CA
Cetera Advisors
Colorado
-$1.63M
4
NL
NWAM LLC
Washington
-$1.61M
5
Morgan Stanley
Morgan Stanley
New York
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
76
Lazard Asset Management
New York
$241K – – –
SFSIG
77
San Francisco Sentry Investment Group
California
$240K -$115K -4,440 -32%
WS
78
Wedbush Securities
California
$231K -$4.1K -158 -2%
Cetera Investment Advisers
79
Cetera Investment Advisers
Illinois
$225K -$3.14K -121 -1%
PWSG
80
Pacific Wealth Strategies Group
California
$220K – – –
RJT
81
Raymond James Trust
Florida
$206K -$57.5K -2,215 -22%
OA
82
Oxbow Advisors
Texas
$204K +$204K +7,855 New
CIA
83
Capital Investment Advisors
Georgia
$203K +$203K +7,838 New
SPIA
84
Steward Partners Investment Advisory
New York
$187K +$57.5K +2,217 +44%
CFD
85
Creative Financial Designs
Indiana
$162K +$41K +1,582 +34%
SBL
86
Sargent Bickham Lagudis
Colorado
$113K – – –
APA
87
American Portfolios Advisors
New York
$105K – – –
BFC
88
Bedel Financial Consulting
Indiana
$104K – – –
BEI
89
Benjamin Edwards Inc
Missouri
$65K – – –
Citigroup
90
Citigroup
New York
$63K -$376K -14,497 -86%
CHAM
91
Clear Harbor Asset Management
Connecticut
$59.6K +$59.7K +2,300 New
BFEC
92
Benjamin F. Edwards & Company
Missouri
$57K – – –
NSIM
93
North Star Investment Management
Illinois
$55K – – –
PFS
94
Prospera Financial Services
Texas
$52K +$51.9K +2,000 New
US Bancorp
95
US Bancorp
Minnesota
$49K -$5.19K -200 -10%
SIM
96
Sonora Investment Management
Arizona
$39K – – –
HIA
97
Harbor Investment Advisory
Maryland
$31K – – –
PA
98
Parallel Advisors
California
$31K – – –
DSC
99
Duncker Streett & Co
Missouri
$26K – – –
Fifth Third Bancorp
100
Fifth Third Bancorp
Ohio
$26K – – –
2 3
4
5 6

BBN Hedge Fund Activity: Q3 2020 in Review

114 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2020, worth a combined $300M — up 0.33% from $299M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBN positions and 13 closed out — a net gain of 4 holders — while 35 added to existing stakes and 26 trimmed.

The largest buyer was Hilltop Holdings, adding an estimated $2.03M. The largest seller was Sit Investment Associates, cutting an estimated $16.8M.

  • 114 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2020, up from 110 in Q2 2020.
  • Funds reported $300M of BlackRock Taxable Municipal Bond Trust stock for Q3 2020, up 0.33% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2020 and 13 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2020 was Hilltop Holdings, an estimated $2.03M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2020 was Sit Investment Associates, an estimated $16.8M sold.

Based on aggregated 13F filings for Q3 2020.