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BlackRock Taxable Municipal Bond Trust
BBN

128 hedge funds and large institutions have $374M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 47 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 29

8% more capital invested

Capital invested by funds: $345M → $374M (+$29M)

0.11% more ownership

Funds ownership: 24.8% → 24.91% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less funds holding

Funds holding: 129 → 128 (-1)

7% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 15

Holders
128
Holders Change
-1
Holders Change %
-0.78%
% of All Funds
2.23%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
47
Reduced
29
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$3.74M
2
RCA
Reitz Capital Advisors
Michigan
+$2.68M
3
Invesco
Invesco
Georgia
+$2.38M
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$2.07M
5
LPL Financial
LPL Financial
California
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$3.77M
2
SB
Simmons Bank
Arkansas
-$2.5M
3
LGA
Lebenthal Global Advisors
New York
-$2.02M
4
FFA
First Foundation Advisors
California
-$883K
5
BRWA
B. Riley Wealth Advisors
Florida
-$848K
Name Holding Trade Value Shares
Change 		Change in
Stake
SP
76
Successful Portfolios
Florida
$316K – – –
Cetera Investment Advisers
77
Cetera Investment Advisers
Illinois
$309K +$5.88K +235 +2%
PG
78
Patten Group
Tennessee
$309K +$14.6K +585 +5%
PWM
79
PRW Wealth Management
Massachusetts
$309K +$300K +11,985 New
WKWM
80
Walter & Keenan Wealth Management
Indiana
$304K – – –
OC
81
Oppenheimer & Co
New York
$294K – – –
BTWM
82
Baker Tilly Wealth Management
Wisconsin
$291K -$246K -9,853 -47%
VWA
83
VERITY Wealth Advisors
United States
$276K – – –
SWM
84
Spire Wealth Management
Virginia
$270K +$17.5K +700 +7%
KPWS
85
Kestra Private Wealth Services
Texas
$258K – – –
PCM
86
Poehling Capital Management
Wisconsin
$258K – – –
Lido Advisors
87
Lido Advisors
California
$255K – – –
NA
88
Nottingham Advisors
New York
$255K – – –
Truist Financial
89
Truist Financial
North Carolina
$245K – – –
OBWG
90
Onyx Bridge Wealth Group
New York
$241K +$233K +9,300 New
Lazard Asset Management
91
Lazard Asset Management
New York
$239K – – –
PWSG
92
Pacific Wealth Strategies Group
California
$219K – – –
HIP
93
HUB Investment Partners
Texas
$211K +$901 +36 +0.4%
CC
94
Constitution Capital
Connecticut
$207K -$27.5K -1,100 -12%
AWM
95
Aevitas Wealth Management
Massachusetts
$205K +$199K +7,969 New
Northwestern Mutual Wealth Management
96
Northwestern Mutual Wealth Management
Wisconsin
$196K -$46.9K -1,873 -20%
WAM
97
Wolverine Asset Management
Illinois
$151K +$147K +5,862 New
APA
98
American Portfolios Advisors
New York
$118K +$12.5K +500 +12%
BFC
99
Bedel Financial Consulting
Indiana
$103K – – –
FIA
100
FNY Investment Advisers
New York
$90K -$56.4K -2,256 -39%
2 3
4
5 6

BBN Hedge Fund Activity: Q2 2021 in Review

128 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2021, worth a combined $374M — up 8.4% from $345M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of BBN and 14 opened new positions — a net loss of 1 holder — while 29 trimmed existing stakes and 47 added.

The largest buyer was UBS Group, adding an estimated $3.74M. The largest seller was Northern Trust, cutting an estimated $3.77M.

  • 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2021, down from 129 in Q1 2021.
  • Funds reported $374M of BlackRock Taxable Municipal Bond Trust stock for Q2 2021, up 8.4% quarter-over-quarter.
  • 14 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2021 and 15 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2021 was UBS Group, an estimated $3.74M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2021 was Northern Trust, an estimated $3.77M sold.

Based on aggregated 13F filings for Q2 2021.