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BlackRock Taxable Municipal Bond Trust
BBN

123 hedge funds and large institutions have $380M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 35 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 35

2% more capital invested

Capital invested by funds: $374M → $380M (+$6.24M)

0.09% more ownership

Funds ownership: 24.91% → 25% (+0.09%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 128 → 123 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
123
Holders Change
-5
Holders Change %
-3.91%
% of All Funds
2.15%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
12
Increased
43
Reduced
35
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$4.63M
2
Morgan Stanley
Morgan Stanley
New York
+$3.12M
3
LPL Financial
LPL Financial
California
+$2.45M
4
Invesco
Invesco
Georgia
+$1.73M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.3M

Top Sellers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
-$2.78M
2
FNBSF
First National Bank Sioux Falls
South Dakota
-$2.42M
3
ASN
Advisory Services Network
Georgia
-$1.09M
4
TC
TownSquare Capital
Utah
-$1.01M
5
Wells Fargo
Wells Fargo
California
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CTC
76
Central Trust Company
Missouri
$309K +$316K +12,009 New
SPC
77
Sigma Planning Corp
Michigan
$309K +$316K +12,012 New
WKWM
78
Walter & Keenan Wealth Management
Indiana
$304K – – –
Cetera Investment Advisers
79
Cetera Investment Advisers
Illinois
$303K -$5.97K -227 -2%
AWM
80
AE Wealth Management
Kansas
$302K -$18.5K -705 -6%
DADC
81
D.A. Davidson & Co
Montana
$300K +$306K +11,647 New
OC
82
Oppenheimer & Co
New York
$294K – – –
VWA
83
VERITY Wealth Advisors
United States
$275K – – –
Truist Financial
84
Truist Financial
North Carolina
$263K +$18.6K +708 +7%
KPWS
85
Kestra Private Wealth Services
Texas
$258K – – –
PCM
86
Poehling Capital Management
Wisconsin
$258K – – –
Lido Advisors
87
Lido Advisors
California
$254K – – –
NA
88
Nottingham Advisors
New York
$254K – – –
AAS
89
Avantax Advisory Services
Texas
$244K +$248K +9,443 New
Lazard Asset Management
90
Lazard Asset Management
New York
$239K – – –
OBWG
91
Onyx Bridge Wealth Group
New York
$237K – – –
Northwestern Mutual Wealth Management
92
Northwestern Mutual Wealth Management
Wisconsin
$233K +$38.1K +1,450 +19%
PWSG
93
Pacific Wealth Strategies Group
California
$219K – – –
AWM
94
Aevitas Wealth Management
Massachusetts
$208K +$2.81K +107 +1%
CC
95
Constitution Capital
Connecticut
$206K – – –
APA
96
American Portfolios Advisors
New York
$123K +$5.26K +200 +4%
BFC
97
Bedel Financial Consulting
Indiana
$103K – – –
SPIA
98
Steward Partners Investment Advisory
New York
$80K – – –
Citigroup
99
Citigroup
New York
$72K +$12.5K +476 +21%
NSIM
100
North Star Investment Management
Illinois
$54K – – –
2 3
4
5 6

BBN Hedge Fund Activity: Q3 2021 in Review

123 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2021, worth a combined $380M — up 1.7% from $374M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of BBN and 12 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 43 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $4.63M. The largest seller was First Foundation Advisors, cutting an estimated $2.78M.

  • 123 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2021, down from 128 in Q2 2021.
  • Funds reported $380M of BlackRock Taxable Municipal Bond Trust stock for Q3 2021, up 1.7% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2021 and 16 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2021 was Penserra Capital Management, an estimated $4.63M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2021 was First Foundation Advisors, an estimated $2.78M sold.

Based on aggregated 13F filings for Q3 2021.