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BlackRock Taxable Municipal Bond Trust
BBN

144 hedge funds and large institutions have $404M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

256% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 9

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

29% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 34

17% more funds holding

Funds holding: 123 → 144 (+21)

6% more capital invested

Capital invested by funds: $380M → $404M (+$23.6M)

1.14% more ownership

Funds ownership: 25% → 26.14% (+1.1%)

Holders
144
Holders Change
+21
Holders Change %
+17.07%
% of All Funds
2.22%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
32
Increased
44
Reduced
34
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FNBSF
First National Bank Sioux Falls
South Dakota
+$2.43M
2
Citadel Advisors
Citadel Advisors
Florida
+$2.19M
3
LPL Financial
LPL Financial
California
+$1.46M
4
Morgan Stanley
Morgan Stanley
New York
+$1.13M
5
Wells Fargo
Wells Fargo
California
+$868K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$6.19M
2
RCA
Reitz Capital Advisors
Michigan
-$1.08M
3
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$1.06M
4
RJA
Raymond James & Associates
Florida
-$1.03M
5
TC
TownSquare Capital
Utah
-$937K
Name Holding Trade Value Shares
Change 		Change in
Stake
EIA
76
Edgemoor Investment Advisors
Maryland
$349K – – –
LP
77
Lloyd Park
Illinois
$344K +$339K +13,145 New
HNWAG
78
High Net Worth Advisory Group
Florida
$338K +$333K +12,900 New
TGAM
79
TBH Global Asset Management
Tennessee
$335K – – –
DADC
80
D.A. Davidson & Co
Montana
$332K +$27.1K +1,050 +9%
PG
81
Patten Group
Tennessee
$329K – – –
PAA
82
Peregrine Asset Advisers
Oregon
$323K -$25.1K -973 -7%
SP
83
Successful Portfolios
Florida
$318K -$2.58K -100 -0.8%
BTWM
84
Baker Tilly Wealth Management
Wisconsin
$309K -$11.1K -430 -4%
WKWM
85
Walter & Keenan Wealth Management
Indiana
$309K – – –
CPSC
86
Carl P. Sherr & Co
Massachusetts
$309K +$305K +11,810 New
Cetera Investment Advisers
87
Cetera Investment Advisers
Illinois
$308K +$129 +5 +0%
BOPW
88
Brandywine Oak Private Wealth
Pennsylvania
$305K -$37.9K -1,470 -11%
MA
89
MKT Advisors
California
$298K +$319K +12,371 New
VWA
90
VERITY Wealth Advisors
United States
$280K – – –
SWM
91
Spire Wealth Management
Virginia
$275K -$51.6K -2,000 -16%
BFO
92
Biltmore Family Office
North Carolina
$263K +$258K +10,000 New
KPWS
93
Kestra Private Wealth Services
Texas
$262K – – –
PCM
94
Poehling Capital Management
Wisconsin
$262K – – –
QC
95
Quent Capital
New York
$262K +$258K +10,000 New
NA
96
Nottingham Advisors
New York
$259K – – –
Lido Advisors
97
Lido Advisors
California
$258K – – –
Truist Financial
98
Truist Financial
North Carolina
$255K -$12.5K -483 -5%
DA
99
DCM Advisors
New York
$254K -$716K -27,749 -74%
AAS
100
Avantax Advisory Services
Texas
$247K +$155 +6 +0.1%
2 3
4
5 6

BBN Hedge Fund Activity: Q4 2021 in Review

144 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2021, worth a combined $404M — up 6.2% from $380M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BBN positions and 9 closed out — a net gain of 23 holders — while 44 added to existing stakes and 34 trimmed.

The largest buyer was First National Bank Sioux Falls, opening a new position worth an estimated $2.43M. The largest seller was UBS Group, cutting an estimated $6.19M.

  • 144 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2021, up from 123 in Q3 2021.
  • Funds reported $404M of BlackRock Taxable Municipal Bond Trust stock for Q4 2021, up 6.2% quarter-over-quarter.
  • 32 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2021 and 9 closed out, a net change of +23 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2021 was First National Bank Sioux Falls, an estimated $2.43M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2021 was UBS Group, an estimated $6.19M sold.

Based on aggregated 13F filings for Q4 2021.