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BlackRock Taxable Municipal Bond Trust
BBN

132 hedge funds and large institutions have $302M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

3% more funds holding

Funds holding: 128 → 132 (+4)

1.14% more ownership

Funds ownership: 25.51% → 26.65% (+1.1%)

9% less capital invested

Capital invested by funds: $332M → $302M (-$30.3M)

22% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 41

Holders
132
Holders Change
+4
Holders Change %
+3.13%
% of All Funds
2.22%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.07%
New
22
Increased
32
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FWM
Focused Wealth Management
New York
+$8.87M
2
Morgan Stanley
Morgan Stanley
New York
+$7.5M
3
UBS Group
UBS Group
Switzerland
+$5.46M
4
CFG
Cooper Financial Group
California
+$3.4M
5
Osaic Holdings
Osaic Holdings
Arizona
+$2.98M

Top Sellers

Rank Fund Capital Flow
1
LGA
Lebenthal Global Advisors
New York
-$6.08M
2
Ameriprise
Ameriprise
Minnesota
-$4.08M
3
FWM
Fortress Wealth Management
California
-$3.63M
4
Wells Fargo
Wells Fargo
California
-$1.59M
5
BRWA
B. Riley Wealth Advisors
Florida
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
76
Karpus Investment Management
New York
$243K +$249K +12,700 New
HWAM
77
Hennion & Walsh Asset Management
New Jersey
$241K -$607K -30,916 -71%
SP
78
Successful Portfolios
Florida
$233K – – –
MA
79
MKT Advisors
California
$226K -$2.95K -150 -1%
CPSC
80
Carl P. Sherr & Co
Massachusetts
$226K +$232K +11,810 New
Nomura Holdings
81
Nomura Holdings
Japan
$216K +$220K +11,200 New
CC
82
Constitution Capital
Connecticut
$213K -$11.8K -600 -5%
WWM
83
Western Wealth Management
Colorado
$209K – – –
VCA
84
Verdence Capital Advisors
Maryland
$205K +$210K +10,697 New
PG
85
Patten Group
Tennessee
$203K – – –
Jane Street
86
Jane Street
New York
$201K +$206K +10,505 New
VWA
87
VERITY Wealth Advisors
United States
$193K – – –
SW
88
SVB Wealth
Massachusetts
$193K +$198K +10,086 New
SPC
89
Sigma Planning Corp
Michigan
$192K -$68.1K -3,469 -26%
PCM
90
Poehling Capital Management
Wisconsin
$192K – – –
Lazard Asset Management
91
Lazard Asset Management
New York
$178K – – –
SPIA
92
Steward Partners Investment Advisory
New York
$161K -$163K -8,290 -50%
Northwestern Mutual Wealth Management
93
Northwestern Mutual Wealth Management
Wisconsin
$147K -$47.9K -2,440 -24%
APA
94
American Portfolios Advisors
New York
$115K – – –
GWSG
95
GPS Wealth Strategies Group
Colorado
$102K -$354K -18,015 -77%
TIM
96
Tortoise Investment Management
New York
$82K +$70.9K +3,609 +542%
HI
97
Harbour Investments
Wisconsin
$78K +$79.6K +4,050 New
VWM
98
Valley Wealth Managers
New Jersey
$58K +$59.3K +3,018 New
PTC
99
Private Trust Company
Ohio
$54K +$55K +2,800 New
FCA
100
FinTrust Capital Advisors
South Carolina
$48K – – –
2 3
4
5 6

BBN Hedge Fund Activity: Q2 2022 in Review

132 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2022, worth a combined $302M — down 9.1% from $332M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 18 closed out — a net gain of 4 holders — while 32 added to existing stakes and 41 trimmed.

The largest buyer was Focused Wealth Management, adding an estimated $8.87M. The largest seller was Lebenthal Global Advisors, cutting an estimated $6.08M.

  • 132 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2022, up from 128 in Q1 2022.
  • Funds reported $302M of BlackRock Taxable Municipal Bond Trust stock for Q2 2022, down 9.1% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2022 and 18 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2022 was Focused Wealth Management, an estimated $8.87M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2022 was Lebenthal Global Advisors, an estimated $6.08M sold.

Based on aggregated 13F filings for Q2 2022.