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BlackRock Taxable Municipal Bond Trust
BBN

117 hedge funds and large institutions have $255M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 31

0.23% less ownership

Funds ownership: 26.65% → 26.42% (-0.23%)

11% less funds holding

Funds holding: 132 → 117 (-15)

15% less capital invested

Capital invested by funds: $302M → $255M (-$46.3M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

61% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 23

Holders
117
Holders Change
-15
Holders Change %
-11.36%
% of All Funds
2.02%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
9
Increased
36
Reduced
31
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$6.72M
2
Morgan Stanley
Morgan Stanley
New York
+$4.61M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$2.76M
4
HH
Hilltop Holdings
Texas
+$2.62M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$8.7M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$6.54M
3
GC
Guggenheim Capital
Illinois
-$6.46M
4
V
Veritable
Delaware
-$3.43M
5
UBS Group
UBS Group
Switzerland
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
76
D.A. Davidson & Co
Montana
$215K -$35.6K -1,900 -13%
TIM
77
Triad Investment Management
California
$203K -$191K -10,198 -45%
AWA
78
AmeriServ Wealth Advisors
Pennsylvania
$202K -$66.3K -3,538 -22%
SP
79
Successful Portfolios
Florida
$200K – – –
MA
80
MKT Advisors
California
$197K -$1.87K -100 -0.8%
CPSC
81
Carl P. Sherr & Co
Massachusetts
$194K – – –
CC
82
Constitution Capital
Connecticut
$183K – – –
PG
83
Patten Group
Tennessee
$181K – – –
WWM
84
Western Wealth Management
Colorado
$180K – – –
SPC
85
Sigma Planning Corp
Michigan
$173K +$9.61K +513 +5%
VWA
86
VERITY Wealth Advisors
United States
$166K – – –
BOPW
87
Brandywine Oak Private Wealth
Pennsylvania
$164K +$187K +10,000 New
Lazard Asset Management
88
Lazard Asset Management
New York
$152K – – –
Northwestern Mutual Wealth Management
89
Northwestern Mutual Wealth Management
Wisconsin
$139K +$14.6K +781 +10%
SPIA
90
Steward Partners Investment Advisory
New York
$101K -$42.4K -2,263 -27%
APA
91
American Portfolios Advisors
New York
$98.5K – – –
GWSG
92
GPS Wealth Strategies Group
Colorado
$87K – – –
HI
93
Harbour Investments
Wisconsin
$78K – – –
FCA
94
FinTrust Capital Advisors
South Carolina
$41K – – –
Carson Wealth (CWM LLC)
95
Carson Wealth (CWM LLC)
Nebraska
$37K – – –
NSIM
96
North Star Investment Management
Illinois
$35K – – –
Rockefeller Capital Management
97
Rockefeller Capital Management
New York
$32K +$28.1K +1,500 +300%
BEI
98
Benjamin Edwards Inc
Missouri
$29K – – –
US Bancorp
99
US Bancorp
Minnesota
$28K – – –
BLC
100
Brown, Lisle/Cummings
Rhode Island
$27.1K – – –
2 3
4
5 6

BBN Hedge Fund Activity: Q3 2022 in Review

117 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2022, worth a combined $255M — down 15% from $302M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BBN and 9 opened new positions — a net loss of 14 holders — while 31 trimmed existing stakes and 36 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $6.72M. The largest seller was Ameriprise, cutting an estimated $8.7M.

  • 117 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2022, down from 132 in Q2 2022.
  • Funds reported $255M of BlackRock Taxable Municipal Bond Trust stock for Q3 2022, down 15% quarter-over-quarter.
  • 9 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2022 and 23 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2022 was Penserra Capital Management, an estimated $6.72M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2022 was Ameriprise, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2022.