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BlackRock Taxable Municipal Bond Trust
BBN

124 hedge funds and large institutions have $272M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 42 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

7% more capital invested

Capital invested by funds: $255M → $272M (+$17M)

6% more funds holding

Funds holding: 117 → 124 (+7)

0.96% more ownership

Funds ownership: 26.42% → 27.38% (+0.96%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

19% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 42

Holders
124
Holders Change
+7
Holders Change %
+5.98%
% of All Funds
1.99%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
22
Increased
34
Reduced
42
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$8.05M
2
Morgan Stanley
Morgan Stanley
New York
+$4.5M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.73M
4
JFG
Jefferies Financial Group
New York
+$2.04M
5
HH
Hilltop Holdings
Texas
+$1.99M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$6.16M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$2.57M
3
RCM
Rivernorth Capital Management
Florida
-$1M
4
SW
SVB Wealth
Massachusetts
-$759K
5
Bank of America
Bank of America
North Carolina
-$745K
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
76
Commons Capital
Massachusetts
$253K +$4.85K +281 +2%
RP
77
Riverbridge Partners
Minnesota
$243K +$1.29K +75 +0.5%
Cetera Investment Advisers
78
Cetera Investment Advisers
Illinois
$227K +$232K +13,463 New
PTC
79
Private Trust Company
Ohio
$226K +$3.54K +205 +2%
MA
80
MKT Advisors
California
$216K -$863 -50 -0.4%
EIA
81
Edgemoor Investment Advisors
Maryland
$210K -$14.7K -850 -6%
TIM
82
Triad Investment Management
California
$208K -$17 -1 -0%
Citadel Advisors
83
Citadel Advisors
Florida
$183K +$187K +10,841 New
PVM
84
Palogic Value Management
Texas
$177K +$181K +10,500 New
SP
85
Successful Portfolios
Florida
$174K -$31.1K -1,800 -15%
PG
86
Patten Group
Tennessee
$174K -$12.8K -740 -7%
VWA
87
VERITY Wealth Advisors
United States
$170K – – –
BOPW
88
Brandywine Oak Private Wealth
Pennsylvania
$168K – – –
Lazard Asset Management
89
Lazard Asset Management
New York
$156K – – –
Northwestern Mutual Wealth Management
90
Northwestern Mutual Wealth Management
Wisconsin
$124K -$18.1K -1,049 -12%
SPIA
91
Steward Partners Investment Advisory
New York
$85.4K -$18.7K -1,084 -18%
BAM
92
Belpointe Asset Management
Nevada
$53K +$54.3K +3,145 New
CT
93
Cambridge Trust
Massachusetts
$51K +$51.8K +3,000 New
ASN
94
Advisory Services Network
Georgia
$50.5K +$51.8K +3,000 New
FCA
95
FinTrust Capital Advisors
South Carolina
$42.1K – – –
MRCM
96
M&R Capital Management
New Jersey
$40.3K +$41.3K +2,391 New
Carson Wealth (CWM LLC)
97
Carson Wealth (CWM LLC)
Nebraska
$38K – – –
NSIM
98
North Star Investment Management
Illinois
$35.6K – – –
HI
99
Harbour Investments
Wisconsin
$34.5K -$34.5K -2,000 -49%
Rockefeller Capital Management
100
Rockefeller Capital Management
New York
$33K – – –
2 3
4
5 6

BBN Hedge Fund Activity: Q4 2022 in Review

124 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2022, worth a combined $272M — up 6.6% from $255M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 11 closed out — a net gain of 11 holders — while 34 added to existing stakes and 42 trimmed.

The largest buyer was Wells Fargo, adding an estimated $8.05M. The largest seller was Guggenheim Capital, cutting an estimated $6.16M.

  • 124 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2022, up from 117 in Q3 2022.
  • Funds reported $272M of BlackRock Taxable Municipal Bond Trust stock for Q4 2022, up 6.6% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2022 and 11 closed out, a net change of +11 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2022 was Wells Fargo, an estimated $8.05M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2022 was Guggenheim Capital, an estimated $6.16M sold.

Based on aggregated 13F filings for Q4 2022.