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BlackRock Taxable Municipal Bond Trust
BBN

125 hedge funds and large institutions have $278M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 15

26% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 34

3% more funds holding

Funds holding: 121 → 125 (+4)

0.43% more ownership

Funds ownership: 27.88% → 28.31% (+0.43%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less capital invested

Capital invested by funds: $293M → $278M (-$14.7M)

Holders
125
Holders Change
+4
Holders Change %
+3.31%
% of All Funds
1.96%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
43
Reduced
34
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$6.57M
2
Morgan Stanley
Morgan Stanley
New York
+$4.77M
3
RCM
Rivernorth Capital Management
Florida
+$2.33M
4
LCM
Landscape Capital Management
New Jersey
+$1.09M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$956K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$4.11M
2
UBS Group
UBS Group
Switzerland
-$3.52M
3
JFG
Jefferies Financial Group
New York
-$2.12M
4
HH
Hilltop Holdings
Texas
-$1.73M
5
LGA
Lebenthal Global Advisors
New York
-$1.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
76
Cetera Advisors
Colorado
$242K -$827 -48 -0.3%
RP
77
Riverbridge Partners
Minnesota
$241K -$16.3K -947 -6%
SW
78
SVB Wealth
Massachusetts
$235K -$46.1K -2,675 -16%
VF
79
Virtu Financial
New York
$215K +$223K +12,951 New
FMTCOCP
80
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$214K -$209K -12,118 -48%
BOPW
81
Brandywine Oak Private Wealth
Pennsylvania
$207K – – –
SA
82
SFI Advisors
New Jersey
$203K +$211K +12,247 New
TIM
83
Triad Investment Management
California
$200K +$103 +6 +0%
CPSC
84
Carl P. Sherr & Co
Massachusetts
$196K – – –
MA
85
MKT Advisors
California
$192K – – –
EIA
86
Edgemoor Investment Advisors
Maryland
$189K – – –
Cetera Investment Advisers
87
Cetera Investment Advisers
Illinois
$184K -$23.4K -1,357 -11%
Rockefeller Capital Management
88
Rockefeller Capital Management
New York
$177K +$184K +10,681 New
BG
89
Benedetti & Gucer
Georgia
$177K +$183K +10,645 New
PVM
90
Palogic Value Management
Texas
$174K – – –
Northwestern Mutual Wealth Management
91
Northwestern Mutual Wealth Management
Wisconsin
$172K +$396 +23 +0.2%
SP
92
Successful Portfolios
Florida
$168K – – –
Lazard Asset Management
93
Lazard Asset Management
New York
$154K – – –
EC
94
Elequin Capital
New York
$107K +$111K +6,460 New
GWSG
95
GPS Wealth Strategies Group
Colorado
$88K – – –
HCM
96
Hollencrest Capital Management
California
$78.7K +$81.7K +4,741 New
SPIA
97
Steward Partners Investment Advisory
New York
$76.8K +$431 +25 +0.5%
CFB
98
Cullen/Frost Bankers
Texas
$66.4K +$68.9K +4,000 New
CT
99
Cambridge Trust
Massachusetts
$49.8K – – –
GRP
100
Global Retirement Partners
California
$49.8K +$17.2K +1,000 +50%
2 3
4
5 6

BBN Hedge Fund Activity: Q2 2023 in Review

125 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2023, worth a combined $278M — down 5% from $293M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BBN positions and 15 closed out — a net gain of 5 holders — while 43 added to existing stakes and 34 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $6.57M. The largest seller was Wells Fargo, cutting an estimated $4.11M.

  • 125 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2023, up from 121 in Q1 2023.
  • Funds reported $278M of BlackRock Taxable Municipal Bond Trust stock for Q2 2023, down 5% quarter-over-quarter.
  • 20 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2023 and 15 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2023 was Sit Investment Associates, an estimated $6.57M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2023 was Wells Fargo, an estimated $4.11M sold.

Based on aggregated 13F filings for Q2 2023.