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BlackRock Taxable Municipal Bond Trust
BBN

122 hedge funds and large institutions have $285M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

19% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 36

3.47% more ownership

Funds ownership: 28.31% → 31.79% (+3.5%)

3% more capital invested

Capital invested by funds: $278M → $285M (+$7.17M)

2% less funds holding

Funds holding: 125 → 122 (-3)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

Holders
122
Holders Change
-3
Holders Change %
-2.4%
% of All Funds
1.94%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
12
Increased
43
Reduced
36
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$22.5M
2
M&T Bank
M&T Bank
New York
+$13.3M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$5.26M
4
Morgan Stanley
Morgan Stanley
New York
+$4.21M
5
Osaic Holdings
Osaic Holdings
Arizona
+$3.85M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$5.3M
2
BAAM
Baker Avenue Asset Management
California
-$4.89M
3
Wells Fargo
Wells Fargo
California
-$4.75M
4
HH
Hilltop Holdings
Texas
-$3.29M
5
BI
Bramshill Investments
Florida
-$2.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
76
First Foundation Advisors
California
$230K – – –
PTC
77
Private Trust Company
Ohio
$227K +$3.11K +195 +1%
MWM
78
Melfa Wealth Management
Massachusetts
$226K +$1.16K +73 +0.5%
SA
79
SFI Advisors
New Jersey
$221K +$37K +2,322 +19%
FMTCOCP
80
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$195K – – –
Comerica Bank
81
Comerica Bank
Texas
$189K +$199K +12,459 New
CPSC
82
Carl P. Sherr & Co
Massachusetts
$179K – – –
EIA
83
Edgemoor Investment Advisors
Maryland
$173K – – –
Cetera Investment Advisers
84
Cetera Investment Advisers
Illinois
$166K -$2.12K -133 -1%
MA
85
MKT Advisors
California
$166K -$8.77K -550 -5%
PVM
86
Palogic Value Management
Texas
$159K – – –
Northwestern Mutual Wealth Management
87
Northwestern Mutual Wealth Management
Wisconsin
$159K +$1.45K +91 +0.9%
SP
88
Successful Portfolios
Florida
$154K – – –
BI
89
Bramshill Investments
Florida
$150K -$2.83M -177,225 -95%
Lazard Asset Management
90
Lazard Asset Management
New York
$140K – – –
National Bank of Canada
91
National Bank of Canada
Quebec, Canada
$116K -$146K -9,178 -54%
EC
92
Elequin Capital
New York
$108K +$10.6K +664 +10%
GWSG
93
GPS Wealth Strategies Group
Colorado
$80.4K – – –
HCM
94
Hollencrest Capital Management
California
$73.1K +$1.31K +82 +2%
SPIA
95
Steward Partners Investment Advisory
New York
$65.3K -$5.17K -324 -7%
CFB
96
Cullen/Frost Bankers
Texas
$60.6K – – –
CT
97
Cambridge Trust
Massachusetts
$45.5K – – –
GRP
98
Global Retirement Partners
California
$45.4K – – –
BAAM
99
Baker Avenue Asset Management
California
$43.4K -$4.89M -307,019 -99%
HI
100
Harbour Investments
Wisconsin
$43.2K +$17.5K +1,100 +63%
2 3
4
5 6

BBN Hedge Fund Activity: Q3 2023 in Review

122 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2023, worth a combined $285M — up 2.6% from $278M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BBN and 12 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 43 added.

The largest buyer was Sit Investment Associates, adding an estimated $22.5M. The largest seller was UBS Group, cutting an estimated $5.3M.

  • 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2023, down from 125 in Q2 2023.
  • Funds reported $285M of BlackRock Taxable Municipal Bond Trust stock for Q3 2023, up 2.6% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2023 and 14 closed out, a net change of -2 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2023 was Sit Investment Associates, an estimated $22.5M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2023 was UBS Group, an estimated $5.3M sold.

Based on aggregated 13F filings for Q3 2023.