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BlackRock Taxable Municipal Bond Trust

122 hedge funds and large institutions have $385M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 42 increasing their positions, 42 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

35% more capital invested

Capital invested by funds: $285M → $385M (+$99.5M)

8.2% more ownership

Funds ownership: 31.79%39.98% (+8.2%)

0% more funds holding

Funds holding: 122122 (0)

0% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 17

0% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 42

Holders
122
Holders Change
Holders Change %
0%
% of All Funds
1.78%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
17
Increased
42
Reduced
42
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CA
76
Cetera Advisors
Colorado
$242K -$4.75K -306 -2%
Comerica Bank
77
Comerica Bank
Texas
$220K +$16.5K +1,061 +9%
JAG
78
Journey Advisory Group
Kentucky
$220K -$32.6K -2,100 -13%
ONB
79
Old National Bancorp
Indiana
$217K -$171K -10,997 -45%
FMTCOCP
80
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$209K
CPSC
81
Carl P. Sherr & Co
Massachusetts
$192K
Cetera Investment Advisers
82
Cetera Investment Advisers
Illinois
$179K
WAM
83
Wolverine Asset Management
Illinois
$174K -$383K -24,666 -70%
Northwestern Mutual Wealth Management
84
Northwestern Mutual Wealth Management
Wisconsin
$172K +$1.47K +95 +0.9%
PVM
85
Palogic Value Management
Texas
$171K
EIA
86
Edgemoor Investment Advisors
Maryland
$169K -$15.5K -1,000 -9%
BG
87
Benedetti & Gucer
Georgia
$164K +$157K +10,100 New
Lazard Asset Management
88
Lazard Asset Management
New York
$151K
BI
89
Bramshill Investments
Florida
$148K -$8.25K -532 -5%
National Bank of Canada
90
National Bank of Canada
Quebec, Canada
$129K +$3.1K +200 +3%
GWSG
91
GPS Wealth Strategies Group
Colorado
$86.3K
HCM
92
Hollencrest Capital Management
California
$80.3K +$1.8K +116 +2%
PTC
93
Private Trust Company
Ohio
$61K -$174K -11,200 -75%
SPIA
94
Steward Partners Investment Advisory
New York
$59.2K -$10.3K -663 -15%
CT
95
Cambridge Trust
Massachusetts
$48.8K
HI
96
Harbour Investments
Wisconsin
$46.3K
TIM
97
Tortoise Investment Management
New York
$42.8K +$31.4K +2,025 +332%
NA
98
NewEdge Advisors
Louisiana
$41.1K -$248K -16,000 -86%
NSIM
99
North Star Investment Management
Illinois
$34.4K
FGA
100
Fortis Group Advisors
New Jersey
$32.5K +$15.5K +1,000 +100%

BBN Hedge Fund Activity: Q4 2023 in Review

122 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2023, worth a combined $385M — up 35% from $285M a quarter earlier.

Fund positioning in BBN was balanced in Q4 2023: 17 funds opened new positions, 17 closed out, 42 added to existing stakes and 42 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $71.8M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.07M sold.

  • 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2023, unchanged from Q3 2023.
  • Funds reported $385M of BlackRock Taxable Municipal Bond Trust stock for Q4 2023, up 35% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2023 and 17 closed out, a net change of 0 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2023 was Morgan Stanley, an estimated $71.8M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2023 was Rivernorth Capital Management, an estimated $4.07M sold.

Based on aggregated 13F filings for Q4 2023.