We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

115 hedge funds and large institutions have $330M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 36

6% less funds holding

Funds holding: 122 → 115 (-7)

5.91% less ownership

Funds ownership: 39.98% → 34.07% (-5.9%)

14% less capital invested

Capital invested by funds: $385M → $330M (-$55M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

Holders
115
Holders Change
-7
Holders Change %
-5.74%
% of All Funds
1.66%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
12
Increased
43
Reduced
36
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$8.38M
2
SIA
Sit Investment Associates
Minnesota
+$7.27M
3
NMC
Nine Masts Capital
Hong Kong
+$2.38M
4
LPL Financial
LPL Financial
California
+$1.69M
5
UBS Group
UBS Group
Switzerland
+$1.37M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$63.4M
2
Osaic Holdings
Osaic Holdings
Arizona
-$3.87M
3
GC
Guggenheim Capital
Illinois
-$3.84M
4
PCM
Penserra Capital Management
California
-$1.81M
5
RCA
Reitz Capital Advisors
Michigan
-$1.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
NA
76
NewEdge Advisors
Louisiana
$213K +$174K +10,492 +416%
Millennium Management
77
Millennium Management
New York
$212K -$425K -25,687 -66%
FMTCOCP
78
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$210K – – –
SCA
79
Snowden Capital Advisors
New York
$202K +$205K +12,361 New
CPSC
80
Carl P. Sherr & Co
Massachusetts
$193K – – –
PPWM
81
Perissos Private Wealth Management
Oklahoma
$193K +$195K +11,800 New
BG
82
Benedetti & Gucer
Georgia
$191K +$26.5K +1,600 +16%
BAM
83
Belpointe Asset Management
Nevada
$187K +$190K +11,454 New
CFG
84
Cooper Financial Group
California
$176K -$146K -8,831 -45%
PVM
85
Palogic Value Management
Texas
$172K – – –
Lazard Asset Management
86
Lazard Asset Management
New York
$151K – – –
National Bank of Canada
87
National Bank of Canada
Quebec, Canada
$128K +$2.48K +150 +2%
GWSG
88
GPS Wealth Strategies Group
Colorado
$86.7K – – –
HCM
89
Hollencrest Capital Management
California
$81.6K +$910 +55 +1%
SPIA
90
Steward Partners Investment Advisory
New York
$66.9K +$7.46K +451 +12%
WAM
91
Wolverine Asset Management
Illinois
$63.7K -$113K -6,800 -64%
PTC
92
Private Trust Company
Ohio
$61.3K – – –
CT
93
Cambridge Trust
Massachusetts
$49K – – –
TIM
94
Tortoise Investment Management
New York
$43.1K – – –
HI
95
Harbour Investments
Wisconsin
$42.5K -$4.14K -250 -9%
NSIM
96
North Star Investment Management
Illinois
$34.5K – – –
US Bancorp
97
US Bancorp
Minnesota
$27.6K – – –
PNC Financial Services Group
98
PNC Financial Services Group
Pennsylvania
$24.3K +$13.2K +800 +116%
HIA
99
Harbor Investment Advisory
Maryland
$19.6K – – –
CFD
100
Creative Financial Designs
Indiana
$18.1K +$298 +18 +2%
2 3
4
5 6

BBN Hedge Fund Activity: Q1 2024 in Review

115 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2024, worth a combined $330M — down 14% from $385M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BBN and 12 opened new positions — a net loss of 6 holders — while 36 trimmed existing stakes and 43 added.

The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $8.38M. The largest seller was Morgan Stanley, cutting an estimated $63.4M.

  • 115 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2024, down from 122 in Q4 2023.
  • Funds reported $330M of BlackRock Taxable Municipal Bond Trust stock for Q1 2024, down 14% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2024 and 18 closed out, a net change of -6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2024 was Envestnet Asset Management, an estimated $8.38M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2024 was Morgan Stanley, an estimated $63.4M sold.

Based on aggregated 13F filings for Q1 2024.