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BlackRock Taxable Municipal Bond Trust
BBN

123 hedge funds and large institutions have $339M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 39 increasing their positions, 38 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 10

7% more funds holding

Funds holding: 115 → 123 (+8)

3% more capital invested

Capital invested by funds: $330M → $339M (+$9.57M)

3% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 38

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.51% less ownership

Funds ownership: 34.07% → 33.56% (-0.51%)

Holders
123
Holders Change
+8
Holders Change %
+6.96%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
39
Reduced
38
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$4.06M
2
M&T Bank
M&T Bank
New York
+$3.47M
3
Morgan Stanley
Morgan Stanley
New York
+$3.42M
4
LPL Financial
LPL Financial
California
+$2.52M
5
SIA
Sit Investment Associates
Minnesota
+$2.12M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$13.1M
2
RVPG
Relative Value Partners Group
-$2.33M
3
HH
Hilltop Holdings
Texas
-$1.06M
4
BRWA
B. Riley Wealth Advisors
Florida
-$657K
5
Wells Fargo
Wells Fargo
California
-$583K
Name Holding Trade Value Shares
Change 		Change in
Stake
BMCM
76
Bryn Mawr Capital Management
Pennsylvania
$259K +$155K +9,809 +169%
MWM
77
Melfa Wealth Management
Massachusetts
$246K – – –
CIA
78
Concurrent Investment Advisors
Florida
$230K +$223K +14,063 New
Wealth Enhancement Advisory Services
79
Wealth Enhancement Advisory Services
Minnesota
$223K -$73.8K -4,658 -25%
FMTCOCP
80
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$211K – – –
Millennium Management
81
Millennium Management
New York
$201K -$10.6K -666 -5%
Truist Financial
82
Truist Financial
North Carolina
$200K -$23.3K -1,472 -11%
TC
83
TownSquare Capital
Utah
$197K -$29.6K -1,866 -13%
CPSC
84
Carl P. Sherr & Co
Massachusetts
$193K – – –
Creative Planning
85
Creative Planning
Kansas
$190K -$32.2K -2,031 -15%
BAM
86
Belpointe Asset Management
Nevada
$187K – – –
OC
87
Oppenheimer & Co
New York
$181K +$176K +11,078 New
PPWM
88
Perissos Private Wealth Management
Oklahoma
$178K -$14.3K -900 -8%
SCA
89
Snowden Capital Advisors
New York
$178K -$23.6K -1,486 -12%
JAG
90
Journey Advisory Group
Kentucky
$177K -$42.8K -2,700 -20%
PVM
91
Palogic Value Management
Texas
$172K – – –
CJ
92
Caitlin John
Michigan
$163K +$158K +9,969 New
Lazard Asset Management
93
Lazard Asset Management
New York
$152K – – –
National Bank of Canada
94
National Bank of Canada
Quebec, Canada
$136K +$4.76K +300 +4%
OWA
95
Opal Wealth Advisors
New York
$102K +$98.8K +6,230 New
HCM
96
Hollencrest Capital Management
California
$83.1K +$1.4K +88 +2%
SPIA
97
Steward Partners Investment Advisory
New York
$68.1K +$1.16K +73 +2%
PTC
98
Private Trust Company
Ohio
$61.3K – – –
HI
99
Harbour Investments
Wisconsin
$50.7K +$7.93K +500 +19%
CIBC Private Wealth Group
100
CIBC Private Wealth Group
Georgia
$47.5K +$43.6K +2,750 +1,833%
2 3
4
5 6

BBN Hedge Fund Activity: Q2 2024 in Review

123 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2024, worth a combined $339M — up 2.9% from $330M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BBN positions and 10 closed out — a net gain of 11 holders — while 39 added to existing stakes and 38 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $4.06M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $13.1M sold.

  • 123 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2024, up from 115 in Q1 2024.
  • Funds reported $339M of BlackRock Taxable Municipal Bond Trust stock for Q2 2024, up 2.9% quarter-over-quarter.
  • 21 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2024 and 10 closed out, a net change of +11 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2024 was Envestnet Asset Management, an estimated $4.06M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2024 was Guggenheim Capital, an estimated $13.1M sold.

Based on aggregated 13F filings for Q2 2024.