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BlackRock Taxable Municipal Bond Trust
BBN

124 hedge funds and large institutions have $359M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

14% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 35

6% more capital invested

Capital invested by funds: $339M → $359M (+$19.5M)

1% more funds holding

Funds holding: 123 → 124 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.99% less ownership

Funds ownership: 33.56% → 32.58% (-0.99%)

Holders
124
Holders Change
+1
Holders Change %
+0.81%
% 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
40
Reduced
35
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$7.11M
2
HighTower Advisors
HighTower Advisors
Illinois
+$5.79M
3
Wells Fargo
Wells Fargo
California
+$3.24M
4
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$2.22M
5
BEI
Benjamin Edwards Inc
Missouri
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$10.5M
2
M&T Bank
M&T Bank
New York
-$7.62M
3
LPL Financial
LPL Financial
California
-$5.08M
4
SIA
Sit Investment Associates
Minnesota
-$4.17M
5
LCM
Landscape Capital Management
New Jersey
-$3.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
GLA
76
Good Life Advisors
Pennsylvania
$304K -$259K -14,962 -47%
Wealth Enhancement Advisory Services
77
Wealth Enhancement Advisory Services
Minnesota
$298K +$53.7K +3,102 +23%
WA
78
Waverly Advisors
Alabama
$294K – – –
BMCM
79
Bryn Mawr Capital Management
Pennsylvania
$280K +$1.2K +69 +0.4%
JP Morgan Chase
80
JP Morgan Chase
New York
$274K +$266K +15,362 New
MWM
81
Melfa Wealth Management
Massachusetts
$268K – – –
SA
82
Sanctuary Advisors
Indiana
$239K +$253K +14,631 New
FMTCOCP
83
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$230K – – –
HH
84
Hilltop Holdings
Texas
$226K -$560K -32,320 -72%
Millennium Management
85
Millennium Management
New York
$219K – – –
CPSC
86
Carl P. Sherr & Co
Massachusetts
$210K – – –
BAM
87
Belpointe Asset Management
Nevada
$205K +$727 +42 +0.4%
Truist Financial
88
Truist Financial
North Carolina
$202K -$15.3K -883 -7%
SCA
89
Snowden Capital Advisors
New York
$195K +$1.56K +90 +0.8%
TC
90
TownSquare Capital
Utah
$188K -$25.5K -1,473 -12%
PVM
91
Palogic Value Management
Texas
$187K – – –
LAM
92
LifePro Asset Management
California
$182K +$177K +10,200 New
RJT
93
Raymond James Trust
Florida
$182K +$177K +10,195 New
MMA
94
Miracle Mile Advisors
California
$178K +$173K +10,000 New
JAG
95
Journey Advisory Group
Kentucky
$177K – – –
Lazard Asset Management
96
Lazard Asset Management
New York
$165K – – –
Jones Financial Companies
97
Jones Financial Companies
Missouri
$163K +$156K +8,983 New
CIBC Private Wealth Group
98
CIBC Private Wealth Group
Georgia
$161K +$106K +6,125 +211%
National Bank of Canada
99
National Bank of Canada
Quebec, Canada
$138K -$11.5K -663 -8%
HCM
100
Hollencrest Capital Management
California
$92K +$1.46K +84 +2%
2 3
4
5 6

BBN Hedge Fund Activity: Q3 2024 in Review

124 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2024, worth a combined $359M — up 5.7% from $339M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BBN positions and 18 closed out — a net gain of 3 holders — while 40 added to existing stakes and 35 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.11M. The largest seller was Envestnet Asset Management, cutting an estimated $10.5M.

  • 124 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2024, up from 123 in Q2 2024.
  • Funds reported $359M of BlackRock Taxable Municipal Bond Trust stock for Q3 2024, up 5.7% quarter-over-quarter.
  • 21 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2024 and 18 closed out, a net change of +3 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2024 was Morgan Stanley, an estimated $7.11M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2024 was Envestnet Asset Management, an estimated $10.5M sold.

Based on aggregated 13F filings for Q3 2024.