BlackRock Taxable Municipal Bond Trust
BBN
92 hedge funds and large institutions have $159M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 29 reducing their positions, and 8 closing their positions.
125% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 8
11% more funds holding
Funds holding: 83 → 92 (+9)
0.1% less ownership
Funds ownership: 12.99% → 12.88% (-0.1%)
10% less capital invested
Capital invested by funds: $178M → $159M (-$18.6M)
14% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 29
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
+$11.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.1M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.61M |
| 4 |
SG Americas Securities
New York
|
+$1.14M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$13.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.33M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.63M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.37M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$930K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Envestnet Asset Management
Chicago,
Illinois
| – | -$93K | -3,896 | Closed |
|
|
IWM
102
IHT Wealth Management
Chicago,
Illinois
| – | +$22 | +1 | New |
|
BBN Hedge Fund Activity: Q4 2016 in Review
92 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2016, worth a combined $159M — down 10% from $178M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BBN positions and 8 closed out — a net gain of 10 holders — while 25 added to existing stakes and 29 trimmed.
The largest buyer was AmeriServ Wealth Advisors, adding an estimated $11.2M. The largest seller was Janus Henderson Investors US, exiting entirely with an estimated $13.4M sold.
- 92 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2016, up from 83 in Q3 2016.
- Funds reported $159M of BlackRock Taxable Municipal Bond Trust stock for Q4 2016, down 10% quarter-over-quarter.
- 18 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2016 and 8 closed out, a net change of +10 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2016 was AmeriServ Wealth Advisors, an estimated $11.2M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2016 was Janus Henderson Investors US, an estimated $13.4M sold.
Based on aggregated 13F filings for Q4 2016.