BlackRock Taxable Municipal Bond Trust
BBN
97 hedge funds and large institutions have $142M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 2 closing their positions.
550% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 2
71% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 21
11% more funds holding
Funds holding: 87 → 97 (+10)
1.93% less ownership
Funds ownership: 12.73% → 10.81% (-1.9%)
13% less capital invested
Capital invested by funds: $163M → $142M (-$21.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$644K |
| 3 |
SG Americas Securities
New York
|
+$630K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$501K |
| 5 |
Millennium Management
New York
|
+$460K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$4.26M |
| 2 |
BIM
Baldwin Investment Management
West Conshohocken,
Pennsylvania
|
-$212K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$173K |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$156K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$146K |
BBN Hedge Fund Activity: Q2 2017 in Review
97 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2017, worth a combined $142M — down 13% from $163M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BBN positions and 2 closed out — a net gain of 11 holders — while 36 added to existing stakes and 21 trimmed.
The largest buyer was Ameriprise, adding an estimated $1.8M. The largest seller was LPL Financial, cutting an estimated $4.26M.
- 97 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2017, up from 87 in Q1 2017.
- Funds reported $142M of BlackRock Taxable Municipal Bond Trust stock for Q2 2017, down 13% quarter-over-quarter.
- 13 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2017 and 2 closed out, a net change of +11 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2017 was Ameriprise, an estimated $1.8M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2017 was LPL Financial, an estimated $4.26M sold.
Based on aggregated 13F filings for Q2 2017.