BlackRock Taxable Municipal Bond Trust
BBN
93 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 12 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 24
3% more capital invested
Capital invested by funds: $142M → $145M (+$3.71M)
0.06% more ownership
Funds ownership: 10.81% → 10.87% (+0.06%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 97 → 93 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.07M |
| 2 |
Morgan Stanley
New York
|
+$2.26M |
| 3 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
+$2.07M |
| 4 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$816K |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$637K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$2.37M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.04M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.55M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.47M |
| 5 |
SG Americas Securities
New York
|
-$634K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$286K | -12,475 | Closed |
|
102
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$281K | -12,252 | Closed |
|
|
NMC
103
Nine Masts Capital
Central,
Hong Kong
| – | -$234K | -10,200 | Closed |
|
|
OC
104
Oppenheimer & Co
New York
| – | -$222K | -9,665 | Closed |
|
105
Creative Planning
Overland Park,
Kansas
| – | -$121K | -5,290 | Closed |
|
|
NA
106
NewEdge Advisors
New Orleans,
Louisiana
| – | -$26.8K | -1,165 | Closed |
|
|
PFBT
107
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$25K | -1,100 | Closed |
|
|
SIM
108
Sonora Investment Management
Tucson,
Arizona
| – | -$22.9K | -1,000 | Closed |
|
BBN Hedge Fund Activity: Q3 2017 in Review
93 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2017, worth a combined $145M — up 2.6% from $142M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BBN and 8 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 35 added.
The largest buyer was Ameriprise, adding an estimated $3.07M. The largest seller was Bank of New York Mellon, cutting an estimated $2.37M.
- 93 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2017, down from 97 in Q2 2017.
- Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2017, up 2.6% quarter-over-quarter.
- 8 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2017 and 12 closed out, a net change of -4 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2017 was Ameriprise, an estimated $3.07M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2017 was Bank of New York Mellon, an estimated $2.37M sold.
Based on aggregated 13F filings for Q3 2017.