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BlackRock Taxable Municipal Bond Trust
BBN

105 hedge funds and large institutions have $176M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 10

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

22% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 27

21% more capital invested

Capital invested by funds: $145M → $176M (+$30.2M)

13% more funds holding

Funds holding: 93 → 105 (+12)

2.4% more ownership

Funds ownership: 10.87% → 13.27% (+2.4%)

Holders
105
Holders Change
+12
Holders Change %
+12.9%
% of All Funds
2.38%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
22
Increased
33
Reduced
27
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$1.43M
2
UBS Group
UBS Group
Switzerland
+$1.18M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.06M
4
Morgan Stanley
Morgan Stanley
New York
+$760K
5
Squarepoint
Squarepoint
New York
+$371K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$839K
2
CI
Conning Inc
Connecticut
-$797K
3
William Blair & Company
William Blair & Company
Illinois
-$635K
4
PAG
Private Advisor Group
New Jersey
-$470K
5
SPC
Sigma Planning Corp
Michigan
-$469K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
101
Calton & Associates
Florida
$11K +$12.3K +528 New
CAC
102
Certified Advisory Corp
Florida
$7K +$7.87K +339 New
CFA
103
Carroll Financial Associates
North Carolina
$6K – – –
PNC Financial Services Group
104
PNC Financial Services Group
Pennsylvania
$5K +$4.64K +200 New
WAP
105
Wealthcare Advisory Partners
Pennsylvania
$4K +$70 +3 +2%
WAMC
106
Western Asset Management Company
California
$1K – – –
CI
107
Conning Inc
Connecticut
– -$797K -34,103 Closed
William Blair & Company
108
William Blair & Company
Illinois
– -$635K -27,175 Closed
SPC
109
Sigma Planning Corp
Michigan
– -$469K -20,056 Closed
Citadel Advisors
110
Citadel Advisors
Florida
– -$413K -17,669 Closed
NPC
111
National Planning Corporation
California
– -$295K -12,607 Closed
YP
112
Yellowstone Partners
Idaho
– -$282K -12,047 Closed
MCIA
113
Mountain Capital Investment Advisors
Colorado
– -$41K -1,767 Closed
SQA
114
Simon Quick Advisors
New Jersey
– -$33K -1,424 Closed
AC
115
Alexandria Capital
Virginia
– -$25K -1,069 Closed
PCM
116
Penserra Capital Management
California
– -$17K -756 Closed
1 2 3 4
5

BBN Hedge Fund Activity: Q4 2017 in Review

105 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2017, worth a combined $176M — up 21% from $145M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 10 closed out — a net gain of 12 holders — while 33 added to existing stakes and 27 trimmed.

The largest buyer was Invesco, adding an estimated $1.43M. The largest seller was Sit Investment Associates, cutting an estimated $839K.

  • 105 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2017, up from 93 in Q3 2017.
  • Funds reported $176M of BlackRock Taxable Municipal Bond Trust stock for Q4 2017, up 21% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2017 and 10 closed out, a net change of +12 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2017 was Invesco, an estimated $1.43M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2017 was Sit Investment Associates, an estimated $839K sold.

Based on aggregated 13F filings for Q4 2017.