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BlackRock Taxable Municipal Bond Trust
BBN

92 hedge funds and large institutions have $165M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.49% less ownership

Funds ownership: 13.27% → 12.78% (-0.49%)

6% less capital invested

Capital invested by funds: $176M → $165M (-$11.1M)

12% less funds holding

Funds holding: 105 → 92 (-13)

65% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 20

Holders
92
Holders Change
-13
Holders Change %
-12.38%
% of All Funds
2.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
41
Reduced
18
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$7.68M
2
CA
Cornerstone Advisory
Maryland
+$5.86M
3
LPL Financial
LPL Financial
California
+$1.4M
4
UBS Group
UBS Group
Switzerland
+$924K
5
Invesco
Invesco
Georgia
+$451K

Top Sellers

Rank Fund Capital Flow
1
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$13.5M
2
Ameriprise
Ameriprise
Minnesota
-$2.83M
3
Morgan Stanley
Morgan Stanley
New York
-$1.47M
4
SIA
Sit Investment Associates
Minnesota
-$1.21M
5
Wells Fargo
Wells Fargo
California
-$874K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
101
Cetera Advisors
Colorado
– -$413K -17,777 Closed
Squarepoint
102
Squarepoint
New York
– -$371K -15,984 Closed
NWS
103
Newport Wealth Strategies
California
– -$315K -14,260 Closed
LCM
104
Laurion Capital Management
New York
– -$257K -11,081 Closed
WAM
105
Weiss Asset Management
Massachusetts
– -$253K -10,910 Closed
Cetera Investment Advisers
106
Cetera Investment Advisers
Illinois
– -$203K -8,768 Closed
CIA
107
Capital Investment Advisors
Georgia
– -$203K -8,763 Closed
NMC
108
Nine Masts Capital
Hong Kong
– -$128K -5,500 Closed
ARMC
109
American Research & Management Company
Massachusetts
– -$93K -4,000 Closed
EWM
110
Evercore Wealth Management
New York
– -$81K -3,500 Closed
CA
111
Calton & Associates
Florida
– -$11K -528 Closed
AWM
112
Avior Wealth Management
Nebraska
– -$12K -500 Closed
TA
113
Townsend & Associates
Colorado
– -$11K -465 Closed
CHC
114
City Holding Co
West Virginia
– -$11K -453 Closed
PNC Financial Services Group
115
PNC Financial Services Group
Pennsylvania
– -$5K -200 Closed
1 2 3 4
5

BBN Hedge Fund Activity: Q1 2018 in Review

92 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2018, worth a combined $165M — down 6.3% from $176M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of BBN and 7 opened new positions — a net loss of 13 holders — while 18 trimmed existing stakes and 41 added.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $7.68M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $13.5M.

  • 92 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2018, down from 105 in Q4 2017.
  • Funds reported $165M of BlackRock Taxable Municipal Bond Trust stock for Q1 2018, down 6.3% quarter-over-quarter.
  • 7 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2018 and 20 closed out, a net change of -13 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2018 was Goldman Sachs, an estimated $7.68M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2018 was AmeriServ Wealth Advisors, an estimated $13.5M sold.

Based on aggregated 13F filings for Q1 2018.