BlackRock Taxable Municipal Bond Trust
BBN
95 hedge funds and large institutions have $166M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
3% more funds holding
Funds holding: 92 → 95 (+3)
1% more capital invested
Capital invested by funds: $165M → $166M (+$1.38M)
0.45% more ownership
Funds ownership: 12.78% → 13.23% (+0.45%)
3% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
+$9.67M |
| 2 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$3.34M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.72M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.55M |
| 5 |
LPL Financial
San Diego,
California
|
+$701K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$8.75M |
| 2 |
Goldman Sachs
New York
|
-$7.77M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.05M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.28M |
| 5 |
PAA
Peregrine Asset Advisers
Portland,
Oregon
|
-$814K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Bank of New York Mellon
New York
| – | -$203K | -9,000 | Closed |
|
|
WS
102
Wedbush Securities
Los Angeles,
California
| – | -$202K | -8,948 | Closed |
|
|
FPS
103
Fieldpoint Private Securities
Greenwich,
Connecticut
| – | -$29K | -1,300 | Closed |
|
|
IWM
104
IHT Wealth Management
Chicago,
Illinois
| – | -$20K | -901 | Closed |
|
BBN Hedge Fund Activity: Q2 2018 in Review
95 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2018, worth a combined $166M — up 0.84% from $165M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BBN positions and 7 closed out — a net gain of 6 holders — while 29 added to existing stakes and 30 trimmed.
The largest buyer was Oxbow Advisors, opening a new position worth an estimated $9.67M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $8.75M.
- 95 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2018, up from 92 in Q1 2018.
- Funds reported $166M of BlackRock Taxable Municipal Bond Trust stock for Q2 2018, up 0.84% quarter-over-quarter.
- 13 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2018 and 7 closed out, a net change of +6 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2018 was Oxbow Advisors, an estimated $9.67M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2018 was AmeriServ Wealth Advisors, an estimated $8.75M sold.
Based on aggregated 13F filings for Q2 2018.