We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

98 hedge funds and large institutions have $187M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 29 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 29

3% more capital invested

Capital invested by funds: $182M → $187M (+$5.46M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.52% less ownership

Funds ownership: 15.1% → 14.59% (-0.52%)

5% less funds holding

Funds holding: 103 → 98 (-5)

29% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 17

Holders
98
Holders Change
-5
Holders Change %
-4.85%
% of All Funds
2.12%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
12
Increased
33
Reduced
29
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.79M
2
CA
Cetera Advisors
Colorado
+$3.78M
3
GFPC
Global Financial Private Capital
Florida
+$2.37M
4
Wells Fargo
Wells Fargo
California
+$2.36M
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$9.15M
2
OA
Oxbow Advisors
Texas
-$7.23M
3
CA
Cornerstone Advisory
Maryland
-$2.7M
4
Invesco
Invesco
Georgia
-$2.56M
5
HH
Hilltop Holdings
Texas
-$2.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
101
Goldman Sachs
New York
– -$9.15M -435,346 Closed
CA
102
Cornerstone Advisory
Maryland
– -$2.7M -128,482 Closed
MIG
103
Mariner Investment Group
New York
– -$518K -24,630 Closed
PPA
104
Parametric Portfolio Associates
Washington
– -$378K -17,963 Closed
JIC
105
Joel Isaacson & Co
New York
– -$239K -11,189 Closed
MOS
106
MGO One Seven
Ohio
– -$118K -5,633 Closed
Bessemer Group
107
Bessemer Group
New Jersey
– -$118K -5,600 Closed
BI
108
Bramshill Investments
Florida
– -$82K -3,904 Closed
PG
109
Patten Group
Tennessee
– -$67K -3,200 Closed
RCM
110
Robinson Capital Management
Michigan
– -$53K -2,500 Closed
MWA
111
Meridian Wealth Advisors
Texas
– -$51K -2,450 Closed
WANY
112
Wealthspire Advisors (New York)
New York
– -$46K -2,184 Closed
AIC
113
Ameritas Investment Company
Nebraska
– -$36K -1,700 Closed
QCIG
114
Quad-Cities Investment Group
Iowa
– -$26K -1,225 Closed
CFG
115
Citizens Financial Group
Rhode Island
– -$10K -452 Closed
WTB
116
Washington Trust Bank
Washington
– -$5K -254 Closed
1 2 3 4
5

BBN Hedge Fund Activity: Q1 2019 in Review

98 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2019, worth a combined $187M — up 3% from $182M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BBN and 12 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 33 added.

The largest buyer was Morgan Stanley, adding an estimated $4.79M. The largest seller was Goldman Sachs, exiting entirely with an estimated $9.15M sold.

  • 98 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2019, down from 103 in Q4 2018.
  • Funds reported $187M of BlackRock Taxable Municipal Bond Trust stock for Q1 2019, up 3% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2019 and 17 closed out, a net change of -5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2019 was Morgan Stanley, an estimated $4.79M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2019 was Goldman Sachs, an estimated $9.15M sold.

Based on aggregated 13F filings for Q1 2019.