BlackRock Taxable Municipal Bond Trust
BBN
99 hedge funds and large institutions have $201M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 35 increasing their positions, 22 reducing their positions, and 9 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 22
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
7% more capital invested
Capital invested by funds: $187M → $201M (+$13.8M)
1% more funds holding
Funds holding: 98 → 99 (+1)
0.21% more ownership
Funds ownership: 14.59% → 14.8% (+0.21%)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.8M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.35M |
| 3 |
PCIA
Prime Capital Investment Advisors
Overland Park,
Kansas
|
+$2.21M |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$1.34M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$972K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
-$4.91M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$1.72M |
| 3 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
-$969K |
| 4 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$725K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$393K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWP
101
Personal Wealth Partners
Bloomington,
Minnesota
| $3K | +$2.68K | +116 | New |
|
|
SCA
102
Stonebridge Capital Advisors
St Paul,
Minnesota
| $2K | +$2.03K | +88 | New |
|
|
GFPC
103
Global Financial Private Capital
Sarasota,
Florida
| – | -$4.91M | -219,064 | Closed |
|
|
FEG
104
Financial Enhancement Group
Anderson,
Indiana
| – | -$969K | -43,207 | Closed |
|
|
CRC
105
Curi RMB Capital
Chicago,
Illinois
| – | -$393K | -17,500 | Closed |
|
106
MML Investors Services
Springfield,
Massachusetts
| – | -$373K | -16,622 | Closed |
|
|
GAM
107
Gould Asset Management
Claremont,
California
| – | -$332K | -14,800 | Closed |
|
|
SWM
108
SeaCrest Wealth Management
Purchase,
New York
| – | -$158K | -7,047 | Closed |
|
|
AWM
109
Aevitas Wealth Management
Wellesley Hills,
Massachusetts
| – | -$157K | -7,030 | Closed |
|
|
CAC
110
Certified Advisory Corp
Altamonte Springs,
Florida
| – | -$8K | -368 | Closed |
|
|
OWD
111
Osborn Williams & Donohoe
Cincinnati,
Ohio
| – | -$5K | -200 | Closed |
|
BBN Hedge Fund Activity: Q2 2019 in Review
99 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2019, worth a combined $201M — up 7.4% from $187M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BBN positions and 9 closed out — a net gain of 3 holders — while 35 added to existing stakes and 22 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.8M. The largest seller was Global Financial Private Capital, exiting entirely with an estimated $4.91M sold.
- 99 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2019, up from 98 in Q1 2019.
- Funds reported $201M of BlackRock Taxable Municipal Bond Trust stock for Q2 2019, up 7.4% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2019 and 9 closed out, a net change of +3 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2019 was Morgan Stanley, an estimated $3.8M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2019 was Global Financial Private Capital, an estimated $4.91M sold.
Based on aggregated 13F filings for Q2 2019.