BlackRock Taxable Municipal Bond Trust
BBN
101 hedge funds and large institutions have $260M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 22 reducing their positions, and 7 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 22
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
6% more capital invested
Capital invested by funds: $246M → $260M (+$14.1M)
3% more funds holding
Funds holding: 98 → 101 (+3)
1.27% more ownership
Funds ownership: 17.41% → 18.68% (+1.3%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.32M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.49M |
| 3 |
Morgan Stanley
New York
|
+$2.36M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.07M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.04M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$2.62M |
| 3 |
PCIA
Prime Capital Investment Advisors
Overland Park,
Kansas
|
-$434K |
| 4 |
JG
Jefferies Group
New York
|
-$364K |
| 5 |
Citigroup
New York
|
-$337K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
US Bancorp
Minneapolis,
Minnesota
| $4K | +$4K | +167 | New |
|
|
SCA
102
Stonebridge Capital Advisors
St Paul,
Minnesota
| $2K | – | – | – |
|
103
Cohen & Steers
New York
| – | -$317K | -12,827 | Closed |
|
104
CIBC World Market
Toronto,
Ontario, Canada
| – | -$305K | -12,350 | Closed |
|
|
SIA
105
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$176K | -7,123 | Closed |
|
|
SIM
106
Sonora Investment Management
Tucson,
Arizona
| – | -$13K | -545 | Closed |
|
|
PO
107
Private Ocean
San Rafael,
California
| – | -$13K | -500 | Closed |
|
|
NIC
108
Northwest Investment Counselors
Lake Oswego,
Oregon
| – | -$9K | -364 | Closed |
|
|
AF
109
Allworth Financial
Folsom,
California
| – | -$3K | -129 | Closed |
|
BBN Hedge Fund Activity: Q4 2019 in Review
101 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2019, worth a combined $260M — up 5.8% from $246M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BBN positions and 7 closed out — a net gain of 5 holders — while 38 added to existing stakes and 22 trimmed.
The largest buyer was UBS Group, adding an estimated $4.32M. The largest seller was Ameriprise, cutting an estimated $5.04M.
- 101 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2019, up from 98 in Q3 2019.
- Funds reported $260M of BlackRock Taxable Municipal Bond Trust stock for Q4 2019, up 5.8% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2019 and 7 closed out, a net change of +5 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2019 was UBS Group, an estimated $4.32M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2019 was Ameriprise, an estimated $5.04M sold.
Based on aggregated 13F filings for Q4 2019.