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BlackRock Taxable Municipal Bond Trust
BBN

105 hedge funds and large institutions have $238M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

4% more funds holding

Funds holding: 101 → 105 (+4)

0.61% more ownership

Funds ownership: 18.68% → 19.29% (+0.61%)

9% less capital invested

Capital invested by funds: $260M → $238M (-$22.3M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
105
Holders Change
+4
Holders Change %
+3.96%
% of All Funds
2.31%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
36
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$6.13M
2
Ameriprise
Ameriprise
Minnesota
+$3.72M
3
Bank of America
Bank of America
North Carolina
+$3.41M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
+$2.88M
5
LCM
Landscape Capital Management
New Jersey
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
HH
Hilltop Holdings
Texas
-$6.5M
2
JWCA
J.W. Cole Advisors
Florida
-$5.62M
3
FFA
First Foundation Advisors
California
-$1.51M
4
OA
Oxbow Advisors
Texas
-$1.2M
5
CA
Cetera Advisors
Colorado
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFA
101
Carroll Financial Associates
North Carolina
$6K – – –
SCA
102
Stonebridge Capital Advisors
Minnesota
$2K – – –
NL
103
NWAM LLC
Washington
$1.39K +$136K +5,524 +9%
MLL
104
Moody Lynn & Lieberson
Massachusetts
$1.2K +$1.36M +55,230 New
HR
105
Howe & Rusling
New York
$1K +$1.23K +50 New
JWCA
106
J.W. Cole Advisors
Florida
– -$5.62M -230,900 Closed
OA
107
Oxbow Advisors
Texas
– -$1.2M -49,108 Closed
WKWM
108
Walter & Keenan Wealth Management
Indiana
– -$433K -17,800 Closed
PWSG
109
Pacific Wealth Strategies Group
California
– -$207K -8,500 Closed
WS
110
Wedbush Securities
California
– -$206K -8,446 Closed
Truist Financial
111
Truist Financial
North Carolina
– -$200K -8,219 Closed
TIM
112
Tortoise Investment Management
New York
– -$98K -4,030 Closed
ARMC
113
American Research & Management Company
Massachusetts
– -$34K -1,400 Closed
FPS
114
Fieldpoint Private Securities
Connecticut
– -$32K -1,300 Closed
CHAM
115
Clear Harbor Asset Management
Connecticut
– -$24.3K -1,000 Closed
CWA
116
Capital Wealth Alliance
Arizona
– -$13K -500 Closed
Fidelity Investments
117
Fidelity Investments
Massachusetts
– +$74 +3 New
1 2 3 4
5

BBN Hedge Fund Activity: Q1 2020 in Review

105 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2020, worth a combined $238M — down 8.6% from $260M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBN positions and 11 closed out — a net gain of 6 holders — while 36 added to existing stakes and 27 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $6.13M. The largest seller was Hilltop Holdings, cutting an estimated $6.5M.

  • 105 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2020, up from 101 in Q4 2019.
  • Funds reported $238M of BlackRock Taxable Municipal Bond Trust stock for Q1 2020, down 8.6% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2020 and 11 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2020 was Sit Investment Associates, an estimated $6.13M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2020 was Hilltop Holdings, an estimated $6.5M sold.

Based on aggregated 13F filings for Q1 2020.