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BlackRock Taxable Municipal Bond Trust
BBN

110 hedge funds and large institutions have $299M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 37 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 26

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

26% more capital invested

Capital invested by funds: $238M → $299M (+$61.4M)

5% more funds holding

Funds holding: 105 → 110 (+5)

1.86% more ownership

Funds ownership: 19.29% → 21.15% (+1.9%)

Holders
110
Holders Change
+5
Holders Change %
+4.76%
% of All Funds
2.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
37
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$17.3M
2
JWCA
J.W. Cole Advisors
Florida
+$5.31M
3
Ameriprise
Ameriprise
Minnesota
+$4.12M
4
Morgan Stanley
Morgan Stanley
New York
+$3.23M
5
UBS Group
UBS Group
Switzerland
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$3.47M
2
HH
Hilltop Holdings
Texas
-$2.26M
3
CA
Cetera Advisors
Colorado
-$1.75M
4
PCIA
Prime Capital Investment Advisors
Kansas
-$1.61M
5
LCM
Landscape Capital Management
New Jersey
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
101
PNC Financial Services Group
Pennsylvania
$17K – – –
SIS
102
Sound Income Strategies
Florida
$17K – – –
SFS
103
Sowell Financial Services
Arkansas
$17K +$2.67K +114 +20%
CAN
104
Cetera Advisor Networks
California
$15K +$13.8K +590 New
OIA
105
Optimum Investment Advisors
Illinois
$12K – – –
SL
106
Savior LLC
Massachusetts
$10K +$141 +6 +1%
CFA
107
Carroll Financial Associates
North Carolina
$7K – – –
EI
108
Ellevest Inc
New York
$3K +$2.58K +110 New
JG
109
Jefferies Group
New York
$2.45K -$44.7K -1,909 -2%
SCA
110
Stonebridge Capital Advisors
Minnesota
$2K – – –
PCIA
111
Prime Capital Investment Advisors
Kansas
– -$1.61M -73,825 Closed
LCM
112
Landscape Capital Management
New Jersey
– -$1.58M -72,624 Closed
AA
113
AQR Arbitrage
Connecticut
– -$918K -42,111 Closed
MCM
114
Maryland Capital Management
Maryland
– -$543K -24,900 Closed
ACA
115
Ackerman Capital Advisors
Texas
– -$501K -23,000 Closed
TJHA
116
Thomas J. Herzfeld Advisors
Florida
– -$288K -13,193 Closed
CAN
117
Claraphi Advisory Network
United States
– -$277K -12,704 Closed
Bank of New York Mellon
118
Bank of New York Mellon
New York
– -$240K -11,000 Closed
FIA
119
FNY Investment Advisers
New York
– -$58K -2,701 Closed
TFS
120
TrustCore Financial Services
Tennessee
– -$30K -1,373 Closed
RFA
121
Reilly Financial Advisors
California
– -$31K -1,247 Closed
MWM
122
MBE Wealth Management
Wisconsin
– -$13K -640 Closed
HR
123
Howe & Rusling
New York
– -$1K -50 Closed
Fidelity Investments
124
Fidelity Investments
Massachusetts
– -$47 -2 -67%
1 2 3 4
5

BBN Hedge Fund Activity: Q2 2020 in Review

110 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2020, worth a combined $299M — up 26% from $238M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BBN positions and 13 closed out — a net gain of 5 holders — while 37 added to existing stakes and 26 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $17.3M. The largest seller was Invesco, cutting an estimated $3.47M.

  • 110 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2020, up from 105 in Q1 2020.
  • Funds reported $299M of BlackRock Taxable Municipal Bond Trust stock for Q2 2020, up 26% quarter-over-quarter.
  • 18 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2020 and 13 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2020 was Sit Investment Associates, an estimated $17.3M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2020 was Invesco, an estimated $3.47M sold.

Based on aggregated 13F filings for Q2 2020.