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BlackRock Taxable Municipal Bond Trust
BBN

114 hedge funds and large institutions have $300M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 26

31% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 13

4% more funds holding

Funds holding: 110 → 114 (+4)

0% more capital invested

Capital invested by funds: $299M → $300M (+$994K)

0.87% less ownership

Funds ownership: 21.15% → 20.27% (-0.87%)

Holders
114
Holders Change
+4
Holders Change %
+3.64%
% of All Funds
2.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
35
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HH
Hilltop Holdings
Texas
+$2.03M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.37M
3
IWM
IHT Wealth Management
Illinois
+$1.37M
4
SIC
Samalin Investment Counsel
New York
+$1.32M
5
Ameriprise
Ameriprise
Minnesota
+$1.18M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$16.8M
2
Stifel Financial
Stifel Financial
Missouri
-$2.01M
3
CA
Cetera Advisors
Colorado
-$1.63M
4
NL
NWAM LLC
Washington
-$1.61M
5
Morgan Stanley
Morgan Stanley
New York
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
WT
101
Whittier Trust
California
$26K – – –
FGA
102
Fortis Group Advisors
New Jersey
$25K +$25.9K +1,000 New
PAM
103
Panagora Asset Management
Massachusetts
$21K – – –
PNC Financial Services Group
104
PNC Financial Services Group
Pennsylvania
$18K – – –
SIS
105
Sound Income Strategies
Florida
$18K – – –
SFS
106
Sowell Financial Services
Arkansas
$18K – – –
NFSG
107
Newbridge Financial Services Group
Florida
$17K +$17.3K +665 New
OIA
108
Optimum Investment Advisors
Illinois
$13K – – –
CTC
109
Central Trust Company
Missouri
$12K +$12.3K +473 New
SL
110
Savior LLC
Massachusetts
$11K +$130 +5 +1%
S
111
SignatureFD
Georgia
$10K +$9.73K +375 New
CFA
112
Carroll Financial Associates
North Carolina
$7K – – –
CSPIA
113
Cary Street Partners Investment Advisory
Virginia
$6K +$6.49K +250 New
Barclays
114
Barclays
United Kingdom
$6K +$6.64K +256 New
FCA
115
FinTrust Capital Advisors
South Carolina
$374 -$186K -7,176 -33%
NL
116
NWAM LLC
Washington
– -$1.61M -64,601 Closed
TA
117
TCG Advisors
Texas
– -$1.06M -42,536 Closed
Jane Street
118
Jane Street
New York
– -$297K -11,911 Closed
SMFS
119
Squar Milner Financial Services
California
– -$236K -9,477 Closed
BI
120
Bramshill Investments
Florida
– -$115K -4,630 Closed
OSNBOA
121
Old Second National Bank of Aurora
Illinois
– -$110K -4,395 Closed
GAM
122
Gemmer Asset Management
California
– -$75K -3,011 Closed
ARMC
123
American Research & Management Company
Massachusetts
– -$35K -1,400 Closed
TRCT
124
Tower Research Capital (TRC)
New York
– -$32K -1,277 Closed
CAN
125
Cetera Advisor Networks
California
– -$15K -590 Closed
2 3 4
5
6

BBN Hedge Fund Activity: Q3 2020 in Review

114 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2020, worth a combined $300M — up 0.33% from $299M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBN positions and 13 closed out — a net gain of 4 holders — while 35 added to existing stakes and 26 trimmed.

The largest buyer was Hilltop Holdings, adding an estimated $2.03M. The largest seller was Sit Investment Associates, cutting an estimated $16.8M.

  • 114 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2020, up from 110 in Q2 2020.
  • Funds reported $300M of BlackRock Taxable Municipal Bond Trust stock for Q3 2020, up 0.33% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2020 and 13 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2020 was Hilltop Holdings, an estimated $2.03M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2020 was Sit Investment Associates, an estimated $16.8M sold.

Based on aggregated 13F filings for Q3 2020.