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BlackRock Taxable Municipal Bond Trust
BBN

129 hedge funds and large institutions have $345M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 44 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

1.57% more ownership

Funds ownership: 23.23% → 24.8% (+1.6%)

2% less capital invested

Capital invested by funds: $353M → $345M (-$8.21M)

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

2% less funds holding

Funds holding: 131 → 129 (-2)

25% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 44

Holders
129
Holders Change
-2
Holders Change %
-1.53%
% of All Funds
2.26%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
12
Increased
33
Reduced
44
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$13.8M
2
V
Veritable
Delaware
+$7.01M
3
UBS Group
UBS Group
Switzerland
+$6.44M
4
BRWA
B. Riley Wealth Advisors
Florida
+$4.81M
5
TC
TownSquare Capital
Utah
+$3.47M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$6.46M
2
Ameriprise
Ameriprise
Minnesota
-$5.16M
3
SB
Simmons Bank
Arkansas
-$4.43M
4
LGA
Lebenthal Global Advisors
New York
-$2.2M
5
Bank of America
Bank of America
North Carolina
-$1.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
101
Steward Partners Investment Advisory
New York
$108K -$11.7K -460 -10%
APA
102
American Portfolios Advisors
New York
$100K – – –
BFC
103
Bedel Financial Consulting
Indiana
$99K – – –
IAIM
104
International Assets Investment Management
Florida
$71K – – –
BEI
105
Benjamin Edwards Inc
Missouri
$57K – – –
Citigroup
106
Citigroup
New York
$57K – – –
NSIM
107
North Star Investment Management
Illinois
$52K – – –
Northern Trust
108
Northern Trust
Illinois
$44K +$75K +2,946 +2%
BFEC
109
Benjamin F. Edwards & Company
Missouri
$43K -$12.1K -475 -21%
SIM
110
Sonora Investment Management
Arizona
$37K – – –
FPS
111
Fieldpoint Private Securities
Connecticut
$32K – – –
HIA
112
Harbor Investment Advisory
Maryland
$30K – – –
PA
113
Parallel Advisors
California
$30K – – –
WT
114
Whittier Trust
California
$25K -$25.6K -1,006 -50%
DSC
115
Duncker Streett & Co
Missouri
$25K – – –
Fifth Third Bancorp
116
Fifth Third Bancorp
Ohio
$25K – – –
US Bancorp
117
US Bancorp
Minnesota
$22K – – –
Rockefeller Capital Management
118
Rockefeller Capital Management
New York
$21K -$252K -9,904 -92%
CTC
119
Central Trust Company
Missouri
$19K +$7.63K +300 +63%
LCM
120
Logan Capital Management
Pennsylvania
$18K +$19.1K +750 New
SIS
121
Sound Income Strategies
Florida
$16.8K – – –
NFSG
122
Newbridge Financial Services Group
Florida
$16K – – –
EP
123
Eudaimonia Partners
Tennessee
$16K +$16.1K +634 New
PMFA
124
Plante Moran Financial Advisors
Michigan
$13K – – –
SL
125
Savior LLC
Massachusetts
$11K +$102 +4 +0.9%
2 3 4
5
6

BBN Hedge Fund Activity: Q1 2021 in Review

129 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2021, worth a combined $345M — down 2.3% from $353M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of BBN and 12 opened new positions — a net loss of 1 holder — while 44 trimmed existing stakes and 33 added.

The largest buyer was PNC Financial Services Group, adding an estimated $13.8M. The largest seller was Morgan Stanley, cutting an estimated $6.46M.

  • 129 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2021, down from 131 in Q4 2020.
  • Funds reported $345M of BlackRock Taxable Municipal Bond Trust stock for Q1 2021, down 2.3% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2021 and 13 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2021 was PNC Financial Services Group, an estimated $13.8M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2021 was Morgan Stanley, an estimated $6.46M sold.

Based on aggregated 13F filings for Q1 2021.