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BlackRock Taxable Municipal Bond Trust
BBN

144 hedge funds and large institutions have $404M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

256% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 9

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

29% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 34

17% more funds holding

Funds holding: 123 → 144 (+21)

6% more capital invested

Capital invested by funds: $380M → $404M (+$23.6M)

1.14% more ownership

Funds ownership: 25% → 26.14% (+1.1%)

Holders
144
Holders Change
+21
Holders Change %
+17.07%
% of All Funds
2.22%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
32
Increased
44
Reduced
34
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FNBSF
First National Bank Sioux Falls
South Dakota
+$2.43M
2
Citadel Advisors
Citadel Advisors
Florida
+$2.19M
3
LPL Financial
LPL Financial
California
+$1.46M
4
Morgan Stanley
Morgan Stanley
New York
+$1.13M
5
Wells Fargo
Wells Fargo
California
+$868K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$6.19M
2
RCA
Reitz Capital Advisors
Michigan
-$1.08M
3
AWA
AmeriServ Wealth Advisors
Pennsylvania
-$1.06M
4
RJA
Raymond James & Associates
Florida
-$1.03M
5
TC
TownSquare Capital
Utah
-$937K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
101
Bank of New York Mellon
New York
$246K -$102K -3,949 -30%
OC
102
Oppenheimer & Co
New York
$246K -$51.6K -2,000 -18%
Lazard Asset Management
103
Lazard Asset Management
New York
$243K – – –
Northwestern Mutual Wealth Management
104
Northwestern Mutual Wealth Management
Wisconsin
$242K +$5.37K +208 +2%
OBWG
105
Onyx Bridge Wealth Group
New York
$241K – – –
PWSG
106
Pacific Wealth Strategies Group
California
$223K – – –
CC
107
Constitution Capital
Connecticut
$223K +$12.9K +500 +6%
BWM
108
BNC Wealth Management
Oregon
$222K +$219K +8,489 New
AC
109
Aristides Capital
Kentucky
$220K +$217K +8,389 New
AWM
110
Aevitas Wealth Management
Massachusetts
$214K +$3.02K +117 +1%
GFP
111
Gryphon Financial Partners
Ohio
$214K +$211K +8,175 New
DI
112
DFPG Investments
Utah
$210K +$229K +8,862 New
FAG
113
Fortitude Advisory Group
Washington
$163K +$161K +6,228 New
AIP
114
Ahrens Investment Partners
Louisiana
$131K +$129K +5,000 New
APA
115
American Portfolios Advisors
New York
$125K – – –
BFC
116
Bedel Financial Consulting
Indiana
$105K – – –
SCA
117
Snowden Capital Advisors
New York
$89K +$88K +3,410 New
SPIA
118
Steward Partners Investment Advisory
New York
$82K – – –
FCA
119
FinTrust Capital Advisors
South Carolina
$71K -$295K -11,430 -81%
BLC
120
Brown, Lisle/Cummings
Rhode Island
$58.9K +$58.1K +2,250 New
NSIM
121
North Star Investment Management
Illinois
$55K – – –
BEI
122
Benjamin Edwards Inc
Missouri
$46K -$3.43K -133 -7%
National Bank of Canada
123
National Bank of Canada
Quebec, Canada
$41K +$40K +1,550 New
US Bancorp
124
US Bancorp
Minnesota
$40K +$11.1K +430 +39%
RFA
125
Reilly Financial Advisors
California
$35K – – –
3 4
5
6 7

BBN Hedge Fund Activity: Q4 2021 in Review

144 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2021, worth a combined $404M — up 6.2% from $380M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BBN positions and 9 closed out — a net gain of 23 holders — while 44 added to existing stakes and 34 trimmed.

The largest buyer was First National Bank Sioux Falls, opening a new position worth an estimated $2.43M. The largest seller was UBS Group, cutting an estimated $6.19M.

  • 144 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2021, up from 123 in Q3 2021.
  • Funds reported $404M of BlackRock Taxable Municipal Bond Trust stock for Q4 2021, up 6.2% quarter-over-quarter.
  • 32 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2021 and 9 closed out, a net change of +23 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2021 was First National Bank Sioux Falls, an estimated $2.43M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2021 was UBS Group, an estimated $6.19M sold.

Based on aggregated 13F filings for Q4 2021.