We are live on ! Find out more
BBN icon

BlackRock Taxable Municipal Bond Trust
BBN

128 hedge funds and large institutions have $332M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 44 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.63% less ownership

Funds ownership: 26.14% → 25.51% (-0.63%)

11% less funds holding

Funds holding: 144 → 128 (-16)

18% less capital invested

Capital invested by funds: $404M → $332M (-$72.1M)

23% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 44

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

48% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 29

Holders
128
Holders Change
-16
Holders Change %
-11.11%
% of All Funds
2.02%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
15
Increased
34
Reduced
44
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$8.08M
2
Ameriprise
Ameriprise
Minnesota
+$6.7M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$3.94M
4
FWM
Fortress Wealth Management
California
+$3.8M
5
Wells Fargo
Wells Fargo
California
+$3.66M

Top Sellers

Rank Fund Capital Flow
1
TC
TownSquare Capital
Utah
-$9.56M
2
PCM
Penserra Capital Management
California
-$4.67M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$4.44M
4
JG
Jefferies Group
New York
-$4.35M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$4.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
101
North Star Investment Management
Illinois
$47K – – –
BEI
102
Benjamin Edwards Inc
Missouri
$39K – – –
BLC
103
Brown, Lisle/Cummings
Rhode Island
$36.3K -$13.8K -600 -27%
National Bank of Canada
104
National Bank of Canada
Quebec, Canada
$34K – – –
US Bancorp
105
US Bancorp
Minnesota
$34K – – –
FPS
106
Fieldpoint Private Securities
Connecticut
$29K – – –
Creative Planning
107
Creative Planning
Kansas
$29K +$30.4K +1,318 New
HIA
108
Harbor Investment Advisory
Maryland
$26K – – –
BONH
109
Bank of New Hampshire
New Hampshire
$26K +$27.6K +1,200 New
HA
110
Herold Advisors
New York
$22K +$23K +1,000 New
AIP
111
Ahrens Investment Partners
Louisiana
$22K -$92.2K -4,000 -80%
Fifth Third Bancorp
112
Fifth Third Bancorp
Ohio
$22K – – –
WT
113
Whittier Trust
California
$22K – – –
IA
114
IFP Advisors
Florida
$22K +$23K +1,000 New
TIM
115
Tortoise Investment Management
New York
$15K – – –
PMFA
116
Plante Moran Financial Advisors
Michigan
$12K – – –
BWL
117
Bogart Wealth LLC
Virginia
$12K +$115 +5 +0.9%
Rockefeller Capital Management
118
Rockefeller Capital Management
New York
$11K -$8.71K -378 -43%
CTC
119
Central Trust Company
Missouri
$11K – – –
CFD
120
Creative Financial Designs
Indiana
$11K +$184 +8 +2%
WWP
121
WR Wealth Planners
Missouri
$9.2K +$9.63K +418 New
Carson Wealth (CWM LLC)
122
Carson Wealth (CWM LLC)
Nebraska
$9K +$9.79K +425 New
AF
123
Allworth Financial
California
$7K – – –
DSC
124
Duncker Streett & Co
Missouri
$7K – – –
Northern Trust
125
Northern Trust
Illinois
$6K -$163K -7,075 -21%
3 4
5
6 7

BBN Hedge Fund Activity: Q1 2022 in Review

128 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2022, worth a combined $332M — down 18% from $404M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of BBN and 15 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 34 added.

The largest buyer was Guggenheim Capital, adding an estimated $8.08M. The largest seller was TownSquare Capital, cutting an estimated $9.56M.

  • 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2022, down from 144 in Q4 2021.
  • Funds reported $332M of BlackRock Taxable Municipal Bond Trust stock for Q1 2022, down 18% quarter-over-quarter.
  • 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2022 and 29 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2022 was Guggenheim Capital, an estimated $8.08M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2022 was TownSquare Capital, an estimated $9.56M sold.

Based on aggregated 13F filings for Q1 2022.