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BlackRock Taxable Municipal Bond Trust
BBN

132 hedge funds and large institutions have $302M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

3% more funds holding

Funds holding: 128 → 132 (+4)

1.14% more ownership

Funds ownership: 25.51% → 26.65% (+1.1%)

9% less capital invested

Capital invested by funds: $332M → $302M (-$30.3M)

22% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 41

Holders
132
Holders Change
+4
Holders Change %
+3.13%
% of All Funds
2.22%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.07%
New
22
Increased
32
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FWM
Focused Wealth Management
New York
+$8.87M
2
Morgan Stanley
Morgan Stanley
New York
+$7.5M
3
UBS Group
UBS Group
Switzerland
+$5.46M
4
CFG
Cooper Financial Group
California
+$3.4M
5
Osaic Holdings
Osaic Holdings
Arizona
+$2.98M

Top Sellers

Rank Fund Capital Flow
1
LGA
Lebenthal Global Advisors
New York
-$6.08M
2
Ameriprise
Ameriprise
Minnesota
-$4.08M
3
FWM
Fortress Wealth Management
California
-$3.63M
4
Wells Fargo
Wells Fargo
California
-$1.59M
5
BRWA
B. Riley Wealth Advisors
Florida
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
101
SeaCrest Wealth Management
New York
$44K +$45.5K +2,318 New
Carson Wealth (CWM LLC)
102
Carson Wealth (CWM LLC)
Nebraska
$43K +$35.5K +1,805 +425%
NSIM
103
North Star Investment Management
Illinois
$40K – – –
BEI
104
Benjamin Edwards Inc
Missouri
$34K – – –
US Bancorp
105
US Bancorp
Minnesota
$32K +$2.95K +150 +10%
BLC
106
Brown, Lisle/Cummings
Rhode Island
$31.6K – – –
ARMC
107
American Research & Management Company
Massachusetts
$27K +$27.5K +1,400 New
FPFS
108
First Personal Financial Services
North Carolina
$26K +$26.8K +1,365 New
FPS
109
Fieldpoint Private Securities
Connecticut
$25K – – –
BONH
110
Bank of New Hampshire
New Hampshire
$23K – – –
HIA
111
Harbor Investment Advisory
Maryland
$23K – – –
IA
112
IFP Advisors
Florida
$22K – – –
AIP
113
Ahrens Investment Partners
Louisiana
$19K – – –
Fifth Third Bancorp
114
Fifth Third Bancorp
Ohio
$19K – – –
WT
115
Whittier Trust
California
$19K – – –
SWM
116
Selective Wealth Management
Virginia
$19K +$19.3K +983 New
RTC
117
Riverview Trust Company
Washington
$16K +$16.5K +838 New
National Bank of Canada
118
National Bank of Canada
Quebec, Canada
$11K -$19.6K -1,000 -65%
BWL
119
Bogart Wealth LLC
Virginia
$11K +$196 +10 +2%
CTC
120
Central Trust Company
Missouri
$10K – – –
PMFA
121
Plante Moran Financial Advisors
Michigan
$10K – – –
CFD
122
Creative Financial Designs
Indiana
$10K +$196 +10 +2%
Rockefeller Capital Management
123
Rockefeller Capital Management
New York
$9K – – –
WWP
124
WR Wealth Planners
Missouri
$8.15K +$157 +8 +2%
SCA
125
Stonebridge Capital Advisors
Minnesota
$8K +$6.29K +320 +364%
2 3 4
5
6

BBN Hedge Fund Activity: Q2 2022 in Review

132 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2022, worth a combined $302M — down 9.1% from $332M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 18 closed out — a net gain of 4 holders — while 32 added to existing stakes and 41 trimmed.

The largest buyer was Focused Wealth Management, adding an estimated $8.87M. The largest seller was Lebenthal Global Advisors, cutting an estimated $6.08M.

  • 132 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2022, up from 128 in Q1 2022.
  • Funds reported $302M of BlackRock Taxable Municipal Bond Trust stock for Q2 2022, down 9.1% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2022 and 18 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2022 was Focused Wealth Management, an estimated $8.87M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2022 was Lebenthal Global Advisors, an estimated $6.08M sold.

Based on aggregated 13F filings for Q2 2022.