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BlackRock Taxable Municipal Bond Trust

121 hedge funds and large institutions have $293M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 39 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $272M → $293M (+$20.5M)

0.5% more ownership

Funds ownership: 27.38%27.88% (+0.5%)

3% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 39

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

2% less funds holding

Funds holding: 124121 (-3)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
121
Holders Change
-3
Holders Change %
-2.42%
% of All Funds
1.93%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
38
Reduced
39
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CSPIA
101
Cary Street Partners Investment Advisory
Virginia
$34.9K
Carson Wealth (CWM LLC)
102
Carson Wealth (CWM LLC)
Nebraska
$32K -$7.5K -425 -19%
BEI
103
Benjamin Edwards Inc
Missouri
$31K
US Bancorp
104
US Bancorp
Minnesota
$30.3K
CCP
105
Carmel Capital Partners
California
$26.2K +$25.8K +1,460 New
FMP
106
Financial Management Professionals
Texas
$24K +$24K +1,358 New
IA
107
IFP Advisors
Florida
$21.8K
HIA
108
Harbor Investment Advisory
Maryland
$21.5K
WT
109
Whittier Trust
California
$18K
BLC
110
Brown, Lisle/Cummings
Rhode Island
$17.9K -$11.5K -650 -39%
Fifth Third Bancorp
111
Fifth Third Bancorp
Ohio
$17.9K
AIP
112
Ahrens Investment Partners
Louisiana
$17.9K +$17.7K +1,000 New
PNC Financial Services Group
113
PNC Financial Services Group
Pennsylvania
$15.6K +$3.18K +180 +26%
BWL
114
Bogart Wealth LLC
Virginia
$10.5K +$124 +7 +1%
CFD
115
Creative Financial Designs
Indiana
$10K +$177 +10 +2%
WWP
116
WR Wealth Planners
Missouri
$8.07K +$124 +7 +2%
SCA
117
Stonebridge Capital Advisors
Minnesota
$7.31K
DSC
118
Duncker Streett & Co
Missouri
$5.97K
AF
119
Allworth Financial
California
$5.38K
Commonwealth Equity Services
120
Commonwealth Equity Services
Massachusetts
$3.07K +$129K +7,281 +4%
SIS
121
Sound Income Strategies
Florida
$538
PA
122
Parallel Advisors
California
$18 +$18 +1 New
PCM
123
Penserra Capital Management
California
-$6.64M -394,180 Closed
WAM
124
Weiss Asset Management
Massachusetts
-$1.9M -113,050 Closed
PAMP
125
Polar Asset Management Partners
Ontario, Canada
-$1.67M -99,318 Closed

BBN Hedge Fund Activity: Q1 2023 in Review

121 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2023, worth a combined $293M — up 7.5% from $272M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BBN and 16 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 38 added.

The largest buyer was Baker Avenue Asset Management, adding an estimated $4.47M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $6.64M sold.

  • 121 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2023, down from 124 in Q4 2022.
  • Funds reported $293M of BlackRock Taxable Municipal Bond Trust stock for Q1 2023, up 7.5% quarter-over-quarter.
  • 16 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2023 and 17 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2023 was Baker Avenue Asset Management, an estimated $4.47M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2023 was Penserra Capital Management, an estimated $6.64M sold.

Based on aggregated 13F filings for Q1 2023.