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BlackRock Taxable Municipal Bond Trust
BBN

122 hedge funds and large institutions have $285M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

19% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 36

3.47% more ownership

Funds ownership: 28.31% → 31.79% (+3.5%)

3% more capital invested

Capital invested by funds: $278M → $285M (+$7.17M)

2% less funds holding

Funds holding: 125 → 122 (-3)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

Holders
122
Holders Change
-3
Holders Change %
-2.4%
% of All Funds
1.94%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
12
Increased
43
Reduced
36
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$22.5M
2
M&T Bank
M&T Bank
New York
+$13.3M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$5.26M
4
Morgan Stanley
Morgan Stanley
New York
+$4.21M
5
Osaic Holdings
Osaic Holdings
Arizona
+$3.85M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$5.3M
2
BAAM
Baker Avenue Asset Management
California
-$4.89M
3
Wells Fargo
Wells Fargo
California
-$4.75M
4
HH
Hilltop Holdings
Texas
-$3.29M
5
BI
Bramshill Investments
Florida
-$2.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
101
North Star Investment Management
Illinois
$32K – – –
MRCM
102
M&R Capital Management
New Jersey
$30.3K – – –
CSPIA
103
Cary Street Partners Investment Advisory
Virginia
$29.6K – – –
Carson Wealth (CWM LLC)
104
Carson Wealth (CWM LLC)
Nebraska
$27K – – –
US Bancorp
105
US Bancorp
Minnesota
$25.6K – – –
HIA
106
Harbor Investment Advisory
Maryland
$18.2K – – –
IA
107
IFP Advisors
Florida
$15.2K – – –
FGA
108
Fortis Group Advisors
New Jersey
$15.2K +$15.9K +1,000 New
NS
109
NBC Securities
Alabama
$15K +$16.7K +1,045 New
PNC Financial Services Group
110
PNC Financial Services Group
Pennsylvania
$10.5K – – –
GJIA
111
Glass Jacobson Investment Advisors
Maryland
$9.32K – – –
TIM
112
Tortoise Investment Management
New York
$9.25K +$9.72K +610 New
BWL
113
Bogart Wealth LLC
Virginia
$9.24K +$207 +13 +2%
CFD
114
Creative Financial Designs
Indiana
$8.79K +$159 +10 +2%
WWP
115
WR Wealth Planners
Missouri
$7.03K +$96 +6 +1%
SCA
116
Stonebridge Capital Advisors
Minnesota
$6.18K – – –
AF
117
Allworth Financial
California
$5.41K – – –
VWM
118
Venturi Wealth Management
Texas
$5.33K +$797 +50 +17%
DSC
119
Duncker Streett & Co
Missouri
$5.05K – – –
BTI
120
Blue Trust Inc
Georgia
$2K – – –
BWS
121
Buck Wealth Strategies
Colorado
$1.61K +$16 +1 +1%
SIS
122
Sound Income Strategies
Florida
$455 – – –
Fidelity Investments
123
Fidelity Investments
Massachusetts
$15 +$16 +1 New
SCA
124
Snowden Capital Advisors
New York
– -$1.65M -99,457 Closed
MMA
125
Miracle Mile Advisors
California
– -$830K -50,048 Closed
2 3 4
5
6

BBN Hedge Fund Activity: Q3 2023 in Review

122 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2023, worth a combined $285M — up 2.6% from $278M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BBN and 12 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 43 added.

The largest buyer was Sit Investment Associates, adding an estimated $22.5M. The largest seller was UBS Group, cutting an estimated $5.3M.

  • 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2023, down from 125 in Q2 2023.
  • Funds reported $285M of BlackRock Taxable Municipal Bond Trust stock for Q3 2023, up 2.6% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2023 and 14 closed out, a net change of -2 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2023 was Sit Investment Associates, an estimated $22.5M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2023 was UBS Group, an estimated $5.3M sold.

Based on aggregated 13F filings for Q3 2023.