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BlackRock Taxable Municipal Bond Trust

122 hedge funds and large institutions have $385M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 42 increasing their positions, 42 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

35% more capital invested

Capital invested by funds: $285M → $385M (+$99.5M)

8.2% more ownership

Funds ownership: 31.79%39.98% (+8.2%)

0% more funds holding

Funds holding: 122122 (0)

0% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 17

0% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 42

Holders
122
Holders Change
Holders Change %
0%
% of All Funds
1.78%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
17
Increased
42
Reduced
42
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LA
101
LM Advisors
California
$32.5K +$31K +2,000 New
MRCM
102
M&R Capital Management
New Jersey
$32.5K
US Bancorp
103
US Bancorp
Minnesota
$27.5K
KFI
104
Key Financial Inc
Pennsylvania
$24.4K +$23.3K +1,500 New
HIA
105
Harbor Investment Advisory
Maryland
$19.5K
CFD
106
Creative Financial Designs
Indiana
$17.7K +$7.92K +511 +88%
NS
107
NBC Securities
Alabama
$17K +$279 +18 +2%
GRP
108
Global Retirement Partners
California
$16.5K -$30.9K -1,994 -66%
IA
109
IFP Advisors
Florida
$16.3K
TC
110
Truvestments Capital
Florida
$16.3K +$15.5K +1,000 New
JP Morgan Chase
111
JP Morgan Chase
New York
$15.2K +$14.5K +935 New
PNC Financial Services Group
112
PNC Financial Services Group
Pennsylvania
$11.2K
BWL
113
Bogart Wealth LLC
Virginia
$10.1K +$186 +12 +2%
GJIA
114
Glass Jacobson Investment Advisors
Maryland
$10K
MIA
115
MeadowBrook Investment Advisors
Michigan
$8.91K +$8.5K +548 New
BWM
116
Baystate Wealth Management
Massachusetts
$8.22K +$7.83K +505 New
VWM
117
Venturi Wealth Management
Texas
$6.99K +$1.21K +78 +22%
DSC
118
Duncker Streett & Co
Missouri
$5.42K
AF
119
Allworth Financial
California
$4.88K -$884 -57 -16%
T
120
Tidemark
California
$4.5K +$4.3K +277 New
SIS
121
Sound Income Strategies
Florida
$488
TRCT
122
Tower Research Capital (TRC)
New York
$130 +$124 +8 New
Fidelity Investments
123
Fidelity Investments
Massachusetts
$16
RCM
124
Rivernorth Capital Management
Florida
-$4.07M -268,642 Closed
HCM
125
Hudson Capital Management
New Jersey
-$3.64M -239,882 Closed

BBN Hedge Fund Activity: Q4 2023 in Review

122 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2023, worth a combined $385M — up 35% from $285M a quarter earlier.

Fund positioning in BBN was balanced in Q4 2023: 17 funds opened new positions, 17 closed out, 42 added to existing stakes and 42 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $71.8M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.07M sold.

  • 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2023, unchanged from Q3 2023.
  • Funds reported $385M of BlackRock Taxable Municipal Bond Trust stock for Q4 2023, up 35% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2023 and 17 closed out, a net change of 0 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2023 was Morgan Stanley, an estimated $71.8M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2023 was Rivernorth Capital Management, an estimated $4.07M sold.

Based on aggregated 13F filings for Q4 2023.