BlackRock Taxable Municipal Bond Trust
BBN
131 hedge funds and large institutions have $353M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 11 closing their positions.
191% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 11
33% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 27
18% more capital invested
Capital invested by funds: $300M → $353M (+$53.3M)
15% more funds holding
Funds holding: 114 → 131 (+17)
2.96% more ownership
Funds ownership: 20.27% → 23.23% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SB
Simmons Bank
Pine Bluff,
Arkansas
|
+$7.71M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$4.59M |
| 3 |
TC
TownSquare Capital
Provo,
Utah
|
+$2.83M |
| 4 |
Morgan Stanley
New York
|
+$2.31M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.86M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.81M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$724K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$615K |
| 5 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
-$529K |
BBN Hedge Fund Activity: Q4 2020 in Review
131 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2020, worth a combined $353M — up 18% from $300M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new BBN positions and 11 closed out — a net gain of 21 holders — while 36 added to existing stakes and 27 trimmed.
The largest buyer was Simmons Bank, opening a new position worth an estimated $7.71M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $8.86M sold.
- 131 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2020, up from 114 in Q3 2020.
- Funds reported $353M of BlackRock Taxable Municipal Bond Trust stock for Q4 2020, up 18% quarter-over-quarter.
- 32 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2020 and 11 closed out, a net change of +21 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2020 was Simmons Bank, an estimated $7.71M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2020 was Sit Investment Associates, an estimated $8.86M sold.
Based on aggregated 13F filings for Q4 2020.