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BlackRock Taxable Municipal Bond Trust
BBN

123 hedge funds and large institutions have $380M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 35 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 35

2% more capital invested

Capital invested by funds: $374M → $380M (+$6.24M)

0.09% more ownership

Funds ownership: 24.91% → 25% (+0.09%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 128 → 123 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
123
Holders Change
-5
Holders Change %
-3.91%
% of All Funds
2.15%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
12
Increased
43
Reduced
35
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$4.63M
2
Morgan Stanley
Morgan Stanley
New York
+$3.12M
3
LPL Financial
LPL Financial
California
+$2.45M
4
Invesco
Invesco
Georgia
+$1.73M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.3M

Top Sellers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
-$2.78M
2
FNBSF
First National Bank Sioux Falls
South Dakota
-$2.42M
3
ASN
Advisory Services Network
Georgia
-$1.09M
4
TC
TownSquare Capital
Utah
-$1.01M
5
Wells Fargo
Wells Fargo
California
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
126
Advisory Services Network
Georgia
– -$1.09M -42,264 Closed
ACA
127
Ackerman Capital Advisors
Texas
– -$972K -37,721 Closed
EM
128
ELCO Management
New York
– -$402K -15,600 Closed
SRSA
129
S.R. Schill & Associates
Washington
– -$361K -14,003 Closed
JP Morgan Chase
130
JP Morgan Chase
New York
– -$343K -13,306 Closed
SAM
131
Secure Asset Management
Michigan
– -$335K -12,996 Closed
PWM
132
PRW Wealth Management
Massachusetts
– -$309K -11,985 Closed
HIP
133
HUB Investment Partners
Texas
– -$211K -8,190 Closed
WAM
134
Wolverine Asset Management
Illinois
– -$151K -5,862 Closed
FIA
135
FNY Investment Advisers
New York
– -$90K -3,500 Closed
PA
136
Parallel Advisors
California
– -$31K -1,200 Closed
LC
137
Lindbrook Capital
California
– -$26K -1,000 Closed
NFSG
138
Newbridge Financial Services Group
Florida
– -$17K -665 Closed
SL
139
Savior LLC
Massachusetts
– -$11K -439 Closed
PAM
140
Panagora Asset Management
Massachusetts
– -$2K -72 Closed
2 3 4 5
6

BBN Hedge Fund Activity: Q3 2021 in Review

123 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2021, worth a combined $380M — up 1.7% from $374M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of BBN and 12 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 43 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $4.63M. The largest seller was First Foundation Advisors, cutting an estimated $2.78M.

  • 123 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2021, down from 128 in Q2 2021.
  • Funds reported $380M of BlackRock Taxable Municipal Bond Trust stock for Q3 2021, up 1.7% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2021 and 16 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2021 was Penserra Capital Management, an estimated $4.63M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2021 was First Foundation Advisors, an estimated $2.78M sold.

Based on aggregated 13F filings for Q3 2021.