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BlackRock Taxable Municipal Bond Trust
BBN

128 hedge funds and large institutions have $332M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 44 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.63% less ownership

Funds ownership: 26.14% → 25.51% (-0.63%)

11% less funds holding

Funds holding: 144 → 128 (-16)

18% less capital invested

Capital invested by funds: $404M → $332M (-$72.1M)

23% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 44

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

48% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 29

Holders
128
Holders Change
-16
Holders Change %
-11.11%
% of All Funds
2.02%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
15
Increased
34
Reduced
44
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$8.08M
2
Ameriprise
Ameriprise
Minnesota
+$6.7M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$3.94M
4
FWM
Fortress Wealth Management
California
+$3.8M
5
Wells Fargo
Wells Fargo
California
+$3.66M

Top Sellers

Rank Fund Capital Flow
1
TC
TownSquare Capital
Utah
-$9.56M
2
PCM
Penserra Capital Management
California
-$4.67M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$4.44M
4
JG
Jefferies Group
New York
-$4.35M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$4.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
BFEC
126
Benjamin F. Edwards & Company
Missouri
$5K +$5.46K +237 New
SCA
127
Stonebridge Capital Advisors
Minnesota
$2K – – –
SIS
128
Sound Income Strategies
Florida
$1K – – –
PCM
129
Penserra Capital Management
California
– -$4.67M -178,467 Closed
JG
130
Jefferies Group
New York
– -$4.35M -165,988 Closed
Janney Montgomery Scott
131
Janney Montgomery Scott
Pennsylvania
– -$4.3M -164,437 Closed
GP
132
Geneva Partners
Wisconsin
– -$2.53M -96,726 Closed
Citadel Advisors
133
Citadel Advisors
Florida
– -$2.22M -84,853 Closed
CF
134
Centaurus Financial
California
– -$839K -32,046 Closed
FW
135
FirstPurpose Wealth
Utah
– -$606K -23,143 Closed
MML Investors Services
136
MML Investors Services
Massachusetts
– -$493K -18,837 Closed
CAN
137
Cetera Advisor Networks
California
– -$450K -17,199 Closed
LP
138
Lloyd Park
Illinois
– -$344K -13,145 Closed
CPSC
139
Carl P. Sherr & Co
Massachusetts
– -$309K -11,810 Closed
BTWM
140
Baker Tilly Wealth Management
Wisconsin
– -$309K -11,802 Closed
BFO
141
Biltmore Family Office
North Carolina
– -$263K -10,000 Closed
KPWS
142
Kestra Private Wealth Services
Texas
– -$262K -10,000 Closed
QC
143
Quent Capital
New York
– -$262K -10,000 Closed
DA
144
DCM Advisors
New York
– -$254K -9,683 Closed
AAS
145
Avantax Advisory Services
Texas
– -$247K -9,449 Closed
OC
146
Oppenheimer & Co
New York
– -$246K -9,398 Closed
Bank of New York Mellon
147
Bank of New York Mellon
New York
– -$246K -9,394 Closed
OBWG
148
Onyx Bridge Wealth Group
New York
– -$241K -9,300 Closed
DI
149
DFPG Investments
Utah
– -$210K -8,862 Closed
PWSG
150
Pacific Wealth Strategies Group
California
– -$223K -8,500 Closed
3 4 5
6
7

BBN Hedge Fund Activity: Q1 2022 in Review

128 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2022, worth a combined $332M — down 18% from $404M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of BBN and 15 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 34 added.

The largest buyer was Guggenheim Capital, adding an estimated $8.08M. The largest seller was TownSquare Capital, cutting an estimated $9.56M.

  • 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2022, down from 144 in Q4 2021.
  • Funds reported $332M of BlackRock Taxable Municipal Bond Trust stock for Q1 2022, down 18% quarter-over-quarter.
  • 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2022 and 29 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2022 was Guggenheim Capital, an estimated $8.08M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2022 was TownSquare Capital, an estimated $9.56M sold.

Based on aggregated 13F filings for Q1 2022.