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BlackRock Taxable Municipal Bond Trust
BBN

132 hedge funds and large institutions have $302M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

3% more funds holding

Funds holding: 128 → 132 (+4)

1.14% more ownership

Funds ownership: 25.51% → 26.65% (+1.1%)

9% less capital invested

Capital invested by funds: $332M → $302M (-$30.3M)

22% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 41

Holders
132
Holders Change
+4
Holders Change %
+3.13%
% of All Funds
2.22%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.07%
New
22
Increased
32
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FWM
Focused Wealth Management
New York
+$8.87M
2
Morgan Stanley
Morgan Stanley
New York
+$7.5M
3
UBS Group
UBS Group
Switzerland
+$5.46M
4
CFG
Cooper Financial Group
California
+$3.4M
5
Osaic Holdings
Osaic Holdings
Arizona
+$2.98M

Top Sellers

Rank Fund Capital Flow
1
LGA
Lebenthal Global Advisors
New York
-$6.08M
2
Ameriprise
Ameriprise
Minnesota
-$4.08M
3
FWM
Fortress Wealth Management
California
-$3.63M
4
Wells Fargo
Wells Fargo
California
-$1.59M
5
BRWA
B. Riley Wealth Advisors
Florida
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
VVP
126
Venture Visionary Partners
Ohio
$6.48K +$6.64K +338 New
AF
127
Allworth Financial
California
$6K – – –
DSC
128
Duncker Streett & Co
Missouri
$6K – – –
BlackRock
129
BlackRock
New York
$6K +$6.46K +329 New
BFEC
130
Benjamin F. Edwards & Company
Missouri
$5K – – –
Northern Trust
131
Northern Trust
Illinois
$5K +$9.76K +497 +2%
SIS
132
Sound Income Strategies
Florida
$1K – – –
FWM
133
Fortress Wealth Management
California
– -$3.63M -164,972 Closed
BRWA
134
B. Riley Wealth Advisors
Florida
– -$1.29M -58,785 Closed
BRC
135
Bell Rock Capital
Delaware
– -$418K -20,767 Closed
AWS
136
Atria Wealth Solutions
New York
– -$397K -18,038 Closed
RCM
137
Rivernorth Capital Management
Florida
– -$371K -16,855 Closed
EM
138
ELCO Management
New York
– -$363K -16,500 Closed
TGAM
139
TBH Global Asset Management
Tennessee
– -$282K -12,800 Closed
SWM
140
Spire Wealth Management
Virginia
– -$232K -10,515 Closed
Lido Advisors
141
Lido Advisors
California
– -$217K -9,889 Closed
BOPW
142
Brandywine Oak Private Wealth
Pennsylvania
– -$217K -9,880 Closed
NA
143
Nottingham Advisors
New York
– -$217K -9,875 Closed
Truist Financial
144
Truist Financial
North Carolina
– -$213K -9,696 Closed
PAA
145
Peregrine Asset Advisers
Oregon
– -$206K -9,360 Closed
FAG
146
Fortitude Advisory Group
Washington
– -$137K -6,228 Closed
BFC
147
Bedel Financial Consulting
Indiana
– -$88K -4,000 Closed
PFS
148
Prospera Financial Services
Texas
– -$55K -2,500 Closed
Creative Planning
149
Creative Planning
Kansas
– -$29K -1,318 Closed
HA
150
Herold Advisors
New York
– -$22K -1,000 Closed
2 3 4 5
6

BBN Hedge Fund Activity: Q2 2022 in Review

132 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2022, worth a combined $302M — down 9.1% from $332M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 18 closed out — a net gain of 4 holders — while 32 added to existing stakes and 41 trimmed.

The largest buyer was Focused Wealth Management, adding an estimated $8.87M. The largest seller was Lebenthal Global Advisors, cutting an estimated $6.08M.

  • 132 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2022, up from 128 in Q1 2022.
  • Funds reported $302M of BlackRock Taxable Municipal Bond Trust stock for Q2 2022, down 9.1% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2022 and 18 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2022 was Focused Wealth Management, an estimated $8.87M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2022 was Lebenthal Global Advisors, an estimated $6.08M sold.

Based on aggregated 13F filings for Q2 2022.