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BlackRock Taxable Municipal Bond Trust
BBN

117 hedge funds and large institutions have $255M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 31

0.23% less ownership

Funds ownership: 26.65% → 26.42% (-0.23%)

11% less funds holding

Funds holding: 132 → 117 (-15)

15% less capital invested

Capital invested by funds: $302M → $255M (-$46.3M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

61% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 23

Holders
117
Holders Change
-15
Holders Change %
-11.36%
% of All Funds
2.02%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
9
Increased
36
Reduced
31
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$6.72M
2
Morgan Stanley
Morgan Stanley
New York
+$4.61M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$2.76M
4
HH
Hilltop Holdings
Texas
+$2.62M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$8.7M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$6.54M
3
GC
Guggenheim Capital
Illinois
-$6.46M
4
V
Veritable
Delaware
-$3.43M
5
UBS Group
UBS Group
Switzerland
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nomura Holdings
126
Nomura Holdings
Japan
– -$216K -11,200 Closed
VCA
127
Verdence Capital Advisors
Maryland
– -$205K -10,697 Closed
Jane Street
128
Jane Street
New York
– -$201K -10,505 Closed
PCM
129
Poehling Capital Management
Wisconsin
– -$192K -10,000 Closed
TIM
130
Tortoise Investment Management
New York
– -$82K -4,275 Closed
VWM
131
Valley Wealth Managers
New Jersey
– -$58K -3,018 Closed
SWM
132
SeaCrest Wealth Management
New York
– -$44K -2,318 Closed
ARMC
133
American Research & Management Company
Massachusetts
– -$27K -1,400 Closed
FPFS
134
First Personal Financial Services
North Carolina
– -$26K -1,365 Closed
AIP
135
Ahrens Investment Partners
Louisiana
– -$19K -1,000 Closed
RTC
136
Riverview Trust Company
Washington
– -$16K -838 Closed
PMFA
137
Plante Moran Financial Advisors
Michigan
– -$10K -528 Closed
VVP
138
Venture Visionary Partners
Ohio
– -$6.48K -338 Closed
BlackRock
139
BlackRock
New York
– -$6K -329 Closed
2 3 4 5
6

BBN Hedge Fund Activity: Q3 2022 in Review

117 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2022, worth a combined $255M — down 15% from $302M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BBN and 9 opened new positions — a net loss of 14 holders — while 31 trimmed existing stakes and 36 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $6.72M. The largest seller was Ameriprise, cutting an estimated $8.7M.

  • 117 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2022, down from 132 in Q2 2022.
  • Funds reported $255M of BlackRock Taxable Municipal Bond Trust stock for Q3 2022, down 15% quarter-over-quarter.
  • 9 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2022 and 23 closed out, a net change of -14 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2022 was Penserra Capital Management, an estimated $6.72M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2022 was Ameriprise, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2022.