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BlackRock Taxable Municipal Bond Trust
BBN

124 hedge funds and large institutions have $272M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 42 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

7% more capital invested

Capital invested by funds: $255M → $272M (+$17M)

6% more funds holding

Funds holding: 117 → 124 (+7)

0.96% more ownership

Funds ownership: 26.42% → 27.38% (+0.96%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

19% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 42

Holders
124
Holders Change
+7
Holders Change %
+5.98%
% of All Funds
1.99%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
22
Increased
34
Reduced
42
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$8.05M
2
Morgan Stanley
Morgan Stanley
New York
+$4.5M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.73M
4
JFG
Jefferies Financial Group
New York
+$2.04M
5
HH
Hilltop Holdings
Texas
+$1.99M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$6.16M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$2.57M
3
RCM
Rivernorth Capital Management
Florida
-$1M
4
SW
SVB Wealth
Massachusetts
-$759K
5
Bank of America
Bank of America
North Carolina
-$745K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
126
Rivernorth Capital Management
Florida
– -$1M -61,014 Closed
WKWM
127
Walter & Keenan Wealth Management
Indiana
– -$301K -18,300 Closed
AWA
128
AmeriServ Wealth Advisors
Pennsylvania
– -$202K -12,302 Closed
CPSC
129
Carl P. Sherr & Co
Massachusetts
– -$194K -11,810 Closed
CC
130
Constitution Capital
Connecticut
– -$183K -11,114 Closed
WWM
131
Western Wealth Management
Colorado
– -$180K -10,896 Closed
SPC
132
Sigma Planning Corp
Michigan
– -$173K -10,523 Closed
GWSG
133
GPS Wealth Strategies Group
Colorado
– -$87K -5,306 Closed
SWM
134
Selective Wealth Management
Virginia
– -$16K -983 Closed
CTC
135
Central Trust Company
Missouri
– -$8K -500 Closed
TRCT
136
Tower Research Capital (TRC)
New York
– +$86 +5 New
2 3 4 5
6

BBN Hedge Fund Activity: Q4 2022 in Review

124 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2022, worth a combined $272M — up 6.6% from $255M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BBN positions and 11 closed out — a net gain of 11 holders — while 34 added to existing stakes and 42 trimmed.

The largest buyer was Wells Fargo, adding an estimated $8.05M. The largest seller was Guggenheim Capital, cutting an estimated $6.16M.

  • 124 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2022, up from 117 in Q3 2022.
  • Funds reported $272M of BlackRock Taxable Municipal Bond Trust stock for Q4 2022, up 6.6% quarter-over-quarter.
  • 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2022 and 11 closed out, a net change of +11 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2022 was Wells Fargo, an estimated $8.05M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2022 was Guggenheim Capital, an estimated $6.16M sold.

Based on aggregated 13F filings for Q4 2022.