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BlackRock Taxable Municipal Bond Trust
BBN

125 hedge funds and large institutions have $278M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 15

26% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 34

3% more funds holding

Funds holding: 121 → 125 (+4)

0.43% more ownership

Funds ownership: 27.88% → 28.31% (+0.43%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less capital invested

Capital invested by funds: $293M → $278M (-$14.7M)

Holders
125
Holders Change
+4
Holders Change %
+3.31%
% of All Funds
1.96%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
43
Reduced
34
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$6.57M
2
Morgan Stanley
Morgan Stanley
New York
+$4.77M
3
RCM
Rivernorth Capital Management
Florida
+$2.33M
4
LCM
Landscape Capital Management
New Jersey
+$1.09M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$956K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$4.11M
2
UBS Group
UBS Group
Switzerland
-$3.52M
3
JFG
Jefferies Financial Group
New York
-$2.12M
4
HH
Hilltop Holdings
Texas
-$1.73M
5
LGA
Lebenthal Global Advisors
New York
-$1.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
126
BlackRock
New York
$12 +$17 +1 New
JFG
127
Jefferies Financial Group
New York
– -$2.12M -118,177 Closed
JP Morgan Chase
128
JP Morgan Chase
New York
– -$687K -38,333 Closed
Millennium Management
129
Millennium Management
New York
– -$255K -14,244 Closed
RW
130
RVW Wealth
California
– -$253K -14,100 Closed
HWM
131
HB Wealth Management
Georgia
– -$220K -12,277 Closed
BAM
132
Belpointe Asset Management
Nevada
– -$214K -11,954 Closed
PG
133
Patten Group
Tennessee
– -$185K -10,325 Closed
VWA
134
VERITY Wealth Advisors
United States
– -$181K -10,078 Closed
JFA
135
JNBA Financial Advisors
Minnesota
– -$139K -7,735 Closed
ASN
136
Advisory Services Network
Georgia
– -$71.7K -4,000 Closed
BEI
137
Benjamin Edwards Inc
Missouri
– -$31K -1,750 Closed
CCP
138
Carmel Capital Partners
California
– -$26.2K -1,460 Closed
FMP
139
Financial Management Professionals
Texas
– -$24K -1,358 Closed
Fifth Third Bancorp
140
Fifth Third Bancorp
Ohio
– -$17.9K -1,000 Closed
PA
141
Parallel Advisors
California
– -$18 -1 Closed
2 3 4 5
6

BBN Hedge Fund Activity: Q2 2023 in Review

125 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2023, worth a combined $278M — down 5% from $293M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BBN positions and 15 closed out — a net gain of 5 holders — while 43 added to existing stakes and 34 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $6.57M. The largest seller was Wells Fargo, cutting an estimated $4.11M.

  • 125 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2023, up from 121 in Q1 2023.
  • Funds reported $278M of BlackRock Taxable Municipal Bond Trust stock for Q2 2023, down 5% quarter-over-quarter.
  • 20 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2023 and 15 closed out, a net change of +5 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2023 was Sit Investment Associates, an estimated $6.57M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2023 was Wells Fargo, an estimated $4.11M sold.

Based on aggregated 13F filings for Q2 2023.