BlackRock Taxable Municipal Bond Trust
BBN
115 hedge funds and large institutions have $383M invested in BlackRock Taxable Municipal Bond Trust in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 41 reducing their positions, and 14 closing their positions.
0.91% more ownership
Funds ownership: 36.23% → 37.14% (+0.91%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 122 → 115 (-7)
20% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 41
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
47% less capital invested
Capital invested by funds: $725M → $383M (-$342M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$13M |
| 2 |
EBWM
Eagle Bluffs Wealth Management
Columbia,
Missouri
|
+$2.07M |
| 3 |
Morgan Stanley
New York
|
+$1.28M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.07M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$3.52M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.37M |
| 3 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$1.57M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$884K |
| 5 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$733K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HIA
126
Harbor Investment Advisory
Lutherville,
Maryland
| – | -$19.3K | -1,200 | Closed |
|
|
MCM
127
MAI Capital Management
Independence,
Ohio
| – | -$2.32K | -144 | Closed |
|
128
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$2K | -120 | Closed |
|
129
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$129 | -8 | Closed |
|
BBN Hedge Fund Activity: Q1 2025 in Review
115 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2025, worth a combined $383M — down 47% from $725M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BBN and 8 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 33 added.
The largest buyer was Sit Investment Associates, adding an estimated $13M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $3.52M sold.
- 115 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2025, down from 122 in Q4 2024.
- Funds reported $383M of BlackRock Taxable Municipal Bond Trust stock for Q1 2025, down 47% quarter-over-quarter.
- 8 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2025 and 14 closed out, a net change of -6 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2025 was Sit Investment Associates, an estimated $13M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2025 was Nine Masts Capital, an estimated $3.52M sold.
Based on aggregated 13F filings for Q1 2025.