BlackRock Taxable Municipal Bond Trust
BBN
128 hedge funds and large institutions have $332M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 44 reducing their positions, and 29 closing their positions.
0.63% less ownership
Funds ownership: 26.14% → 25.51% (-0.63%)
11% less funds holding
Funds holding: 144 → 128 (-16)
18% less capital invested
Capital invested by funds: $404M → $332M (-$72.1M)
23% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 44
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
48% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$8.08M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.7M |
| 3 |
EBWM
Eagle Bluffs Wealth Management
Columbia,
Missouri
|
+$3.94M |
| 4 |
FWM
Fortress Wealth Management
Culver City,
California
|
+$3.8M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$3.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TownSquare Capital
Provo,
Utah
|
-$9.56M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$4.67M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$4.44M |
| 4 |
JG
Jefferies Group
New York
|
-$4.35M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$4.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BWM
151
BNC Wealth Management
Beaverton,
Oregon
| – | -$222K | -8,489 | Closed |
|
|
AC
152
Aristides Capital
Louisville,
Kentucky
| – | -$220K | -8,389 | Closed |
|
|
AWM
153
Aevitas Wealth Management
Wellesley Hills,
Massachusetts
| – | -$214K | -8,193 | Closed |
|
|
GFP
154
Gryphon Financial Partners
Columbus,
Ohio
| – | -$214K | -8,175 | Closed |
|
|
ODG
155
O'Dell Group
Cincinnati,
Ohio
| – | -$12K | -460 | Closed |
|
|
WFS
156
Widmann Financial Services
Bowie,
Maryland
| – | -$10K | -405 | Closed |
|
|
TRCT
157
Tower Research Capital (TRC)
New York
| – | -$3K | -128 | Closed |
|
158
Fidelity Investments
Boston,
Massachusetts
| – | -$23 | -1 | -50% |
|
BBN Hedge Fund Activity: Q1 2022 in Review
128 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2022, worth a combined $332M — down 18% from $404M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BBN and 15 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 34 added.
The largest buyer was Guggenheim Capital, adding an estimated $8.08M. The largest seller was TownSquare Capital, cutting an estimated $9.56M.
- 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2022, down from 144 in Q4 2021.
- Funds reported $332M of BlackRock Taxable Municipal Bond Trust stock for Q1 2022, down 18% quarter-over-quarter.
- 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2022 and 29 closed out, a net change of -14 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2022 was Guggenheim Capital, an estimated $8.08M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2022 was TownSquare Capital, an estimated $9.56M sold.
Based on aggregated 13F filings for Q1 2022.