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BlackRock Taxable Municipal Bond Trust
BBN

74 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

32% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 19

9% more funds holding

Funds holding: 68 → 74 (+6)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.74% less ownership

Funds ownership: 12.64% → 11.9% (-0.74%)

9% less capital invested

Capital invested by funds: $159M → $145M (-$13.8M)

Holders
74
Holders Change
+6
Holders Change %
+8.82%
% of All Funds
2.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
25
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DA
Doliver Advisors
Texas
+$941K
2
AIM
Allen Investment Management
New York
+$537K
3
PPA
Parametric Portfolio Associates
Washington
+$524K
4
U
UBS
Switzerland
+$336K
5
IH
IFC Holdings
Florida
+$335K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.77M
2
Jane Street
Jane Street
New York
-$1.95M
3
GEM
Global Endowment Management
North Carolina
-$1.58M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$1.37M
5
Wells Fargo
Wells Fargo
California
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$20.4M +$122K +5,663 +0.6%
Bank of America
2
Bank of America
North Carolina
$15.9M -$445K -20,675 -3%
U
3
UBS
Switzerland
$14.9M +$336K +15,622 +2%
Invesco
4
Invesco
Georgia
$10.1M -$331K -15,364 -3%
Wells Fargo
5
Wells Fargo
California
$9.51M -$1.3M -60,395 -12%
OA
6
Oxbow Advisors
Texas
$8.02M +$23.9K +1,110 +0.3%
SIA
7
Sit Investment Associates
Minnesota
$7.67M -$3.77M -175,395 -32%
LPL Financial
8
LPL Financial
California
$5.54M +$47.7K +2,219 +0.9%
Goldman Sachs
9
Goldman Sachs
New York
$5.03M +$108K +5,023 +2%
OHA
10
Oak Hill Advisors
New York
$5.02M – – –
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$4.6M -$1.16M -54,002 -20%
LI
12
Longer Investments
Arkansas
$3.83M -$206K -9,585 -5%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$3.8M – – –
BTS
14
BB&T Securities
Virginia
$2.67M +$2.15K +100 +0.8%
V
15
Veritable
Delaware
$2.39M – – –
HighTower Advisors
16
HighTower Advisors
Illinois
$1.64M +$6.48K +301 +0.4%
RJA
17
Raymond James & Associates
Florida
$1.62M -$125K -5,812 -7%
BA
18
Boston Advisors
Massachusetts
$1.51M -$86 -4 -0%
CWM
19
Cabot Wealth Management
Massachusetts
$1.42M +$31.8K +1,480 +2%
GC
20
Guggenheim Capital
Illinois
$1.32M -$72.5K -3,368 -5%
JG
21
Jefferies Group
New York
$1.22M +$65.3K +3,036 +6%
FFA
22
First Foundation Advisors
California
$1.11M +$107K +4,956 +10%
AC
23
Allstate Corporation
Illinois
$1.08M – – –
DA
24
Doliver Advisors
Texas
$919K +$941K +43,728 New
Cohen & Steers
25
Cohen & Steers
New York
$876K – – –
1
2 3 4

BBN Hedge Fund Activity: Q3 2014 in Review

74 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2014, worth a combined $145M — down 8.6% from $159M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BBN positions and 6 closed out — a net gain of 6 holders — while 25 added to existing stakes and 19 trimmed.

The largest buyer was Doliver Advisors, opening a new position worth an estimated $941K. The largest seller was Sit Investment Associates, cutting an estimated $3.77M.

  • 74 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2014, up from 68 in Q2 2014.
  • Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2014, down 8.6% quarter-over-quarter.
  • 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2014 and 6 closed out, a net change of +6 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2014 was Doliver Advisors, an estimated $941K added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2014 was Sit Investment Associates, an estimated $3.77M sold.

Based on aggregated 13F filings for Q3 2014.