BlackRock Taxable Municipal Bond Trust
BBN
78 hedge funds and large institutions have $176M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
14% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 21
11% more capital invested
Capital invested by funds: $158M → $176M (+$18M)
5% more funds holding
Funds holding: 74 → 78 (+4)
0.35% more ownership
Funds ownership: 13.04% → 13.4% (+0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
+$28M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$2.82M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.08M |
| 4 |
Morgan Stanley
New York
|
+$809K |
| 5 |
OC
Oppenheimer & Co
New York
|
+$598K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$6.88M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$4.38M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$4.33M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.03M |
| 5 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
-$1.98M |
BBN Hedge Fund Activity: Q1 2016 in Review
78 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2016, worth a combined $176M — up 11% from $158M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BBN positions and 11 closed out — a net gain of 4 holders — while 24 added to existing stakes and 21 trimmed.
The largest buyer was AmeriServ Wealth Advisors, opening a new position worth an estimated $28M. The largest seller was Oxbow Advisors, cutting an estimated $6.88M.
- 78 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2016, up from 74 in Q4 2015.
- Funds reported $176M of BlackRock Taxable Municipal Bond Trust stock for Q1 2016, up 11% quarter-over-quarter.
- 15 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2016 and 11 closed out, a net change of +4 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2016 was AmeriServ Wealth Advisors, an estimated $28M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2016 was Oxbow Advisors, an estimated $6.88M sold.
Based on aggregated 13F filings for Q1 2016.