BlackRock Taxable Municipal Bond Trust
BBN
83 hedge funds and large institutions have $178M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 10 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 20
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
0.34% less ownership
Funds ownership: 13.33% → 12.99% (-0.34%)
4% less capital invested
Capital invested by funds: $186M → $178M (-$8.14M)
1% less funds holding
Funds holding: 84 → 83 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.12M |
| 2 |
Bank of New York Mellon
New York
|
+$2.94M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$2.45M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.41M |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$5.93M |
| 2 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$5.05M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.01M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.93M |
| 5 |
PMLI
Penn Mutual Life Insurance
Horsham,
Pennsylvania
|
-$2.65M |
BBN Hedge Fund Activity: Q3 2016 in Review
83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2016, worth a combined $178M — down 4.4% from $186M a quarter earlier.
Fund positioning in BBN was balanced in Q3 2016: 10 funds opened new positions, 10 closed out, 31 added to existing stakes and 20 trimmed.
The largest buyer was UBS Group, adding an estimated $3.12M. The largest seller was Janus Henderson Investors US, cutting an estimated $5.93M.
- 83 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2016, down from 84 in Q2 2016.
- Funds reported $178M of BlackRock Taxable Municipal Bond Trust stock for Q3 2016, down 4.4% quarter-over-quarter.
- 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2016 and 10 closed out, a net change of 0 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2016 was UBS Group, an estimated $3.12M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2016 was Janus Henderson Investors US, an estimated $5.93M sold.
Based on aggregated 13F filings for Q3 2016.