BlackRock Taxable Municipal Bond Trust
BBN
84 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, 32 increasing their positions, 20 reducing their positions, and 9 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 20
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0% more funds holding
Funds holding: 84 → 84 (0)
0.34% less ownership
Funds ownership: 13.33% → 12.99% (-0.34%)
4% less capital invested
Capital invested by funds: $186M → $178M (-$8.05M)
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
84 of the 3,759 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 4.3% from $186M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BBN positions and 9 closed out — a net gain of 1 holder — while 32 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.
- 84 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $178M of BlackRock Taxable Municipal Bond Trust stock for Q3 2016, down 4.3% quarter-over-quarter.
- 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2016 and 9 closed out, a net change of +1 holder.
- 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.