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BlackRock Taxable Municipal Bond Trust
BBN

93 hedge funds and large institutions have $145M invested in BlackRock Taxable Municipal Bond Trust in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 24

3% more capital invested

Capital invested by funds: $142M → $145M (+$3.71M)

0.06% more ownership

Funds ownership: 10.81% → 10.87% (+0.06%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 97 → 93 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
93
Holders Change
-4
Holders Change %
-4.12%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
35
Reduced
24
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$3.07M
2
Morgan Stanley
Morgan Stanley
New York
+$2.26M
3
GFPC
Global Financial Private Capital
Florida
+$2.07M
4
ECM
Evergreen Capital Management
Washington
+$816K
5
William Blair & Company
William Blair & Company
Illinois
+$637K

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.37M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
Invesco
Invesco
Georgia
-$1.55M
4
SIA
Sit Investment Associates
Minnesota
-$1.47M
5
SG Americas Securities
SG Americas Securities
New York
-$634K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$23.8M +$2.26M +96,189 +10%
UBS Group
2
UBS Group
Switzerland
$17.7M -$2.04M -86,854 -10%
Ameriprise
3
Ameriprise
Minnesota
$12.8M +$3.07M +131,129 +31%
Wells Fargo
4
Wells Fargo
California
$11.3M +$529K +22,544 +5%
Bank of America
5
Bank of America
North Carolina
$10.7M +$237K +10,101 +2%
Invesco
6
Invesco
Georgia
$8.7M -$1.55M -65,997 -15%
LI
7
Longer Investments
Arkansas
$5.15M -$17.2K -735 -0.3%
Stifel Financial
8
Stifel Financial
Missouri
$4.5M -$291K -12,409 -6%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$4.45M +$332K +14,146 +8%
RJA
10
Raymond James & Associates
Florida
$3.3M +$168K +7,151 +5%
HighTower Advisors
11
HighTower Advisors
Illinois
$3.26M +$163K +6,941 +5%
FFA
12
First Foundation Advisors
California
$2.34M -$558K -23,813 -19%
GFPC
13
Global Financial Private Capital
Florida
$2.06M +$2.07M +88,265 New
SIA
14
Sit Investment Associates
Minnesota
$2.06M -$1.47M -62,488 -41%
AFS
15
Access Financial Services
Minnesota
$1.83M +$32.2K +1,372 +2%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$1.79M +$337K +14,382 +23%
IP
17
Intellectus Partners
California
$1.67M +$27.2K +1,159 +2%
HH
18
Hilltop Holdings
Texas
$1.34M +$230K +9,814 +21%
ASN
19
Advisory Services Network
Georgia
$1.22M -$148K -6,325 -11%
MIC
20
Meridian Investment Counsel
California
$1.19M -$39.9K -1,700 -3%
BTS
21
BB&T Securities
Virginia
$1.1M -$9.26K -395 -0.8%
PAA
22
Peregrine Asset Advisers
Oregon
$843K -$34.2K -1,460 -4%
ECM
23
Evergreen Capital Management
Washington
$813K +$816K +34,802 New
CI
24
Conning Inc
Connecticut
$797K -$101K -4,300 -11%
LPL Financial
25
LPL Financial
California
$776K +$41.3K +1,761 +6%
1
2 3 4 5

BBN Hedge Fund Activity: Q3 2017 in Review

93 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2017, worth a combined $145M — up 2.6% from $142M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BBN and 8 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 35 added.

The largest buyer was Ameriprise, adding an estimated $3.07M. The largest seller was Bank of New York Mellon, cutting an estimated $2.37M.

  • 93 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2017, down from 97 in Q2 2017.
  • Funds reported $145M of BlackRock Taxable Municipal Bond Trust stock for Q3 2017, up 2.6% quarter-over-quarter.
  • 8 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2017 and 12 closed out, a net change of -4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2017 was Ameriprise, an estimated $3.07M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2017 was Bank of New York Mellon, an estimated $2.37M sold.

Based on aggregated 13F filings for Q3 2017.