BlackRock Taxable Municipal Bond Trust
BBN
92 hedge funds and large institutions have $165M invested in BlackRock Taxable Municipal Bond Trust in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 20 closing their positions.
128% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.49% less ownership
Funds ownership: 13.27% → 12.78% (-0.49%)
6% less capital invested
Capital invested by funds: $176M → $165M (-$11.1M)
12% less funds holding
Funds holding: 105 → 92 (-13)
65% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$7.68M |
| 2 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$5.86M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$924K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$451K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
-$13.5M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.83M |
| 3 |
Morgan Stanley
New York
|
-$1.47M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.21M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$874K |
BBN Hedge Fund Activity: Q1 2018 in Review
92 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2018, worth a combined $165M — down 6.3% from $176M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BBN and 7 opened new positions — a net loss of 13 holders — while 18 trimmed existing stakes and 41 added.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $7.68M. The largest seller was AmeriServ Wealth Advisors, cutting an estimated $13.5M.
- 92 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2018, down from 105 in Q4 2017.
- Funds reported $165M of BlackRock Taxable Municipal Bond Trust stock for Q1 2018, down 6.3% quarter-over-quarter.
- 7 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2018 and 20 closed out, a net change of -13 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2018 was Goldman Sachs, an estimated $7.68M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2018 was AmeriServ Wealth Advisors, an estimated $13.5M sold.
Based on aggregated 13F filings for Q1 2018.