BlackRock Taxable Municipal Bond Trust
BBN
98 hedge funds and large institutions have $187M invested in BlackRock Taxable Municipal Bond Trust in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 29 reducing their positions, and 17 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 29
3% more capital invested
Capital invested by funds: $182M → $187M (+$5.46M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.52% less ownership
Funds ownership: 15.1% → 14.59% (-0.52%)
5% less funds holding
Funds holding: 103 → 98 (-5)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.79M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$3.78M |
| 3 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
+$2.37M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.36M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$9.15M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$7.23M |
| 3 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$2.7M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.56M |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$2.18M |
BBN Hedge Fund Activity: Q1 2019 in Review
98 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2019, worth a combined $187M — up 3% from $182M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BBN and 12 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 33 added.
The largest buyer was Morgan Stanley, adding an estimated $4.79M. The largest seller was Goldman Sachs, exiting entirely with an estimated $9.15M sold.
- 98 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2019, down from 103 in Q4 2018.
- Funds reported $187M of BlackRock Taxable Municipal Bond Trust stock for Q1 2019, up 3% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2019 and 17 closed out, a net change of -5 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2019 was Morgan Stanley, an estimated $4.79M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2019 was Goldman Sachs, an estimated $9.15M sold.
Based on aggregated 13F filings for Q1 2019.