BlackRock Taxable Municipal Bond Trust
BBN
105 hedge funds and large institutions have $238M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 11 closing their positions.
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
33% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 27
4% more funds holding
Funds holding: 101 → 105 (+4)
0.61% more ownership
Funds ownership: 18.68% → 19.29% (+0.61%)
9% less capital invested
Capital invested by funds: $260M → $238M (-$22.3M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.13M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.72M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.41M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.88M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$6.5M |
| 2 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$5.62M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.51M |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.2M |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$1.09M |
BBN Hedge Fund Activity: Q1 2020 in Review
105 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2020, worth a combined $238M — down 8.6% from $260M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new BBN positions and 11 closed out — a net gain of 6 holders — while 36 added to existing stakes and 27 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $6.13M. The largest seller was Hilltop Holdings, cutting an estimated $6.5M.
- 105 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2020, up from 101 in Q4 2019.
- Funds reported $238M of BlackRock Taxable Municipal Bond Trust stock for Q1 2020, down 8.6% quarter-over-quarter.
- 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2020 and 11 closed out, a net change of +6 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2020 was Sit Investment Associates, an estimated $6.13M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2020 was Hilltop Holdings, an estimated $6.5M sold.
Based on aggregated 13F filings for Q1 2020.