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BlackRock Taxable Municipal Bond Trust
BBN

114 hedge funds and large institutions have $300M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 26

31% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 13

4% more funds holding

Funds holding: 110 → 114 (+4)

0% more capital invested

Capital invested by funds: $299M → $300M (+$994K)

0.87% less ownership

Funds ownership: 21.15% → 20.27% (-0.87%)

Holders
114
Holders Change
+4
Holders Change %
+3.64%
% of All Funds
2.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
35
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HH
Hilltop Holdings
Texas
+$2.03M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.37M
3
IWM
IHT Wealth Management
Illinois
+$1.37M
4
SIC
Samalin Investment Counsel
New York
+$1.32M
5
Ameriprise
Ameriprise
Minnesota
+$1.18M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$16.8M
2
Stifel Financial
Stifel Financial
Missouri
-$2.01M
3
CA
Cetera Advisors
Colorado
-$1.63M
4
NL
NWAM LLC
Washington
-$1.61M
5
Morgan Stanley
Morgan Stanley
New York
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$48.8M -$1.31M -50,409 -3%
GC
2
Guggenheim Capital
Illinois
$35.5M +$225K +8,693 +0.6%
UBS Group
3
UBS Group
Switzerland
$28.8M +$115K +4,426 +0.4%
Ameriprise
4
Ameriprise
Minnesota
$21.9M +$1.18M +45,485 +6%
Bank of America
5
Bank of America
North Carolina
$20.1M +$686K +26,442 +4%
Wells Fargo
6
Wells Fargo
California
$14.1M +$445K +17,154 +3%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$11.2M +$94.4K +3,640 +0.9%
Invesco
8
Invesco
Georgia
$10.2M -$571K -22,020 -5%
SIA
9
Sit Investment Associates
Minnesota
$8.86M -$16.8M -647,519 -65%
TC
10
TownSquare Capital
Utah
$7.88M +$785K +30,249 +11%
JWCA
11
J.W. Cole Advisors
Florida
$6.39M +$520K +20,059 +9%
LPL Financial
12
LPL Financial
California
$5.65M +$319K +12,300 +6%
FFA
13
First Foundation Advisors
California
$5.24M +$22.7K +876 +0.4%
RJFSA
14
Raymond James Financial Services Advisors
Florida
$4.99M +$1.37M +52,946 +38%
RJA
15
Raymond James & Associates
Florida
$4.72M -$60.2K -2,319 -1%
Baird Financial Group
16
Baird Financial Group
Wisconsin
$4.58M +$215K +8,273 +5%
JG
17
Jefferies Group
New York
$3.68M +$1.14M +43,978 +45%
Osaic Holdings
18
Osaic Holdings
Arizona
$3.36M +$352K +13,562 +12%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$3.28M +$153K +5,880 +5%
HighTower Advisors
20
HighTower Advisors
Illinois
$3.27M -$89.2K -3,439 -3%
HH
21
Hilltop Holdings
Texas
$2.71M +$2.03M +78,178 +297%
PAMP
22
Polar Asset Management Partners
Ontario, Canada
$2.57M -$465K -17,924 -15%
KPW
23
Kore Private Wealth
New York
$2.46M – – –
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$2.21M +$1.15M +44,243 +108%
IWA
25
IBEX Wealth Advisors
New Jersey
$2.08M -$138K -5,324 -6%
1
2 3 4 5

BBN Hedge Fund Activity: Q3 2020 in Review

114 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2020, worth a combined $300M — up 0.33% from $299M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new BBN positions and 13 closed out — a net gain of 4 holders — while 35 added to existing stakes and 26 trimmed.

The largest buyer was Hilltop Holdings, adding an estimated $2.03M. The largest seller was Sit Investment Associates, cutting an estimated $16.8M.

  • 114 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2020, up from 110 in Q2 2020.
  • Funds reported $300M of BlackRock Taxable Municipal Bond Trust stock for Q3 2020, up 0.33% quarter-over-quarter.
  • 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2020 and 13 closed out, a net change of +4 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2020 was Hilltop Holdings, an estimated $2.03M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2020 was Sit Investment Associates, an estimated $16.8M sold.

Based on aggregated 13F filings for Q3 2020.