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BlackRock Taxable Municipal Bond Trust
BBN

131 hedge funds and large institutions have $353M invested in BlackRock Taxable Municipal Bond Trust in 2020 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 11

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

18% more capital invested

Capital invested by funds: $300M → $353M (+$53.3M)

15% more funds holding

Funds holding: 114 → 131 (+17)

2.96% more ownership

Funds ownership: 20.27% → 23.23% (+3%)

Holders
131
Holders Change
+17
Holders Change %
+14.91%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
32
Increased
36
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SB
Simmons Bank
Arkansas
+$7.71M
2
Northern Trust
Northern Trust
Illinois
+$4.59M
3
TC
TownSquare Capital
Utah
+$2.83M
4
Morgan Stanley
Morgan Stanley
New York
+$2.31M
5
Ameriprise
Ameriprise
Minnesota
+$1.23M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$8.86M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$1.81M
3
Stifel Financial
Stifel Financial
Missouri
-$724K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$615K
5
AIP
Ahrens Investment Partners
Louisiana
-$529K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$53.2M +$2.31M +88,629 +5%
GC
2
Guggenheim Capital
Illinois
$36.5M -$409K -15,687 -1%
UBS Group
3
UBS Group
Switzerland
$30.8M +$819K +31,407 +3%
Ameriprise
4
Ameriprise
Minnesota
$24M +$1.23M +47,085 +6%
LGA
5
Lebenthal Global Advisors
New York
$24M +$23.2M +889,297 New
Bank of America
6
Bank of America
North Carolina
$21M +$63.9K +2,451 +0.3%
Wells Fargo
7
Wells Fargo
California
$15M +$352K +13,495 +2%
TC
8
TownSquare Capital
Utah
$11.2M +$2.83M +108,531 +35%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$11M -$615K -23,595 -5%
Invesco
10
Invesco
Georgia
$10.3M -$329K -12,609 -3%
SB
11
Simmons Bank
Arkansas
$7.97M +$7.71M +295,677 New
JWCA
12
J.W. Cole Advisors
Florida
$7.46M +$782K +29,994 +12%
LPL Financial
13
LPL Financial
California
$6.32M +$429K +16,451 +8%
RJA
14
Raymond James & Associates
Florida
$5.79M +$845K +32,416 +18%
RJFSA
15
Raymond James Financial Services Advisors
Florida
$5.78M +$573K +21,978 +11%
FFA
16
First Foundation Advisors
California
$5.26M -$182K -6,999 -3%
Osaic Holdings
17
Osaic Holdings
Arizona
$4.58M +$1.02M +39,182 +30%
JG
18
Jefferies Group
New York
$3.81M -$25.5K -979 -0.7%
HighTower Advisors
19
HighTower Advisors
Illinois
$3.58M +$176K +6,756 +5%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$3.47M +$57.5K +2,207 +2%
Janney Montgomery Scott
21
Janney Montgomery Scott
Pennsylvania
$2.9M +$577K +22,118 +26%
Baird Financial Group
22
Baird Financial Group
Wisconsin
$2.89M -$1.81M -69,401 -39%
HH
23
Hilltop Holdings
Texas
$2.86M +$47.4K +1,819 +2%
PAMP
24
Polar Asset Management Partners
Ontario, Canada
$2.68M – – –
KPW
25
Kore Private Wealth
New York
$2.56M – – –
1
2 3 4 5

BBN Hedge Fund Activity: Q4 2020 in Review

131 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2020, worth a combined $353M — up 18% from $300M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new BBN positions and 11 closed out — a net gain of 21 holders — while 36 added to existing stakes and 27 trimmed.

The largest buyer was Simmons Bank, opening a new position worth an estimated $7.71M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $8.86M sold.

  • 131 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2020, up from 114 in Q3 2020.
  • Funds reported $353M of BlackRock Taxable Municipal Bond Trust stock for Q4 2020, up 18% quarter-over-quarter.
  • 32 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2020 and 11 closed out, a net change of +21 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2020 was Simmons Bank, an estimated $7.71M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2020 was Sit Investment Associates, an estimated $8.86M sold.

Based on aggregated 13F filings for Q4 2020.