BlackRock Taxable Municipal Bond Trust
BBN
129 hedge funds and large institutions have $345M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 44 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.57% more ownership
Funds ownership: 23.23% → 24.8% (+1.6%)
2% less capital invested
Capital invested by funds: $353M → $345M (-$8.21M)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
2% less funds holding
Funds holding: 131 → 129 (-2)
25% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$13.8M |
| 2 |
V
Veritable
Wilmington,
Delaware
|
+$7.01M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$6.44M |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$4.81M |
| 5 |
TC
TownSquare Capital
Provo,
Utah
|
+$3.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.46M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.16M |
| 3 |
SB
Simmons Bank
Pine Bluff,
Arkansas
|
-$4.43M |
| 4 |
LGA
Lebenthal Global Advisors
Hauppauge,
New York
|
-$2.2M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.51M |
BBN Hedge Fund Activity: Q1 2021 in Review
129 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2021, worth a combined $345M — down 2.3% from $353M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BBN and 12 opened new positions — a net loss of 1 holder — while 44 trimmed existing stakes and 33 added.
The largest buyer was PNC Financial Services Group, adding an estimated $13.8M. The largest seller was Morgan Stanley, cutting an estimated $6.46M.
- 129 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2021, down from 131 in Q4 2020.
- Funds reported $345M of BlackRock Taxable Municipal Bond Trust stock for Q1 2021, down 2.3% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2021 and 13 closed out, a net change of -1 holder.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2021 was PNC Financial Services Group, an estimated $13.8M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2021 was Morgan Stanley, an estimated $6.46M sold.
Based on aggregated 13F filings for Q1 2021.