BlackRock Taxable Municipal Bond Trust
BBN
128 hedge funds and large institutions have $374M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 29 reducing their positions, and 15 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 29
8% more capital invested
Capital invested by funds: $345M → $374M (+$29M)
0.11% more ownership
Funds ownership: 24.8% → 24.91% (+0.11%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less funds holding
Funds holding: 129 → 128 (-1)
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.74M |
| 2 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
+$2.68M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$2.38M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.07M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$3.77M |
| 2 |
SB
Simmons Bank
Pine Bluff,
Arkansas
|
-$2.5M |
| 3 |
LGA
Lebenthal Global Advisors
Hauppauge,
New York
|
-$2.02M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$883K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$848K |
BBN Hedge Fund Activity: Q2 2021 in Review
128 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2021, worth a combined $374M — up 8.4% from $345M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BBN and 14 opened new positions — a net loss of 1 holder — while 29 trimmed existing stakes and 46 added.
The largest buyer was UBS Group, adding an estimated $3.74M. The largest seller was Northern Trust, cutting an estimated $3.77M.
- 128 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2021, down from 129 in Q1 2021.
- Funds reported $374M of BlackRock Taxable Municipal Bond Trust stock for Q2 2021, up 8.4% quarter-over-quarter.
- 14 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2021 and 15 closed out, a net change of -1 holder.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2021 was UBS Group, an estimated $3.74M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2021 was Northern Trust, an estimated $3.77M sold.
Based on aggregated 13F filings for Q2 2021.