BlackRock Taxable Municipal Bond Trust
BBN
123 hedge funds and large institutions have $380M invested in BlackRock Taxable Municipal Bond Trust in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 35 reducing their positions, and 16 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 35
2% more capital invested
Capital invested by funds: $374M → $380M (+$6.24M)
0.09% more ownership
Funds ownership: 24.91% → 25% (+0.09%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less funds holding
Funds holding: 128 → 123 (-5)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$4.63M |
| 2 |
Morgan Stanley
New York
|
+$3.12M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.45M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.73M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
-$2.78M |
| 2 |
FNBSF
First National Bank Sioux Falls
Sioux Falls,
South Dakota
|
-$2.42M |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$1.09M |
| 4 |
TC
TownSquare Capital
Provo,
Utah
|
-$1.01M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1M |
BBN Hedge Fund Activity: Q3 2021 in Review
123 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2021, worth a combined $380M — up 1.7% from $374M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BBN and 12 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 43 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $4.63M. The largest seller was First Foundation Advisors, cutting an estimated $2.78M.
- 123 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2021, down from 128 in Q2 2021.
- Funds reported $380M of BlackRock Taxable Municipal Bond Trust stock for Q3 2021, up 1.7% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2021 and 16 closed out, a net change of -4 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2021 was Penserra Capital Management, an estimated $4.63M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2021 was First Foundation Advisors, an estimated $2.78M sold.
Based on aggregated 13F filings for Q3 2021.