BlackRock Taxable Municipal Bond Trust
BBN
133 hedge funds and large institutions have $302M invested in BlackRock Taxable Municipal Bond Trust in 2022 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 18 closing their positions.
43% more capital inflows, than outflows
Capital inflows: $41.3M | Capital outflows: $28.9M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
22% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 18
3% more funds holding
Funds holding: 129 → 133 (+4)
1.14% more ownership
Funds ownership: 25.51% → 26.65% (+1.1%)
22% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focused Wealth Management
Newburgh,
New York
|
+$8.87M |
| 2 |
Morgan Stanley
New York
|
+$7.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.46M |
| 4 |
Cooper Financial Group
Irvine,
California
|
+$3.4M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lebenthal Global Advisors
Hauppauge,
New York
|
-$6.08M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.08M |
| 3 |
Fortress Wealth Management
Culver City,
California
|
-$3.63M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.59M |
| 5 |
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$1.3M |
BBN Hedge Fund Activity: Q2 2022 in Review
133 of the 5,963 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2022, worth a combined $302M — down 9.1% from $332M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new BBN positions and 18 closed out — a net gain of 4 holders — while 32 added to existing stakes and 41 trimmed.
The largest buyer was Focused Wealth Management, adding an estimated $8.87M. The largest seller was Lebenthal Global Advisors, cutting an estimated $6.08M.
- 133 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2022, up from 129 in Q1 2022.
- Funds reported $302M of BlackRock Taxable Municipal Bond Trust stock for Q2 2022, down 9.1% quarter-over-quarter.
- 22 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2022 and 18 closed out, a net change of +4 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2022 was Focused Wealth Management, an estimated $8.87M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2022 was Lebenthal Global Advisors, an estimated $6.08M sold.
Based on aggregated 13F filings for Q2 2022.