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BlackRock Taxable Municipal Bond Trust

121 hedge funds and large institutions have $293M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 39 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $272M → $293M (+$20.5M)

0.5% more ownership

Funds ownership: 27.38%27.88% (+0.5%)

3% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 39

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

2% less funds holding

Funds holding: 124121 (-3)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
121
Holders Change
-3
Holders Change %
-2.42%
% of All Funds
1.93%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
38
Reduced
39
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$52.5M +$2.92M +165,346 +6%
UBS Group
2
UBS Group
Switzerland
$26.9M -$1.83M -103,681 -6%
Wells Fargo
3
Wells Fargo
California
$21.7M +$1.64M +92,943 +8%
GC
4
Guggenheim Capital
Illinois
$18.6M +$161K +9,119 +0.9%
EBWM
5
Eagle Bluffs Wealth Management
Missouri
$15.3M +$4.13M +234,116 +38%
Bank of America
6
Bank of America
North Carolina
$12.4M -$381K -21,584 -3%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$9.46M -$2.44M -138,123 -21%
FWM
8
Focused Wealth Management
New York
$9.02M +$361K +20,469 +4%
LPL Financial
9
LPL Financial
California
$8.94M +$1.95M +110,179 +28%
Invesco
10
Invesco
Georgia
$8.77M -$573K -32,441 -6%
HH
11
Hilltop Holdings
Texas
$7.95M +$628K +35,558 +9%
Osaic Holdings
12
Osaic Holdings
Arizona
$7.6M -$639K -36,177 -8%
SIA
13
Sit Investment Associates
Minnesota
$6.51M +$4.32M +244,893 +207%
LGA
14
Lebenthal Global Advisors
New York
$6.43M -$502K -28,446 -7%
Ameriprise
15
Ameriprise
Minnesota
$5.23M -$637K -36,066 -11%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$5.12M -$358K -20,274 -7%
BAAM
17
Baker Avenue Asset Management
California
$4.88M +$4.47M +253,389 +1,337%
HCM
18
Hudson Capital Management
New Jersey
$3.92M +$3.87M +218,962 New
RJA
19
Raymond James & Associates
Florida
$3.65M -$13.9K -785 -0.4%
BI
20
Bramshill Investments
Florida
$3.41M +$64.6K +3,660 +2%
CFG
21
Cooper Financial Group
California
$2.84M -$95.2K -5,390 -3%
Baird Financial Group
22
Baird Financial Group
Wisconsin
$2.56M +$21.2K +1,198 +0.8%
RCA
23
Reitz Capital Advisors
Michigan
$2.36M +$1.16M +65,772 +100%
HighTower Advisors
24
HighTower Advisors
Illinois
$2.22M +$58.5K +3,315 +3%
Fiera Capital (Canada)
25
Fiera Capital (Canada)
Quebec, Canada
$2.12M -$38.7K -2,193 -2%

BBN Hedge Fund Activity: Q1 2023 in Review

121 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2023, worth a combined $293M — up 7.5% from $272M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BBN and 16 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 38 added.

The largest buyer was Baker Avenue Asset Management, adding an estimated $4.47M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $6.64M sold.

  • 121 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2023, down from 124 in Q4 2022.
  • Funds reported $293M of BlackRock Taxable Municipal Bond Trust stock for Q1 2023, up 7.5% quarter-over-quarter.
  • 16 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2023 and 17 closed out, a net change of -1 holder.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2023 was Baker Avenue Asset Management, an estimated $4.47M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2023 was Penserra Capital Management, an estimated $6.64M sold.

Based on aggregated 13F filings for Q1 2023.