BlackRock Taxable Municipal Bond Trust
BBN
125 hedge funds and large institutions have $278M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 15 closing their positions.
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
26% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 34
3% more funds holding
Funds holding: 121 → 125 (+4)
0.43% more ownership
Funds ownership: 27.88% → 28.31% (+0.43%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $293M → $278M (-$14.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.57M |
| 2 |
Morgan Stanley
New York
|
+$4.77M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.33M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.09M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$956K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.11M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.52M |
| 3 |
JFG
Jefferies Financial Group
New York
|
-$2.12M |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$1.73M |
| 5 |
LGA
Lebenthal Global Advisors
Hauppauge,
New York
|
-$1.6M |
BBN Hedge Fund Activity: Q2 2023 in Review
125 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2023, worth a combined $278M — down 5% from $293M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BBN positions and 15 closed out — a net gain of 5 holders — while 43 added to existing stakes and 34 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $6.57M. The largest seller was Wells Fargo, cutting an estimated $4.11M.
- 125 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2023, up from 121 in Q1 2023.
- Funds reported $278M of BlackRock Taxable Municipal Bond Trust stock for Q2 2023, down 5% quarter-over-quarter.
- 20 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2023 and 15 closed out, a net change of +5 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2023 was Sit Investment Associates, an estimated $6.57M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2023 was Wells Fargo, an estimated $4.11M sold.
Based on aggregated 13F filings for Q2 2023.