BlackRock Taxable Municipal Bond Trust
BBN
122 hedge funds and large institutions have $385M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 42 increasing their positions, 42 reducing their positions, and 17 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
35% more capital invested
Capital invested by funds: $285M → $385M (+$99.5M)
8.2% more ownership
Funds ownership: 31.79% → 39.98% (+8.2%)
0% more funds holding
Funds holding: 122 → 122 (0)
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
0% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$71.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$12M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.23M |
| 4 |
RVPG
Relative Value Partners Group
|
+$2.19M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.07M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.68M |
| 3 |
HCM
Hudson Capital Management
Ramsey,
New Jersey
|
-$3.64M |
| 4 |
LGA
Lebenthal Global Advisors
Hauppauge,
New York
|
-$2.57M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.37M |
BBN Hedge Fund Activity: Q4 2023 in Review
122 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2023, worth a combined $385M — up 35% from $285M a quarter earlier.
Fund positioning in BBN was balanced in Q4 2023: 17 funds opened new positions, 17 closed out, 42 added to existing stakes and 42 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $71.8M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.07M sold.
- 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $385M of BlackRock Taxable Municipal Bond Trust stock for Q4 2023, up 35% quarter-over-quarter.
- 17 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2023 and 17 closed out, a net change of 0 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2023 was Morgan Stanley, an estimated $71.8M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2023 was Rivernorth Capital Management, an estimated $4.07M sold.
Based on aggregated 13F filings for Q4 2023.