BlackRock Taxable Municipal Bond Trust
BBN
115 hedge funds and large institutions have $330M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 18 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 35
3% more capital invested
Capital invested by funds: $319M → $330M (+$10.8M)
0.94% more ownership
Funds ownership: 33.13% → 34.07% (+0.94%)
6% less funds holding
Funds holding: 122 → 115 (-7)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$8.38M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.27M |
| 3 |
Morgan Stanley
New York
|
+$3.61M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.38M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.87M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.84M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$1.81M |
| 4 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
-$1.47M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.28M |
BBN Hedge Fund Activity: Q1 2024 in Review
115 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q1 2024, worth a combined $330M — up 3.4% from $319M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BBN and 12 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 44 added.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $8.38M. The largest seller was Osaic Holdings, cutting an estimated $3.87M.
- 115 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q1 2024, down from 122 in Q4 2023.
- Funds reported $330M of BlackRock Taxable Municipal Bond Trust stock for Q1 2024, up 3.4% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q1 2024 and 18 closed out, a net change of -6 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q1 2024 was Envestnet Asset Management, an estimated $8.38M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q1 2024 was Osaic Holdings, an estimated $3.87M sold.
Based on aggregated 13F filings for Q1 2024.