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BlackRock Taxable Municipal Bond Trust

123 hedge funds and large institutions have $339M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 39 increasing their positions, 38 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 10

7% more funds holding

Funds holding: 115123 (+8)

3% more capital invested

Capital invested by funds: $330M → $339M (+$9.57M)

3% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 38

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0.51% less ownership

Funds ownership: 34.07%33.56% (-0.51%)

Holders
123
Holders Change
+8
Holders Change %
+6.96%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
21
Increased
39
Reduced
38
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$73.3M +$3.42M +215,755 +5%
SIA
2
Sit Investment Associates
Minnesota
$57.3M +$2.12M +133,660 +4%
EBWM
3
Eagle Bluffs Wealth Management
Missouri
$22.1M +$1.4M +88,243 +7%
UBS Group
4
UBS Group
Switzerland
$17.9M -$301K -18,967 -2%
M&T Bank
5
M&T Bank
New York
$17.6M +$3.47M +218,712 +26%
LPL Financial
6
LPL Financial
California
$14.1M +$2.52M +158,752 +23%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$12.5M +$4.06M +255,824 +51%
Bank of America
8
Bank of America
North Carolina
$11.5M +$1.56M +98,133 +16%
Invesco
9
Invesco
Georgia
$11.5M +$177K +11,138 +2%
FWM
10
Focused Wealth Management
New York
$9.25M +$478K +30,164 +6%
Wells Fargo
11
Wells Fargo
California
$8.99M -$583K -36,777 -6%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$7.68M -$467K -29,460 -6%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$6.77M +$5.82K +367 +0.1%
RJA
14
Raymond James & Associates
Florida
$5.75M +$388K +24,489 +7%
Ameriprise
15
Ameriprise
Minnesota
$5.26M +$34.9K +2,202 +0.7%
LCM
16
Landscape Capital Management
New Jersey
$3.31M +$1.05M +65,996 +48%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$3M -$87.7K -5,534 -3%
IP
18
Intellectus Partners
California
$2.92M +$93.2K +5,882 +3%
Osaic Holdings
19
Osaic Holdings
Arizona
$2.5M -$8.4K -530 -0.3%
NMC
20
Nine Masts Capital
Hong Kong
$2M -$344K -21,714 -15%
Fiera Capital (Canada)
21
Fiera Capital (Canada)
Quebec, Canada
$1.98M
PAS
22
Park Avenue Securities
New York
$1.92M +$1.86M +117,640 New
HighTower Advisors
23
HighTower Advisors
Illinois
$1.66M -$42.8K -2,702 -3%
AC
24
Addison Capital
Pennsylvania
$1.61M -$98.9K -6,242 -6%
BFEC
25
Benjamin F. Edwards & Company
Missouri
$1.61M +$196K +12,395 +14%

BBN Hedge Fund Activity: Q2 2024 in Review

123 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2024, worth a combined $339M — up 2.9% from $330M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BBN positions and 10 closed out — a net gain of 11 holders — while 39 added to existing stakes and 38 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $4.06M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $13.1M sold.

  • 123 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2024, up from 115 in Q1 2024.
  • Funds reported $339M of BlackRock Taxable Municipal Bond Trust stock for Q2 2024, up 2.9% quarter-over-quarter.
  • 21 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2024 and 10 closed out, a net change of +11 holders.
  • The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2024 was Envestnet Asset Management, an estimated $4.06M added.
  • The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2024 was Guggenheim Capital, an estimated $13.1M sold.

Based on aggregated 13F filings for Q2 2024.