BlackRock Taxable Municipal Bond Trust
BBN
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.
110% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 10
7% more funds holding
Funds holding: 115 → 123 (+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: 2 → 2 (0)
0.51% less ownership
Funds ownership: 34.07% → 33.56% (-0.51%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.06M |
| 2 |
M&T Bank
Buffalo,
New York
|
+$3.47M |
| 3 |
Morgan Stanley
New York
|
+$3.42M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.52M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$13.1M |
| 2 |
RVPG
Relative Value Partners Group
|
-$2.33M |
| 3 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$1.06M |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$657K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$583K |
BBN Hedge Fund Activity: Q2 2024 in Review
123 of the 6,935 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.