BlackRock Taxable Municipal Bond Trust
BBN
124 hedge funds and large institutions have $359M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 18 closing their positions.
17% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 18
14% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 35
6% more capital invested
Capital invested by funds: $339M → $359M (+$19.5M)
1% more funds holding
Funds holding: 123 → 124 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.99% less ownership
Funds ownership: 33.56% → 32.58% (-0.99%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.11M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$5.79M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.24M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$2.22M |
| 5 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$10.5M |
| 2 |
M&T Bank
Buffalo,
New York
|
-$7.62M |
| 3 |
LPL Financial
San Diego,
California
|
-$5.08M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.17M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$3.31M |
BBN Hedge Fund Activity: Q3 2024 in Review
124 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2024, worth a combined $359M — up 5.7% from $339M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new BBN positions and 18 closed out — a net gain of 3 holders — while 40 added to existing stakes and 35 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.11M. The largest seller was Envestnet Asset Management, cutting an estimated $10.5M.
- 124 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2024, up from 123 in Q2 2024.
- Funds reported $359M of BlackRock Taxable Municipal Bond Trust stock for Q3 2024, up 5.7% quarter-over-quarter.
- 21 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2024 and 18 closed out, a net change of +3 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2024 was Morgan Stanley, an estimated $7.11M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2024 was Envestnet Asset Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q3 2024.