BlackRock Taxable Municipal Bond Trust
BBN
122 hedge funds and large institutions have $725M invested in BlackRock Taxable Municipal Bond Trust in 2024 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 33 increasing their positions, 38 reducing their positions, and 21 closing their positions.
102% more capital invested
Capital invested by funds: $359M → $725M (+$366M)
3.65% more ownership
Funds ownership: 32.58% → 36.23% (+3.6%)
10% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 21
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 124 → 122 (-2)
13% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$18.6M |
| 2 |
EBWM
Eagle Bluffs Wealth Management
Columbia,
Missouri
|
+$5.32M |
| 3 |
SG
StoneX Group
New York
|
+$3.27M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.24M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$4.84M |
| 2 |
Morgan Stanley
New York
|
-$1.51M |
| 3 |
PA
PFG Advisors
Phoenix,
Arizona
|
-$1.04M |
| 4 |
HNWAG
High Net Worth Advisory Group
Naples,
Florida
|
-$1.02M |
| 5 |
Jane Street
New York
|
-$942K |
BBN Hedge Fund Activity: Q4 2024 in Review
122 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q4 2024, worth a combined $725M — up 102% from $359M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BBN positions and 21 closed out — a net gain of 2 holders — while 33 added to existing stakes and 38 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $18.6M. The largest seller was HighTower Advisors, cutting an estimated $4.84M.
- 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q4 2024, down from 124 in Q3 2024.
- Funds reported $725M of BlackRock Taxable Municipal Bond Trust stock for Q4 2024, up 102% quarter-over-quarter.
- 23 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q4 2024 and 21 closed out, a net change of +2 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q4 2024 was Sit Investment Associates, an estimated $18.6M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q4 2024 was HighTower Advisors, an estimated $4.84M sold.
Based on aggregated 13F filings for Q4 2024.