Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BLACKROCK TAX MUNICPAL BD TR (BBN)

108 + Investors. Track Smart Money conviction in BBN. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — BBN

Based on 108 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BBN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
108 funds currently hold this stock — 92% of the 3.0-year high of 118 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
4 fewer hedge funds hold BBN compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

51 buying52 selling
Last quarter: 51 funds bought or added vs 52 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new BBN position: 8 → 11 → 11 → 20. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

61% conviction (2yr+) 19% medium 19% new
66 out of 108 hedge funds have held BBN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -18%, value -58%

Value
-57%
Shares
-18%
Last quarter: funds added -18% more shares while total portfolio value only changed -58%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

20 → 8 → 11 → 11 → 20 new funds/Q
New funds entering each quarter: 8 → 11 → 11 → 20. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 64% of holders stayed 2+ years

64% veterans 14% 1-2yr 22% new
Of 108 current holders: 69 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
9 of 108 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BBN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: BBN

How many hedge funds hold BBN — quarterly history vs. share price
Quarterly hedge fund ownership of BBN vs. share price

Market Analysis: BBN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BBN

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 1 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: BBN
2026 Q1 Stats Unlock in 21 days 108 + Investors

Track Smart Money conviction in BBN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 108 105 2.86%
13F Shares 24M 30M -18.47%
Total Value $396M $935M -57.71%
New Positions 20 11 +9
Increased Positions 31 36 -5
Closed Positions 17 15 +2
Reduced Positions 35 34 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BBN

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

108 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BBN. Verified SEC 13F-HR filings.

Top 25 institutional holders of BBN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Eagle Bluffs Wealth Management LLC 13.87% 2,202,048 $35.6M
2 Focused Wealth Management, Inc 1.36% 812,411 $13.1M
3 PURSUIT WEALTH STRATEGIES, LLC 0.94% 41,044 $670K
4 Rareview Capital LLC 0.73% 76,836 $1.2M
5 Integrity Wealth Partners, LLC 0.65% 44,345 $717K
6 Noble Wealth Management PBC 0.60% 73,772 $1.2M
7 Intellectus Partners, LLC 0.52% 156,237 $2.5M
8 Walker Asset Management, LLC 0.32% 36,421 $589K
9 Gridiron Partners, LLC 0.27% 27,766 $449K
10 Comprehensive Money Management Services LLC 0.22% 21,095 $341K
11 ACCESS FINANCIAL SERVICES, INC. 0.19% 33,786 $546K
12 MELFA WEALTH MANAGEMENT, INC. 0.14% 15,040 $243K
13 Mezzasalma Advisors, LLC 0.06% 14,533 $235K
14 Farmers & Merchants Trust Co of Chambersburg PA 0.06% 12,882
15 RIVERBRIDGE PARTNERS LLC 0.05% 117,511 $1.9M
16 Koshinski Asset Management, Inc. 0.02% 24,717 $400K
17 BRANDYWINE OAK PRIVATE WEALTH LLC 0.02% 18,000 $291K
18 B. Riley Wealth Advisors, Inc. 0.02% 23,915 $375K
19 Opal Wealth Advisors, LLC 0.02% 6,230 $101K
20 LexAurum Advisors, LLC 0.02% 10,565 $171K
21 WEDBUSH SECURITIES INC 0.02% 44,172
22 GILL CAPITAL PARTNERS, LLC 0.02% 3,426 $55K
23 PARK AVENUE SECURITIES LLC 0.01% 111,998 $2K
24 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% 36,238 $586K
25 Kentucky Trust Co 0.01% 740 $12K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — BLACKROCK TAX MUNICPAL BD TR (BBN)

What does the Smart Money Trend signal show for BBN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BBN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BBN?

Slight buying edge — 50% buying: Last quarter: 51 funds bought or added vs 52 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BBN holders?

Elite ownership — 43% AUM from top-100 funds: 9 of 108 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BBN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BBN?

61% of holders stayed for 2+ years: 66 out of 108 hedge funds have held BBN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.