Vault-13

BLACKROCK TAX MUNICPAL BD TR BBN

SHS · Closed-End Fund · CUSIP 09248X100

121 institutional holders +4 vs Q3 2025
25,274,59725.3m shares reported held*
$408.8mreported value*
16 new 33 added 40 reduced 15 sold out net bought ≈ $4.8m (-5.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $16.17.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 119Q4 22: 125Q1 23: 123Q2 23: 127Q3 23: 124Q4 23: 124Q1 24: 116Q2 24: 125Q3 24: 126Q4 24: 123Q1 25: 117Q2 25: 118Q3 25: 117Q4 25: 121121Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022119
Q4 2022125
Q1 2023123
Q2 2023127
Q3 2023124
Q4 2023124
Q1 2024116
Q2 2024125
Q3 2024126
Q4 2024123
Q1 2025117
Q2 2025118
Q3 2025117
Q4 2025121

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 54 bought or addedQ1 24: 54 cut or sold outQ2 24: 57 bought or addedQ2 24: 49 cut or sold outQ2 24Q3 24: 60 bought or addedQ3 24: 53 cut or sold outQ4 24: 48 bought or addedQ4 24: 60 cut or sold outQ4 24Q1 25: 41 bought or addedQ1 25: 55 cut or sold outQ2 25: 41 bought or addedQ2 25: 51 cut or sold outQ2 25Q3 25: 47 bought or addedQ3 25: 47 cut or sold outQ4 25: 49 bought or addedQ4 25: 55 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245454
Q2 20245749
Q3 20246053
Q4 20244860
Q1 20254155
Q2 20254151
Q3 20254747
Q4 20254955

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +372,131+372.1k
J.W. COLE ADVISORS, INC. New +228,924+228.9k
Focus Partners Wealth New +177,656+177.7k
MORGAN STANLEY Added +169,391+169.4k
JANE STREET GROUP, LLC Added +110,665+110.7k
ROYAL BANK OF CANADA Added +77,324+77.3k
Corient Private Wealth LP Added +62,989+63.0k
UNITED CAPITAL FINANCIAL ADVISORS, LLC New +61,885+61.9k
Focused Wealth Management, Inc Added +58,658+58.7k
BANK OF AMERICA CORP /DE/ Added +53,363+53.4k

Biggest sellers

Gridiron Partners, LLC Reduced -6,168,320-6.2m
1607 Capital Partners, LLC Sold out -231,600-231.6k
Invesco Ltd. Reduced -204,104-204.1k
NorthCoast Asset Management LLC Sold out -177,639-177.6k
M&T Bank Corp Reduced -145,997-146.0k
Fiera Capital Corp Sold out -91,329-91.3k
LPL Financial LLC Reduced -68,912-68.9k
FIRST NATIONAL BANK SIOUX FALLS Sold out -58,446-58.4k
READYSTATE ASSET MANAGEMENT LP Sold out -49,659-49.7k
Calamos Advisors LLC Sold out -34,386-34.4k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
SIT INVESTMENT ASSOCIATES INC 13G · institution filed 2025-10-02 10.2% 6.3m≈ $102.2m 2025-10-02

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 1 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20241$1640——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 2.15% of their portfolio Minneapolis, MN 6,694,5666.7m $109.3m $109.3m 2.15% Added +372.1k +372,131
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,213,7735.2m $85.1m $85.1m 0.01% Added +169.4k +169,391
3 Eagle Bluffs Wealth Management LLC 13.97% of their portfolio COLUMBIA, MO 2,112,2552.1m $34.5m $34.5m 13.97% Added +52.4k +52,430
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,102,0751.1m $18.0m $18.0m 0.00% Added +53.4k +53,363
5 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 974,779974.8k $15.9m $15.9m 0.00% Added +35.9k +35,877
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 812,297812.3k $13.3m $13.3m 0.00% Added +5.0k +4,953
7 Focused Wealth Management, Inc 1.35% of their portfolio Newburgh, NY 776,422776.4k $12.7m $12.7m 1.35% Added +58.7k +58,658
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 736,719736.7k $12.0m $12.0m 0.00% Reduced -68.9k -68,912
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 699,996700.0k $11.4m $11.4m 0.00% Reduced -6.4k -6,437
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 682,680682.7k $11.1m $11.1m 0.00% Added +77.3k +77,324
11 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 583,626583.6k $9.5m $9.5m 0.00% Reduced -204.1k -204,104
12 M&T Bank Corp 0.03% of their portfolio BUFFALO, NY 497,237497.2k $8.1m $8.1m 0.03% Reduced -146.0k -145,997
13 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 380,291380.3k $6.2m $6.2m 0.00% Added +1.1k +1,146
14 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 228,924228.9k $12.2k $12.2k 0.00% New
15 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 179,747179.7k $2.9m $2.9m 0.00% Added +27.1k +27,065
16 Intellectus Partners, LLC 0.56% of their portfolio SAN FRANCISCO, CA 177,847177.8k $2.9m $2.9m 0.56% Added +3.6k +3,570
17 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 177,656177.7k $2.9m $2.9m 0.00% New
18 StoneX Group Inc. 0.12% of their portfolio NEW YORK, NY 175,352175.4k $2.9m $2.9m 0.12% Reduced -19.6k -19,610
19 Broyhill Asset Management, LLC 2.20% of their portfolio CHARLOTTE, NC 152,780152.8k $2.5m $2.5m 2.20% Reduced -11.2k -11,168
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 152,064152.1k $2.5m $2.5m 0.00% Added +110.7k +110,665
21 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 130,285130.3k $2.1m $2.1m 0.00% Reduced -34.1k -34,144
22 BENJAMIN EDWARDS INC 0.02% of their portfolio Clayton, MO 118,902118.9k $1.9m $1.9m 0.02% Added +1.4k +1,357
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 110,837110.8k $1.8m $1.8m 0.00% Reduced -2.3k -2,312
24 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 109,250109.2k $1.8m $1.8m 0.00% Added +63.0k +62,989
25 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 100,573100.6k $1.6m $1.6m 0.00% Reduced -1.6k -1,610
26 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 94,18194.2k $1.5m $1.5m 0.01% Reduced -6.3k -6,318
27 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 87,91587.9k $1.4m $1.4m 0.00% Reduced -1.6k -1,617
28 PRIMORIS WEALTH ADVISORS, LLC 0.78% of their portfolio North Palm Beach, FL 80,23380.2k $1.3m $1.3m 0.78% Added +4.0k +4,000
29 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 67,36967.4k $1.1m $1.1m 0.00% Reduced -426 -426
30 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 61,88561.9k $1.0m $1.0m 0.01% New
31 Lifetime Wealth Management P.C. 0.63% of their portfolio ROCKWALL, TX 61,45661.5k $1.0m $1.0m 0.63% First filing
32 RIVERBRIDGE PARTNERS LLC 0.02% of their portfolio MINNEAPOLIS, MN 56,77256.8k $926.5k $926.5k 0.02% Added +5.9k +5,889
33 Noble Wealth Management PBC 0.44% of their portfolio GREENWOOD VILLAGE, CO 54,22754.2k $885.0k $885.0k 0.44% Reduced -1.3k -1,270
34 Savvy Advisors, Inc. 0.03% of their portfolio NEW YORK, NY 54,13654.1k $883.5k $883.5k 0.03% Reduced -2.2k -2,186
35 Logan Stone Capital, LLC 0.21% of their portfolio CHICAGO, IL 50,94950.9k $831.5k $831.5k 0.21% New
36 NATURAL INVESTMENTS, LLC 0.20% of their portfolio WINDSOR, CA 49,33949.3k $805.0k $805.0k 0.20% Reduced -3.2k -3,181
37 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 49,31849.3k $805.0k $805.0k 0.00% Reduced -1.1k -1,103
38 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 43,94543.9k $717.2k $717.2k 0.00% Unchanged
39 Westview Management dba Westview Investment Advisors 0.34% of their portfolio BURLINGTON, VT 43,85243.9k $715.7k $715.7k 0.34% First filing
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 43,79643.8k $714.8k $714.8k 0.00% Added +6.3k +6,252
41 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 43,61243.6k $711.7k $711.7k 0.00% Reduced -13.9k -13,906
42 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 42,92142.9k $700.5k $700.5k 0.00% Reduced -2.9k -2,947
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 41,67941.7k $680.2k $680.2k 0.01% Reduced -65 -65
44 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 41,31041.3k $674.0k $674.0k 0.02% Added +3.8k +3,758
45 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 41,04641.0k $669.9k $669.9k 0.00% New
46 PURSUIT WEALTH STRATEGIES, LLC 0.94% of their portfolio RALEIGH, NC 41,04441.0k $669.8k $669.8k 0.94% First filing
47 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 39,93539.9k $651.7k $651.7k 0.00% Reduced -230 -230
48 ORLEANS CAPITAL MANAGEMENT CORP/LA 0.40% of their portfolio MANDEVILLE, LA 39,26539.3k $640.8k $640.8k 0.40% Reduced -1.0k -1,000
49 Walker Asset Management, LLC 0.32% of their portfolio SPRINGFIELD, MO 36,42136.4k $594.4k $594.4k 0.32% Reduced -2.7k -2,700
50 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 35,70035.7k $582.6k $582.6k 0.00% New
51 Addison Capital Co 0.14% of their portfolio Conshohocken, PA 35,14335.1k $573.5k $573.5k 0.14% Reduced -9.3k -9,302
52 SEVEN MILE ADVISORY 0.10% of their portfolio TALLAHASSEE, FL 34,76834.8k $567.4k $567.4k 0.10% Added +205 +205
53 Oder Investment Management, LLC 0.40% of their portfolio WOODLAND HILLS, CA 34,05534.1k $555.8k $555.8k 0.40% Reduced -4.4k -4,429
54 ACCESS FINANCIAL SERVICES, INC. 0.20% of their portfolio MINNEAPOLIS, MN 33,78433.8k $551.4k $551.4k 0.20% Reduced -688 -688
55 New England Private Wealth Advisors LLC 0.07% of their portfolio WELLESLEY, MA 32,56632.6k $531.5k $531.5k 0.07% New
56 Gridiron Partners, LLC 0.30% of their portfolio Wexford, PA 32,53132.5k $530.9k $530.9k 0.30% Reduced -6.2m -6,168,320
57 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 30,73130.7k $501.5k $501.5k 0.03% New
58 Coquina Private Wealth LLC 0.35% of their portfolio PORT CHARLOTTE, FL 26,69426.7k $435.6k $435.6k 0.35% First filing
59 Koshinski Asset Management, Inc. 0.03% of their portfolio DECATUR, IL 24,71724.7k $403.4k $403.4k 0.03% Added +8.1k +8,126
60 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 24,62324.6k $401.9k $401.9k 0.00% Reduced -441 -441
61 IBEX WEALTH ADVISORS 0.04% of their portfolio BEDMINSTER, NJ 22,35922.4k $364.9k $364.9k 0.04% Reduced -4.9k -4,948
62 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 21,89121.9k $357.3k $357.3k 0.01% Added +674 +674
63 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 21,69321.7k $354.0k $354.0k 0.00% New
64 INTEGRATED CAPITAL MANAGEMENT, INC. 0.23% of their portfolio JESSUP, PA 21,14121.1k $345.0k $345.0k 0.23% Reduced -347 -347
65 SCHNIEDERS CAPITAL MANAGEMENT, LLC. 0.05% of their portfolio PASADENA, CA 21,02521.0k $343.1k $343.1k 0.05% Unchanged
66 Rinkey Investments 0.09% of their portfolio San Diego, CA 20,58520.6k $335.9k $335.9k 0.09% New
67 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 20,41120.4k $333.1k $333.1k 0.00% Reduced -882 -882
68 Intellus Advisors LLC 0.04% of their portfolio NAPLES, FL 20,30020.3k $331.3k $331.3k 0.04% Added +300 +300
69 Comprehensive Money Management Services LLC 0.22% of their portfolio CORAL GABLES, FL 19,84519.8k $323.9k $323.9k 0.22% Unchanged
70 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 19,09119.1k $311.6k $311.6k 0.01% Reduced -3.4k -3,422
71 BRANDYWINE OAK PRIVATE WEALTH LLC 0.02% of their portfolio Kennett Square, PA 18,00018.0k $293.8k $293.8k 0.02% Unchanged
72 DELTA FINANCIAL ADVISORS LLC 0.07% of their portfolio Metairie, LA 16,98017.0k $277.1k $277.1k 0.07% Added +750 +750
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 15,30715.3k $249.7k $249.7k 0.00% Added +2.4k +2,381
74 MELFA WEALTH MANAGEMENT, INC. 0.14% of their portfolio WESTBOROUGH, MA 15,04015.0k $245.4k $245.4k 0.14% Unchanged
75 Caitlin John, LLC 0.16% of their portfolio BRIGHTON, MI 14,87114.9k $242.7k $242.7k 0.16% Reduced -7.9k -7,890
76 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 14,82014.8k $241.9k $241.9k 0.00% Added +2.6k +2,648
77 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 14,34514.3k $234.1k $234.1k 0.00% New
78 Mezzasalma Advisors, LLC 0.06% of their portfolio TINTON FALLS, NJ 14,33714.3k $233.8k $233.8k 0.06% Added +185 +185
79 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 14,04914.0k $229.3k $229.3k 0.00% Reduced -658 -658
80 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 13,09613.1k $214.0k $214.0k 0.00% Reduced -6.5k -6,546
81 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 12,99513.0k $212.1k $212.1k 0.00% New
82 Farmers & Merchants Trust Co of Chambersburg PA 0.06% of their portfolio CHAMBERSBURG, PA 12,88212.9k $210.0k $210.0k 0.06% Unchanged
83 Bryn Mawr Trust Advisors, LLC 0.01% of their portfolio PHILADELPHIA, PA 12,20212.2k $199.1k $199.1k 0.01% Reduced -848 -848
84 ASHTON THOMAS SECURITIES, LLC 0.04% of their portfolio ROCHESTER, NY 12,10012.1k $197.5k $197.5k 0.04% Unchanged
85 Carl P. Sherr & Co., LLC 0.09% of their portfolio WORCESTER, MA 11,81011.8k $192.5k $192.5k 0.09% Unchanged
86 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 11,73711.7k $191.6k $191.6k 0.01% Added +51 +51
87 Seelaus Asset Management LLC 0.15% of their portfolio CHATHAM, NJ 11,37511.4k $185.6k $185.6k 0.15% Added +100 +100
88 MERIDIAN INVESTMENT COUNSEL INC. 0.04% of their portfolio LAFAYETTE, CA 11,20011.2k $182.8k $182.8k 0.04% Reduced -2.5k -2,500
89 COMERICA BANK 0.00% of their portfolio DALLAS, TX 10,53310.5k $171.9k $171.9k 0.00% Reduced -560 -560
90 Palogic Value Management, L.P. 0.07% of their portfolio DALLAS, TX 10,50010.5k $171.4k $171.4k 0.07% Unchanged
91 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 10,50010.5k $171.4k $171.4k 0.00% Reduced -2.5k -2,500
92 WealthTrust Axiom LLC 0.04% of their portfolio WAYNE, PA 10,25910.3k $167.4k $167.4k 0.04% Unchanged
93 COMMONS CAPITAL, LLC 0.12% of their portfolio NEEDHAM, MA 10,11110.1k $165.0k $165.0k 0.12% New
94 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 8,7478.7k $142.6k $142.6k 0.00% Unchanged
95 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 8,3118.3k $135.6k $135.6k 0.00% Unchanged
96 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 7,8757.9k $128.5k $128.5k 0.00% Reduced -1.1k -1,050
97 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6,2766.3k $102.4k $102.4k 0.00% Added +3.1k +3,126
98 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 5,9636.0k $97.3k $97.3k 0.00% Added +338 +338
99 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 5,6225.6k $91.8k $91.8k 0.00% Added +96 +96
100 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 4,2004.2k $68.5k $68.5k 0.00% Added +300 +300