Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
33 hedge funds and large institutions have $87.8M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
18% more funds holding
Funds holding: 28 → 33 (+5)
11% more capital invested
Capital invested by funds: $79.1M → $87.8M (+$8.72M)
5.66% less ownership
Funds ownership: 21.04% → 15.37% (-5.7%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.18M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.91M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$1.13M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$322K |
| 5 |
Morgan Stanley
New York
|
+$291K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$24.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.32M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$186K |
| 4 |
PNC
Park National Corp
Newark,
Ohio
|
-$140K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$121K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $34K | -$5.11K | -240 | -13% |
|
|
WA
27
WFG Advisors
Dallas,
Texas
| $31K | +$30K | +1,409 | New |
|
|
NES
28
New England Securities
New York
| $29K | – | – | – |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $22K | +$21K | +987 | New |
|
|
TIM
30
Tortoise Investment Management
White Plains,
New York
| $17K | – | – | – |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $11K | -$32K | -1,500 | -75% |
|
|
TWA
32
TCI Wealth Advisors
Tucson,
Arizona
| $7K | +$6.39K | +300 | New |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $3K | -$14.9K | -700 | -84% |
|
|
GSC
34
Ground Swell Capital
Folly Beach,
South Carolina
| $1K | +$724 | +34 | New |
|
|
PP
35
Palladium Partners
Norfolk,
Virginia
| – | -$64K | -3,077 | Closed |
|
GBAB Hedge Fund Activity: Q2 2014 in Review
33 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q2 2014, worth a combined $87.8M — up 11% from $79.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GBAB positions and 2 closed out — a net gain of 5 holders — while 8 added to existing stakes and 9 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.18M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $24.6M sold.
- 33 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q2 2014, up from 28 in Q1 2014.
- Funds reported $87.8M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q2 2014, up 11% quarter-over-quarter.
- 7 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q2 2014 and 2 closed out, a net change of +5 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q2 2014 was Sit Investment Associates, an estimated $2.18M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q2 2014 was Guggenheim Capital, an estimated $24.6M sold.
Based on aggregated 13F filings for Q2 2014.