Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
30 hedge funds and large institutions have $83.6M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 5 closing their positions.
0.33% less ownership
Funds ownership: 15.37% → 15.04% (-0.33%)
5% less capital invested
Capital invested by funds: $87.8M → $83.6M (-$4.21M)
9% less funds holding
Funds holding: 33 → 30 (-3)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.26M |
| 2 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$1.22M |
| 3 |
Morgan Stanley
New York
|
+$823K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$302K |
| 5 |
Cohen & Steers
New York
|
+$73K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.72M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$614K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$409K |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$93K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$81.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TIM
26
Tortoise Investment Management
White Plains,
New York
| $48K | +$32.5K | +1,500 | +200% |
|
27
Citigroup
New York
| $33K | – | – | – |
|
|
WA
28
WFG Advisors
Dallas,
Texas
| $30K | +$390 | +18 | +1% |
|
|
NES
29
New England Securities
New York
| $28K | – | – | – |
|
|
NFG
30
Next Financial Group
Houston,
Texas
| $21K | – | – | – |
|
|
31
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$93K | -4,200 | Closed |
|
32
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$11K | -500 | Closed |
|
|
TWA
33
TCI Wealth Advisors
Tucson,
Arizona
| – | -$7K | -300 | Closed |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| – | -$3K | -135 | Closed |
|
|
GSC
35
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$1K | -34 | Closed |
|
|
MAA
36
Managed Account Advisors
Jersey City,
New Jersey
| – | +$43 | +2 | New |
|
GBAB Hedge Fund Activity: Q3 2014 in Review
30 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2014, worth a combined $83.6M — down 4.8% from $87.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GBAB and 2 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 10 added.
The largest buyer was Wells Fargo, adding an estimated $1.26M. The largest seller was Bank of America, cutting an estimated $3.72M.
- 30 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2014, down from 33 in Q2 2014.
- Funds reported $83.6M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2014, down 4.8% quarter-over-quarter.
- 2 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2014 and 5 closed out, a net change of -3 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2014 was Wells Fargo, an estimated $1.26M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2014 was Bank of America, an estimated $3.72M sold.
Based on aggregated 13F filings for Q3 2014.