Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
29 hedge funds and large institutions have $67.7M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 6 closing their positions.
0% more funds holding
Funds holding: 29 → 29 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
1.07% less ownership
Funds ownership: 13.36% → 12.29% (-1.1%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
17% less capital invested
Capital invested by funds: $81.5M → $67.7M (-$13.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.27M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$516K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$508K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$474K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.44M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.24M |
| 3 |
Goldman Sachs
New York
|
-$1.44M |
| 4 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$1.08M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$865K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $46K | -$10.8K | -500 | -18% |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $27K | – | – | – |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $14K | -$55.9K | -2,595 | -80% |
|
|
AIG
29
American International Group
New York
| $4.73K | +$4.96K | +230 | New |
|
|
30
Goldman Sachs
New York
| – | -$1.44M | -64,371 | Closed |
|
|
RJFSA
31
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$865K | -38,621 | Closed |
|
32
Stifel Financial
St. Louis,
Missouri
| – | -$234K | -10,450 | Closed |
|
|
WA
33
WFG Advisors
Dallas,
Texas
| – | -$32K | -1,427 | Closed |
|
34
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$16K | -700 | Closed |
|
|
BIM
35
BlackRock Investment Management
Wilmington,
Delaware
| – | +$86 | +4 | New |
|
GBAB Hedge Fund Activity: Q2 2015 in Review
29 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q2 2015, worth a combined $67.7M — down 17% from $81.5M a quarter earlier.
Fund positioning in GBAB was balanced in Q2 2015: 6 funds opened new positions, 6 closed out, 9 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $2.27M. The largest seller was Morgan Stanley, cutting an estimated $2.44M.
- 29 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q2 2015, unchanged from Q1 2015.
- Funds reported $67.7M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q2 2015, down 17% quarter-over-quarter.
- 6 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q2 2015 and 6 closed out, a net change of 0 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q2 2015 was Sit Investment Associates, an estimated $2.27M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q2 2015 was Morgan Stanley, an estimated $2.44M sold.
Based on aggregated 13F filings for Q2 2015.