Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
34 hedge funds and large institutions have $82.1M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 5 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
0.45% more ownership
Funds ownership: 21.48% → 21.93% (+0.45%)
3% less capital invested
Capital invested by funds: $85.1M → $82.1M (-$2.91M)
3% less funds holding
Funds holding: 35 → 34 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WT
Whittier Trust
South Pasadena,
California
|
+$1.27M |
| 2 |
UR
USCA RIA
Houston,
Texas
|
+$932K |
| 3 |
AF
Advisornet Financial
Minnetonka,
Minnesota
|
+$808K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$708K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$690K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.5M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$742K |
| 3 |
LCM
Laurion Capital Management
New York
|
-$513K |
| 4 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
-$284K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$214K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPC
26
Sigma Planning Corp
Ann Arbor,
Michigan
| $203K | +$4.33K | +200 | +2% |
|
27
Cohen & Steers
New York
| $129K | +$32.7K | +1,508 | +34% |
|
28
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $112K | – | – | – |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $68K | +$108 | +5 | +0.2% |
|
30
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $53K | – | – | – |
|
31
Citigroup
New York
| $45K | – | – | – |
|
|
AG
32
Advisor Group
Phoenix,
Arizona
| $8K | -$10.8K | -500 | -56% |
|
|
SPIA
33
Steward Partners Investment Advisory
New York
| $5K | – | – | – |
|
|
APA
34
American Portfolios Advisors
Holbrook,
New York
| $3.12K | +$3.14K | +145 | New |
|
|
LCM
35
Laurion Capital Management
New York
| – | -$513K | -22,555 | Closed |
|
|
AIP
36
Ahrens Investment Partners
Lafayette,
Louisiana
| – | -$284K | -12,500 | Closed |
|
37
US Bancorp
Minneapolis,
Minnesota
| – | -$90K | -3,974 | Closed |
|
|
MFW
38
Mosaic Family Wealth
St. Louis,
Missouri
| – | -$48K | -2,132 | Closed |
|
|
CA
39
Calton & Associates
Tampa,
Florida
| – | -$29K | -1,350 | Closed |
|
GBAB Hedge Fund Activity: Q1 2018 in Review
34 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2018, worth a combined $82.1M — down 3.4% from $85.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GBAB and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 12 added.
The largest buyer was Whittier Trust, opening a new position worth an estimated $1.27M. The largest seller was Bank of America, cutting an estimated $1.5M.
- 34 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2018, down from 35 in Q4 2017.
- Funds reported $82.1M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2018, down 3.4% quarter-over-quarter.
- 4 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2018 and 5 closed out, a net change of -1 holder.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2018 was Whittier Trust, an estimated $1.27M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2018 was Bank of America, an estimated $1.5M sold.
Based on aggregated 13F filings for Q1 2018.