Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
38 hedge funds and large institutions have $77.2M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 7 closing their positions.
4% less capital invested
Capital invested by funds: $80.3M → $77.2M (-$3.09M)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
1.42% less ownership
Funds ownership: 21.62% → 20.2% (-1.4%)
3% less funds holding
Funds holding: 39 → 38 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.42M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$806K |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$693K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$333K |
| 5 |
BB
Busey Bank
Urbana,
Illinois
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.95M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.27M |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
-$1.11M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$951K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$846K |
GBAB Hedge Fund Activity: Q4 2018 in Review
38 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2018, worth a combined $77.2M — down 3.8% from $80.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of GBAB and 6 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 12 added.
The largest buyer was Morgan Stanley, adding an estimated $1.42M. The largest seller was UBS Group, cutting an estimated $2.95M.
- 38 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2018, down from 39 in Q3 2018.
- Funds reported $77.2M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2018, down 3.8% quarter-over-quarter.
- 6 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2018 and 7 closed out, a net change of -1 holder.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2018 was Morgan Stanley, an estimated $1.42M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2018 was UBS Group, an estimated $2.95M sold.
Based on aggregated 13F filings for Q4 2018.