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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB

36 hedge funds and large institutions have $78M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

1% more capital invested

Capital invested by funds: $77.2M → $78M (+$775K)

0.42% less ownership

Funds ownership: 20.2% → 19.78% (-0.42%)

5% less funds holding

Funds holding: 38 → 36 (-2)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
36
Holders Change
-2
Holders Change %
-5.26%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
13
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.34M
2
WT
Whittier Trust
California
+$304K
3
CRC
Curi RMB Capital
Illinois
+$291K
4
HighTower Advisors
HighTower Advisors
Illinois
+$202K
5
FAAS
First Allied Advisory Services
California
+$201K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$929K
2
Wells Fargo
Wells Fargo
California
-$804K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
-$495K
4
Invesco
Invesco
Georgia
-$491K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$488K
Name Holding Trade Value Shares
Change 		Change in
Stake
OA
26
Oxbow Advisors
Texas
$224K – – –
FAAS
27
First Allied Advisory Services
California
$204K +$201K +8,983 New
HighTower Advisors
28
HighTower Advisors
Illinois
$204K +$202K +9,012 New
AG
29
Advisor Group
Arizona
$146K +$2.24K +100 +2%
Citigroup
30
Citigroup
New York
$111K +$10K +447 +10%
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$110K -$488K -21,792 -82%
BFEC
32
Benjamin F. Edwards & Company
Missouri
$85K – – –
WTC
33
WhitTier Trust Company
Nevada
$66K +$45.8K +2,045 +235%
Deutsche Bank
34
Deutsche Bank
Germany
$56K – – –
QCIG
35
Quad-Cities Investment Group
Iowa
$10K – – –
FMP
36
Financial Management Professionals
Texas
$9K – – –
SPC
37
Sigma Planning Corp
Michigan
– -$215K -9,787 Closed
RFC
38
Regions Financial Corp
Alabama
– -$63K -2,850 Closed
AWM
39
Arbor Wealth Management
Florida
– -$55K -2,500 Closed
WANY
40
Wealthspire Advisors (New York)
New York
– -$42K -1,905 Closed
1
2

GBAB Hedge Fund Activity: Q1 2019 in Review

36 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2019, worth a combined $78M — up 1% from $77.2M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of GBAB and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 13 added.

The largest buyer was Bank of America, adding an estimated $1.34M. The largest seller was Morgan Stanley, cutting an estimated $929K.

  • 36 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2019, down from 38 in Q4 2018.
  • Funds reported $78M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2019, up 1% quarter-over-quarter.
  • 3 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2019 and 5 closed out, a net change of -2 holders.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2019 was Bank of America, an estimated $1.34M added.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2019 was Morgan Stanley, an estimated $929K sold.

Based on aggregated 13F filings for Q1 2019.