Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
59 hedge funds and large institutions have $112M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 8 closing their positions.
37% more capital invested
Capital invested by funds: $81.9M → $112M (+$30.4M)
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
7.66% more ownership
Funds ownership: 24.3% → 31.97% (+7.7%)
6% less funds holding
Funds holding: 63 → 59 (-4)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$26.3M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.43M |
| 3 |
VVP
Venture Visionary Partners
Sylvania,
Ohio
|
+$955K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$520K |
| 5 |
PPP
Private Portfolio Partners
Paramus,
New Jersey
|
+$244K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IPW
Invictus Private Wealth
Denver,
Colorado
|
-$1.85M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$373K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$345K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$252K |
GBAB Hedge Fund Activity: Q4 2023 in Review
59 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2023, worth a combined $112M — up 37% from $81.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GBAB and 5 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 20 added.
The largest buyer was Morgan Stanley, adding an estimated $26.3M. The largest seller was Invictus Private Wealth, cutting an estimated $1.85M.
- 59 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2023, down from 63 in Q3 2023.
- Funds reported $112M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2023, up 37% quarter-over-quarter.
- 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2023 and 8 closed out, a net change of -3 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2023 was Morgan Stanley, an estimated $26.3M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2023 was Invictus Private Wealth, an estimated $1.85M sold.
Based on aggregated 13F filings for Q4 2023.