Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
52 hedge funds and large institutions have $79.7M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 8 reducing their positions, and 4 closing their positions.
213% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 8
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
13% more funds holding
Funds holding: 46 → 52 (+6)
8% more capital invested
Capital invested by funds: $73.6M → $79.7M (+$6.09M)
0.58% less ownership
Funds ownership: 16.65% → 16.08% (-0.58%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$972K |
| 2 |
ACI
Alpha Cubed Investments
Irvine,
California
|
+$839K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$567K |
| 4 |
LPL Financial
San Diego,
California
|
+$433K |
| 5 |
Morgan Stanley
New York
|
+$376K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$5.89M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$480K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$471K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$237K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$149K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAM
51
Panagora Asset Management
Boston,
Massachusetts
| $1K | -$4.76K | -192 | -82% |
|
|
GC
52
Guggenheim Capital
Chicago,
Illinois
| – | -$5.89M | -249,777 | Closed |
|
|
FFA
53
First Foundation Advisors
Irvine,
California
| – | -$480K | -20,368 | Closed |
|
|
CSPIA
54
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$15K | -650 | Closed |
|
55
Barclays
London,
United Kingdom
| – | -$2K | -88 | Closed |
|
56
Fidelity Investments
Boston,
Massachusetts
| – | +$25 | +1 | New |
|
GBAB Hedge Fund Activity: Q4 2020 in Review
52 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2020, worth a combined $79.7M — up 8.3% from $73.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new GBAB positions and 4 closed out — a net gain of 6 holders — while 25 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $972K. The largest seller was Guggenheim Capital, exiting entirely with an estimated $5.89M sold.
- 52 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2020, up from 46 in Q3 2020.
- Funds reported $79.7M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2020, up 8.3% quarter-over-quarter.
- 10 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2020 and 4 closed out, a net change of +6 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2020 was Bank of America, an estimated $972K added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2020 was Guggenheim Capital, an estimated $5.89M sold.
Based on aggregated 13F filings for Q4 2020.