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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

22 hedge funds and large institutions have $69.7M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more capital invested

Capital invested by funds: $68.3M → $69.7M (+$1.4M)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

4.23% less ownership

Funds ownership: 17.9%13.68% (-4.2%)

4% less funds holding

Funds holding: 2322 (-1)

30% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 10

Holders
22
Holders Change
-1
Holders Change %
-4.35%
% of All Funds
0.71%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
7
Reduced
10
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
Guggenheim Capital
Illinois
$21.9M -$20.6M -997,869 Closed
Morgan Stanley
2
Morgan Stanley
New York
$17.2M +$4.87M +235,888 +38%
Invesco
3
Invesco
Georgia
$8.62M -$693K -33,587 -7%
Bank of America
4
Bank of America
North Carolina
$8.56M +$904K +43,835 +11%
Wells Fargo
5
Wells Fargo
California
$2.72M +$290K +14,066 +12%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$2.69M -$173K -8,378 -6%
PNC
7
Park National Corp
Ohio
$1.36M +$6.19K +300 +0.4%
Goldman Sachs
8
Goldman Sachs
New York
$1.22M +$1.25M +60,820 New
U
9
UBS
Switzerland
$1.13M -$78.2K -3,789 -6%
RJA
10
Raymond James & Associates
Florida
$801K -$540K -26,202 -40%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$711K +$84.7K +4,104 +13%
FAAS
12
First Allied Advisory Services
California
$626K -$55.6K -2,698 -8%
TC
13
TFS Capital
Pennsylvania
$473K +$486K +23,564 New
LPL Financial
14
LPL Financial
California
$347K -$91.6K -4,443 -20%
SNC
15
Stifel Nicolaus & Co
Missouri
$341K -$12.9K -625 -4%
CI
16
Conning Inc
Connecticut
$310K +$318K +15,425 New
KWMG
17
King Wealth Management Group
Florida
$236K -$8.25K -400 -3%
TJHA
18
Thomas J. Herzfeld Advisors
Florida
$203K
TRCT
19
Tower Research Capital (TRC)
New York
$100K +$86.7K +4,204 +536%
Deutsche Bank
20
Deutsche Bank
Germany
$96K +$47.4K +2,300 +92%
Citigroup
21
Citigroup
New York
$63K -$1.01K -49 -2%
BIM
22
BlackRock Investment Management
Delaware
$24K +$24.2K +1,175 New
Ameriprise
23
Ameriprise
Minnesota
$7K -$5.16K -250 -43%
PPA
24
Parametric Portfolio Associates
Washington
-$635K -29,015 Closed
PMG
25
ProVise Management Group
Florida
-$471K -21,525 Closed

GBAB Hedge Fund Activity: Q3 2013 in Review

22 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2013, worth a combined $69.7M — up 2.1% from $68.3M a quarter earlier.

Fund positioning in GBAB was balanced in Q3 2013: 4 funds opened new positions, 4 closed out, 7 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $4.87M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $20.6M sold.

  • 22 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2013, down from 23 in Q2 2013.
  • Funds reported $69.7M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2013, up 2.1% quarter-over-quarter.
  • 4 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2013 and 4 closed out, a net change of 0 holders.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2013 was Morgan Stanley, an estimated $4.87M added.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2013 was Guggenheim Capital, an estimated $20.6M sold.

Based on aggregated 13F filings for Q3 2013.