Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
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.
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: 23 → 22 (-1)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.87M |
| 2 |
Goldman Sachs
New York
|
+$1.25M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$904K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$486K |
| 5 |
CI
Conning Inc
Hartford,
Connecticut
|
+$318K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$20.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$693K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$635K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$540K |
| 5 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$471K |
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.