Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
28 hedge funds and large institutions have $75.9M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 6 closing their positions.
482% more capital inflows, than outflows
Capital inflows: $29.5M | Capital outflows: $5.07M
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
8% more funds holding
Funds holding: 26 → 28 (+2)
6.84% more ownership
Funds ownership: 14.2% → 21.04% (+6.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
+$23.6M |
| 2 |
Morgan Stanley
New York
|
+$1.68M |
| 3 |
UBS
Zurich,
Switzerland
|
+$1.58M |
| 4 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.31M |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner Investment Group
Harrison,
New York
|
-$1.72M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$797K |
| 3 |
Doliver Advisors
Houston,
Texas
|
-$683K |
| 4 |
Weiss Asset Management
Boston,
Massachusetts
|
-$364K |
| 5 |
Park National Corp
Newark,
Ohio
|
-$350K |
GBAB Hedge Fund Activity: Q1 2014 in Review
28 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2014, worth a combined $75.9M — up 4.4% from $72.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GBAB positions and 6 closed out — a net gain of 2 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $23.6M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.72M sold.
- 28 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2014, up from 26 in Q4 2013.
- Funds reported $75.9M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2014, up 4.4% quarter-over-quarter.
- 8 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2014 and 6 closed out, a net change of +2 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2014 was Guggenheim Capital, an estimated $23.6M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2014 was Mariner Investment Group, an estimated $1.72M sold.
Based on aggregated 13F filings for Q1 2014.