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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB

30 hedge funds and large institutions have $85.7M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

3% more capital invested

Capital invested by funds: $83.6M → $85.7M (+$2.09M)

0% more funds holding

Funds holding: 30 → 30 (0)

0% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 8

0.34% less ownership

Funds ownership: 15.04% → 14.7% (-0.34%)

Holders
30
Holders Change
–
Holders Change %
0%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
8
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$2.09M
2
ACM
Ashford Capital Management
Delaware
+$1.18M
3
Bank of America
Bank of America
North Carolina
+$921K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$480K
5
SG Americas Securities
SG Americas Securities
New York
+$337K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$2.94M
2
Morgan Stanley
Morgan Stanley
New York
-$2.92M
3
Invesco
Invesco
Georgia
-$505K
4
AQR Capital Management
AQR Capital Management
Connecticut
-$223K
5
LPL Financial
LPL Financial
California
-$203K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$25.6M – – –
Morgan Stanley
2
Morgan Stanley
New York
$19.7M -$2.92M -134,461 -13%
Wells Fargo
3
Wells Fargo
California
$7.76M +$2.09M +96,423 +38%
Bank of America
4
Bank of America
North Carolina
$6.72M +$921K +42,443 +16%
Invesco
5
Invesco
Georgia
$4.54M -$505K -23,266 -10%
UBS Group
6
UBS Group
Switzerland
$4.43M +$4.34M +199,973 New
BTS
7
BB&T Securities
Virginia
$3.66M – – –
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$2.56M +$480K +22,132 +24%
ACM
9
Ashford Capital Management
Delaware
$2.46M +$1.18M +54,466 +96%
RJA
10
Raymond James & Associates
Florida
$1.87M +$58.8K +2,710 +3%
Goldman Sachs
11
Goldman Sachs
New York
$1.35M – – –
PNC
12
Park National Corp
Ohio
$834K -$27.1K -1,250 -3%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$813K -$53.5K -2,467 -6%
CI
14
Conning Inc
Connecticut
$744K +$13.7K +633 +2%
SAM
15
SignalPoint Asset Management
Missouri
$392K -$5.43K -250 -1%
SG Americas Securities
16
SG Americas Securities
New York
$344K +$337K +15,520 New
Cohen & Steers
17
Cohen & Steers
New York
$296K – – –
Janney Montgomery Scott
18
Janney Montgomery Scott
Pennsylvania
$279K +$30.9K +1,424 +13%
KWMG
19
King Wealth Management Group
Florida
$275K +$5.43K +250 +2%
Stifel Financial
20
Stifel Financial
Missouri
$274K -$890 -41 -0.3%
SPC
21
Sigma Planning Corp
Michigan
$267K +$261K +12,036 New
CI
22
Chartist Inc
California
$222K -$21.7K -1,000 -9%
LTFS
23
Ladenburg Thalmann Financial Services
Florida
$83K +$81.4K +3,750 New
Deutsche Bank
24
Deutsche Bank
Germany
$55K – – –
Citigroup
25
Citigroup
New York
$35K – – –
1
2

GBAB Hedge Fund Activity: Q4 2014 in Review

30 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2014, worth a combined $85.7M — up 2.5% from $83.6M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new GBAB positions and 6 closed out — a net gain of 1 holder — while 8 added to existing stakes and 8 trimmed.

The largest buyer was Wells Fargo, adding an estimated $2.09M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.94M sold.

  • 30 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2014, unchanged from Q3 2014.
  • Funds reported $85.7M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2014, up 2.5% quarter-over-quarter.
  • 7 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2014 and 6 closed out, a net change of +1 holder.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2014 was Wells Fargo, an estimated $2.09M added.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2014 was Sit Investment Associates, an estimated $2.94M sold.

Based on aggregated 13F filings for Q4 2014.