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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB

27 hedge funds and large institutions have $65.5M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

3% less capital invested

Capital invested by funds: $67.7M → $65.5M (-$2.2M)

1.36% less ownership

Funds ownership: 12.29% → 10.93% (-1.4%)

7% less funds holding

Funds holding: 29 → 27 (-2)

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
27
Holders Change
-2
Holders Change %
-6.9%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
11
Reduced
9
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LTFS
Ladenburg Thalmann Financial Services
Florida
+$692K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$653K
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$418K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$355K
5
ACM
Ashford Capital Management
Delaware
+$286K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$2.16M
2
Bank of America
Bank of America
North Carolina
-$1.71M
3
Wells Fargo
Wells Fargo
California
-$744K
4
UBS Group
UBS Group
Switzerland
-$648K
5
LCM
Landscape Capital Management
New Jersey
-$492K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$24.7M – – –
Bank of America
2
Bank of America
North Carolina
$10M -$1.71M -80,069 -15%
Morgan Stanley
3
Morgan Stanley
New York
$7.42M -$317K -14,888 -4%
Wells Fargo
4
Wells Fargo
California
$5.15M -$744K -34,884 -13%
Invesco
5
Invesco
Georgia
$4.42M -$301K -14,141 -6%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$3.29M +$355K +16,633 +12%
UBS Group
7
UBS Group
Switzerland
$1.92M -$648K -30,386 -25%
RJA
8
Raymond James & Associates
Florida
$1.53M -$393K -18,456 -21%
ACM
9
Ashford Capital Management
Delaware
$991K +$286K +13,411 +41%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$828K +$692K +32,448 +536%
UR
11
USCA RIA
Texas
$804K +$147K +6,900 +23%
CI
12
Conning Inc
Connecticut
$760K +$14.3K +673 +2%
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$656K +$653K +30,613 New
RJFSA
14
Raymond James Financial Services Advisors
Florida
$420K +$418K +19,601 New
BTS
15
BB&T Securities
Virginia
$353K -$15.9K -748 -4%
Cohen & Steers
16
Cohen & Steers
New York
$346K +$59.7K +2,800 +21%
LPL Financial
17
LPL Financial
California
$333K -$80.5K -3,774 -20%
SAM
18
SignalPoint Asset Management
Missouri
$307K -$71.4K -3,350 -19%
Deutsche Bank
19
Deutsche Bank
Germany
$305K +$251K +11,766 +471%
KWMG
20
King Wealth Management Group
Florida
$282K +$490 +23 +0.2%
SPC
21
Sigma Planning Corp
Michigan
$248K +$5.52K +259 +2%
VKH
22
Virtu KCG Holdings
New York
$241K +$239K +11,234 New
Creative Planning
23
Creative Planning
Kansas
$71K +$71.1K +3,335 New
Citigroup
24
Citigroup
New York
$69K +$21.3K +1,000 +45%
MFS
25
MSI Financial Services
Massachusetts
$28K – – –
1
2

GBAB Hedge Fund Activity: Q3 2015 in Review

27 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2015, worth a combined $65.5M — down 3.2% from $67.7M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of GBAB and 5 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 11 added.

The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $692K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.16M sold.

  • 27 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2015, down from 29 in Q2 2015.
  • Funds reported $65.5M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2015, down 3.2% quarter-over-quarter.
  • 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2015 and 7 closed out, a net change of -2 holders.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2015 was Ladenburg Thalmann Financial Services, an estimated $692K added.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2015 was Sit Investment Associates, an estimated $2.16M sold.

Based on aggregated 13F filings for Q3 2015.