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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$692K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$653K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$418K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$355K |
| 5 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.16M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.71M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$744K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$648K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$492K |
GBAB Hedge Fund Activity: Q3 2015 in Review
27 of the 3,590 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.