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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB

31 hedge funds and large institutions have $61.1M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

15% more funds holding

Funds holding: 27 → 31 (+4)

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

1.1% less ownership

Funds ownership: 10.93% → 9.83% (-1.1%)

7% less capital invested

Capital invested by funds: $65.5M → $61.1M (-$4.4M)

Holders
31
Holders Change
+4
Holders Change %
+14.81%
% of All Funds
0.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
10
Reduced
11
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PFPT
Pinnacle Financial Partners (Tennessee)
Tennessee
+$248K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$241K
3
RJA
Raymond James & Associates
Florida
+$210K
4
Stifel Financial
Stifel Financial
Missouri
+$206K
5
Wells Fargo
Wells Fargo
California
+$97.2K

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$1.72M
2
Morgan Stanley
Morgan Stanley
New York
-$1.71M
3
UBS Group
UBS Group
Switzerland
-$477K
4
Invesco
Invesco
Georgia
-$305K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$303K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$24.6M – – –
Bank of America
2
Bank of America
North Carolina
$8.26M -$1.72M -79,183 -17%
Morgan Stanley
3
Morgan Stanley
New York
$5.7M -$1.71M -78,730 -23%
Wells Fargo
4
Wells Fargo
California
$5.22M +$97.2K +4,462 +2%
Invesco
5
Invesco
Georgia
$4.1M -$305K -14,022 -7%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$3.51M +$241K +11,064 +7%
RJA
7
Raymond James & Associates
Florida
$1.73M +$210K +9,635 +14%
UBS Group
8
UBS Group
Switzerland
$1.44M -$477K -21,880 -24%
LTFS
9
Ladenburg Thalmann Financial Services
Florida
$926K +$85.6K +3,929 +10%
ACM
10
Ashford Capital Management
Delaware
$817K -$173K -7,956 -17%
UR
11
USCA RIA
Texas
$811K +$10.9K +500 +1%
CI
12
Conning Inc
Connecticut
$770K +$14.6K +669 +2%
BTS
13
BB&T Securities
Virginia
$367K +$16.3K +750 +5%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$356K -$303K -13,901 -45%
Cohen & Steers
15
Cohen & Steers
New York
$344K – – –
RJFSA
16
Raymond James Financial Services Advisors
Florida
$339K -$80.2K -3,683 -19%
LPL Financial
17
LPL Financial
California
$311K -$26.1K -1,200 -8%
SAM
18
SignalPoint Asset Management
Missouri
$306K +$152 +7 +0%
KWMG
19
King Wealth Management Group
Florida
$281K – – –
SPC
20
Sigma Planning Corp
Michigan
$247K +$218 +10 +0.1%
PFPT
21
Pinnacle Financial Partners (Tennessee)
Tennessee
$242K +$248K +11,365 New
Stifel Financial
22
Stifel Financial
Missouri
$201K +$206K +9,450 New
Deutsche Bank
23
Deutsche Bank
Germany
$76K -$232K -10,666 -75%
Citigroup
24
Citigroup
New York
$69K – – –
MFS
25
MSI Financial Services
Massachusetts
$28K – – –
1
2

GBAB Hedge Fund Activity: Q4 2015 in Review

31 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2015, worth a combined $61.1M — down 6.7% from $65.5M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new GBAB positions and 1 closed out — a net gain of 4 holders — while 10 added to existing stakes and 11 trimmed.

The largest buyer was Pinnacle Financial Partners (Tennessee), opening a new position worth an estimated $248K. The largest seller was Bank of America, cutting an estimated $1.72M.

  • 31 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2015, up from 27 in Q3 2015.
  • Funds reported $61.1M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2015, down 6.7% quarter-over-quarter.
  • 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2015 and 1 closed out, a net change of +4 holders.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2015 was Pinnacle Financial Partners (Tennessee), an estimated $248K added.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2015 was Bank of America, an estimated $1.72M sold.

Based on aggregated 13F filings for Q4 2015.