Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
35 hedge funds and large institutions have $80.2M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 10 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
10% more capital invested
Capital invested by funds: $72.9M → $80.2M (+$7.28M)
7.91% more ownership
Funds ownership: 12.78% → 20.7% (+7.9%)
15% less funds holding
Funds holding: 41 → 35 (-6)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$25.8M |
| 2 |
Morgan Stanley
New York
|
+$3.22M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.68M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.26M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.35M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.27M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$781K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$755K |
| 5 |
Citigroup
New York
|
-$631K |
GBAB Hedge Fund Activity: Q1 2017 in Review
35 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2017, worth a combined $80.2M — up 10% from $72.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of GBAB and 5 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 15 added.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $25.8M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $1.35M sold.
- 35 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2017, down from 41 in Q4 2016.
- Funds reported $80.2M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2017, up 10% quarter-over-quarter.
- 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2017 and 10 closed out, a net change of -5 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2017 was Guggenheim Capital, an estimated $25.8M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2017 was 1607 Capital Partners, an estimated $1.35M sold.
Based on aggregated 13F filings for Q1 2017.