Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
35 hedge funds and large institutions have $85.1M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2017 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 8
0.05% less ownership
Funds ownership: 21.54% → 21.48% (-0.05%)
1% less capital invested
Capital invested by funds: $85.5M → $85.1M (-$469K)
3% less funds holding
Funds holding: 36 → 35 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.27M |
| 2 |
Morgan Stanley
New York
|
+$424K |
| 3 |
LCM
Laurion Capital Management
New York
|
+$286K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$275K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$1.29M |
| 2 |
CI
Conning Inc
Hartford,
Connecticut
|
-$869K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$438K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$334K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$333K |
GBAB Hedge Fund Activity: Q4 2017 in Review
35 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2017, worth a combined $85.1M — down 0.55% from $85.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GBAB and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 16 added.
The largest buyer was Bank of America, adding an estimated $1.27M. The largest seller was Ashford Capital Management, exiting entirely with an estimated $1.29M sold.
- 35 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2017, down from 36 in Q3 2017.
- Funds reported $85.1M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2017, down 0.55% quarter-over-quarter.
- 4 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2017 and 5 closed out, a net change of -1 holder.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2017 was Bank of America, an estimated $1.27M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2017 was Ashford Capital Management, an estimated $1.29M sold.
Based on aggregated 13F filings for Q4 2017.