Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
38 hedge funds and large institutions have $79.5M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 5 reducing their positions, and 3 closing their positions.
280% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 5
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
6% more funds holding
Funds holding: 36 → 38 (+2)
0.04% less ownership
Funds ownership: 21.56% → 21.52% (-0.04%)
2% less capital invested
Capital invested by funds: $81.5M → $79.5M (-$1.91M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.03M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$872K |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
+$451K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$406K |
| 5 |
Millennium Management
New York
|
+$368K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.11M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$233K |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$119K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$59.6K |
| 5 |
LPL Financial
San Diego,
California
|
-$51.6K |
GBAB Hedge Fund Activity: Q3 2018 in Review
38 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2018, worth a combined $79.5M — down 2.3% from $81.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GBAB positions and 3 closed out — a net gain of 2 holders — while 19 added to existing stakes and 5 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.03M. The largest seller was Sit Investment Associates, cutting an estimated $5.11M.
- 38 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2018, up from 36 in Q2 2018.
- Funds reported $79.5M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2018, down 2.3% quarter-over-quarter.
- 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2018 and 3 closed out, a net change of +2 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2018 was Morgan Stanley, an estimated $2.03M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2018 was Sit Investment Associates, an estimated $5.11M sold.
Based on aggregated 13F filings for Q3 2018.