Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
57 hedge funds and large institutions have $71M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 10 closing their positions.
8% more capital invested
Capital invested by funds: $65.5M → $71M (+$5.48M)
4.1% more ownership
Funds ownership: 17.07% → 21.17% (+4.1%)
0% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 20
8% less funds holding
Funds holding: 62 → 57 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$13.4M |
| 2 |
Morgan Stanley
New York
|
+$2.22M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.75M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$618K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$353K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$886K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$510K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$455K |
| 4 |
AP
Americana Partners
Houston,
Texas
|
-$437K |
| 5 |
LPL Financial
San Diego,
California
|
-$212K |
GBAB Hedge Fund Activity: Q3 2022 in Review
57 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2022, worth a combined $71M — up 8.4% from $65.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of GBAB and 6 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 20 added.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $13.4M. The largest seller was UBS Group, cutting an estimated $886K.
- 57 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2022, down from 62 in Q2 2022.
- Funds reported $71M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2022, up 8.4% quarter-over-quarter.
- 6 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2022 and 10 closed out, a net change of -4 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2022 was Guggenheim Capital, an estimated $13.4M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2022 was UBS Group, an estimated $886K sold.
Based on aggregated 13F filings for Q3 2022.