Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
63 hedge funds and large institutions have $87.7M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 7 closing their positions.
90% more capital inflows, than outflows
Capital inflows: $7.36M | Capital outflows: $3.86M
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
0.85% more ownership
Funds ownership: 22.91% → 23.76% (+0.85%)
0% more funds holding
Funds holding: 63 → 63 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.82M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.39M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$703K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$549K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alpha Cubed Investments
Irvine,
California
|
-$1.08M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$628K |
| 3 |
PPP
Private Portfolio Partners
Paramus,
New Jersey
|
-$266K |
| 4 |
Virtu Financial
New York
|
-$258K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$242K |
GBAB Hedge Fund Activity: Q1 2023 in Review
63 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2023, worth a combined $87.7M — up 8.4% from $80.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GBAB positions and 7 closed out — a net gain of 1 holder — while 26 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.82M. The largest seller was Alpha Cubed Investments, exiting entirely with an estimated $1.08M sold.
- 63 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $87.7M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2023, up 8.4% quarter-over-quarter.
- 8 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2023 and 7 closed out, a net change of +1 holder.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2023 was Morgan Stanley, an estimated $1.82M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2023 was Alpha Cubed Investments, an estimated $1.08M sold.
Based on aggregated 13F filings for Q1 2023.