Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
63 hedge funds and large institutions have $81.9M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 9 closing their positions.
0.75% less ownership
Funds ownership: 25.05% → 24.3% (-0.75%)
10% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 21
2% less funds holding
Funds holding: 64 → 63 (-1)
8% less capital invested
Capital invested by funds: $88.6M → $81.9M (-$6.66M)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.63M |
| 2 |
CFG
Cooper Financial Group
Irvine,
California
|
+$1.44M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.36M |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$796K |
| 5 |
WT
Whittier Trust
South Pasadena,
California
|
+$696K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$4.38M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.25M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.21M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$660K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$370K |
GBAB Hedge Fund Activity: Q3 2023 in Review
63 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2023, worth a combined $81.9M — down 7.5% from $88.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GBAB and 8 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 19 added.
The largest buyer was Morgan Stanley, adding an estimated $1.63M. The largest seller was Janney Montgomery Scott, cutting an estimated $4.38M.
- 63 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2023, down from 64 in Q2 2023.
- Funds reported $81.9M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2023, down 7.5% quarter-over-quarter.
- 8 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2023 and 9 closed out, a net change of -1 holder.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2023 was Morgan Stanley, an estimated $1.63M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2023 was Janney Montgomery Scott, an estimated $4.38M sold.
Based on aggregated 13F filings for Q3 2023.