GUGGENHEIM CREDIT ALLOCATION FUND
GGM
GGM was delisted on the 22nd of October, 2021.
27 hedge funds and large institutions have $15.6M invested in GUGGENHEIM CREDIT ALLOCATION FUND in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
2% more capital invested
Capital invested by funds: $15.3M → $15.6M (+$353K)
4% less funds holding
Funds holding: 28 → 27 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.27M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$563K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$252K |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$208K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$873K |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$785K |
| 3 |
William Blair & Company
Chicago,
Illinois
|
-$371K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$208K |
| 5 |
AWE
Avidian Wealth Enterprises
Houston,
Texas
|
-$202K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
26
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $6K | – | – | – |
|
27
Barclays
London,
United Kingdom
| $1K | – | – | – |
|
|
28
William Blair & Company
Chicago,
Illinois
| – | -$371K | -16,002 | Closed |
|
|
AWE
29
Avidian Wealth Enterprises
Houston,
Texas
| – | -$202K | -8,709 | Closed |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$64K | -2,754 | Closed |
|
|
PFBT
31
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$9K | -400 | Closed |
|
GGM Hedge Fund Activity: Q3 2017 in Review
27 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in GUGGENHEIM CREDIT ALLOCATION FUND (GGM) for Q3 2017, worth a combined $15.6M — up 2.3% from $15.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GGM and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 11 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.27M. The largest seller was Bank of America, cutting an estimated $873K.
- 27 institutional investors held GUGGENHEIM CREDIT ALLOCATION FUND (GGM) as of Q3 2017, down from 28 in Q2 2017.
- Funds reported $15.6M of GUGGENHEIM CREDIT ALLOCATION FUND stock for Q3 2017, up 2.3% quarter-over-quarter.
- 3 funds opened new GUGGENHEIM CREDIT ALLOCATION FUND positions in Q3 2017 and 4 closed out, a net change of -1 holder.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND buyer in Q3 2017 was Royal Bank of Canada, an estimated $1.27M added.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND seller in Q3 2017 was Bank of America, an estimated $873K sold.
Based on aggregated 13F filings for Q3 2017.