GUGGENHEIM CREDIT ALLOCATION FUND
GGM
GGM was delisted on the 22nd of October, 2021.
25 hedge funds and large institutions have $13.3M invested in GUGGENHEIM CREDIT ALLOCATION FUND in 2018 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.
7% less funds holding
Funds holding: 27 → 25 (-2)
9% less capital invested
Capital invested by funds: $14.6M → $13.3M (-$1.31M)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$783K |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$433K |
| 3 |
LPL Financial
San Diego,
California
|
+$237K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$149K |
| 5 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$880K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$815K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$726K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$225K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$180K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
26
Guggenheim Capital
Chicago,
Illinois
| – | -$815K | -38,001 | Closed |
|
|
RJA
27
Raymond James & Associates
St Petersburg,
Florida
| – | -$726K | -33,861 | Closed |
|
|
BBI
28
Baxter Bros Inc
Riverside,
Connecticut
| – | -$158K | -19,000 | Closed |
|
|
29
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$225K | -10,514 | Closed |
|
|
SIA
30
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$47K | -2,200 | Closed |
|
GGM Hedge Fund Activity: Q2 2018 in Review
25 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in GUGGENHEIM CREDIT ALLOCATION FUND (GGM) for Q2 2018, worth a combined $13.3M — down 9% from $14.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GGM and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Royal Bank of Canada, adding an estimated $783K. The largest seller was UBS Group, cutting an estimated $880K.
- 25 institutional investors held GUGGENHEIM CREDIT ALLOCATION FUND (GGM) as of Q2 2018, down from 27 in Q1 2018.
- Funds reported $13.3M of GUGGENHEIM CREDIT ALLOCATION FUND stock for Q2 2018, down 9% quarter-over-quarter.
- 3 funds opened new GUGGENHEIM CREDIT ALLOCATION FUND positions in Q2 2018 and 5 closed out, a net change of -2 holders.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND buyer in Q2 2018 was Royal Bank of Canada, an estimated $783K added.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND seller in Q2 2018 was UBS Group, an estimated $880K sold.
Based on aggregated 13F filings for Q2 2018.