GUGGENHEIM CREDIT ALLOCATION FUND
GGM
GGM was delisted on the 22nd of October, 2021.
23 hedge funds and large institutions have $14.2M invested in GUGGENHEIM CREDIT ALLOCATION FUND in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 6 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
5% less capital invested
Capital invested by funds: $15M → $14.2M (-$764K)
18% less funds holding
Funds holding: 28 → 23 (-5)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$161K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$143K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$62.8K |
| 4 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$60.9K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$30.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$867K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$284K |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$225K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$213K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$212K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBI
26
Baxter Bros Inc
Riverside,
Connecticut
| – | -$102K | -15,000 | Closed |
|
|
27
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$225K | -12,249 | Closed |
|
|
WAM
28
Weiss Asset Management
Boston,
Massachusetts
| – | -$212K | -11,548 | Closed |
|
|
SIA
29
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$97K | -5,259 | Closed |
|
GGM Hedge Fund Activity: Q1 2019 in Review
23 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in GUGGENHEIM CREDIT ALLOCATION FUND (GGM) for Q1 2019, worth a combined $14.2M — down 5.1% from $15M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GGM and 1 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 9 added.
The largest buyer was Mid Atlantic Financial Management, adding an estimated $161K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $867K sold.
- 23 institutional investors held GUGGENHEIM CREDIT ALLOCATION FUND (GGM) as of Q1 2019, down from 28 in Q4 2018.
- Funds reported $14.2M of GUGGENHEIM CREDIT ALLOCATION FUND stock for Q1 2019, down 5.1% quarter-over-quarter.
- 1 fund opened new GUGGENHEIM CREDIT ALLOCATION FUND positions in Q1 2019 and 6 closed out, a net change of -5 holders.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND buyer in Q1 2019 was Mid Atlantic Financial Management, an estimated $161K added.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND seller in Q1 2019 was Shaker Financial Services, an estimated $867K sold.
Based on aggregated 13F filings for Q1 2019.