GUGGENHEIM CREDIT ALLOCATION FUND
GGM
GGM was delisted on the 22nd of October, 2021.
22 hedge funds and large institutions have $8.55M invested in GUGGENHEIM CREDIT ALLOCATION FUND in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 11 reducing their positions, and 3 closing their positions.
4% less funds holding
Funds holding: 23 → 22 (-1)
18% less capital invested
Capital invested by funds: $10.4M → $8.55M (-$1.87M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
64% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$355K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$16.7K |
| 3 |
LPL Financial
San Diego,
California
|
+$10.8K |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$2.5K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.53K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.84M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$124K |
| 3 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$79.2K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$78.7K |
| 5 |
FWM
FSA Wealth Management
Needham,
Massachusetts
|
-$74K |
GGM Hedge Fund Activity: Q3 2020 in Review
22 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in GUGGENHEIM CREDIT ALLOCATION FUND (GGM) for Q3 2020, worth a combined $8.55M — down 18% from $10.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GGM and 2 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 4 added.
The largest buyer was IHT Wealth Management, opening a new position worth an estimated $355K. The largest seller was Royal Bank of Canada, cutting an estimated $1.84M.
- 22 institutional investors held GUGGENHEIM CREDIT ALLOCATION FUND (GGM) as of Q3 2020, down from 23 in Q2 2020.
- Funds reported $8.55M of GUGGENHEIM CREDIT ALLOCATION FUND stock for Q3 2020, down 18% quarter-over-quarter.
- 2 funds opened new GUGGENHEIM CREDIT ALLOCATION FUND positions in Q3 2020 and 3 closed out, a net change of -1 holder.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND buyer in Q3 2020 was IHT Wealth Management, an estimated $355K added.
- The largest GUGGENHEIM CREDIT ALLOCATION FUND seller in Q3 2020 was Royal Bank of Canada, an estimated $1.84M sold.
Based on aggregated 13F filings for Q3 2020.