Invesco Bond Fund
VBF
35 hedge funds and large institutions have $56.6M invested in Invesco Bond Fund in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
17% more capital invested
Capital invested by funds: $48.4M → $56.6M (+$8.22M)
3.93% more ownership
Funds ownership: 22.44% → 26.37% (+3.9%)
0% more funds holding
Funds holding: 35 → 35 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.24M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.71M |
| 3 |
Morgan Stanley
New York
|
+$2.25M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$564K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$310K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$928K |
| 2 |
CP
Covalent Partners
Concord,
Massachusetts
|
-$640K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$466K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$385K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$325K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
U
26
UBS
Zurich,
Switzerland
| $25K | +$435 | +24 | +2% |
|
27
M&T Bank
Buffalo,
New York
| $15K | – | – | – |
|
|
WEC
28
Winslow Evans & Crocker
Boston,
Massachusetts
| $12.7K | -$10.9K | -600 | -46% |
|
29
US Bancorp
Minneapolis,
Minnesota
| $12K | – | – | – |
|
|
HR
30
Howe & Rusling
Rochester,
New York
| $7K | – | – | – |
|
31
Bank of Montreal
Toronto,
Ontario, Canada
| $6K | – | – | – |
|
|
DOA
32
D'Orazio & Associates
Falls Church,
Virginia
| $5K | – | – | – |
|
|
LTFS
33
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | – | – | – |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| $4K | -$16.1K | -890 | -79% |
|
35
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $2K | +$2.47K | +136 | New |
|
|
WAM
36
Wolverine Asset Management
Chicago,
Illinois
| – | -$928K | -52,460 | Closed |
|
|
CP
37
Covalent Partners
Concord,
Massachusetts
| – | -$640K | -36,199 | Closed |
|
38
Barclays
London,
United Kingdom
| – | -$228K | -12,587 | -100% |
|
|
ST
39
Sentinel Trust
Houston,
Texas
| – | -$220K | -12,459 | Closed |
|
40
SG Americas Securities
New York
| – | -$191K | -10,796 | Closed |
|
VBF Hedge Fund Activity: Q1 2014 in Review
35 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Invesco Bond Fund (VBF) for Q1 2014, worth a combined $56.6M — up 17% from $48.4M a quarter earlier.
Fund positioning in VBF was balanced in Q1 2014: 4 funds opened new positions, 4 closed out, 12 added to existing stakes and 8 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.24M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $928K sold.
- 35 institutional investors held Invesco Bond Fund (VBF) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $56.6M of Invesco Bond Fund stock for Q1 2014, up 17% quarter-over-quarter.
- 4 funds opened new Invesco Bond Fund positions in Q1 2014 and 4 closed out, a net change of 0 holders.
- The largest Invesco Bond Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $4.24M added.
- The largest Invesco Bond Fund seller in Q1 2014 was Wolverine Asset Management, an estimated $928K sold.
Based on aggregated 13F filings for Q1 2014.