Invesco Bond Fund
VBF
35 hedge funds and large institutions have $48.4M invested in Invesco Bond Fund in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
33% more capital invested
Capital invested by funds: $36.4M → $48.4M (+$11.9M)
6.12% more ownership
Funds ownership: 16.32% → 22.44% (+6.1%)
6% more funds holding
Funds holding: 33 → 35 (+2)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.92M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.17M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.33M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.18M |
| 5 |
CP
Covalent Partners
Concord,
Massachusetts
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.71M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.39M |
| 3 |
Morgan Stanley
New York
|
-$704K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$572K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$419K |
VBF Hedge Fund Activity: Q4 2013 in Review
35 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Bond Fund (VBF) for Q4 2013, worth a combined $48.4M — up 33% from $36.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new VBF positions and 5 closed out — a net gain of 2 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.92M. The largest seller was Bank of America, cutting an estimated $1.71M.
- 35 institutional investors held Invesco Bond Fund (VBF) as of Q4 2013, up from 33 in Q3 2013.
- Funds reported $48.4M of Invesco Bond Fund stock for Q4 2013, up 33% quarter-over-quarter.
- 7 funds opened new Invesco Bond Fund positions in Q4 2013 and 5 closed out, a net change of +2 holders.
- The largest Invesco Bond Fund buyer in Q4 2013 was Saba Capital Management, an estimated $7.92M added.
- The largest Invesco Bond Fund seller in Q4 2013 was Bank of America, an estimated $1.71M sold.
Based on aggregated 13F filings for Q4 2013.