Invesco Bond Fund
VBF
27 hedge funds and large institutions have $59M invested in Invesco Bond Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 10 closing their positions.
2% less capital invested
Capital invested by funds: $60.4M → $59M (-$1.35M)
2.09% less ownership
Funds ownership: 30.21% → 28.13% (-2.1%)
21% less funds holding
Funds holding: 34 → 27 (-7)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$1.38M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.35M |
| 3 |
Morgan Stanley
New York
|
+$440K |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
+$239K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.87M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.65M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$604K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$413K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$316K |
VBF Hedge Fund Activity: Q1 2016 in Review
27 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Invesco Bond Fund (VBF) for Q1 2016, worth a combined $59M — down 2.2% from $60.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of VBF and 3 opened new positions — a net loss of 7 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was SeaBridge Investment Advisors, opening a new position worth an estimated $1.38M. The largest seller was Karpus Investment Management, cutting an estimated $2.87M.
- 27 institutional investors held Invesco Bond Fund (VBF) as of Q1 2016, down from 34 in Q4 2015.
- Funds reported $59M of Invesco Bond Fund stock for Q1 2016, down 2.2% quarter-over-quarter.
- 3 funds opened new Invesco Bond Fund positions in Q1 2016 and 10 closed out, a net change of -7 holders.
- The largest Invesco Bond Fund buyer in Q1 2016 was SeaBridge Investment Advisors, an estimated $1.38M added.
- The largest Invesco Bond Fund seller in Q1 2016 was Karpus Investment Management, an estimated $2.87M sold.
Based on aggregated 13F filings for Q1 2016.