Invesco California Value Municipal Income Trust
VCV
26 hedge funds and large institutions have $27.7M invested in Invesco California Value Municipal Income Trust in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
19% more capital invested
Capital invested by funds: $23.2M → $27.7M (+$4.52M)
1.15% more ownership
Funds ownership: 4.03% → 5.18% (+1.2%)
0% more funds holding
Funds holding: 26 → 26 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$2.98M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.51M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$1.05M |
| 4 |
Morgan Stanley
New York
|
+$781K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$621K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$564K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$378K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$329K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$265K |
| 5 |
Jane Street
New York
|
-$210K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $3K | – | – | – |
|
|
DA
27
Doliver Advisors
Houston,
Texas
| – | -$378K | -31,330 | Closed |
|
|
28
Jane Street
New York
| – | -$210K | -17,434 | Closed |
|
29
Nuveen
Charlotte,
North Carolina
| – | -$122K | -10,132 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$18K | -1,500 | Closed |
|
VCV Hedge Fund Activity: Q3 2013 in Review
26 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2013, worth a combined $27.7M — up 19% from $23.2M a quarter earlier.
Fund positioning in VCV was balanced in Q3 2013: 4 funds opened new positions, 4 closed out, 10 added to existing stakes and 5 trimmed.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $2.98M. The largest seller was Guggenheim Capital, cutting an estimated $564K.
- 26 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $27.7M of Invesco California Value Municipal Income Trust stock for Q3 2013, up 19% quarter-over-quarter.
- 4 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2013 and 4 closed out, a net change of 0 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q3 2013 was Fir Tree Capital Management, an estimated $2.98M added.
- The largest Invesco California Value Municipal Income Trust seller in Q3 2013 was Guggenheim Capital, an estimated $564K sold.
Based on aggregated 13F filings for Q3 2013.