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Invesco California Value Municipal Income Trust
VCV

35 hedge funds and large institutions have $27.9M invested in Invesco California Value Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

35% more funds holding

Funds holding: 26 → 35 (+9)

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

1% more capital invested

Capital invested by funds: $27.7M → $27.9M (+$144K)

0.07% less ownership

Funds ownership: 5.18% → 5.11% (-0.07%)

Holders
35
Holders Change
+9
Holders Change %
+34.62%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
7
Reduced
6
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GEM
Global Endowment Management
North Carolina
+$1.62M
2
Bank of America
Bank of America
North Carolina
+$1.11M
3
RCM
Rivernorth Capital Management
Florida
+$1.02M
4
LSA
L & S Advisors
California
+$542K
5
SG Americas Securities
SG Americas Securities
New York
+$448K

Top Sellers

Rank Fund Capital Flow
1
JWA
JFS Wealth Advisors
Pennsylvania
-$3.19M
2
FTCM
Fir Tree Capital Management
New York
-$3.02M
3
SIA
Sit Investment Associates
Minnesota
-$1.88M
4
TC
TFS Capital
Pennsylvania
-$628K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$315K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$42K -$37.9K -3,410 -48%
PCM
27
Prelude Capital Management
New York
$29K +$27.8K +2,500 New
NES
28
New England Securities
New York
$24K – – –
GT
29
Glenmede Trust
Pennsylvania
$22K – – –
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$18K -$27.8K -2,500 -62%
TRCT
31
Tower Research Capital (TRC)
New York
$17K +$16.7K +1,500 New
EMA
32
Efficient Market Advisors
California
$12K – – –
DADC
33
D.A. Davidson & Co
Montana
$11K +$11.2K +1,011 New
WRM
34
Westport Resources Management
Connecticut
$8K – – –
Citigroup
35
Citigroup
New York
$3K – – –
JWA
36
JFS Wealth Advisors
Pennsylvania
– -$3.19M -284,204 Closed
FTCM
37
Fir Tree Capital Management
New York
– -$3.02M -268,933 Closed
TC
38
TFS Capital
Pennsylvania
– -$628K -55,994 Closed
FFA
39
First Foundation Advisors
California
– -$204K -18,193 Closed
PP
40
Paloma Partners
Connecticut
– -$144K -12,800 Closed
WAM
41
Wolverine Asset Management
Illinois
– -$9K -808 Closed
1
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VCV Hedge Fund Activity: Q4 2013 in Review

35 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2013, worth a combined $27.9M — up 0.52% from $27.7M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new VCV positions and 6 closed out — a net gain of 9 holders — while 7 added to existing stakes and 6 trimmed.

The largest buyer was Global Endowment Management, opening a new position worth an estimated $1.62M. The largest seller was JFS Wealth Advisors, exiting entirely with an estimated $3.19M sold.

  • 35 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2013, up from 26 in Q3 2013.
  • Funds reported $27.9M of Invesco California Value Municipal Income Trust stock for Q4 2013, up 0.52% quarter-over-quarter.
  • 15 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2013 and 6 closed out, a net change of +9 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q4 2013 was Global Endowment Management, an estimated $1.62M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q4 2013 was JFS Wealth Advisors, an estimated $3.19M sold.

Based on aggregated 13F filings for Q4 2013.