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Invesco California Value Municipal Income Trust
VCV

41 hedge funds and large institutions have $28.3M invested in Invesco California Value Municipal Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

17% more funds holding

Funds holding: 35 → 41 (+6)

1% more capital invested

Capital invested by funds: $27.9M → $28.3M (+$407K)

0% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 10

0.1% less ownership

Funds ownership: 5.11% → 5.01% (-0.1%)

Holders
41
Holders Change
+6
Holders Change %
+17.14%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
10
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
+$774K
2
TC
TFS Capital
Pennsylvania
+$522K
3
Morgan Stanley
Morgan Stanley
New York
+$399K
4
U
UBS
Switzerland
+$247K
5
AAM
Advisors Asset Management
Colorado
+$197K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.91M
2
SG Americas Securities
SG Americas Securities
New York
-$459K
3
VKH
Virtu KCG Holdings
New York
-$308K
4
SIA
Sit Investment Associates
Minnesota
-$235K
5
ACI
Alpha Cubed Investments
California
-$205K
Name Holding Trade Value Shares
Change 		Change in
Stake
DC
26
Davenport & Co
Virginia
$118K +$117K +10,000 New
WT
27
Whittier Trust
California
$115K – – –
MA
28
MUFG Americas
New York
$98K -$18.6K -1,591 -16%
TJHA
29
Thomas J. Herzfeld Advisors
Florida
$59K – – –
WFI
30
West Family Investments
California
$59K – – –
BPBT
31
Boston Private Bank & Trust
Massachusetts
$45K +$45.1K +3,851 New
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$44K +$726 +62 +2%
SAM
33
Shamrock Asset Management
Texas
$32K +$31.6K +2,700 New
NES
34
New England Securities
New York
$26K +$1.05K +90 +4%
GT
35
Glenmede Trust
Pennsylvania
$23K – – –
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$18K – – –
EMA
37
Efficient Market Advisors
California
$13K – – –
DADC
38
D.A. Davidson & Co
Montana
$12K +$199 +17 +2%
Creative Planning
39
Creative Planning
Kansas
$4K +$4.27K +365 New
Citigroup
40
Citigroup
New York
$3K – – –
SG Americas Securities
41
SG Americas Securities
New York
– -$459K -40,272 Closed
PCM
42
Prelude Capital Management
New York
– -$29.3K -2,499 -100%
TRCT
43
Tower Research Capital (TRC)
New York
– -$17K -1,500 Closed
WRM
44
Westport Resources Management
Connecticut
– -$8K -700 Closed
1
2

VCV Hedge Fund Activity: Q1 2014 in Review

41 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2014, worth a combined $28.3M — up 1.5% from $27.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new VCV positions and 3 closed out — a net gain of 6 holders — while 10 added to existing stakes and 10 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $774K. The largest seller was Guggenheim Capital, cutting an estimated $1.91M.

  • 41 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2014, up from 35 in Q4 2013.
  • Funds reported $28.3M of Invesco California Value Municipal Income Trust stock for Q1 2014, up 1.5% quarter-over-quarter.
  • 9 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2014 and 3 closed out, a net change of +6 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q1 2014 was Mariner Investment Group, an estimated $774K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q1 2014 was Guggenheim Capital, an estimated $1.91M sold.

Based on aggregated 13F filings for Q1 2014.