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Invesco California Value Municipal Income Trust
VCV

42 hedge funds and large institutions have $48.6M invested in Invesco California Value Municipal Income Trust in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 3 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

667% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 3

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

13% more capital invested

Capital invested by funds: $42.9M → $48.6M (+$5.67M)

5% more funds holding

Funds holding: 40 → 42 (+2)

0.59% more ownership

Funds ownership: 7.13% → 7.72% (+0.59%)

Holders
42
Holders Change
+2
Holders Change %
+5%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
23
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$2.58M
2
Morgan Stanley
Morgan Stanley
New York
+$1.69M
3
GC
Guggenheim Capital
Illinois
+$653K
4
Wells Fargo
Wells Fargo
California
+$432K
5
SG Americas Securities
SG Americas Securities
New York
+$406K

Top Sellers

Rank Fund Capital Flow
1
LSA
L & S Advisors
California
-$1.82M
2
Bank of America
Bank of America
North Carolina
-$879K
3
JWA
JFS Wealth Advisors
Pennsylvania
-$644K
4
LCM
Laurion Capital Management
New York
-$363K
5
SIA
Sit Investment Associates
Minnesota
-$251K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
26
Next Financial Group
Texas
$201K +$15.4K +1,200 +9%
DI
27
Diligent Investors
California
$190K – – –
AA
28
Apriem Advisors
California
$141K – – –
DC
29
Davenport & Co
Virginia
$133K – – –
CG
30
Cutler Group
California
$129K +$126K +9,800 New
AIG
31
American International Group
New York
$124K +$12.9K +1,000 +12%
EMA
32
Efficient Market Advisors
California
$74K +$58.2K +4,524 +418%
MA
33
MUFG Americas
New York
$64K +$206 +16 +0.3%
DADC
34
D.A. Davidson & Co
Montana
$53K – – –
IA
35
IFP Advisors
Florida
$45K +$43.4K +3,370 New
Creative Planning
36
Creative Planning
Kansas
$42K +$3.86K +300 +10%
US Bancorp
37
US Bancorp
Minnesota
$19K – – –
GAM
38
Gemmer Asset Management
California
$9K +$142 +11 +2%
IWMPD
39
Integrated Wealth Management (Palm Desert)
California
$8K – – –
BCM
40
Blume Capital Management
California
$7K – – –
Citigroup
41
Citigroup
New York
$4K – – –
Northern Trust
42
Northern Trust
Illinois
$4K +$386K +29,952 New
LSA
43
L & S Advisors
California
– -$1.82M -145,116 Closed
SIA
44
Sit Investment Associates
Minnesota
– -$251K -20,000 Closed
GT
45
Glenmede Trust
Pennsylvania
– -$25K -2,000 Closed
1
2

VCV Hedge Fund Activity: Q4 2015 in Review

42 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2015, worth a combined $48.6M — up 13% from $42.9M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new VCV positions and 3 closed out — a net gain of 2 holders — while 23 added to existing stakes and 3 trimmed.

The largest buyer was LPL Financial, adding an estimated $2.58M. The largest seller was L & S Advisors, exiting entirely with an estimated $1.82M sold.

  • 42 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2015, up from 40 in Q3 2015.
  • Funds reported $48.6M of Invesco California Value Municipal Income Trust stock for Q4 2015, up 13% quarter-over-quarter.
  • 5 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2015 and 3 closed out, a net change of +2 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q4 2015 was LPL Financial, an estimated $2.58M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q4 2015 was L & S Advisors, an estimated $1.82M sold.

Based on aggregated 13F filings for Q4 2015.