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Invesco California Value Municipal Income Trust
VCV

41 hedge funds and large institutions have $46.6M invested in Invesco California Value Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

0.96% less ownership

Funds ownership: 8.5% → 7.55% (-0.96%)

9% less capital invested

Capital invested by funds: $51M → $46.6M (-$4.35M)

15% less funds holding

Funds holding: 48 → 41 (-7)

78% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 9

Holders
41
Holders Change
-7
Holders Change %
-14.58%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
15
Reduced
10
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$854K
2
VCM
Vivaldi Capital Management
Illinois
+$404K
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$127K
4
AAM
Advisors Asset Management
Colorado
+$127K
5
UBS Group
UBS Group
Switzerland
+$108K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.24M
2
LCM
Laurion Capital Management
New York
-$1.54M
3
Bank of America
Bank of America
North Carolina
-$769K
4
LCM
Landscape Capital Management
New Jersey
-$639K
5
DA
Doliver Advisors
Texas
-$627K
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
26
D.A. Davidson & Co
Montana
$165K +$76.2K +5,900 +88%
DI
27
Diligent Investors
California
$150K -$37.7K -2,915 -20%
AG
28
Advisor Group
Arizona
$149K +$11.6K +900 +9%
BAM
29
Belpointe Asset Management
Nevada
$137K +$135K +10,430 New
NGA
30
Naples Global Advisors
Florida
$134K – – –
CG
31
Cutler Group
California
$131K – – –
IA
32
IFP Advisors
Florida
$90K – – –
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$82K – – –
SEI Investments
34
SEI Investments
Pennsylvania
$50K +$23K +1,778 +89%
GT
35
Glenmede Trust
Pennsylvania
$26K – – –
US Bancorp
36
US Bancorp
Minnesota
$19K – – –
GAM
37
Gemmer Asset Management
California
$10K +$116 +9 +1%
BCM
38
Blume Capital Management
California
$7K – – –
Citigroup
39
Citigroup
New York
$7K – – –
Northern Trust
40
Northern Trust
Illinois
$2K -$285K -22,019 -59%
RCM
41
RB Capital Management
Nevada
$592 +$37.2K +2,879 +7%
LCM
42
Laurion Capital Management
New York
– -$1.54M -121,698 Closed
LCM
43
Landscape Capital Management
New Jersey
– -$639K -50,556 Closed
DA
44
Doliver Advisors
Texas
– -$627K -49,590 Closed
Creative Planning
45
Creative Planning
Kansas
– -$400K -31,651 Closed
MIG
46
Mariner Investment Group
New York
– -$353K -27,925 Closed
AGA
47
Accuvest Global Advisors
Utah
– -$293K -23,200 Closed
RFC
48
Regions Financial Corp
Alabama
– -$275K -21,734 Closed
AA
49
AQR Arbitrage
Connecticut
– -$148K -11,734 Closed
SG Americas Securities
50
SG Americas Securities
New York
– -$136K -10,773 Closed
1
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VCV Hedge Fund Activity: Q3 2017 in Review

41 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2017, worth a combined $46.6M — down 8.5% from $51M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of VCV and 2 opened new positions — a net loss of 7 holders — while 10 trimmed existing stakes and 15 added.

The largest buyer was Guggenheim Capital, adding an estimated $854K. The largest seller was Morgan Stanley, cutting an estimated $2.24M.

  • 41 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2017, down from 48 in Q2 2017.
  • Funds reported $46.6M of Invesco California Value Municipal Income Trust stock for Q3 2017, down 8.5% quarter-over-quarter.
  • 2 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2017 and 9 closed out, a net change of -7 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q3 2017 was Guggenheim Capital, an estimated $854K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q3 2017 was Morgan Stanley, an estimated $2.24M sold.

Based on aggregated 13F filings for Q3 2017.