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Invesco California Value Municipal Income Trust
VCV

46 hedge funds and large institutions have $49.3M invested in Invesco California Value Municipal Income Trust in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

88% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 8

12% more funds holding

Funds holding: 41 → 46 (+5)

6% more capital invested

Capital invested by funds: $46.6M → $49.3M (+$2.67M)

0.64% more ownership

Funds ownership: 7.55% → 8.19% (+0.64%)

Holders
46
Holders Change
+5
Holders Change %
+12.2%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
15
Reduced
8
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$3.81M
2
AG
Advisor Group
Arizona
+$701K
3
LCM
Landscape Capital Management
New Jersey
+$607K
4
Bank of America
Bank of America
North Carolina
+$483K
5
BCM
BlueCrest Capital Management
Jersey
+$322K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$980K
2
NPC
National Planning Corporation
California
-$728K
3
UBS Group
UBS Group
Switzerland
-$613K
4
GC
Guggenheim Capital
Illinois
-$564K
5
HCM
Hollencrest Capital Management
California
-$521K
Name Holding Trade Value Shares
Change 		Change in
Stake
Squarepoint
26
Squarepoint
New York
$244K +$249K +19,400 New
BAM
27
Belpointe Asset Management
Nevada
$214K +$84.1K +6,550 +63%
HCM
28
Hollencrest Capital Management
California
$192K -$521K -40,555 -73%
PWSG
29
Pacific Wealth Strategies Group
California
$189K – – –
WS
30
Wedbush Securities
California
$186K +$10.2K +791 +6%
CRC
31
Curi RMB Capital
Illinois
$176K +$179K +13,977 New
First Trust Advisors
32
First Trust Advisors
Illinois
$159K -$1.57K -122 -1%
DADC
33
D.A. Davidson & Co
Montana
$159K – – –
GJIC
34
Gamble Jones Investment Counsel
California
$155K – – –
DI
35
Diligent Investors
California
$144K – – –
Citadel Advisors
36
Citadel Advisors
Florida
$141K +$143K +11,173 New
VF
37
Virtu Financial
New York
$139K +$142K +11,058 New
CG
38
Cutler Group
California
$125K – – –
SWP
39
Stratos Wealth Partners
Ohio
$81K +$82.8K +6,446 New
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$78K – – –
IA
41
IFP Advisors
Florida
$72K -$14.4K -1,119 -16%
SEI Investments
42
SEI Investments
Pennsylvania
$48K – – –
US Bancorp
43
US Bancorp
Minnesota
$18K – – –
GAM
44
Gemmer Asset Management
California
$10K +$116 +9 +1%
BCM
45
Blume Capital Management
California
$6K – – –
Citigroup
46
Citigroup
New York
$6K – – –
Northern Trust
47
Northern Trust
Illinois
$2K – – –
NPC
48
National Planning Corporation
California
– -$728K -55,450 Closed
Stifel Financial
49
Stifel Financial
Missouri
– -$250K -19,142 Closed
NGA
50
Naples Global Advisors
Florida
– -$134K -10,200 Closed
1
2
3

VCV Hedge Fund Activity: Q4 2017 in Review

46 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2017, worth a combined $49.3M — up 5.7% from $46.6M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new VCV positions and 4 closed out — a net gain of 5 holders — while 15 added to existing stakes and 8 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $3.81M. The largest seller was Advisors Asset Management, cutting an estimated $980K.

  • 46 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2017, up from 41 in Q3 2017.
  • Funds reported $49.3M of Invesco California Value Municipal Income Trust stock for Q4 2017, up 5.7% quarter-over-quarter.
  • 9 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2017 and 4 closed out, a net change of +5 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q4 2017 was Laurion Capital Management, an estimated $3.81M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q4 2017 was Advisors Asset Management, an estimated $980K sold.

Based on aggregated 13F filings for Q4 2017.