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Invesco California Value Municipal Income Trust

46 hedge funds and large institutions have $44.3M invested in Invesco California Value Municipal Income Trust in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

0.57% less ownership

Funds ownership: 8.51%7.94% (-0.57%)

8% less capital invested

Capital invested by funds: $48.2M → $44.3M (-$3.94M)

13% less funds holding

Funds holding: 5346 (-7)

58% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 12

Holders
46
Holders Change
-7
Holders Change %
-13.21%
% of All Funds
1.05%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
15
Reduced
14
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
26
LPL Financial
California
$213K +$30.3K +2,546 +16%
Stifel Financial
27
Stifel Financial
Missouri
$178K +$4.17K +350 +2%
HCM
28
Hollencrest Capital Management
California
$176K +$1K +84 +0.6%
GJIC
29
Gamble Jones Investment Counsel
California
$165K
First Trust Advisors
30
First Trust Advisors
Illinois
$158K -$4.6K -386 -3%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$152K -$12 -1 -0%
OC
32
Oppenheimer & Co
New York
$144K +$146K +12,294 New
RJA
33
Raymond James & Associates
Florida
$144K +$147K +12,308 New
AA
34
AQR Arbitrage
Connecticut
$141K -$94.6K -7,944 -40%
VCWA
35
Vanguard Capital Wealth Advisors
Colorado
$122K
CG
36
Cutler Group
California
$117K
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$105K +$19.8K +1,660 +23%
SWP
38
Stratos Wealth Partners
Ohio
$84K +$85.7K +7,200 New
MA
39
MUFG Americas
New York
$54K
CFG
40
CKW Financial Group
Hawaii
$46K
PA
41
Parallel Advisors
California
$31K +$405 +34 +1%
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$21K -$14.7K -1,236 -41%
US Bancorp
43
US Bancorp
Minnesota
$17K
GAM
44
Gemmer Asset Management
California
$15K +$6.01K +505 +64%
IA
45
IFP Advisors
Florida
$12K -$28K -2,350 -69%
WWMSC
46
Wagner Wealth Management (South Carolina)
South Carolina
$9K
Citigroup
47
Citigroup
New York
$6K
LCM
48
Laurion Capital Management
New York
-$2.05M -173,754 Closed
RCM
49
Rivernorth Capital Management
Florida
-$499K -42,300 Closed
CRC
50
Curi RMB Capital
Illinois
-$280K -23,769 Closed

VCV Hedge Fund Activity: Q3 2018 in Review

46 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q3 2018, worth a combined $44.3M — down 8.2% from $48.2M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of VCV and 5 opened new positions — a net loss of 7 holders — while 14 trimmed existing stakes and 15 added.

The largest buyer was City of London Investment Management, opening a new position worth an estimated $665K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.05M sold.

  • 46 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q3 2018, down from 53 in Q2 2018.
  • Funds reported $44.3M of Invesco California Value Municipal Income Trust stock for Q3 2018, down 8.2% quarter-over-quarter.
  • 5 funds opened new Invesco California Value Municipal Income Trust positions in Q3 2018 and 12 closed out, a net change of -7 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q3 2018 was City of London Investment Management, an estimated $665K added.
  • The largest Invesco California Value Municipal Income Trust seller in Q3 2018 was Laurion Capital Management, an estimated $2.05M sold.

Based on aggregated 13F filings for Q3 2018.