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Invesco California Value Municipal Income Trust
VCV

56 hedge funds and large institutions have $64.9M invested in Invesco California Value Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

62% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 13

12% more funds holding

Funds holding: 50 → 56 (+6)

9% more capital invested

Capital invested by funds: $59.4M → $64.9M (+$5.52M)

1.78% more ownership

Funds ownership: 12.37% → 14.15% (+1.8%)

Holders
56
Holders Change
+6
Holders Change %
+12%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
21
Reduced
13
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BPCM
Beach Point Capital Management
California
+$3.14M
2
Morgan Stanley
Morgan Stanley
New York
+$1.63M
3
GC
Guggenheim Capital
Illinois
+$861K
4
Osaic Holdings
Osaic Holdings
Arizona
+$776K
5
HWAM
Hennion & Walsh Asset Management
New Jersey
+$592K

Top Sellers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
-$716K
2
UBS Group
UBS Group
Switzerland
-$143K
3
VF
Virtu Financial
New York
-$140K
4
MCP
Mirador Capital Partners
California
-$92.8K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$86.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$328K -$86.5K -8,922 -21%
RJA
27
Raymond James & Associates
Florida
$299K +$72.7K +7,500 +32%
LPL Financial
28
LPL Financial
California
$294K +$31.1K +3,209 +12%
LCM
29
Landscape Capital Management
New Jersey
$282K +$181K +18,656 +174%
CNWM
30
Clay Northam Wealth Management
California
$278K – – –
Ameriprise
31
Ameriprise
Minnesota
$276K -$37.5K -3,865 -12%
KIM
32
Karpus Investment Management
New York
$257K -$10.7K -1,101 -4%
MC
33
Matisse Capital
Oregon
$250K – – –
Janney Montgomery Scott
34
Janney Montgomery Scott
Pennsylvania
$243K +$42.8K +4,417 +21%
AFA
35
Arlington Financial Advisors
California
$216K – – –
Cetera Investment Advisers
36
Cetera Investment Advisers
Illinois
$193K +$6.3K +650 +3%
RCM
37
RB Capital Management
Nevada
$187K -$21.7K -2,237 -10%
Mercer Global Advisors
38
Mercer Global Advisors
Colorado
$181K – – –
KA
39
Kercheville Advisors
Texas
$163K – – –
Vanguard Group
40
Vanguard Group
Pennsylvania
$162K +$164K +16,870 New
EHC
41
Everett Harris & Co
California
$154K – – –
ACI
42
Alpha Cubed Investments
California
$154K – – –
FPCP
43
Fort Point Capital Partners
California
$140K +$142K +14,614 New
DI
44
Diligent Investors
California
$123K – – –
MA
45
MKT Advisors
California
$114K – – –
MCP
46
Mirador Capital Partners
California
$113K -$92.8K -9,573 -45%
GVAG
47
Great Valley Advisor Group
Delaware
$112K – – –
FFA
48
First Foundation Advisors
California
$100K +$101K +10,446 New
VCWA
49
Vanguard Capital Wealth Advisors
Colorado
$95.8K – – –
MAWCM
50
Mine & Arao Wealth Creation & Management
California
$81K – – –
1
2
3

VCV Hedge Fund Activity: Q2 2023 in Review

56 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2023, worth a combined $64.9M — up 9.3% from $59.4M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new VCV positions and 2 closed out — a net gain of 6 holders — while 21 added to existing stakes and 13 trimmed.

The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $3.14M. The largest seller was Logan Stone Capital, cutting an estimated $716K.

  • 56 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2023, up from 50 in Q1 2023.
  • Funds reported $64.9M of Invesco California Value Municipal Income Trust stock for Q2 2023, up 9.3% quarter-over-quarter.
  • 8 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2023 and 2 closed out, a net change of +6 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q2 2023 was Beach Point Capital Management, an estimated $3.14M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q2 2023 was Logan Stone Capital, an estimated $716K sold.

Based on aggregated 13F filings for Q2 2023.