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Invesco California Value Municipal Income Trust
VCV

60 hedge funds and large institutions have $103M invested in Invesco California Value Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 10 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 10

70% more capital invested

Capital invested by funds: $60.6M → $103M (+$42.7M)

7% more ownership

Funds ownership: 15.02% → 22.02% (+7%)

0% more funds holding

Funds holding: 60 → 60 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
60
Holders Change
–
Holders Change %
0%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
25
Reduced
10
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$15.5M
2
SCM
Saba Capital Management
New York
+$11.6M
3
RCM
Robinson Capital Management
Michigan
+$2.29M
4
LSC
Logan Stone Capital
Illinois
+$2.13M
5
AAM
Advisors Asset Management
Colorado
+$1.55M

Top Sellers

Rank Fund Capital Flow
1
BPCM
Beach Point Capital Management
California
-$3.14M
2
UBS Group
UBS Group
Switzerland
-$1.95M
3
EW
Evoke Wealth
California
-$911K
4
Walleye Capital
Walleye Capital
New York
-$329K
5
FPCP
Fort Point Capital Partners
California
-$252K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$312K +$13.4K +1,500 +5%
CNWM
27
Clay Northam Wealth Management
California
$285K – – –
MC
28
Matisse Capital
Oregon
$256K – – –
LPL Financial
29
LPL Financial
California
$245K -$89.3K -10,000 -29%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$238K +$10.2K +1,139 +5%
WAM
31
Weiss Asset Management
Massachusetts
$211K +$193K +21,565 New
AC
32
Aristides Capital
Kentucky
$205K +$186K +20,884 New
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$201K +$3.18K +356 +2%
Mariner
34
Mariner
Kansas
$196K -$199K -22,243 -53%
Wealth Enhancement Advisory Services
35
Wealth Enhancement Advisory Services
Minnesota
$192K – – –
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$173K +$157K +17,636 New
KA
37
Kercheville Advisors
Texas
$167K – – –
JP Morgan Chase
38
JP Morgan Chase
New York
$166K +$151K +16,967 New
Mercer Global Advisors
39
Mercer Global Advisors
Colorado
$163K -$22.2K -2,486 -13%
EHC
40
Everett Harris & Co
California
$157K – – –
TJHA
41
Thomas J. Herzfeld Advisors
Florida
$122K +$111K +12,424 New
RCM
42
RB Capital Management
Nevada
$122K +$1.18K +132 +1%
WFA
43
WestHill Financial Advisors
California
$117K +$106K +11,925 New
GVAG
44
Great Valley Advisor Group
Delaware
$116K +$705 +79 +0.7%
MCP
45
Mirador Capital Partners
California
$115K +$54 +6 +0.1%
KWA
46
Kingswood Wealth Advisors
California
$111K – – –
Stifel Financial
47
Stifel Financial
Missouri
$107K +$4.27K +478 +5%
ACI
48
Alpha Cubed Investments
California
$103K -$49.1K -5,500 -34%
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$103K -$25.2K -2,824 -21%
FFA
50
First Foundation Advisors
California
$102K – – –
1
2
3

VCV Hedge Fund Activity: Q4 2023 in Review

60 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q4 2023, worth a combined $103M — up 70% from $60.6M a quarter earlier.

Fund positioning in VCV was balanced in Q4 2023: 10 funds opened new positions, 10 closed out, 25 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $15.5M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $3.14M sold.

  • 60 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q4 2023, unchanged from Q3 2023.
  • Funds reported $103M of Invesco California Value Municipal Income Trust stock for Q4 2023, up 70% quarter-over-quarter.
  • 10 funds opened new Invesco California Value Municipal Income Trust positions in Q4 2023 and 10 closed out, a net change of 0 holders.
  • The largest Invesco California Value Municipal Income Trust buyer in Q4 2023 was Morgan Stanley, an estimated $15.5M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q4 2023 was Beach Point Capital Management, an estimated $3.14M sold.

Based on aggregated 13F filings for Q4 2023.