Invesco California Value Municipal Income Trust
VCV
42 hedge funds and large institutions have $41.4M invested in Invesco California Value Municipal Income Trust in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 11 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
0.82% less ownership
Funds ownership: 8.19% → 7.37% (-0.82%)
9% less funds holding
Funds holding: 46 → 42 (-4)
16% less capital invested
Capital invested by funds: $49.3M → $41.4M (-$7.89M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$965K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$608K |
| 3 |
Millennium Management
New York
|
+$399K |
| 4 |
EHC
Everett Harris & Co
Los Angeles,
California
|
+$194K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.16M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$917K |
| 3 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$542K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$397K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$372K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CRC
51
Curi RMB Capital
Chicago,
Illinois
| – | -$176K | -13,977 | Closed |
|
|
DADC
52
D.A. Davidson & Co
Great Falls,
Montana
| – | -$159K | -12,600 | Closed |
|
53
Citadel Advisors
Miami,
Florida
| – | -$141K | -11,173 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$139K | -11,058 | Closed |
|
VCV Hedge Fund Activity: Q1 2018 in Review
42 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q1 2018, worth a combined $41.4M — down 16% from $49.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of VCV and 7 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Landscape Capital Management, adding an estimated $965K. The largest seller was Laurion Capital Management, cutting an estimated $3.16M.
- 42 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q1 2018, down from 46 in Q4 2017.
- Funds reported $41.4M of Invesco California Value Municipal Income Trust stock for Q1 2018, down 16% quarter-over-quarter.
- 7 funds opened new Invesco California Value Municipal Income Trust positions in Q1 2018 and 11 closed out, a net change of -4 holders.
- The largest Invesco California Value Municipal Income Trust buyer in Q1 2018 was Landscape Capital Management, an estimated $965K added.
- The largest Invesco California Value Municipal Income Trust seller in Q1 2018 was Laurion Capital Management, an estimated $3.16M sold.
Based on aggregated 13F filings for Q1 2018.