Invesco California Value Municipal Income Trust
VCV
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.
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: 53 → 46 (-7)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$665K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
+$659K |
| 3 |
Morgan Stanley
New York
|
+$518K |
| 4 |
SCP
Syntal Capital Partners
Midland,
Texas
|
+$275K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$253K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.05M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$857K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$634K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$499K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$461K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Millennium Management
New York
| – | -$205K | -17,400 | Closed |
|
52
SG Americas Securities
New York
| – | -$146K | -12,406 | Closed |
|
|
DI
53
Diligent Investors
Redlands,
California
| – | -$135K | -11,412 | Closed |
|
|
DA
54
Doliver Advisors
Houston,
Texas
| – | -$124K | -10,483 | Closed |
|
|
AA
55
Apriem Advisors
Irvine,
California
| – | -$71K | -6,000 | Closed |
|
56
SEI Investments
Oaks,
Pennsylvania
| – | -$68K | -5,795 | Closed |
|
|
GT
57
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$24K | -2,000 | Closed |
|
58
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$3K | -265 | Closed |
|
|
CF
59
Centaurus Financial
Anaheim,
California
| – | -$3K | -231 | 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.