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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$15.5M |
| 2 |
SCM
Saba Capital Management
New York
|
+$11.6M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.29M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$2.13M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$3.14M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.95M |
| 3 |
EW
Evoke Wealth
Los Angeles,
California
|
-$911K |
| 4 |
Walleye Capital
New York
|
-$329K |
| 5 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
-$252K |
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.