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Invesco California Value Municipal Income Trust
VCV

62 hedge funds and large institutions have $60M invested in Invesco California Value Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

18% more capital invested

Capital invested by funds: $51M → $60M (+$9.04M)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more funds holding

Funds holding: 61 → 62 (+1)

1.39% more ownership

Funds ownership: 9.36% → 10.75% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
62
Holders Change
+1
Holders Change %
+1.64%
% of All Funds
1.27%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
24
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$3.27M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.85M
3
CRC
Curi RMB Capital
Illinois
+$1.13M
4
AA
AQR Arbitrage
Connecticut
+$707K
5
GC
Guggenheim Capital
Illinois
+$703K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.4M
2
Osaic Holdings
Osaic Holdings
Arizona
-$387K
3
Invesco
Invesco
Georgia
-$356K
4
MF
Manchester Financial
California
-$351K
5
LPL Financial
LPL Financial
California
-$306K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$11.6M +$218K +19,085 +2%
GC
2
Guggenheim Capital
Illinois
$5.57M +$703K +61,639 +15%
UBS Group
3
UBS Group
Switzerland
$4.79M +$406K +35,577 +9%
RCM
4
Robinson Capital Management
Michigan
$4.3M +$3.27M +286,267 +351%
Bank of America
5
Bank of America
North Carolina
$3.85M -$1.4M -122,345 -27%
FFA
6
First Foundation Advisors
California
$2.47M +$23.9K +2,095 +1%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$2.42M +$1.85M +162,382 +359%
Wells Fargo
8
Wells Fargo
California
$2.15M +$368K +32,258 +21%
Invesco
9
Invesco
Georgia
$1.79M -$356K -31,152 -17%
AA
10
AQR Arbitrage
Connecticut
$1.75M +$707K +61,944 +70%
CRC
11
Curi RMB Capital
Illinois
$1.72M +$1.13M +99,042 +204%
JWA
12
JFS Wealth Advisors
Pennsylvania
$1.31M +$115K +10,096 +10%
MIG
13
Mariner Investment Group
New York
$1.15M – – –
HCM
14
Hollencrest Capital Management
California
$992K -$46.4K -4,065 -5%
KIM
15
Karpus Investment Management
New York
$921K +$152K +13,334 +20%
Osaic Holdings
16
Osaic Holdings
Arizona
$889K -$387K -33,952 -31%
C
17
Certuity
Florida
$850K – – –
AAM
18
Advisors Asset Management
Colorado
$821K +$137K +11,966 +21%
WAM
19
Wolverine Asset Management
Illinois
$821K +$541K +47,404 +207%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$719K -$107K -9,339 -13%
MC
21
Matisse Capital
Oregon
$674K +$659K +57,743 New
ACA
22
Ackerman Capital Advisors
Texas
$656K +$322K +28,180 +101%
PWSG
23
Pacific Wealth Strategies Group
California
$592K – – –
WS
24
Wedbush Securities
California
$568K -$26.8K -2,345 -5%
LCM
25
Landscape Capital Management
New Jersey
$522K +$135K +11,840 +36%
1
2 3

VCV Hedge Fund Activity: Q2 2020 in Review

62 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco California Value Municipal Income Trust (VCV) for Q2 2020, worth a combined $60M — up 18% from $51M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new VCV positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 14 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $3.27M. The largest seller was Bank of America, cutting an estimated $1.4M.

  • 62 institutional investors held Invesco California Value Municipal Income Trust (VCV) as of Q2 2020, up from 61 in Q1 2020.
  • Funds reported $60M of Invesco California Value Municipal Income Trust stock for Q2 2020, up 18% quarter-over-quarter.
  • 7 funds opened new Invesco California Value Municipal Income Trust positions in Q2 2020 and 6 closed out, a net change of +1 holder.
  • The largest Invesco California Value Municipal Income Trust buyer in Q2 2020 was Robinson Capital Management, an estimated $3.27M added.
  • The largest Invesco California Value Municipal Income Trust seller in Q2 2020 was Bank of America, an estimated $1.4M sold.

Based on aggregated 13F filings for Q2 2020.