Invesco Trust Investment Grade Municipals
VGM
102 hedge funds and large institutions have $135M invested in Invesco Trust Investment Grade Municipals in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 15 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 26
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.88% less ownership
Funds ownership: 28.81% → 23.92% (-4.9%)
5% less capital invested
Capital invested by funds: $142M → $135M (-$7.61M)
6% less funds holding
Funds holding: 108 → 102 (-6)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$4.8M |
| 2 |
Morgan Stanley
New York
|
+$1.02M |
| 3 |
LPL Financial
San Diego,
California
|
+$986K |
| 4 |
LWL
Leo Wealth LLC
Hurst,
Texas
|
+$809K |
| 5 |
NEWAS
N.E.W. Advisory Services
De Pere,
Wisconsin
|
+$762K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
-$16.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.89M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$5.13M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$2.81M |
| 5 |
KIG
Kennedy Investment Group
West Depford,
New Jersey
|
-$1.72M |
VGM Hedge Fund Activity: Q4 2025 in Review
102 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2025, worth a combined $135M — down 5.3% from $142M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of VGM and 10 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 35 added.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $4.8M. The largest seller was Gridiron Partners, cutting an estimated $16.1M.
- 102 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2025, down from 108 in Q3 2025.
- Funds reported $135M of Invesco Trust Investment Grade Municipals stock for Q4 2025, down 5.3% quarter-over-quarter.
- 10 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2025 and 15 closed out, a net change of -5 holders.
- The largest Invesco Trust Investment Grade Municipals buyer in Q4 2025 was Hennion & Walsh Asset Management, an estimated $4.8M added.
- The largest Invesco Trust Investment Grade Municipals seller in Q4 2025 was Gridiron Partners, an estimated $16.1M sold.
Based on aggregated 13F filings for Q4 2025.