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Invesco Trust Investment Grade Municipals
VGM

109 hedge funds and large institutions have $211M invested in Invesco Trust Investment Grade Municipals in 2024 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 26 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

46% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 26

6% more funds holding

Funds holding: 103 → 109 (+6)

1.13% more ownership

Funds ownership: 37.48% → 38.61% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less capital invested

Capital invested by funds: $215M → $211M (-$3.11M)

Holders
109
Holders Change
+6
Holders Change %
+5.83%
% of All Funds
1.44%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
17
Increased
38
Reduced
26
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$12.6M
2
KIM
Karpus Investment Management
New York
+$6.21M
3
RCM
Robinson Capital Management
Michigan
+$4.38M
4
Pathstone Holdings
Pathstone Holdings
New Jersey
+$3.58M
5
LPL Financial
LPL Financial
California
+$2.19M

Top Sellers

1
SCM
Saba Capital Management
New York
-$25.4M
2
SIA
Sit Investment Associates
Minnesota
-$2.11M
3
AA
AQR Arbitrage
Connecticut
-$1.93M
4
LSC
Logan Stone Capital
Illinois
-$1.62M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$426K
Name Holding Trade Value Shares
Change 		Change in
Stake
KFI
101
Key Financial Inc
Pennsylvania
$6.14K – – –
MCM
102
MAI Capital Management
Ohio
$5.05K +$5.14K +500 New
MWM
103
Mascoma Wealth Management
New Hampshire
$3.23K – – –
CA
104
CoreCap Advisors
Michigan
$2.95K – – –
PS
105
Principal Securities
Iowa
$2.52K – – –
CFD
106
Creative Financial Designs
Indiana
$1.48K – – –
AF
107
Allworth Financial
California
$1.32K +$21 +2 +2%
TRCT
108
Tower Research Capital (TRC)
New York
$1.03K +$1.05K +102 New
NS
109
NBC Securities
Alabama
$45 -$46.6K -4,537 -100%
SCM
110
Saba Capital Management
New York
– -$25.4M -2,404,317 Closed
LSC
111
Logan Stone Capital
Illinois
– -$1.62M -153,789 Closed
NMC
112
Nine Masts Capital
Hong Kong
– -$306K -28,982 Closed
CIBC Private Wealth Group
113
CIBC Private Wealth Group
Georgia
– -$87K -8,236 Closed
UB
114
UMB Bank
Missouri
– -$24.1K -2,282 Closed
Bessemer Group
115
Bessemer Group
New Jersey
– -$10K -985 Closed
WAM
116
Wolverine Asset Management
Illinois
– -$9.5K -900 Closed
CT
117
Colonial Trust
South Carolina
– -$6.21K -588 Closed
1 2 3 4
5

VGM Hedge Fund Activity: Q4 2024 in Review

109 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Invesco Trust Investment Grade Municipals (VGM) for Q4 2024, worth a combined $211M — down 1.4% from $215M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new VGM positions and 8 closed out — a net gain of 9 holders — while 38 added to existing stakes and 26 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $12.6M. The largest seller was Saba Capital Management, exiting entirely with an estimated $25.4M sold.

  • 109 institutional investors held Invesco Trust Investment Grade Municipals (VGM) as of Q4 2024, up from 103 in Q3 2024.
  • Funds reported $211M of Invesco Trust Investment Grade Municipals stock for Q4 2024, down 1.4% quarter-over-quarter.
  • 17 funds opened new Invesco Trust Investment Grade Municipals positions in Q4 2024 and 8 closed out, a net change of +9 holders.
  • The largest Invesco Trust Investment Grade Municipals buyer in Q4 2024 was Rivernorth Capital Management, an estimated $12.6M added.
  • The largest Invesco Trust Investment Grade Municipals seller in Q4 2024 was Saba Capital Management, an estimated $25.4M sold.

Based on aggregated 13F filings for Q4 2024.