Invesco High Income Trust II
26 hedge funds and large institutions have $23.5M invested in Invesco High Income Trust II in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 8 closing their positions.
12% more capital invested
Capital invested by funds: $21M → $23.5M (+$2.49M)
1.71% more ownership
Funds ownership: 20.19% → 21.9% (+1.7%)
10% less funds holding
Funds holding: 29 → 26 (-3)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.39M |
| 2 |
Morgan Stanley
New York
|
+$642K |
| 3 |
SI
SII Investments
Appleton,
Wisconsin
|
+$130K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$125K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$88.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$1.47M |
| 2 |
LPL Financial
San Diego,
California
|
-$423K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$349K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$293K |
| 5 |
SG Americas Securities
New York
|
-$279K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Citigroup
New York
| – | -$1.47M | -114,040 | Closed |
|
|
27
SG Americas Securities
New York
| – | -$279K | -21,684 | Closed |
|
|
CRC
28
Curi RMB Capital
Chicago,
Illinois
| – | -$262K | -20,391 | Closed |
|
|
MC
29
Matisse Capital
Portland,
Oregon
| – | -$211K | -16,400 | Closed |
|
|
MFS
30
MSI Financial Services
Springfield,
Massachusetts
| – | -$19K | -1,447 | Closed |
|
31
Wells Fargo
San Francisco,
California
| – | -$10.2K | -801 | -100% |
|
|
ADL
32
Asset Dedication LLC
San Francisco,
California
| – | -$6K | -479 | Closed |
|
|
CHC
33
City Holding Co
Charleston,
West Virginia
| – | -$5K | -420 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$1K | -40 | Closed |
|
VLT Hedge Fund Activity: Q1 2016 in Review
26 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Invesco High Income Trust II (VLT) for Q1 2016, worth a combined $23.5M — up 12% from $21M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of VLT and 5 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Saba Capital Management, adding an estimated $4.39M. The largest seller was Citigroup, exiting entirely with an estimated $1.47M sold.
- 26 institutional investors held Invesco High Income Trust II (VLT) as of Q1 2016, down from 29 in Q4 2015.
- Funds reported $23.5M of Invesco High Income Trust II stock for Q1 2016, up 12% quarter-over-quarter.
- 5 funds opened new Invesco High Income Trust II positions in Q1 2016 and 8 closed out, a net change of -3 holders.
- The largest Invesco High Income Trust II buyer in Q1 2016 was Saba Capital Management, an estimated $4.39M added.
- The largest Invesco High Income Trust II seller in Q1 2016 was Citigroup, an estimated $1.47M sold.
Based on aggregated 13F filings for Q1 2016.