Invesco High Income Trust II
33 hedge funds and large institutions have $35M invested in Invesco High Income Trust II in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
0% more funds holding
Funds holding: 33 → 33 (0)
3.83% less ownership
Funds ownership: 38.3% → 34.47% (-3.8%)
18% less capital invested
Capital invested by funds: $42.6M → $35M (-$7.59M)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.71M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.13M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$247K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$243K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$142K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.85M |
| 2 |
Walleye Trading
New York
|
-$1.48M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.06M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$882K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$618K |
VLT Hedge Fund Activity: Q4 2018 in Review
33 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco High Income Trust II (VLT) for Q4 2018, worth a combined $35M — down 18% from $42.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VLT positions and 7 closed out — a net gain of 2 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.71M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.85M.
- 33 institutional investors held Invesco High Income Trust II (VLT) as of Q4 2018, unchanged from Q3 2018.
- Funds reported $35M of Invesco High Income Trust II stock for Q4 2018, down 18% quarter-over-quarter.
- 9 funds opened new Invesco High Income Trust II positions in Q4 2018 and 7 closed out, a net change of +2 holders.
- The largest Invesco High Income Trust II buyer in Q4 2018 was Saba Capital Management, an estimated $3.71M added.
- The largest Invesco High Income Trust II seller in Q4 2018 was Rivernorth Capital Management, an estimated $3.85M sold.
Based on aggregated 13F filings for Q4 2018.