Invesco High Income Trust II
34 hedge funds and large institutions have $21.9M invested in Invesco High Income Trust II in 2019 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
13% more funds holding
Funds holding: 30 → 34 (+4)
15.86% less ownership
Funds ownership: 34.74% → 18.89% (-16%)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
27% less capital invested
Capital invested by funds: $29.9M → $21.9M (-$8.02M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.52M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$479K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$476K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$350K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$250K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$12.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.35M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.12M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$851K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$607K |
VLT Hedge Fund Activity: Q4 2019 in Review
34 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco High Income Trust II (VLT) for Q4 2019, worth a combined $21.9M — down 27% from $29.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new VLT positions and 4 closed out — a net gain of 5 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $1.52M. The largest seller was Saba Capital Management, cutting an estimated $12.9M.
- 34 institutional investors held Invesco High Income Trust II (VLT) as of Q4 2019, up from 30 in Q3 2019.
- Funds reported $21.9M of Invesco High Income Trust II stock for Q4 2019, down 27% quarter-over-quarter.
- 9 funds opened new Invesco High Income Trust II positions in Q4 2019 and 4 closed out, a net change of +5 holders.
- The largest Invesco High Income Trust II buyer in Q4 2019 was Matisse Capital, an estimated $1.52M added.
- The largest Invesco High Income Trust II seller in Q4 2019 was Saba Capital Management, an estimated $12.9M sold.
Based on aggregated 13F filings for Q4 2019.