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Invesco Municipal Opportunity Trust
VMO

68 hedge funds and large institutions have $62.1M invested in Invesco Municipal Opportunity Trust in 2013 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

375% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 4

76% more capital invested

Capital invested by funds: $35.3M → $62.1M (+$26.7M)

26% more funds holding

Funds holding: 54 → 68 (+14)

3.81% more ownership

Funds ownership: 4.16% → 7.97% (+3.8%)

0% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 17

Holders
68
Holders Change
+14
Holders Change %
+25.93%
% of All Funds
2.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
17
Reduced
17
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FTCM
Fir Tree Capital Management
New York
+$14.3M
2
AllianceBernstein
AllianceBernstein
Tennessee
+$10.3M
3
Goldman Sachs
Goldman Sachs
New York
+$2.23M
4
Morgan Stanley
Morgan Stanley
New York
+$1.58M
5
KIM
Karpus Investment Management
New York
+$1.39M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$3.47M
2
SIA
Sit Investment Associates
Minnesota
-$2.39M
3
AAM
Advisors Asset Management
Colorado
-$1.35M
4
Bank of America
Bank of America
North Carolina
-$636K
5
LPL Financial
LPL Financial
California
-$311K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Wolverine Asset Management
Illinois
$386K +$382K +32,787 New
IH
27
IFC Holdings
Florida
$369K -$36.3K -3,114 -9%
Bank of America
28
Bank of America
North Carolina
$364K -$636K -54,477 -64%
RCM
29
Rivernorth Capital Management
Florida
$359K +$355K +30,470 New
HighTower Advisors
30
HighTower Advisors
Illinois
$359K +$356K +30,486 New
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$352K +$16.3K +1,398 +5%
AAM
32
Advisors Asset Management
Colorado
$329K -$1.35M -115,513 -81%
RFC
33
Regions Financial Corp
Alabama
$281K – – –
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$260K – – –
RJT
35
Raymond James Trust
Florida
$237K +$87.5K +7,500 +60%
DA
36
Doliver Advisors
Texas
$223K +$221K +18,954 New
PA
37
Planning Alternatives
Michigan
$201K -$11.7K -1,000 -6%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$201K +$25.9K +2,224 +15%
ICAS
39
Investors Capital Advisory Services
Massachusetts
$173K -$24.9K -2,137 -13%
PP
40
Paloma Partners
Connecticut
$145K -$11.7K -1,000 -8%
Ameriprise
41
Ameriprise
Minnesota
$135K +$60.2K +5,160 +82%
UCFA
42
United Capital Financial Advisors
Texas
$134K – – –
SNC
43
Stifel Nicolaus & Co
Missouri
$130K – – –
WA
44
WealthTrust Axiom
Pennsylvania
$125K -$23.3K -2,000 -16%
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$120K +$63K +5,398 +113%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$94K +$20.3K +1,738 +28%
M&T Bank
47
M&T Bank
New York
$87K – – –
US Bancorp
48
US Bancorp
Minnesota
$82K – – –
Creative Planning
49
Creative Planning
Kansas
$81K -$8.17K -700 -9%
PFO
50
Pathstone Family Office
New Jersey
$81K +$82K +7,026 New
1
2
3

VMO Hedge Fund Activity: Q3 2013 in Review

68 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q3 2013, worth a combined $62.1M — up 76% from $35.3M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new VMO positions and 4 closed out — a net gain of 15 holders — while 17 added to existing stakes and 17 trimmed.

The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $14.3M. The largest seller was Guggenheim Capital, cutting an estimated $3.47M.

  • 68 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q3 2013, up from 54 in Q2 2013.
  • Funds reported $62.1M of Invesco Municipal Opportunity Trust stock for Q3 2013, up 76% quarter-over-quarter.
  • 19 funds opened new Invesco Municipal Opportunity Trust positions in Q3 2013 and 4 closed out, a net change of +15 holders.
  • The largest Invesco Municipal Opportunity Trust buyer in Q3 2013 was Fir Tree Capital Management, an estimated $14.3M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q3 2013 was Guggenheim Capital, an estimated $3.47M sold.

Based on aggregated 13F filings for Q3 2013.