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Invesco Municipal Opportunity Trust
VMO

70 hedge funds and large institutions have $102M invested in Invesco Municipal Opportunity Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 16

2% more capital invested

Capital invested by funds: $99.8M → $102M (+$1.7M)

0.1% more ownership

Funds ownership: 11.84% → 11.94% (+0.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 71 → 70 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
70
Holders Change
-1
Holders Change %
-1.41%
% of All Funds
2.03%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
22
Reduced
16
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$3.01M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.78M
3
AAM
Advisors Asset Management
Colorado
+$1.07M
4
KIM
Karpus Investment Management
New York
+$961K
5
Cohen & Steers
Cohen & Steers
New York
+$538K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$1.64M
2
RCM
Rivernorth Capital Management
Florida
-$1.6M
3
Morgan Stanley
Morgan Stanley
New York
-$1.3M
4
NCM
Newgate Capital Management
Connecticut
-$892K
5
GEM
Global Endowment Management
North Carolina
-$771K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
51
Ladenburg Thalmann Financial Services
Florida
$151K +$59.9K +4,818 +67%
UR
52
USCA RIA
Texas
$147K – – –
Creative Planning
53
Creative Planning
Kansas
$107K +$6.36K +511 +6%
Fifth Third Bancorp
54
Fifth Third Bancorp
Ohio
$100K +$18K +1,450 +22%
TJHA
55
Thomas J. Herzfeld Advisors
Florida
$76K – – –
NES
56
New England Securities
New York
$59K – – –
US Bancorp
57
US Bancorp
Minnesota
$50K -$20.7K -1,667 -29%
FMII
58
Farmers & Merchants Investments Inc
Nebraska
$44K – – –
NFG
59
Next Financial Group
Texas
$38K +$38.1K +3,066 New
SSB
60
Sandy Spring Bank
Maryland
$30K – – –
MFS
61
MSI Financial Services
Massachusetts
$26K +$19.1K +1,536 +307%
First Manhattan
62
First Manhattan
New York
$24K -$12 -1 -0.1%
CFA
63
Carroll Financial Associates
North Carolina
$23K – – –
AIG
64
American International Group
New York
$15.7K – – –
EFSCE
65
Enterprise Financial Services Corp (EFSC)
Missouri
$14K – – –
Northern Trust
66
Northern Trust
Illinois
$5K -$203K -16,322 -28%
DOA
67
D'Orazio & Associates
Virginia
$5K – – –
FAM
68
Formidable Asset Management
Ohio
$4K – – –
HCM
69
Horrell Capital Management
Arkansas
$4K – – –
TWA
70
TCI Wealth Advisors
Arizona
$3K +$2.79K +224 New
JFGIW
71
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K +$1.63K +131 New
MIG
72
Mariner Investment Group
New York
– -$1.64M -130,285 Closed
NCM
73
Newgate Capital Management
Connecticut
– -$892K -70,814 Closed
TC
74
TFS Capital
Pennsylvania
– -$608K -48,289 Closed
VKH
75
Virtu KCG Holdings
New York
– -$175K -13,924 Closed
1 2
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VMO Hedge Fund Activity: Q3 2014 in Review

70 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q3 2014, worth a combined $102M — up 1.7% from $99.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of VMO and 6 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 22 added.

The largest buyer was AllianceBernstein, adding an estimated $3.01M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.64M sold.

  • 70 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q3 2014, down from 71 in Q2 2014.
  • Funds reported $102M of Invesco Municipal Opportunity Trust stock for Q3 2014, up 1.7% quarter-over-quarter.
  • 6 funds opened new Invesco Municipal Opportunity Trust positions in Q3 2014 and 7 closed out, a net change of -1 holder.
  • The largest Invesco Municipal Opportunity Trust buyer in Q3 2014 was AllianceBernstein, an estimated $3.01M added.
  • The largest Invesco Municipal Opportunity Trust seller in Q3 2014 was Mariner Investment Group, an estimated $1.64M sold.

Based on aggregated 13F filings for Q3 2014.