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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
FTCM
1
Fir Tree Capital Management
New York
$14.4M +$14.3M +1,222,394 New
AllianceBernstein
2
AllianceBernstein
Tennessee
$10.8M +$10.3M +883,635 +2,462%
Morgan Stanley
3
Morgan Stanley
New York
$6.7M +$1.58M +135,012 +31%
LPL Financial
4
LPL Financial
California
$3.81M -$311K -26,627 -7%
Goldman Sachs
5
Goldman Sachs
New York
$2.85M +$2.23M +190,959 +372%
GC
6
Guggenheim Capital
Illinois
$2.67M -$3.47M -297,631 -57%
SIA
7
Sit Investment Associates
Minnesota
$2.23M -$2.39M -204,500 -52%
Wells Fargo
8
Wells Fargo
California
$1.46M +$845K +72,449 +141%
KIM
9
Karpus Investment Management
New York
$1.4M +$1.39M +119,213 New
CA
10
Cornerstone Advisors
North Carolina
$1.22M +$1.2M +103,200 New
PPA
11
Parametric Portfolio Associates
Washington
$895K +$886K +75,971 New
FFSOTS
12
Fiduciary Financial Services of The Southwest
Texas
$882K -$7.35K -630 -0.8%
MIG
13
Mariner Investment Group
New York
$669K +$663K +56,796 New
GWM
14
Greenwich Wealth Management
Connecticut
$600K +$594K +50,894 New
VanEck Associates
15
VanEck Associates
New York
$596K +$166K +14,191 +39%
AQR Capital Management
16
AQR Capital Management
Connecticut
$594K +$588K +50,431 New
Geode Capital Management
17
Geode Capital Management
Massachusetts
$575K – – –
N
18
Nuveen
North Carolina
$570K -$121K -10,341 -18%
Citigroup
19
Citigroup
New York
$545K +$537K +46,014 +20,270%
HK
20
Horizon Kinetics
New York
$511K +$66.3K +5,681 +15%
U
21
UBS
Switzerland
$510K +$77.8K +6,673 +18%
GEM
22
Global Endowment Management
North Carolina
$505K +$500K +42,830 New
DS
23
DRW Securities
Illinois
$482K +$481K +41,230 New
TC
24
TFS Capital
Pennsylvania
$467K +$462K +39,619 New
RJA
25
Raymond James & Associates
Florida
$392K +$78.3K +6,714 +25%
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.