Invesco Municipal Opportunity Trust
VMO
76 hedge funds and large institutions have $97.4M invested in Invesco Municipal Opportunity Trust in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 12 closing their positions.
75% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 12
57% more capital invested
Capital invested by funds: $62.1M → $97.4M (+$35.3M)
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
12% more funds holding
Funds holding: 68 → 76 (+8)
4.5% more ownership
Funds ownership: 7.97% → 12.47% (+4.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$19.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.7M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$8.59M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.19M |
| 5 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$14.4M |
| 2 |
Morgan Stanley
New York
|
-$2.47M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$467K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$431K |
| 5 |
LPL Financial
San Diego,
California
|
-$399K |
VMO Hedge Fund Activity: Q4 2013 in Review
76 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Opportunity Trust (VMO) for Q4 2013, worth a combined $97.4M — up 57% from $62.1M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new VMO positions and 12 closed out — a net gain of 9 holders — while 23 added to existing stakes and 20 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $19.4M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $14.4M sold.
- 76 institutional investors held Invesco Municipal Opportunity Trust (VMO) as of Q4 2013, up from 68 in Q3 2013.
- Funds reported $97.4M of Invesco Municipal Opportunity Trust stock for Q4 2013, up 57% quarter-over-quarter.
- 21 funds opened new Invesco Municipal Opportunity Trust positions in Q4 2013 and 12 closed out, a net change of +9 holders.
- The largest Invesco Municipal Opportunity Trust buyer in Q4 2013 was Rivernorth Capital Management, an estimated $19.4M added.
- The largest Invesco Municipal Opportunity Trust seller in Q4 2013 was Fir Tree Capital Management, an estimated $14.4M sold.
Based on aggregated 13F filings for Q4 2013.