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AVK

Advent Convertible and Income Fund
AVK

44 hedge funds and large institutions have $75.5M invested in Advent Convertible and Income Fund in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

7% more funds holding

Funds holding: 41 → 44 (+3)

0.84% less ownership

Funds ownership: 19.82% → 18.98% (-0.84%)

12% less capital invested

Capital invested by funds: $85.7M → $75.5M (-$10.2M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
44
Holders Change
+3
Holders Change %
+7.32%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
7
Increased
17
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$3.07M
2
Ameriprise
Ameriprise
Minnesota
+$1.39M
3
DA
Doliver Advisors
Texas
+$1.08M
4
Invesco
Invesco
Georgia
+$643K
5
VKH
Virtu KCG Holdings
New York
+$354K

Top Sellers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
-$3.94M
2
AAM
Advisors Asset Management
Colorado
-$1.82M
3
RCM
Robinson Capital Management
Michigan
-$1.52M
4
Wells Fargo
Wells Fargo
California
-$1.18M
5
SFS
Shaker Financial Services
Virginia
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCMIO
26
Beacon Capital Management Inc (Ohio)
Ohio
$182K +$5.17K +283 +3%
NES
27
New England Securities
New York
$147K +$138K +7,564 +669%
DADC
28
D.A. Davidson & Co
Montana
$131K – – –
AIG
29
American International Group
New York
$92.5K -$28.1K -1,541 -22%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$66K -$64.2K -3,517 -48%
FAM
31
Formidable Asset Management
Ohio
$35K +$37.5K +2,054 New
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$26K – – –
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$24K +$1.37K +75 +6%
FANJ
34
Financial Architects (New Jersey)
New Jersey
$19K – – –
NFG
35
Next Financial Group
Texas
$17K – – –
MA
36
MUFG Americas
New York
$8K +$804 +44 +11%
BC
37
Bartlett & Co
Ohio
$7K -$128 -7 -2%
BRWM
38
B. Riley Wealth Management
Tennessee
$7K +$110 +6 +1%
WAS
39
Winch Advisory Services
Wisconsin
$7K +$110 +6 +2%
RIA
40
Regal Investment Advisors
Michigan
$5K -$6.1K -334 -52%
NSIM
41
North Star Investment Management
Illinois
$3K -$19.4K -1,062 -84%
Citigroup
42
Citigroup
New York
$3K -$7.87K -431 -70%
GSC
43
Ground Swell Capital
South Carolina
$2K +$2.12K +116 New
Fifth Third Bancorp
44
Fifth Third Bancorp
Ohio
$1K +$931 +51 New
EVM
45
Eaton Vance Management
Massachusetts
– -$3.94M -214,660 Closed
SFS
46
Shaker Financial Services
Virginia
– -$1.11M -60,595 Closed
Deutsche Bank
47
Deutsche Bank
Germany
– -$24K -1,310 Closed
FHA
48
First Horizon Advisors
Tennessee
– -$1K -43 Closed
1
2

AVK Hedge Fund Activity: Q3 2014 in Review

44 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2014, worth a combined $75.5M — down 12% from $85.7M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new AVK positions and 4 closed out — a net gain of 3 holders — while 17 added to existing stakes and 14 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $3.07M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $3.94M sold.

  • 44 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2014, up from 41 in Q2 2014.
  • Funds reported $75.5M of Advent Convertible and Income Fund stock for Q3 2014, down 12% quarter-over-quarter.
  • 7 funds opened new Advent Convertible and Income Fund positions in Q3 2014 and 4 closed out, a net change of +3 holders.
  • The largest Advent Convertible and Income Fund buyer in Q3 2014 was Parametric Portfolio Associates, an estimated $3.07M added.
  • The largest Advent Convertible and Income Fund seller in Q3 2014 was Eaton Vance Management, an estimated $3.94M sold.

Based on aggregated 13F filings for Q3 2014.