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AVK

Advent Convertible and Income Fund
AVK

49 hedge funds and large institutions have $74.3M invested in Advent Convertible and Income Fund in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

14% more funds holding

Funds holding: 43 → 49 (+6)

3.25% more ownership

Funds ownership: 21.29% → 24.55% (+3.3%)

7% less capital invested

Capital invested by funds: $79.7M → $74.3M (-$5.36M)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

Holders
49
Holders Change
+6
Holders Change %
+13.95%
% of All Funds
1.37%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
11
Increased
14
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$7.06M
2
CRC
Curi RMB Capital
Illinois
+$4.53M
3
DA
Doliver Advisors
Texas
+$2.98M
4
RCM
Rivernorth Capital Management
Florida
+$1.67M
5
Citigroup
Citigroup
New York
+$1.23M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$8.22M
2
EVM
Eaton Vance Management
Massachusetts
-$1.66M
3
Invesco
Invesco
Georgia
-$861K
4
AAM
Advisors Asset Management
Colorado
-$582K
5
SJIC
St. James Investment Company
Texas
-$522K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$422K +$17.4K +1,181 +4%
TC
27
TFS Capital
Pennsylvania
$400K +$461K +31,221 New
EVM
28
Eaton Vance Management
Massachusetts
$336K -$1.66M -112,293 -82%
Koshinski Asset Management
29
Koshinski Asset Management
Illinois
$331K +$308K +20,836 New
Baird Financial Group
30
Baird Financial Group
Wisconsin
$319K -$8.26K -559 -2%
AA
31
AQR Arbitrage
Connecticut
$200K +$230K +15,600 New
CIBC World Market
32
CIBC World Market
Ontario, Canada
$144K +$3.16K +214 +2%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$133K -$3.07K -208 -2%
DADC
34
D.A. Davidson & Co
Montana
$87K – – –
AIG
35
American International Group
New York
$55K – – –
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$51K -$4.75K -322 -7%
CPIG
37
Chicago Partners Investment Group
Illinois
$47K +$576 +39 +1%
BCMIO
38
Beacon Capital Management Inc (Ohio)
Ohio
$41K -$3.03K -205 -6%
BBPWM
39
Blue Bell Private Wealth Management
Pennsylvania
$40K +$45.5K +3,081 New
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$31K -$4.3K -291 -11%
ZB
41
Zions Bancorporation
Utah
$26K – – –
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$20K – – –
MFS
43
MSI Financial Services
Massachusetts
$18K +$15.9K +1,077 +317%
FAM
44
Formidable Asset Management
Ohio
$13K – – –
BA
45
BlackRock Advisors
Delaware
$12K +$14.4K +973 New
BCM
46
Brookstone Capital Management
Illinois
$6K – – –
BC
47
Bartlett & Co
Ohio
$5K – – –
WAS
48
Winch Advisory Services
Wisconsin
$5K +$103 +7 +2%
RIA
49
Regal Investment Advisors
Michigan
$3K – – –
SJIC
50
St. James Investment Company
Texas
– -$522K -32,838 Closed
1
2
3

AVK Hedge Fund Activity: Q3 2015 in Review

49 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2015, worth a combined $74.3M — down 6.7% from $79.7M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new AVK positions and 5 closed out — a net gain of 6 holders — while 14 added to existing stakes and 16 trimmed.

The largest buyer was Wolverine Asset Management, adding an estimated $7.06M. The largest seller was Ameriprise, cutting an estimated $8.22M.

  • 49 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2015, up from 43 in Q2 2015.
  • Funds reported $74.3M of Advent Convertible and Income Fund stock for Q3 2015, down 6.7% quarter-over-quarter.
  • 11 funds opened new Advent Convertible and Income Fund positions in Q3 2015 and 5 closed out, a net change of +6 holders.
  • The largest Advent Convertible and Income Fund buyer in Q3 2015 was Wolverine Asset Management, an estimated $7.06M added.
  • The largest Advent Convertible and Income Fund seller in Q3 2015 was Ameriprise, an estimated $8.22M sold.

Based on aggregated 13F filings for Q3 2015.