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AVK

Advent Convertible and Income Fund
AVK

64 hedge funds and large institutions have $98.6M invested in Advent Convertible and Income Fund in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

333% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 3

75% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 16

19% more funds holding

Funds holding: 54 → 64 (+10)

0.1% less ownership

Funds ownership: 27.14% → 27.04% (-0.1%)

2% less capital invested

Capital invested by funds: $101M → $98.6M (-$2.33M)

Holders
64
Holders Change
+10
Holders Change %
+18.52%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
28
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$4.42M
2
WAM
Wolverine Asset Management
Illinois
+$2.82M
3
AAM
Advisors Asset Management
Colorado
+$2.46M
4
Invesco
Invesco
Georgia
+$1.24M
5
CRC
Curi RMB Capital
Illinois
+$1.13M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$8.21M
2
SIA
Sit Investment Associates
Minnesota
-$1.76M
3
WCM
Windsor Capital Management
Arizona
-$1.68M
4
Wells Fargo
Wells Fargo
California
-$1.64M
5
LCM
Laurion Capital Management
New York
-$891K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$591K -$24.9K -1,604 -4%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$489K +$10.7K +691 +2%
Millennium Management
28
Millennium Management
New York
$390K +$125K +8,022 +47%
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$371K +$57.7K +3,710 +18%
Baird Financial Group
30
Baird Financial Group
Wisconsin
$365K +$2.67K +172 +0.7%
CIA
31
Capital Investment Advisors
Georgia
$357K -$7.82K -503 -2%
NFG
32
Nations Financial Group
Iowa
$285K -$17.9K -1,154 -6%
PAS
33
Park Avenue Securities
New York
$270K +$269K +17,312 New
CAN
34
Cetera Advisor Networks
California
$220K +$12.4K +801 +6%
SPC
35
Sigma Planning Corp
Michigan
$217K +$218K +14,031 New
MOS
36
MGO One Seven
Ohio
$209K +$210K +13,510 New
Squarepoint
37
Squarepoint
New York
$198K +$199K +12,782 New
ASN
38
Advisory Services Network
Georgia
$155K +$17.1K +1,098 +12%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$143K +$7.13K +459 +5%
VCM
40
Virtue Capital Management
Tennessee
$136K +$136K +8,780 New
AG
41
Advisor Group
Arizona
$132K +$32.6K +2,095 +33%
IA
42
IFP Advisors
Florida
$51K +$7.71K +496 +18%
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$39K -$32.4K -2,087 -45%
SWP
44
Stratos Wealth Partners
Ohio
$38K +$38K +2,445 New
IWP
45
Icon Wealth Partners
Texas
$34K +$33.8K +2,173 New
ZB
46
Zions Bancorporation
Utah
$32K – – –
NSIM
47
North Star Investment Management
Illinois
$28K +$591 +38 +2%
PWPS
48
Pinnacle Wealth Planning Services
Ohio
$28K +$27.8K +1,791 New
TDC
49
Thompson Davis & Co
Virginia
$27K -$27K -1,736 -50%
IWM
50
IHT Wealth Management
Illinois
$27K +$16.7K +1,075 +166%
1
2
3

AVK Hedge Fund Activity: Q4 2017 in Review

64 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2017, worth a combined $98.6M — down 2.3% from $101M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new AVK positions and 3 closed out — a net gain of 10 holders — while 28 added to existing stakes and 16 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $4.42M. The largest seller was Saba Capital Management, cutting an estimated $8.21M.

  • 64 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2017, up from 54 in Q3 2017.
  • Funds reported $98.6M of Advent Convertible and Income Fund stock for Q4 2017, down 2.3% quarter-over-quarter.
  • 13 funds opened new Advent Convertible and Income Fund positions in Q4 2017 and 3 closed out, a net change of +10 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2017 was Parametric Portfolio Associates, an estimated $4.42M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2017 was Saba Capital Management, an estimated $8.21M sold.

Based on aggregated 13F filings for Q4 2017.