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AVK

Advent Convertible and Income Fund
AVK

92 hedge funds and large institutions have $2.37B invested in Advent Convertible and Income Fund in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,107% more capital invested

Capital invested by funds: $108M → $2.37B (+$2.27B)

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

18% more funds holding

Funds holding: 78 → 92 (+14)

7% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 27

1.18% less ownership

Funds ownership: 30.07% → 28.89% (-1.2%)

Holders
92
Holders Change
+14
Holders Change %
+17.95%
% of All Funds
1.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
25
Reduced
27
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.11M
2
Wells Fargo
Wells Fargo
California
+$993K
3
WAM
Wolverine Asset Management
Illinois
+$907K
4
GC
Guggenheim Capital
Illinois
+$825K
5
SC
Stolper & Co
Oklahoma
+$660K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.47M
2
RJA
Raymond James & Associates
Florida
-$2.14M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.02M
4
Bank of America
Bank of America
North Carolina
-$811K
5
OA
Oxbow Advisors
Texas
-$726K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
26
Ameritas Advisory Services
Nebraska
$608K +$298K +26,838 +88%
NA
27
NewEdge Advisors
Louisiana
$601K +$5.24K +471 +0.8%
WMS
28
Wealth Management Solutions
Pennsylvania
$542K -$15.2K -1,367 -3%
AAS
29
Avantax Advisory Services
Texas
$526K -$90.4K -8,129 -14%
SPIA
30
Steward Partners Investment Advisory
New York
$490K +$6.52K +586 +1%
FFP
31
FourThought Financial Partners
Florida
$467K +$489K +43,978 New
CWP
32
Cyndeo Wealth Partners
Florida
$450K +$471K +42,360 New
TPWM
33
Twelve Points Wealth Management
Massachusetts
$438K -$99.7K -8,963 -18%
PTC
34
Private Trust Company
Ohio
$410K – – –
ASN
35
Advisory Services Network
Georgia
$410K +$429K +38,595 New
HBCM
36
Heron Bay Capital Management
Michigan
$383K – – –
LCM
37
Landscape Capital Management
New Jersey
$380K +$398K +35,779 New
Mariner
38
Mariner
Kansas
$374K -$24.9K -2,243 -6%
IAIM
39
International Assets Investment Management
Florida
$347K +$234K +21,063 +182%
WCM
40
Windsor Capital Management
Arizona
$292K -$5.94K -534 -2%
Rockefeller Capital Management
41
Rockefeller Capital Management
New York
$289K +$3.11K +280 +1%
MA
42
Mutual Advisors
Nebraska
$271K -$119K -10,673 -29%
Truist Financial
43
Truist Financial
North Carolina
$270K +$122 +11 +0%
EC
44
Elequin Capital
New York
$268K +$281K +25,285 New
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$264K -$7.96K -716 -3%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$260K -$154K -13,832 -36%
First Trust Advisors
47
First Trust Advisors
Illinois
$256K -$393K -35,331 -59%
PWPS
48
Pinnacle Wealth Planning Services
Ohio
$250K -$28.9K -2,596 -10%
CF
49
Centaurus Financial
California
$246K -$5.76K -518 -2%
PAS
50
Park Avenue Securities
New York
$234K -$22.5K -2,024 -8%
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AVK Hedge Fund Activity: Q4 2022 in Review

92 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2022, worth a combined $2.37B — up 2,107% from $108M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new AVK positions and 4 closed out — a net gain of 16 holders — while 25 added to existing stakes and 27 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $5.47M.

  • 92 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2022, up from 78 in Q3 2022.
  • Funds reported $2.37B of Advent Convertible and Income Fund stock for Q4 2022, up 2,107% quarter-over-quarter.
  • 20 funds opened new Advent Convertible and Income Fund positions in Q4 2022 and 4 closed out, a net change of +16 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2022 was Shaker Financial Services, an estimated $1.11M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2022 was Morgan Stanley, an estimated $5.47M sold.

Based on aggregated 13F filings for Q4 2022.