Advent Convertible and Income Fund
AVK
91 hedge funds and large institutions have $95.3M invested in Advent Convertible and Income Fund in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 32 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
5% more funds holding
Funds holding: 87 → 91 (+4)
0.14% more ownership
Funds ownership: 26.85% → 26.98% (+0.14%)
9% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 32
10% less capital invested
Capital invested by funds: $106M → $95.3M (-$10.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$1.54M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.13M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$879K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$834K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.08M |
| 2 |
ACM
Advent Capital Management
New York
|
-$692K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$539K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$498K |
| 5 |
PTC
Private Trust Company
Cleveland,
Ohio
|
-$429K |
AVK Hedge Fund Activity: Q3 2023 in Review
91 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2023, worth a combined $95.3M — down 10% from $106M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new AVK positions and 7 closed out — a net gain of 5 holders — while 29 added to existing stakes and 32 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $1.54M. The largest seller was Morgan Stanley, cutting an estimated $4.08M.
- 91 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2023, up from 87 in Q2 2023.
- Funds reported $95.3M of Advent Convertible and Income Fund stock for Q3 2023, down 10% quarter-over-quarter.
- 12 funds opened new Advent Convertible and Income Fund positions in Q3 2023 and 7 closed out, a net change of +5 holders.
- The largest Advent Convertible and Income Fund buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $1.54M added.
- The largest Advent Convertible and Income Fund seller in Q3 2023 was Morgan Stanley, an estimated $4.08M sold.
Based on aggregated 13F filings for Q3 2023.