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AVK

Advent Convertible and Income Fund
AVK

92 hedge funds and large institutions have $4.94B invested in Advent Convertible and Income Fund in 2024 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 30 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,121% more capital invested

Capital invested by funds: $117M → $4.94B (+$4.83B)

46% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 13

25% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 24

13.59% more ownership

Funds ownership: 30.85% → 44.44% (+14%)

1% more funds holding

Funds holding: 91 → 92 (+1)

Holders
92
Holders Change
+1
Holders Change %
+1.1%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
30
Reduced
24
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$49.8M
2
AIA
Absolute Investment Advisers
Florida
+$9.36M
3
QL
Quarry LP
New York
+$3.28M
4
Creative Planning
Creative Planning
Kansas
+$1.89M
5
AAM
Advisors Asset Management
Colorado
+$1.29M

Top Sellers

Rank Fund Capital Flow
1
IAIM
International Assets Investment Management
Florida
-$4.38M
2
BFM
Boothbay Fund Management
New York
-$3.39M
3
AWA
Arete Wealth Advisors
Illinois
-$3.26M
4
AGM
Alpine Global Management
New York
-$2.62M
5
Morgan Stanley
Morgan Stanley
New York
-$2.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$766K +$61.6K +5,240 +9%
CWP
27
Cyndeo Wealth Partners
Florida
$746K – – –
NA
28
NewEdge Advisors
Louisiana
$740K +$30.5K +2,600 +4%
WA
29
Waverly Advisors
Alabama
$699K +$698K +59,395 New
SC
30
Stolper & Co
Oklahoma
$647K -$14.5K -1,238 -2%
YCM
31
Yakira Capital Management
Connecticut
$629K -$361K -30,727 -36%
PI
32
PFG Investments
New York
$597K -$66.7K -5,677 -10%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$542K -$13.2K -1,122 -2%
Wealth Enhancement Advisory Services
34
Wealth Enhancement Advisory Services
Minnesota
$536K +$48.7K +4,146 +10%
HBCM
35
Heron Bay Capital Management
Michigan
$504K +$90.6K +7,709 +22%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$460K +$459K +39,047 New
TPWM
37
Twelve Points Wealth Management
Massachusetts
$412K -$10.2K -869 -2%
IAIM
38
International Assets Investment Management
Florida
$408K -$4.38M -373,065 -91%
AAS
39
Ameritas Advisory Services
Nebraska
$392K -$15K -1,277 -4%
Calamos Advisors
40
Calamos Advisors
Illinois
$386K +$385K +32,762 New
SCM
41
Sage Capital Management
New Jersey
$385K +$11.7K +1,000 +3%
CWM
42
Centurion Wealth Management
Virginia
$380K +$5.05K +430 +1%
CA
43
CoreCap Advisors
Michigan
$330K +$175K +14,900 +113%
CIA
44
Concurrent Investment Advisors
Florida
$310K +$136K +11,586 +79%
Stifel Financial
45
Stifel Financial
Missouri
$309K +$174K +14,808 +130%
OA
46
Oxbow Advisors
Texas
$284K +$8.25K +702 +3%
SPIA
47
Steward Partners Investment Advisory
New York
$268K -$15.9K -1,350 -6%
AFG
48
Atomi Financial Group
New York
$261K +$23.5K +1,999 +10%
BPA
49
Beacon Pointe Advisors
California
$259K -$12.4K -1,059 -5%
WCM
50
Windsor Capital Management
Arizona
$257K -$5.34K -455 -2%
1
2
3 4 5

AVK Hedge Fund Activity: Q4 2024 in Review

92 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2024, worth a combined $4.94B — up 4,121% from $117M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new AVK positions and 13 closed out — a net gain of 6 holders — while 30 added to existing stakes and 24 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $49.8M. The largest seller was International Assets Investment Management, cutting an estimated $4.38M.

  • 92 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2024, up from 91 in Q3 2024.
  • Funds reported $4.94B of Advent Convertible and Income Fund stock for Q4 2024, up 4,121% quarter-over-quarter.
  • 19 funds opened new Advent Convertible and Income Fund positions in Q4 2024 and 13 closed out, a net change of +6 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2024 was Sit Investment Associates, an estimated $49.8M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2024 was International Assets Investment Management, an estimated $4.38M sold.

Based on aggregated 13F filings for Q4 2024.