Advent Convertible and Income Fund
AVK
43 hedge funds and large institutions have $79.7M invested in Advent Convertible and Income Fund in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 12 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
0.49% more ownership
Funds ownership: 20.8% → 21.29% (+0.49%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $82.5M → $79.7M (-$2.81M)
16% less funds holding
Funds holding: 51 → 43 (-8)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.57M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.65M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$384K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$230K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
+$186K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$932K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$840K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$832K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$827K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$599K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
51
MUFG Americas
New York
| – | -$12K | -711 | Closed |
|
|
BBPWM
52
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$10K | -616 | Closed |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$10K | -597 | Closed |
|
54
Creative Planning
Overland Park,
Kansas
| – | -$2K | -142 | Closed |
|
AVK Hedge Fund Activity: Q2 2015 in Review
43 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2015, worth a combined $79.7M — down 3.4% from $82.5M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of AVK and 5 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 18 added.
The largest buyer was Ameriprise, adding an estimated $5.57M. The largest seller was Invesco, cutting an estimated $932K.
- 43 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2015, down from 51 in Q1 2015.
- Funds reported $79.7M of Advent Convertible and Income Fund stock for Q2 2015, down 3.4% quarter-over-quarter.
- 5 funds opened new Advent Convertible and Income Fund positions in Q2 2015 and 12 closed out, a net change of -7 holders.
- The largest Advent Convertible and Income Fund buyer in Q2 2015 was Ameriprise, an estimated $5.57M added.
- The largest Advent Convertible and Income Fund seller in Q2 2015 was Invesco, an estimated $932K sold.
Based on aggregated 13F filings for Q2 2015.