Advent Convertible and Income Fund
AVK
49 hedge funds and large institutions have $74.3M invested in Advent Convertible and Income Fund in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
14% more funds holding
Funds holding: 43 → 49 (+6)
3.25% more ownership
Funds ownership: 21.29% → 24.55% (+3.3%)
7% less capital invested
Capital invested by funds: $79.7M → $74.3M (-$5.36M)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$7.06M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$4.53M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$2.98M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.67M |
| 5 |
Citigroup
New York
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.22M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$1.66M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$861K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$582K |
| 5 |
SJIC
St. James Investment Company
Southlake,
Texas
|
-$522K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CI
51
CAZ Investments
Houston,
Texas
| – | -$218K | -13,696 | Closed |
|
52
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$214K | -13,454 | Closed |
|
|
FANJ
53
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$18K | -1,116 | Closed |
|
|
GT
54
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$8K | -514 | Closed |
|
AVK Hedge Fund Activity: Q3 2015 in Review
49 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2015, worth a combined $74.3M — down 6.7% from $79.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new AVK positions and 5 closed out — a net gain of 6 holders — while 14 added to existing stakes and 16 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $7.06M. The largest seller was Ameriprise, cutting an estimated $8.22M.
- 49 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2015, up from 43 in Q2 2015.
- Funds reported $74.3M of Advent Convertible and Income Fund stock for Q3 2015, down 6.7% quarter-over-quarter.
- 11 funds opened new Advent Convertible and Income Fund positions in Q3 2015 and 5 closed out, a net change of +6 holders.
- The largest Advent Convertible and Income Fund buyer in Q3 2015 was Wolverine Asset Management, an estimated $7.06M added.
- The largest Advent Convertible and Income Fund seller in Q3 2015 was Ameriprise, an estimated $8.22M sold.
Based on aggregated 13F filings for Q3 2015.