We are live on ! Find out more
AVK

Advent Convertible and Income Fund
AVK

50 hedge funds and large institutions have $109M invested in Advent Convertible and Income Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2% more capital invested

Capital invested by funds: $108M → $109M (+$1.7M)

0% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 18

1.36% less ownership

Funds ownership: 35.53% → 34.17% (-1.4%)

15% less funds holding

Funds holding: 59 → 50 (-9)

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

Holders
50
Holders Change
-9
Holders Change %
-15.25%
% of All Funds
1.33%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
5
Increased
18
Reduced
18
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$15.2M
2
RCM
Rivernorth Capital Management
Florida
+$4.94M
3
EVM
Eaton Vance Management
Massachusetts
+$2.91M
4
Wells Fargo
Wells Fargo
California
+$1.98M
5
MIG
Mariner Investment Group
New York
+$1.91M

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$13.5M
2
WAM
Wolverine Asset Management
Illinois
-$3.78M
3
MC
Matisse Capital
Oregon
-$3.31M
4
MM
Midas Management
New York
-$1.78M
5
CA
Cornerstone Advisors
North Carolina
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
51
Matisse Capital
Oregon
– -$3.31M -257,161 Closed
MM
52
Midas Management
New York
– -$1.78M -138,132 Closed
NMC
53
Nine Masts Capital
Hong Kong
– -$1.56M -121,620 Closed
DA
54
Doliver Advisors
Texas
– -$853K -66,341 Closed
SG Americas Securities
55
SG Americas Securities
New York
– -$451K -35,098 Closed
AWA
56
Arete Wealth Advisors
Illinois
– -$421K -32,730 Closed
SFS
57
Shaker Financial Services
Virginia
– -$223K -17,356 Closed
RTS
58
Round Table Services
New Jersey
– -$194K -15,097 Closed
JCM
59
JD Capital Management
Connecticut
– -$133K -10,335 Closed
AIG
60
American International Group
New York
– -$72K -5,546 Closed
BBPWM
61
Blue Bell Private Wealth Management
Pennsylvania
– -$35K -2,754 Closed
FAM
62
Formidable Asset Management
Ohio
– -$13K -1,027 Closed
TRCT
63
Tower Research Capital (TRC)
New York
– -$3K -205 Closed
Creative Planning
64
Creative Planning
Kansas
– +$174 +13 New
1 2
3

AVK Hedge Fund Activity: Q2 2016 in Review

50 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2016, worth a combined $109M — up 1.6% from $108M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of AVK and 5 opened new positions — a net loss of 9 holders — while 18 trimmed existing stakes and 18 added.

The largest buyer was Saba Capital Management, adding an estimated $15.2M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $13.5M sold.

  • 50 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2016, down from 59 in Q1 2016.
  • Funds reported $109M of Advent Convertible and Income Fund stock for Q2 2016, up 1.6% quarter-over-quarter.
  • 5 funds opened new Advent Convertible and Income Fund positions in Q2 2016 and 14 closed out, a net change of -9 holders.
  • The largest Advent Convertible and Income Fund buyer in Q2 2016 was Saba Capital Management, an estimated $15.2M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $13.5M sold.

Based on aggregated 13F filings for Q2 2016.