Advent Convertible and Income Fund
AVK
55 hedge funds and large institutions have $139M invested in Advent Convertible and Income Fund in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 14 reducing their positions, and 5 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 14
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
11% more capital invested
Capital invested by funds: $125M → $139M (+$13.3M)
1.36% more ownership
Funds ownership: 37.19% → 38.55% (+1.4%)
0% more funds holding
Funds holding: 55 → 55 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.41M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.94M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.29M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.62M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$750K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$8.48M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.8M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$693K |
| 4 |
Morgan Stanley
New York
|
-$408K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$352K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
51
Steward Partners Investment Advisory
New York
| $6K | +$121 | +8 | +2% |
|
|
NMC
52
Nine Masts Capital
Central,
Hong Kong
| $6K | +$6.23K | +411 | New |
|
|
PCM
53
Penserra Capital Management
Orinda,
California
| $5K | -$637 | -42 | -11% |
|
|
AIM
54
Acrospire Investment Management
Chicago,
Illinois
| $5K | +$3.11K | +205 | +199% |
|
55
SEI Investments
Oaks,
Pennsylvania
| $3K | – | – | – |
|
|
LCM
56
Landscape Capital Management
Englewood,
New Jersey
| – | -$1.8M | -125,777 | Closed |
|
|
57
HighTower Advisors
Chicago,
Illinois
| – | -$352K | -24,532 | Closed |
|
|
TC
58
TFS Capital
West Chester,
Pennsylvania
| – | -$184K | -12,844 | Closed |
|
|
NFG
59
Next Financial Group
Houston,
Texas
| – | -$15K | -1,027 | Closed |
|
|
AA
60
Ancora Advisors
Cleveland,
Ohio
| – | -$3K | -221 | Closed |
|
AVK Hedge Fund Activity: Q1 2017 in Review
55 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2017, worth a combined $139M — up 11% from $125M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new AVK positions and 5 closed out — a net gain of 1 holder — while 25 added to existing stakes and 14 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $4.41M. The largest seller was Oxbow Advisors, cutting an estimated $8.48M.
- 55 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $139M of Advent Convertible and Income Fund stock for Q1 2017, up 11% quarter-over-quarter.
- 6 funds opened new Advent Convertible and Income Fund positions in Q1 2017 and 5 closed out, a net change of +1 holder.
- The largest Advent Convertible and Income Fund buyer in Q1 2017 was Sit Investment Associates, an estimated $4.41M added.
- The largest Advent Convertible and Income Fund seller in Q1 2017 was Oxbow Advisors, an estimated $8.48M sold.
Based on aggregated 13F filings for Q1 2017.