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AVK

Advent Convertible and Income Fund
AVK

81 hedge funds and large institutions have $136M invested in Advent Convertible and Income Fund in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

9% more funds holding

Funds holding: 74 → 81 (+7)

2.27% more ownership

Funds ownership: 15.27% → 17.53% (+2.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less capital invested

Capital invested by funds: $148M → $136M (-$11.9M)

Holders
81
Holders Change
+7
Holders Change %
+9.46%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
27
Reduced
24
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$11.9M
2
RCM
Rivernorth Capital Management
Florida
+$4.3M
3
WAM
Wolverine Asset Management
Illinois
+$2.21M
4
LCM
Landscape Capital Management
New Jersey
+$2.17M
5
CCP
Clough Capital Partners
Massachusetts
+$808K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$4.99M
2
SFS
Shaker Financial Services
Virginia
-$1.94M
3
Wells Fargo
Wells Fargo
California
-$1.59M
4
LCM
Laurion Capital Management
New York
-$1.29M
5
CA
Cornerstone Advisors
North Carolina
-$687K
Name Holding Trade Value Shares
Change 		Change in
Stake
MOS
51
MGO One Seven
Ohio
$195K -$8.79K -650 -4%
DA
52
Doliver Advisors
Texas
$183K -$14.5K -1,070 -7%
AIC
53
Ameritas Investment Company
Nebraska
$177K +$196K +14,480 New
Truist Financial
54
Truist Financial
North Carolina
$175K +$4.87K +360 +3%
Millennium Management
55
Millennium Management
New York
$142K +$158K +11,651 New
SPC
56
Sigma Planning Corp
Michigan
$141K -$1.61K -119 -1%
VCM
57
Virtue Capital Management
Tennessee
$135K -$162K -11,994 -52%
PFGIA
58
Patriot Financial Group Insurance Agency
Massachusetts
$74K +$81.9K +6,058 New
IFAM
59
Institutional & Family Asset Management
Colorado
$51K – – –
US Bancorp
60
US Bancorp
Minnesota
$43K – – –
RCAG
61
Rehmann Capital Advisory Group
Michigan
$35.5K – – –
BBPWM
62
Blue Bell Private Wealth Management
Pennsylvania
$35K – – –
ZB
63
Zions Bancorporation
Utah
$25K – – –
DBT
64
Dubuque Bank & Trust
Iowa
$24K – – –
NSIM
65
North Star Investment Management
Illinois
$24K +$230 +17 +0.9%
Citigroup
66
Citigroup
New York
$23K +$392 +29 +2%
IA
67
IFP Advisors
Florida
$15K -$3.33K -246 -17%
ASN
68
Advisory Services Network
Georgia
$15K +$2.14K +158 +15%
MWA
69
Meridian Wealth Advisors
Texas
$15K +$16.6K +1,226 New
MWC
70
MBM Wealth Consultants
Missouri
$12K +$13.6K +1,006 New
AIM
71
Anchor Investment Management
South Carolina
$6.27K – – –
AF
72
Advisornet Financial
Minnesota
$5K -$17.2K -1,270 -77%
BC
73
Bartlett & Co
Ohio
$5K – – –
BCWM
74
Bartlett & Co Wealth Management
Ohio
$4.7K – – –
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
$4K -$2.49K -184 -39%
1 2
3
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AVK Hedge Fund Activity: Q4 2018 in Review

81 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2018, worth a combined $136M — down 8.1% from $148M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new AVK positions and 8 closed out — a net gain of 8 holders — while 27 added to existing stakes and 24 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $11.9M. The largest seller was Bank of America, cutting an estimated $4.99M.

  • 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2018, up from 74 in Q3 2018.
  • Funds reported $136M of Advent Convertible and Income Fund stock for Q4 2018, down 8.1% quarter-over-quarter.
  • 16 funds opened new Advent Convertible and Income Fund positions in Q4 2018 and 8 closed out, a net change of +8 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2018 was Raymond James & Associates, an estimated $11.9M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2018 was Bank of America, an estimated $4.99M sold.

Based on aggregated 13F filings for Q4 2018.