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AVK

Advent Convertible and Income Fund
AVK

75 hedge funds and large institutions have $145M invested in Advent Convertible and Income Fund in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 37 increasing their positions, 14 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

164% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 14

13.01% more ownership

Funds ownership: 17.53% → 30.55% (+13%)

7% more capital invested

Capital invested by funds: $136M → $145M (+$8.83M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

7% less funds holding

Funds holding: 81 → 75 (-6)

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12

Holders
75
Holders Change
-6
Holders Change %
-7.41%
% of All Funds
1.62%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
37
Reduced
14
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.23M
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.19M
3
PPA
Parametric Portfolio Associates
Washington
+$819K
4
AAM
Advisors Asset Management
Colorado
+$639K
5
ACM
Advent Capital Management
New York
+$509K

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$3.24M
2
WAM
Wolverine Asset Management
Illinois
-$2M
3
Morgan Stanley
Morgan Stanley
New York
-$1.99M
4
Invesco
Invesco
Georgia
-$1.47M
5
JP Morgan Chase
JP Morgan Chase
New York
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFGIA
51
Patriot Financial Group Insurance Agency
Massachusetts
$105K +$17.3K +1,260 +21%
IFAM
52
Institutional & Family Asset Management
Colorado
$60K – – –
US Bancorp
53
US Bancorp
Minnesota
$50K – – –
RCAG
54
Rehmann Capital Advisory Group
Michigan
$41.8K – – –
BBPWM
55
Blue Bell Private Wealth Management
Pennsylvania
$41K – – –
Citigroup
56
Citigroup
New York
$39K +$11.4K +831 +45%
Carson Wealth (CWM LLC)
57
Carson Wealth (CWM LLC)
Nebraska
$39K +$28.9K +2,098 New
IWP
58
Icon Wealth Partners
Texas
$31K +$29.9K +2,173 New
ZB
59
Zions Bancorporation
Utah
$30K – – –
DBT
60
Dubuque Bank & Trust
Iowa
$28K – – –
NSIM
61
North Star Investment Management
Illinois
$28K – – –
CF
62
Centaurus Financial
California
$27.8K +$1.45K +105 +33%
ASN
63
Advisory Services Network
Georgia
$17K -$179 -13 -1%
GSWM
64
Golden State Wealth Management
California
$15K +$14.5K +1,054 New
MWC
65
MBM Wealth Consultants
Missouri
$14K – – –
IA
66
IFP Advisors
Florida
$9K -$7.92K -575 -47%
Koshinski Asset Management
67
Koshinski Asset Management
Illinois
$7.03K +$97.1K +7,052 +1%
BC
68
Bartlett & Co
Ohio
$6K – – –
BCWM
69
Bartlett & Co Wealth Management
Ohio
$5.54K – – –
AF
70
Advisornet Financial
Minnesota
$5K – – –
CFB
71
Cullen/Frost Bankers
Texas
$5K +$5.25K +381 New
PNC Financial Services Group
72
PNC Financial Services Group
Pennsylvania
$4K – – –
FHB
73
First Hawaiian Bank
Hawaii
$3K – – –
KL
74
KWMG LLC
Kansas
$3K – – –
GWM
75
Geneos Wealth Management
Colorado
$1K – – –
1 2
3
4

AVK Hedge Fund Activity: Q1 2019 in Review

75 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2019, worth a combined $145M — up 6.5% from $136M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of AVK and 6 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 37 added.

The largest buyer was LPL Financial, adding an estimated $1.23M. The largest seller was Curi RMB Capital, cutting an estimated $3.24M.

  • 75 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2019, down from 81 in Q4 2018.
  • Funds reported $145M of Advent Convertible and Income Fund stock for Q1 2019, up 6.5% quarter-over-quarter.
  • 6 funds opened new Advent Convertible and Income Fund positions in Q1 2019 and 12 closed out, a net change of -6 holders.
  • The largest Advent Convertible and Income Fund buyer in Q1 2019 was LPL Financial, an estimated $1.23M added.
  • The largest Advent Convertible and Income Fund seller in Q1 2019 was Curi RMB Capital, an estimated $3.24M sold.

Based on aggregated 13F filings for Q1 2019.