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AVK

Advent Convertible and Income Fund
AVK

68 hedge funds and large institutions have $141M invested in Advent Convertible and Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 20

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.54% less ownership

Funds ownership: 30.55% → 30% (-0.54%)

3% less capital invested

Capital invested by funds: $145M → $141M (-$3.84M)

9% less funds holding

Funds holding: 75 → 68 (-7)

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
68
Holders Change
-7
Holders Change %
-9.33%
% of All Funds
1.48%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
29
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$4.58M
2
GC
Guggenheim Capital
Illinois
+$998K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$723K
4
PPA
Parametric Portfolio Associates
Washington
+$656K
5
UBS Group
UBS Group
Switzerland
+$532K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$2.94M
2
RCM
Rivernorth Capital Management
Florida
-$1.85M
3
RJA
Raymond James & Associates
Florida
-$1.39M
4
CRC
Curi RMB Capital
Illinois
-$1.28M
5
CCP
Clough Capital Partners
Massachusetts
-$1.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
IFAM
51
Institutional & Family Asset Management
Colorado
$61K – – –
US Bancorp
52
US Bancorp
Minnesota
$51K – – –
SPIA
53
Steward Partners Investment Advisory
New York
$47K +$46.3K +3,225 New
RCAG
54
Rehmann Capital Advisory Group
Michigan
$42.7K – – –
BBPWM
55
Blue Bell Private Wealth Management
Pennsylvania
$41K – – –
Citigroup
56
Citigroup
New York
$39K -$345 -24 -0.9%
Carson Wealth (CWM LLC)
57
Carson Wealth (CWM LLC)
Nebraska
$39K – – –
ZB
58
Zions Bancorporation
Utah
$30K – – –
ASN
59
Advisory Services Network
Georgia
$18K +$489 +34 +3%
GSWM
60
Golden State Wealth Management
California
$15K – – –
MWC
61
MBM Wealth Consultants
Missouri
$15K – – –
RCM
62
Rivernorth Capital Management
Florida
$11.1K -$1.85M -128,635 -14%
AF
63
Advisornet Financial
Minnesota
$6K – – –
BC
64
Bartlett & Co
Ohio
$6K – – –
CFB
65
Cullen/Frost Bankers
Texas
$6K – – –
BCWM
66
Bartlett & Co Wealth Management
Ohio
$5.65K – – –
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$4K – – –
GWM
68
Geneos Wealth Management
Colorado
$1K – – –
CRC
69
Curi RMB Capital
Illinois
– -$1.28M -89,098 Closed
CCP
70
Clough Capital Partners
Massachusetts
– -$1.06M -73,646 Closed
6M
71
6 Meridian
Kansas
– -$915K -63,660 Closed
OC
72
Oppenheimer & Co
New York
– -$377K -26,246 Closed
HIM
73
Hanlon Investment Management
New Jersey
– -$200K -13,889 Closed
IWP
74
Icon Wealth Partners
Texas
– -$31K -2,173 Closed
DBT
75
Dubuque Bank & Trust
Iowa
– -$28K -1,938 Closed
1 2
3
4

AVK Hedge Fund Activity: Q2 2019 in Review

68 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2019, worth a combined $141M — down 2.7% from $145M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of AVK and 4 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 29 added.

The largest buyer was LPL Financial, adding an estimated $4.58M. The largest seller was BlackRock, cutting an estimated $2.94M.

  • 68 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2019, down from 75 in Q1 2019.
  • Funds reported $141M of Advent Convertible and Income Fund stock for Q2 2019, down 2.7% quarter-over-quarter.
  • 4 funds opened new Advent Convertible and Income Fund positions in Q2 2019 and 10 closed out, a net change of -6 holders.
  • The largest Advent Convertible and Income Fund buyer in Q2 2019 was LPL Financial, an estimated $4.58M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2019 was BlackRock, an estimated $2.94M sold.

Based on aggregated 13F filings for Q2 2019.