Advent Convertible and Income Fund
AVK
73 hedge funds and large institutions have $96.2M invested in Advent Convertible and Income Fund in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 13 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 17
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
0% more funds holding
Funds holding: 73 → 73 (0)
0.39% less ownership
Funds ownership: 27.25% → 26.86% (-0.39%)
32% less capital invested
Capital invested by funds: $142M → $96.2M (-$46.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$5.02M |
| 2 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$3.12M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.62M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$647K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$640K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.93M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.77M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.34M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.31M |
AVK Hedge Fund Activity: Q1 2020 in Review
73 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2020, worth a combined $96.2M — down 32% from $142M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new AVK positions and 13 closed out — a net gain of 3 holders — while 28 added to existing stakes and 17 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $5.02M. The largest seller was Oxbow Advisors, cutting an estimated $1.93M.
- 73 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $96.2M of Advent Convertible and Income Fund stock for Q1 2020, down 32% quarter-over-quarter.
- 16 funds opened new Advent Convertible and Income Fund positions in Q1 2020 and 13 closed out, a net change of +3 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2020 was Raymond James & Associates, an estimated $5.02M added.
- The largest Advent Convertible and Income Fund seller in Q1 2020 was Oxbow Advisors, an estimated $1.93M sold.
Based on aggregated 13F filings for Q1 2020.