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AVK

Advent Convertible and Income Fund
AVK

73 hedge funds and large institutions have $118M invested in Advent Convertible and Income Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 20

23% more capital invested

Capital invested by funds: $96.2M → $118M (+$22.2M)

0.05% more ownership

Funds ownership: 26.86% → 26.9% (+0.05%)

0% more funds holding

Funds holding: 73 → 73 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

Holders
73
Holders Change
–
Holders Change %
0%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
26
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$1.57M
2
RJA
Raymond James & Associates
Florida
+$986K
3
Morgan Stanley
Morgan Stanley
New York
+$920K
4
UBS Group
UBS Group
Switzerland
+$674K
5
GC
Guggenheim Capital
Illinois
+$560K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$2.85M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$611K
3
RCM
Rivernorth Capital Management
Florida
-$574K
4
Bank of America
Bank of America
North Carolina
-$554K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$430K
Name Holding Trade Value Shares
Change 		Change in
Stake
APWA
51
Atlas Private Wealth Advisors
New Jersey
$80K +$75.1K +6,277 New
IFAM
52
Institutional & Family Asset Management
Colorado
$53K – – –
CAN
53
Cetera Advisor Networks
California
$49K +$45.8K +3,830 New
CT
54
Caldwell Trust
Florida
$39.2K – – –
Carson Wealth (CWM LLC)
55
Carson Wealth (CWM LLC)
Nebraska
$39K – – –
Rockefeller Capital Management
56
Rockefeller Capital Management
New York
$33K +$30.7K +2,568 New
ZB
57
Zions Bancorporation
Utah
$26K – – –
NSIM
58
North Star Investment Management
Illinois
$25K – – –
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$18K +$3.42K +286 +25%
MWC
60
MBM Wealth Consultants
Missouri
$13K – – –
BCWM
61
Bartlett & Co Wealth Management
Ohio
$10.5K – – –
BC
62
Bartlett & Co
Ohio
$10K – – –
WAM
63
Wolverine Asset Management
Illinois
$9K +$9.37K +783 New
PAM
64
Panagora Asset Management
Massachusetts
$8K – – –
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$7K +$6.3K +527 New
WLPWM
66
Walled Lake Planning & Wealth Management
Illinois
$6K +$168 +14 +3%
AF
67
Advisornet Financial
Minnesota
$5K – – –
CFD
68
Creative Financial Designs
Indiana
$5K +$4.61K +385 New
SFS
69
Sowell Financial Services
Arkansas
$4K -$132 -11 -3%
GI
70
Gradient Investments
Minnesota
$3K – – –
GWM
71
Geneos Wealth Management
Colorado
$1K – – –
Envestnet Asset Management
72
Envestnet Asset Management
Illinois
– -$430K -41,464 Closed
MWPCG
73
Measured Wealth Private Client Group
New Hampshire
– -$320K -30,918 Closed
DADC
74
D.A. Davidson & Co
Montana
– -$115K -11,094 Closed
CAN
75
Claraphi Advisory Network
United States
– -$42K -4,024 Closed
1 2
3
4

AVK Hedge Fund Activity: Q2 2020 in Review

73 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2020, worth a combined $118M — up 23% from $96.2M a quarter earlier.

Fund positioning in AVK was balanced in Q2 2020: 10 funds opened new positions, 10 closed out, 26 added to existing stakes and 20 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $1.57M. The largest seller was Advisors Asset Management, cutting an estimated $2.85M.

  • 73 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2020, unchanged from Q1 2020.
  • Funds reported $118M of Advent Convertible and Income Fund stock for Q2 2020, up 23% quarter-over-quarter.
  • 10 funds opened new Advent Convertible and Income Fund positions in Q2 2020 and 10 closed out, a net change of 0 holders.
  • The largest Advent Convertible and Income Fund buyer in Q2 2020 was Parametric Portfolio Associates, an estimated $1.57M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2020 was Advisors Asset Management, an estimated $2.85M sold.

Based on aggregated 13F filings for Q2 2020.