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AVK

Advent Convertible and Income Fund
AVK

74 hedge funds and large institutions have $109M invested in Advent Convertible and Income Fund in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

1% more funds holding

Funds holding: 73 → 74 (+1)

2.1% less ownership

Funds ownership: 26.9% → 24.81% (-2.1%)

8% less capital invested

Capital invested by funds: $118M → $109M (-$9.66M)

Holders
74
Holders Change
+1
Holders Change %
+1.37%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
27
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
+$1.02M
2
6M
6 Meridian
Kansas
+$878K
3
WAM
Wolverine Asset Management
Illinois
+$796K
4
PPA
Parametric Portfolio Associates
Washington
+$725K
5
GC
Guggenheim Capital
Illinois
+$518K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$4.76M
2
AAM
Advisors Asset Management
Colorado
-$3.22M
3
FAM
Formidable Asset Management
Ohio
-$2.82M
4
Wells Fargo
Wells Fargo
California
-$1.29M
5
Morgan Stanley
Morgan Stanley
New York
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
APWA
51
Atlas Private Wealth Advisors
New Jersey
$84K – – –
IFAM
52
Institutional & Family Asset Management
Colorado
$56K – – –
BCA
53
Berman Capital Advisors
Georgia
$52K +$52.8K +3,904 New
NFG
54
Next Financial Group
Texas
$51K +$51.4K +3,800 New
CT
55
Caldwell Trust
Florida
$41.4K – – –
Carson Wealth (CWM LLC)
56
Carson Wealth (CWM LLC)
Nebraska
$39K – – –
Rockefeller Capital Management
57
Rockefeller Capital Management
New York
$34K – – –
ZB
58
Zions Bancorporation
Utah
$28K – – –
APA
59
American Portfolios Advisors
New York
$27.6K +$27.8K +2,054 New
FGA
60
Fortis Group Advisors
New Jersey
$27K +$27.6K +2,039 New
NSIM
61
North Star Investment Management
Illinois
$26K – – –
GWM
62
Geneos Wealth Management
Colorado
$23K +$22.5K +1,663 +1,630%
PNC Financial Services Group
63
PNC Financial Services Group
Pennsylvania
$19K – – –
MWC
64
MBM Wealth Consultants
Missouri
$14K – – –
GSWM
65
Golden State Wealth Management
California
$14K +$14.3K +1,054 New
BCWM
66
Bartlett & Co Wealth Management
Ohio
$11K – – –
BC
67
Bartlett & Co
Ohio
$11K – – –
FFA
68
Founders Financial Alliance
North Carolina
$10K +$9.63K +712 New
PAM
69
Panagora Asset Management
Massachusetts
$8K – – –
WLPWM
70
Walled Lake Planning & Wealth Management
Illinois
$7K +$189 +14 +3%
Koshinski Asset Management
71
Koshinski Asset Management
Illinois
$6.81K +$71.8K +5,303 +1%
AF
72
Advisornet Financial
Minnesota
$5K – – –
CFD
73
Creative Financial Designs
Indiana
$5K – – –
SFS
74
Sowell Financial Services
Arkansas
$5K +$162 +12 +4%
TJHA
75
Thomas J. Herzfeld Advisors
Florida
– -$854K -63,086 Closed
1 2
3
4

AVK Hedge Fund Activity: Q3 2020 in Review

74 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2020, worth a combined $109M — down 8.2% from $118M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new AVK positions and 9 closed out — a net gain of 1 holder — while 27 added to existing stakes and 19 trimmed.

The largest buyer was Stifel Financial, adding an estimated $1.02M. The largest seller was Raymond James & Associates, cutting an estimated $4.76M.

  • 74 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2020, up from 73 in Q2 2020.
  • Funds reported $109M of Advent Convertible and Income Fund stock for Q3 2020, down 8.2% quarter-over-quarter.
  • 10 funds opened new Advent Convertible and Income Fund positions in Q3 2020 and 9 closed out, a net change of +1 holder.
  • The largest Advent Convertible and Income Fund buyer in Q3 2020 was Stifel Financial, an estimated $1.02M added.
  • The largest Advent Convertible and Income Fund seller in Q3 2020 was Raymond James & Associates, an estimated $4.76M sold.

Based on aggregated 13F filings for Q3 2020.