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AVK

Advent Convertible and Income Fund
AVK

81 hedge funds and large institutions have $203M invested in Advent Convertible and Income Fund in 2021 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 21

38% more capital invested

Capital invested by funds: $147M → $203M (+$56M)

7.71% more ownership

Funds ownership: 26.54% → 34.25% (+7.7%)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

1% less funds holding

Funds holding: 82 → 81 (-1)

Holders
81
Holders Change
-1
Holders Change %
-1.22%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$44.4M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.44M
3
RJA
Raymond James & Associates
Florida
+$1.19M
4
UBS Group
UBS Group
Switzerland
+$1.06M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$886K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.07M
2
AAM
Advisors Asset Management
Colorado
-$2.41M
3
CRC
Curi RMB Capital
Illinois
-$1.19M
4
AWA
Arete Wealth Advisors
Illinois
-$368K
5
AIC
Ameritas Investment Company
Nebraska
-$364K
Name Holding Trade Value Shares
Change 		Change in
Stake
OA
51
Oxbow Advisors
Texas
$275K +$5.09K +304 +2%
SPC
52
Sigma Planning Corp
Michigan
$208K – – –
TCA
53
Transcend Capital Advisors
New Jersey
$207K +$25.8K +1,540 +15%
PAG
54
Private Advisor Group
New Jersey
$202K – – –
Rockefeller Capital Management
55
Rockefeller Capital Management
New York
$183K +$49.8K +2,978 +39%
IAIM
56
International Assets Investment Management
Florida
$176K – – –
PFGIA
57
Patriot Financial Group Insurance Agency
Massachusetts
$128K – – –
APWA
58
Atlas Private Wealth Advisors
New Jersey
$99K – – –
GLLW
59
Graves Light Lenhart Wealth
Virginia
$78K – – –
IFAM
60
Institutional & Family Asset Management
Colorado
$72K – – –
FIA
61
FNY Investment Advisers
New York
$61K +$20.1K +1,200 +51%
CT
62
Caldwell Trust
Florida
$53K – – –
Carson Wealth (CWM LLC)
63
Carson Wealth (CWM LLC)
Nebraska
$39K – – –
ZB
64
Zions Bancorporation
Utah
$36K – – –
APA
65
American Portfolios Advisors
New York
$35.3K – – –
NFG
66
Next Financial Group
Texas
$33K -$46.5K -2,779 -59%
Northwestern Mutual Wealth Management
67
Northwestern Mutual Wealth Management
Wisconsin
$31K +$29.7K +1,777 New
TWM
68
Tradition Wealth Management
Minnesota
$30K – – –
PNC Financial Services Group
69
PNC Financial Services Group
Pennsylvania
$24K – – –
MWC
70
MBM Wealth Consultants
Missouri
$17K – – –
BCWM
71
Bartlett & Co Wealth Management
Ohio
$14.1K – – –
BC
72
Bartlett & Co
Ohio
$14K – – –
US Bancorp
73
US Bancorp
Minnesota
$12K – – –
EVM
74
Eaton Vance Management
Massachusetts
$12K +$11.6K +693 New
AF
75
Advisornet Financial
Minnesota
$7K – – –
1 2
3
4

AVK Hedge Fund Activity: Q1 2021 in Review

81 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2021, worth a combined $203M — up 38% from $147M a quarter earlier.

Fund positioning in AVK was balanced in Q1 2021: 8 funds opened new positions, 8 closed out, 29 added to existing stakes and 21 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $44.4M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.07M sold.

  • 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2021, down from 82 in Q4 2020.
  • Funds reported $203M of Advent Convertible and Income Fund stock for Q1 2021, up 38% quarter-over-quarter.
  • 8 funds opened new Advent Convertible and Income Fund positions in Q1 2021 and 8 closed out, a net change of 0 holders.
  • The largest Advent Convertible and Income Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $44.4M added.
  • The largest Advent Convertible and Income Fund seller in Q1 2021 was Rivernorth Capital Management, an estimated $6.07M sold.

Based on aggregated 13F filings for Q1 2021.