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AVK

Advent Convertible and Income Fund
AVK

80 hedge funds and large institutions have $210M invested in Advent Convertible and Income Fund in 2021 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 26 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $203M → $210M (+$6.33M)

0% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 26

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

1% less funds holding

Funds holding: 81 → 80 (-1)

1.86% less ownership

Funds ownership: 34.25% → 32.39% (-1.9%)

Holders
80
Holders Change
-1
Holders Change %
-1.23%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
26
Reduced
26
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$3.05M
2
Morgan Stanley
Morgan Stanley
New York
+$1.03M
3
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
+$825K
4
Invesco
Invesco
Georgia
+$769K
5
AIC
Ameritas Investment Company
Nebraska
+$680K

Top Sellers

Rank Fund Capital Flow
1
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$3.39M
2
WAM
Wolverine Asset Management
Illinois
-$2.85M
3
PPA
Parametric Portfolio Associates
Washington
-$2.7M
4
QC
Quantedge Capital
Singapore
-$2.44M
5
FAM
Formidable Asset Management
Ohio
-$2.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
51
Rockefeller Capital Management
New York
$215K +$14.4K +793 +7%
PAG
52
Private Advisor Group
New Jersey
$202K -$17.7K -973 -8%
RJT
53
Raymond James Trust
Florida
$196K +$189K +10,402 New
GWM
54
Geneos Wealth Management
Colorado
$195K +$187K +10,270 +10,069%
PFGIA
55
Patriot Financial Group Insurance Agency
Massachusetts
$140K – – –
GLLW
56
Graves Light Lenhart Wealth
Virginia
$85K – – –
IFAM
57
Institutional & Family Asset Management
Colorado
$78K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$77K +$42.7K +2,347 +132%
APWA
59
Atlas Private Wealth Advisors
New Jersey
$73K -$33.9K -1,864 -32%
FIA
60
FNY Investment Advisers
New York
$48K -$18.2K -997 -28%
Carson Wealth (CWM LLC)
61
Carson Wealth (CWM LLC)
Nebraska
$39K – – –
ZB
62
Zions Bancorporation
Utah
$39K – – –
APA
63
American Portfolios Advisors
New York
$38.5K – – –
TWM
64
Tradition Wealth Management
Minnesota
$32K – – –
AA
65
Addison Advisors
Vermont
$23K +$22.7K +1,246 New
MWC
66
MBM Wealth Consultants
Missouri
$19K – – –
AF
67
Allworth Financial
California
$16K +$15.4K +845 New
BCWM
68
Bartlett & Co Wealth Management
Ohio
$15.4K – – –
BC
69
Bartlett & Co
Ohio
$15K – – –
AW
70
Alaethes Wealth
Nevada
$14K +$14.1K +772 New
US Bancorp
71
US Bancorp
Minnesota
$13K – – –
HNB
72
Huntington National Bank
Ohio
$8K – – –
NSIM
73
North Star Investment Management
Illinois
$8K – – –
AF
74
Advisornet Financial
Minnesota
$7K – – –
HI
75
Harbour Investments
Wisconsin
$6K – – –
1 2
3
4

AVK Hedge Fund Activity: Q2 2021 in Review

80 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2021, worth a combined $210M — up 3.1% from $203M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of AVK and 11 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 26 added.

The largest buyer was Guggenheim Capital, adding an estimated $3.05M. The largest seller was Koshinski Asset Management, cutting an estimated $3.39M.

  • 80 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2021, down from 81 in Q1 2021.
  • Funds reported $210M of Advent Convertible and Income Fund stock for Q2 2021, up 3.1% quarter-over-quarter.
  • 11 funds opened new Advent Convertible and Income Fund positions in Q2 2021 and 12 closed out, a net change of -1 holder.
  • The largest Advent Convertible and Income Fund buyer in Q2 2021 was Guggenheim Capital, an estimated $3.05M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2021 was Koshinski Asset Management, an estimated $3.39M sold.

Based on aggregated 13F filings for Q2 2021.