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AVK

Advent Convertible and Income Fund
AVK

81 hedge funds and large institutions have $198M invested in Advent Convertible and Income Fund in 2021 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 23

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

1% more funds holding

Funds holding: 80 → 81 (+1)

0.28% more ownership

Funds ownership: 32.39% → 32.67% (+0.28%)

6% less capital invested

Capital invested by funds: $210M → $198M (-$12.2M)

Holders
81
Holders Change
+1
Holders Change %
+1.25%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
31
Reduced
23
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Koshinski Asset Management
Koshinski Asset Management
Illinois
+$3.03M
2
AAM
Advisors Asset Management
Colorado
+$1.26M
3
OA
Oxbow Advisors
Texas
+$1.18M
4
Citadel Advisors
Citadel Advisors
Florida
+$664K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$641K

Top Sellers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
-$2.84M
2
GC
Guggenheim Capital
Illinois
-$1.56M
3
ARC
Advisor Resource Council
Texas
-$1.24M
4
SFS
Shaker Financial Services
Virginia
-$948K
5
Morgan Stanley
Morgan Stanley
New York
-$727K
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
51
Oppenheimer & Co
New York
$213K +$226K +12,146 New
SFS
52
Sowell Financial Services
Arkansas
$203K +$215K +11,571 New
SPC
53
Sigma Planning Corp
Michigan
$191K -$22.3K -1,202 -10%
QC
54
Quantedge Capital
Singapore
$189K +$201K +10,784 New
GWM
55
Geneos Wealth Management
Colorado
$182K – – –
WAM
56
Wolverine Asset Management
Illinois
$150K +$160K +8,586 New
PFGIA
57
Patriot Financial Group Insurance Agency
Massachusetts
$121K -$10.1K -544 -7%
TJHA
58
Thomas J. Herzfeld Advisors
Florida
$100K -$2.84M -152,689 -96%
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$82K +$10.6K +568 +14%
GLLW
60
Graves Light Lenhart Wealth
Virginia
$80K – – –
IFAM
61
Institutional & Family Asset Management
Colorado
$73K – – –
APWA
62
Atlas Private Wealth Advisors
New Jersey
$49K -$20.8K -1,118 -29%
ZB
63
Zions Bancorporation
Utah
$36K – – –
APA
64
American Portfolios Advisors
New York
$36K – – –
TWM
65
Tradition Wealth Management
Minnesota
$30K – – –
FIA
66
FNY Investment Advisers
New York
$22K -$23.9K -1,284 -50%
AA
67
Addison Advisors
Vermont
$22K – – –
MWC
68
MBM Wealth Consultants
Missouri
$18K – – –
AF
69
Allworth Financial
California
$15K -$56 -3 -0.4%
BCWM
70
Bartlett & Co Wealth Management
Ohio
$14.4K – – –
AW
71
Alaethes Wealth
Nevada
$14K – – –
BC
72
Bartlett & Co
Ohio
$14K – – –
US Bancorp
73
US Bancorp
Minnesota
$12K – – –
NSIM
74
North Star Investment Management
Illinois
$8K – – –
AF
75
Advisornet Financial
Minnesota
$7K – – –
1 2
3
4

AVK Hedge Fund Activity: Q3 2021 in Review

81 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2021, worth a combined $198M — down 5.8% from $210M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new AVK positions and 7 closed out — a net gain of 2 holders — while 31 added to existing stakes and 23 trimmed.

The largest buyer was Koshinski Asset Management, adding an estimated $3.03M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $2.84M.

  • 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2021, up from 80 in Q2 2021.
  • Funds reported $198M of Advent Convertible and Income Fund stock for Q3 2021, down 5.8% quarter-over-quarter.
  • 9 funds opened new Advent Convertible and Income Fund positions in Q3 2021 and 7 closed out, a net change of +2 holders.
  • The largest Advent Convertible and Income Fund buyer in Q3 2021 was Koshinski Asset Management, an estimated $3.03M added.
  • The largest Advent Convertible and Income Fund seller in Q3 2021 was Thomas J. Herzfeld Advisors, an estimated $2.84M sold.

Based on aggregated 13F filings for Q3 2021.