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AVK

Advent Convertible and Income Fund
AVK

88 hedge funds and large institutions have $208M invested in Advent Convertible and Income Fund in 2021 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 19

64% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 14

9% more funds holding

Funds holding: 81 → 88 (+7)

5% more capital invested

Capital invested by funds: $198M → $208M (+$10.4M)

0.87% more ownership

Funds ownership: 32.67% → 33.54% (+0.87%)

Holders
88
Holders Change
+7
Holders Change %
+8.64%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
33
Reduced
19
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$1.34M
2
ARC
Advisor Resource Council
Texas
+$1.31M
3
AAM
Advisors Asset Management
Colorado
+$1.24M
4
NA
NewEdge Advisors
Louisiana
+$957K
5
GC
Guggenheim Capital
Illinois
+$819K

Top Sellers

Rank Fund Capital Flow
1
FAM
Formidable Asset Management
Ohio
-$2.01M
2
PPA
Parametric Portfolio Associates
Washington
-$1.88M
3
ACM
Advent Capital Management
New York
-$1.75M
4
Citadel Advisors
Citadel Advisors
Florida
-$625K
5
HBCM
Heron Bay Capital Management
Michigan
-$443K
Name Holding Trade Value Shares
Change 		Change in
Stake
MOS
51
MGO One Seven
Ohio
$303K -$887 -49 -0.3%
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$268K +$185K +10,239 +218%
RJT
53
Raymond James Trust
Florida
$229K -$21.9K -1,212 -9%
CCM
54
Coldstream Capital Management
Washington
$224K +$226K +12,478 New
OC
55
Oppenheimer & Co
New York
$216K -$2.7K -149 -1%
TCA
56
Transcend Capital Advisors
New Jersey
$216K – – –
PAG
57
Private Advisor Group
New Jersey
$211K -$216K -11,918 -50%
SFS
58
Sowell Financial Services
Arkansas
$210K +$1.74K +96 +0.8%
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$195K +$196K +10,850 New
GWM
60
Geneos Wealth Management
Colorado
$186K – – –
HNWAG
61
High Net Worth Advisory Group
Florida
$146K +$147K +8,113 New
APA
62
American Portfolios Advisors
New York
$138K +$102K +5,649 +275%
PFGIA
63
Patriot Financial Group Insurance Agency
Massachusetts
$117K -$7.44K -411 -6%
GLLW
64
Graves Light Lenhart Wealth
Virginia
$82K – – –
IFAM
65
Institutional & Family Asset Management
Colorado
$75K – – –
FPWM
66
FSB Premier Wealth Management
Iowa
$53K +$54.1K +2,987 New
ZB
67
Zions Bancorporation
Utah
$37K – – –
SC
68
Steph & Co
Wisconsin
$37K +$37.2K +2,054 New
Carson Wealth (CWM LLC)
69
Carson Wealth (CWM LLC)
Nebraska
$35K +$35.1K +1,942 New
TWM
70
Tradition Wealth Management
Minnesota
$31K – – –
AA
71
Addison Advisors
Vermont
$22K – – –
AF
72
Allworth Financial
California
$15K -$18 -1 -0.1%
AW
73
Alaethes Wealth
Nevada
$14K – – –
US Bancorp
74
US Bancorp
Minnesota
$13K – – –
TWC
75
TD Waterhouse Canada
Ontario, Canada
$12.2K +$12.4K +685 New
1 2
3
4

AVK Hedge Fund Activity: Q4 2021 in Review

88 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2021, worth a combined $208M — up 5.3% from $198M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new AVK positions and 14 closed out — a net gain of 9 holders — while 33 added to existing stakes and 19 trimmed.

The largest buyer was CIBC Private Wealth Group, opening a new position worth an estimated $1.34M. The largest seller was Formidable Asset Management, cutting an estimated $2.01M.

  • 88 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2021, up from 81 in Q3 2021.
  • Funds reported $208M of Advent Convertible and Income Fund stock for Q4 2021, up 5.3% quarter-over-quarter.
  • 23 funds opened new Advent Convertible and Income Fund positions in Q4 2021 and 14 closed out, a net change of +9 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2021 was CIBC Private Wealth Group, an estimated $1.34M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2021 was Formidable Asset Management, an estimated $2.01M sold.

Based on aggregated 13F filings for Q4 2021.