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AVK

Advent Convertible and Income Fund
AVK

78 hedge funds and large institutions have $171M invested in Advent Convertible and Income Fund in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 19

0.98% less ownership

Funds ownership: 33.54% → 32.56% (-0.98%)

11% less funds holding

Funds holding: 88 → 78 (-10)

18% less capital invested

Capital invested by funds: $208M → $171M (-$36.5M)

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
78
Holders Change
-10
Holders Change %
-11.36%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
19
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.86M
2
FAM
Formidable Asset Management
Ohio
+$1.54M
3
FC
FCA Corp
Texas
+$1.16M
4
Morgan Stanley
Morgan Stanley
New York
+$647K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$511K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$3.83M
2
GC
Guggenheim Capital
Illinois
-$1.58M
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$1.33M
4
ARC
Advisor Resource Council
Texas
-$1.3M
5
UBS Group
UBS Group
Switzerland
-$953K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJT
51
Raymond James Trust
Florida
$194K – – –
TCA
52
Transcend Capital Advisors
New Jersey
$183K – – –
HNWAG
53
High Net Worth Advisory Group
Florida
$179K +$56.9K +3,627 +45%
CCM
54
Coldstream Capital Management
Washington
$175K -$15.4K -984 -8%
GWM
55
Geneos Wealth Management
Colorado
$158K – – –
APA
56
American Portfolios Advisors
New York
$129K +$12.1K +775 +10%
PFGIA
57
Patriot Financial Group Insurance Agency
Massachusetts
$99K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$72K -$160K -10,239 -69%
GLLW
59
Graves Light Lenhart Wealth
Virginia
$69K – – –
IFAM
60
Institutional & Family Asset Management
Colorado
$64K – – –
IA
61
IFP Advisors
Florida
$45K +$46.6K +2,970 New
ZB
62
Zions Bancorporation
Utah
$31K – – –
Carson Wealth (CWM LLC)
63
Carson Wealth (CWM LLC)
Nebraska
$28K -$1.22K -78 -4%
TWM
64
Tradition Wealth Management
Minnesota
$26K – – –
AA
65
Addison Advisors
Vermont
$19K – – –
AF
66
Allworth Financial
California
$13K – – –
BC
67
Bartlett & Co
Ohio
$13K +$12.9K +822 New
BCWM
68
Bartlett & Co Wealth Management
Ohio
$12.5K +$12.9K +822 New
AW
69
Alaethes Wealth
Nevada
$12K – – –
US Bancorp
70
US Bancorp
Minnesota
$11K – – –
TWC
71
TD Waterhouse Canada
Ontario, Canada
$10.5K – – –
MCC
72
Money Concepts Capital
Florida
$9K +$9.65K +616 New
NSIM
73
North Star Investment Management
Illinois
$7K – – –
HNB
74
Huntington National Bank
Ohio
$6K – – –
LFG
75
Larson Financial Group
Missouri
$6K – – –
1 2
3
4

AVK Hedge Fund Activity: Q1 2022 in Review

78 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2022, worth a combined $171M — down 18% from $208M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of AVK and 8 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 29 added.

The largest buyer was Advisors Asset Management, adding an estimated $1.86M. The largest seller was Parametric Portfolio Associates, cutting an estimated $3.83M.

  • 78 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2022, down from 88 in Q4 2021.
  • Funds reported $171M of Advent Convertible and Income Fund stock for Q1 2022, down 18% quarter-over-quarter.
  • 8 funds opened new Advent Convertible and Income Fund positions in Q1 2022 and 15 closed out, a net change of -7 holders.
  • The largest Advent Convertible and Income Fund buyer in Q1 2022 was Advisors Asset Management, an estimated $1.86M added.
  • The largest Advent Convertible and Income Fund seller in Q1 2022 was Parametric Portfolio Associates, an estimated $3.83M sold.

Based on aggregated 13F filings for Q1 2022.