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AVK

Advent Convertible and Income Fund
AVK

77 hedge funds and large institutions have $130M invested in Advent Convertible and Income Fund in 2022 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 25

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

0.54% less ownership

Funds ownership: 32.56% → 32.03% (-0.54%)

1% less funds holding

Funds holding: 78 → 77 (-1)

24% less capital invested

Capital invested by funds: $171M → $130M (-$41.6M)

Holders
77
Holders Change
-1
Holders Change %
-1.28%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
28
Reduced
25
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$46.9M
2
AAM
Advisors Asset Management
Colorado
+$2M
3
ARC
Advisor Resource Council
Texas
+$966K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$705K
5
CAM
Cresset Asset Management
Illinois
+$621K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.56M
2
UBS Group
UBS Group
Switzerland
-$1.37M
3
QCIG
Quad-Cities Investment Group
Iowa
-$819K
4
RJA
Raymond James & Associates
Florida
-$402K
5
First Trust Advisors
First Trust Advisors
Illinois
-$351K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
51
Capital Investment Advisors
Georgia
$164K -$40.2K -3,007 -18%
SWM
52
Spire Wealth Management
Virginia
$162K -$145K -10,815 -44%
TCA
53
Transcend Capital Advisors
New Jersey
$141K – – –
CCM
54
Coldstream Capital Management
Washington
$137K +$1.99K +149 +1%
KAS
55
Kestra Advisory Services
Texas
$125K +$143K +10,689 New
CA
56
Calton & Associates
Florida
$125K +$143K +10,725 New
GWM
57
Geneos Wealth Management
Colorado
$123K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$110K +$63.2K +4,726 +101%
APA
59
American Portfolios Advisors
New York
$90.4K -$10.4K -775 -9%
PFGIA
60
Patriot Financial Group Insurance Agency
Massachusetts
$76K – – –
HNWAG
61
High Net Worth Advisory Group
Florida
$66K -$81.9K -6,123 -52%
GLLW
62
Graves Light Lenhart Wealth
Virginia
$53K – – –
IA
63
IFP Advisors
Florida
$45K – – –
US Bancorp
64
US Bancorp
Minnesota
$38K +$34.3K +2,567 +364%
Carson Wealth (CWM LLC)
65
Carson Wealth (CWM LLC)
Nebraska
$32K +$11.6K +871 +47%
ZB
66
Zions Bancorporation
Utah
$24K – – –
TWM
67
Tradition Wealth Management
Minnesota
$20K – – –
AF
68
Allworth Financial
California
$10K – – –
BC
69
Bartlett & Co
Ohio
$10K – – –
LFG
70
Larson Financial Group
Missouri
$10K +$5.5K +411 +100%
BCWM
71
Bartlett & Co Wealth Management
Ohio
$9.64K – – –
TWC
72
TD Waterhouse Canada
Ontario, Canada
$8.14K – – –
HNB
73
Huntington National Bank
Ohio
$5K – – –
NSIM
74
North Star Investment Management
Illinois
$5K – – –
CCM
75
Chilton Capital Management
Texas
$4K +$4.99K +373 New
1 2
3
4

AVK Hedge Fund Activity: Q2 2022 in Review

77 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2022, worth a combined $130M — down 24% from $171M a quarter earlier.

Fund positioning in AVK was balanced in Q2 2022: 8 funds opened new positions, 8 closed out, 28 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $46.9M. The largest seller was Guggenheim Capital, cutting an estimated $1.56M.

  • 77 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2022, down from 78 in Q1 2022.
  • Funds reported $130M of Advent Convertible and Income Fund stock for Q2 2022, down 24% quarter-over-quarter.
  • 8 funds opened new Advent Convertible and Income Fund positions in Q2 2022 and 8 closed out, a net change of 0 holders.
  • The largest Advent Convertible and Income Fund buyer in Q2 2022 was Morgan Stanley, an estimated $46.9M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2022 was Guggenheim Capital, an estimated $1.56M sold.

Based on aggregated 13F filings for Q2 2022.