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AVK

Advent Convertible and Income Fund
AVK

92 hedge funds and large institutions have $2.37B invested in Advent Convertible and Income Fund in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,107% more capital invested

Capital invested by funds: $108M → $2.37B (+$2.27B)

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

18% more funds holding

Funds holding: 78 → 92 (+14)

7% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 27

1.18% less ownership

Funds ownership: 30.07% → 28.89% (-1.2%)

Holders
92
Holders Change
+14
Holders Change %
+17.95%
% of All Funds
1.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
25
Reduced
27
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.11M
2
Wells Fargo
Wells Fargo
California
+$993K
3
WAM
Wolverine Asset Management
Illinois
+$907K
4
GC
Guggenheim Capital
Illinois
+$825K
5
SC
Stolper & Co
Oklahoma
+$660K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.47M
2
RJA
Raymond James & Associates
Florida
-$2.14M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.02M
4
Bank of America
Bank of America
North Carolina
-$811K
5
OA
Oxbow Advisors
Texas
-$726K
Name Holding Trade Value Shares
Change 		Change in
Stake
AWS
51
Atria Wealth Solutions
New York
$208K -$756 -68 -0.3%
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$203K – – –
NFG
53
Nations Financial Group
Iowa
$193K -$36.4K -3,272 -15%
GRP
54
Global Retirement Partners
California
$193K +$667 +60 +0.3%
Stifel Financial
55
Stifel Financial
Missouri
$184K +$133 +12 +0.1%
CAM
56
Cresset Asset Management
Illinois
$178K +$46.7K +4,196 +33%
OC
57
Oppenheimer & Co
New York
$154K – – –
Cetera Investment Advisers
58
Cetera Investment Advisers
Illinois
$146K +$153K +13,751 New
CIA
59
Capital Investment Advisors
Georgia
$138K +$4K +360 +3%
KAS
60
Kestra Advisory Services
Texas
$133K +$139K +12,510 New
Susquehanna International Group
61
Susquehanna International Group
Pennsylvania
$133K +$139K +12,496 New
TCA
62
Transcend Capital Advisors
New Jersey
$127K – – –
CWM
63
Centurion Wealth Management
Virginia
$127K +$133K +11,930 New
MWM
64
Melfa Wealth Management
Massachusetts
$125K +$131K +11,811 New
CA
65
Calton & Associates
Florida
$117K +$856 +77 +0.7%
MOS
66
MGO One Seven
Ohio
$117K -$42.1K -3,787 -26%
GWM
67
Geneos Wealth Management
Colorado
$110K – – –
CCM
68
Coldstream Capital Management
Washington
$109K +$114K +10,297 New
Northwestern Mutual Wealth Management
69
Northwestern Mutual Wealth Management
Wisconsin
$96K – – –
JP Morgan Chase
70
JP Morgan Chase
New York
$69K +$72.3K +6,505 New
HNWAG
71
High Net Worth Advisory Group
Florida
$60.6K +$523 +47 +0.8%
PFG
72
Piershale Financial Group
Illinois
$58K +$60.8K +5,464 New
IA
73
IFP Advisors
Florida
$38K -$3.14K -282 -10%
MCC
74
Money Concepts Capital
Florida
$35.9K +$37.6K +3,379 New
US Bancorp
75
US Bancorp
Minnesota
$27.3K -$2.48K -223 -8%
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AVK Hedge Fund Activity: Q4 2022 in Review

92 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2022, worth a combined $2.37B — up 2,107% from $108M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new AVK positions and 4 closed out — a net gain of 16 holders — while 25 added to existing stakes and 27 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $5.47M.

  • 92 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2022, up from 78 in Q3 2022.
  • Funds reported $2.37B of Advent Convertible and Income Fund stock for Q4 2022, up 2,107% quarter-over-quarter.
  • 20 funds opened new Advent Convertible and Income Fund positions in Q4 2022 and 4 closed out, a net change of +16 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2022 was Shaker Financial Services, an estimated $1.11M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2022 was Morgan Stanley, an estimated $5.47M sold.

Based on aggregated 13F filings for Q4 2022.