Advent Convertible and Income Fund
AVK
74 hedge funds and large institutions have $148M invested in Advent Convertible and Income Fund in 2018 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 34 increasing their positions, 8 reducing their positions, and 4 closing their positions.
475% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 4
325% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 8
72% more capital invested
Capital invested by funds: $85.7M → $148M (+$62M)
35% more funds holding
Funds holding: 55 → 74 (+19)
9.13% less ownership
Funds ownership: 24.4% → 15.27% (-9.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$10.2M |
| 2 |
JP Morgan Chase
New York
|
+$6.4M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.73M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.93M |
| 5 |
Koshinski Asset Management
Decatur,
Illinois
|
+$4.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.09M |
| 2 |
SCM
Saba Capital Management
New York
|
-$384K |
| 3 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$167K |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
-$156K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$155K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IWP
76
Icon Wealth Partners
Houston,
Texas
| – | -$32K | -2,173 | Closed |
|
77
SEI Investments
Oaks,
Pennsylvania
| – | -$8K | -536 | Closed |
|
78
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$3K | -228 | Closed |
|
AVK Hedge Fund Activity: Q3 2018 in Review
74 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2018, worth a combined $148M — up 72% from $85.7M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new AVK positions and 4 closed out — a net gain of 19 holders — while 34 added to existing stakes and 8 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $10.2M. The largest seller was Laurion Capital Management, cutting an estimated $2.09M.
- 74 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2018, up from 55 in Q2 2018.
- Funds reported $148M of Advent Convertible and Income Fund stock for Q3 2018, up 72% quarter-over-quarter.
- 23 funds opened new Advent Convertible and Income Fund positions in Q3 2018 and 4 closed out, a net change of +19 holders.
- The largest Advent Convertible and Income Fund buyer in Q3 2018 was Advisors Asset Management, an estimated $10.2M added.
- The largest Advent Convertible and Income Fund seller in Q3 2018 was Laurion Capital Management, an estimated $2.09M sold.
Based on aggregated 13F filings for Q3 2018.