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AVK

Advent Convertible and Income Fund
AVK

81 hedge funds and large institutions have $136M invested in Advent Convertible and Income Fund in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

9% more funds holding

Funds holding: 74 → 81 (+7)

2.27% more ownership

Funds ownership: 15.27% → 17.53% (+2.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less capital invested

Capital invested by funds: $148M → $136M (-$11.9M)

Holders
81
Holders Change
+7
Holders Change %
+9.46%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
27
Reduced
24
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$11.9M
2
RCM
Rivernorth Capital Management
Florida
+$4.3M
3
WAM
Wolverine Asset Management
Illinois
+$2.21M
4
LCM
Landscape Capital Management
New Jersey
+$2.17M
5
CCP
Clough Capital Partners
Massachusetts
+$808K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$4.99M
2
SFS
Shaker Financial Services
Virginia
-$1.94M
3
Wells Fargo
Wells Fargo
California
-$1.59M
4
LCM
Laurion Capital Management
New York
-$1.29M
5
CA
Cornerstone Advisors
North Carolina
-$687K
Name Holding Trade Value Shares
Change 		Change in
Stake
FHB
76
First Hawaiian Bank
Hawaii
$3K – – –
KL
77
KWMG LLC
Kansas
$3K – – –
FMP
78
Financial Management Professionals
Texas
$2K +$1.83K +135 New
Northwestern Mutual Wealth Management
79
Northwestern Mutual Wealth Management
Wisconsin
$1K -$3.6K -266 -69%
GWM
80
Geneos Wealth Management
Colorado
$1K – – –
CF
81
Centaurus Financial
California
$25 +$3.98K +294 +1,336%
SFS
82
Shaker Financial Services
Virginia
– -$1.94M -127,192 Closed
LCM
83
Laurion Capital Management
New York
– -$1.29M -84,447 Closed
CA
84
Cornerstone Advisors
North Carolina
– -$687K -45,035 Closed
NMC
85
Nine Masts Capital
Hong Kong
– -$56K -3,697 Closed
SWP
86
Stratos Wealth Partners
Ohio
– -$30K -1,977 Closed
CPIG
87
Chicago Partners Investment Group
Illinois
– -$19K -1,414 Closed
OIA
88
OneDigital Investment Advisors
Kansas
– -$20K -1,309 Closed
SPIA
89
Steward Partners Investment Advisory
New York
– -$13K -863 Closed
1 2 3
4

AVK Hedge Fund Activity: Q4 2018 in Review

81 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2018, worth a combined $136M — down 8.1% from $148M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new AVK positions and 8 closed out — a net gain of 8 holders — while 27 added to existing stakes and 24 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $11.9M. The largest seller was Bank of America, cutting an estimated $4.99M.

  • 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2018, up from 74 in Q3 2018.
  • Funds reported $136M of Advent Convertible and Income Fund stock for Q4 2018, down 8.1% quarter-over-quarter.
  • 16 funds opened new Advent Convertible and Income Fund positions in Q4 2018 and 8 closed out, a net change of +8 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2018 was Raymond James & Associates, an estimated $11.9M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2018 was Bank of America, an estimated $4.99M sold.

Based on aggregated 13F filings for Q4 2018.