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AVK

Advent Convertible and Income Fund
AVK

82 hedge funds and large institutions have $147M invested in Advent Convertible and Income Fund in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 20 increasing their positions, 31 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

35% more capital invested

Capital invested by funds: $109M → $147M (+$38.6M)

11% more funds holding

Funds holding: 74 → 82 (+8)

1.73% more ownership

Funds ownership: 24.81% → 26.54% (+1.7%)

35% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 31

Holders
82
Holders Change
+8
Holders Change %
+10.81%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
20
Reduced
31
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FAM
Formidable Asset Management
Ohio
+$3.53M
2
GC
Guggenheim Capital
Illinois
+$2.52M
3
WAM
Wolverine Asset Management
Illinois
+$1.74M
4
CRC
Curi RMB Capital
Illinois
+$1.74M
5
Osaic Holdings
Osaic Holdings
Arizona
+$1.42M

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$2.67M
2
PPA
Parametric Portfolio Associates
Washington
-$1.6M
3
Stifel Financial
Stifel Financial
Missouri
-$1.12M
4
RJA
Raymond James & Associates
Florida
-$978K
5
AAS
Avantax Advisory Services
Texas
-$523K
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
76
North Star Investment Management
Illinois
$7K -$22K -1,496 -78%
AA
77
Addison Advisors
Vermont
$7K +$6.19K +420 New
AF
78
Advisornet Financial
Minnesota
$6K – – –
SFS
79
Sowell Financial Services
Arkansas
$5K -$221 -15 -4%
WLPWM
80
Walled Lake Planning & Wealth Management
Illinois
$4K -$3.77K -256 -49%
PAM
81
Panagora Asset Management
Massachusetts
$2K -$7.28K -494 -82%
GWM
82
Geneos Wealth Management
Colorado
$1K -$24.5K -1,663 -94%
DA
83
Doliver Advisors
Texas
– -$344K -25,547 Closed
CF
84
Centaurus Financial
California
– -$226K -16,778 Closed
MA
85
Mutual Advisors
Nebraska
– -$201K -14,914 Closed
IFG
86
Independent Financial Group
California
– -$160K -11,903 Closed
BCA
87
Berman Capital Advisors
Georgia
– -$52K -3,904 Closed
GSWM
88
Golden State Wealth Management
California
– -$14K -1,054 Closed
FFA
89
Founders Financial Alliance
North Carolina
– -$10K -712 Closed
CFD
90
Creative Financial Designs
Indiana
– -$5K -385 Closed
1 2 3
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AVK Hedge Fund Activity: Q4 2020 in Review

82 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2020, worth a combined $147M — up 35% from $109M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new AVK positions and 8 closed out — a net gain of 9 holders — while 20 added to existing stakes and 31 trimmed.

The largest buyer was Formidable Asset Management, adding an estimated $3.53M. The largest seller was Advisors Asset Management, cutting an estimated $2.67M.

  • 82 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2020, up from 74 in Q3 2020.
  • Funds reported $147M of Advent Convertible and Income Fund stock for Q4 2020, up 35% quarter-over-quarter.
  • 17 funds opened new Advent Convertible and Income Fund positions in Q4 2020 and 8 closed out, a net change of +9 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2020 was Formidable Asset Management, an estimated $3.53M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2020 was Advisors Asset Management, an estimated $2.67M sold.

Based on aggregated 13F filings for Q4 2020.