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AVK

Advent Convertible and Income Fund
AVK

81 hedge funds and large institutions have $203M invested in Advent Convertible and Income Fund in 2021 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 21

38% more capital invested

Capital invested by funds: $147M → $203M (+$56M)

7.71% more ownership

Funds ownership: 26.54% → 34.25% (+7.7%)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

1% less funds holding

Funds holding: 82 → 81 (-1)

Holders
81
Holders Change
-1
Holders Change %
-1.22%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$44.4M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
+$3.44M
3
RJA
Raymond James & Associates
Florida
+$1.19M
4
UBS Group
UBS Group
Switzerland
+$1.06M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$886K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.07M
2
AAM
Advisors Asset Management
Colorado
-$2.41M
3
CRC
Curi RMB Capital
Illinois
-$1.19M
4
AWA
Arete Wealth Advisors
Illinois
-$368K
5
AIC
Ameritas Investment Company
Nebraska
-$364K
Name Holding Trade Value Shares
Change 		Change in
Stake
HNB
76
Huntington National Bank
Ohio
$7K – – –
NSIM
77
North Star Investment Management
Illinois
$7K – – –
SFS
78
Sowell Financial Services
Arkansas
$5K -$887 -53 -16%
HI
79
Harbour Investments
Wisconsin
$5K +$4.97K +297 New
SCA
80
Stonebridge Capital Advisors
Minnesota
$3K +$2.71K +162 New
GWM
81
Geneos Wealth Management
Colorado
$1K – – –
SN
82
Sittner & Nelson
Oregon
$1K +$1.44K +86 New
RCM
83
Rivernorth Capital Management
Florida
– -$6.07M -377,069 Closed
AIC
84
Ameritas Investment Company
Nebraska
– -$364K -22,630 Closed
Jane Street
85
Jane Street
New York
– -$253K -15,729 Closed
KPWS
86
Kestra Private Wealth Services
Texas
– -$218K -13,540 Closed
BAM
87
Belpointe Asset Management
Nevada
– -$100K -6,239 Closed
Fifth Third Bancorp
88
Fifth Third Bancorp
Ohio
– -$10K -649 Closed
WLPWM
89
Walled Lake Planning & Wealth Management
Illinois
– -$4K -267 Closed
PAM
90
Panagora Asset Management
Massachusetts
– -$2K -105 Closed
1 2 3
4

AVK Hedge Fund Activity: Q1 2021 in Review

81 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2021, worth a combined $203M — up 38% from $147M a quarter earlier.

Fund positioning in AVK was balanced in Q1 2021: 8 funds opened new positions, 8 closed out, 29 added to existing stakes and 21 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $44.4M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.07M sold.

  • 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2021, down from 82 in Q4 2020.
  • Funds reported $203M of Advent Convertible and Income Fund stock for Q1 2021, up 38% quarter-over-quarter.
  • 8 funds opened new Advent Convertible and Income Fund positions in Q1 2021 and 8 closed out, a net change of 0 holders.
  • The largest Advent Convertible and Income Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $44.4M added.
  • The largest Advent Convertible and Income Fund seller in Q1 2021 was Rivernorth Capital Management, an estimated $6.07M sold.

Based on aggregated 13F filings for Q1 2021.