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AVK

Advent Convertible and Income Fund
AVK

80 hedge funds and large institutions have $210M invested in Advent Convertible and Income Fund in 2021 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 26 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $203M → $210M (+$6.33M)

0% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 26

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

1% less funds holding

Funds holding: 81 → 80 (-1)

1.86% less ownership

Funds ownership: 34.25% → 32.39% (-1.9%)

Holders
80
Holders Change
-1
Holders Change %
-1.23%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
26
Reduced
26
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$3.05M
2
Morgan Stanley
Morgan Stanley
New York
+$1.03M
3
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
+$825K
4
Invesco
Invesco
Georgia
+$769K
5
AIC
Ameritas Investment Company
Nebraska
+$680K

Top Sellers

Rank Fund Capital Flow
1
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$3.39M
2
WAM
Wolverine Asset Management
Illinois
-$2.85M
3
PPA
Parametric Portfolio Associates
Washington
-$2.7M
4
QC
Quantedge Capital
Singapore
-$2.44M
5
FAM
Formidable Asset Management
Ohio
-$2.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
76
PNC Financial Services Group
Pennsylvania
$5K -$20.6K -1,129 -80%
PSIWM
77
Paradigm Strategies in Wealth Management
Minnesota
$5K +$4.88K +268 New
SCA
78
Stonebridge Capital Advisors
Minnesota
$3K – – –
ASN
79
Advisory Services Network
Georgia
$2K +$1.93K +106 New
ADL
80
Asset Dedication LLC
California
$1K +$492 +27 New
PAM
81
Panagora Asset Management
Massachusetts
$1K +$510 +28 New
WAM
82
Wolverine Asset Management
Illinois
– -$2.85M -165,396 Closed
QC
83
Quantedge Capital
Singapore
– -$2.44M -141,829 Closed
LCM
84
Landscape Capital Management
New Jersey
– -$1.25M -72,368 Closed
AA
85
AQR Arbitrage
Connecticut
– -$1.19M -69,303 Closed
CRC
86
Curi RMB Capital
Illinois
– -$813K -47,242 Closed
MML Investors Services
87
MML Investors Services
Massachusetts
– -$546K -31,711 Closed
TCA
88
Transcend Capital Advisors
New Jersey
– -$207K -11,996 Closed
IAIM
89
International Assets Investment Management
Florida
– -$176K -10,967 Closed
CT
90
Caldwell Trust
Florida
– -$53K -3,081 Closed
EVM
91
Eaton Vance Management
Massachusetts
– -$12K -693 Closed
SFS
92
Sowell Financial Services
Arkansas
– -$5K -286 Closed
SN
93
Sittner & Nelson
Oregon
– -$1K -86 Closed
1 2 3
4

AVK Hedge Fund Activity: Q2 2021 in Review

80 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2021, worth a combined $210M — up 3.1% from $203M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of AVK and 11 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 26 added.

The largest buyer was Guggenheim Capital, adding an estimated $3.05M. The largest seller was Koshinski Asset Management, cutting an estimated $3.39M.

  • 80 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2021, down from 81 in Q1 2021.
  • Funds reported $210M of Advent Convertible and Income Fund stock for Q2 2021, up 3.1% quarter-over-quarter.
  • 11 funds opened new Advent Convertible and Income Fund positions in Q2 2021 and 12 closed out, a net change of -1 holder.
  • The largest Advent Convertible and Income Fund buyer in Q2 2021 was Guggenheim Capital, an estimated $3.05M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2021 was Koshinski Asset Management, an estimated $3.39M sold.

Based on aggregated 13F filings for Q2 2021.