Advent Convertible and Income Fund
AVK
81 hedge funds and large institutions have $198M invested in Advent Convertible and Income Fund in 2021 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 7 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 23
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
1% more funds holding
Funds holding: 80 → 81 (+1)
0.28% more ownership
Funds ownership: 32.39% → 32.67% (+0.28%)
6% less capital invested
Capital invested by funds: $210M → $198M (-$12.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
+$3.03M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.26M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.18M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$664K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$641K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.84M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.56M |
| 3 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$1.24M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$948K |
| 5 |
Morgan Stanley
New York
|
-$727K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HNB
76
Huntington National Bank
Columbus,
Ohio
| $7K | – | – | – |
|
|
HI
77
Harbour Investments
Madison,
Wisconsin
| $5K | – | – | – |
|
78
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $5K | – | – | – |
|
79
Citigroup
New York
| $3K | -$714K | -38,426 | -100% |
|
|
ARC
80
Advisor Resource Council
Dallas,
Texas
| – | -$1.24M | -66,333 | Closed |
|
|
SFS
81
Shaker Financial Services
Arlington,
Virginia
| – | -$948K | -50,506 | Closed |
|
|
6M
82
6 Meridian
Wichita,
Kansas
| – | -$695K | -37,021 | Closed |
|
|
PSIWM
83
Paradigm Strategies in Wealth Management
Maple Grove,
Minnesota
| – | -$5K | -268 | Closed |
|
|
SCA
84
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$3K | -162 | Closed |
|
|
ASN
85
Advisory Services Network
Atlanta,
Georgia
| – | -$2K | -106 | Closed |
|
|
PAM
86
Panagora Asset Management
Boston,
Massachusetts
| – | -$1K | -28 | Closed |
|
87
Fidelity Investments
Boston,
Massachusetts
| – | +$19 | +1 | New |
|
|
HR
88
Howe & Rusling
Rochester,
New York
| – | +$112 | +6 | New |
|
AVK Hedge Fund Activity: Q3 2021 in Review
81 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2021, worth a combined $198M — down 5.8% from $210M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AVK positions and 7 closed out — a net gain of 2 holders — while 31 added to existing stakes and 23 trimmed.
The largest buyer was Koshinski Asset Management, adding an estimated $3.03M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $2.84M.
- 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2021, up from 80 in Q2 2021.
- Funds reported $198M of Advent Convertible and Income Fund stock for Q3 2021, down 5.8% quarter-over-quarter.
- 9 funds opened new Advent Convertible and Income Fund positions in Q3 2021 and 7 closed out, a net change of +2 holders.
- The largest Advent Convertible and Income Fund buyer in Q3 2021 was Koshinski Asset Management, an estimated $3.03M added.
- The largest Advent Convertible and Income Fund seller in Q3 2021 was Thomas J. Herzfeld Advisors, an estimated $2.84M sold.
Based on aggregated 13F filings for Q3 2021.