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AVK

Advent Convertible and Income Fund
AVK

78 hedge funds and large institutions have $171M invested in Advent Convertible and Income Fund in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 19

0.98% less ownership

Funds ownership: 33.54% → 32.56% (-0.98%)

11% less funds holding

Funds holding: 88 → 78 (-10)

18% less capital invested

Capital invested by funds: $208M → $171M (-$36.5M)

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
78
Holders Change
-10
Holders Change %
-11.36%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
29
Reduced
19
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.86M
2
FAM
Formidable Asset Management
Ohio
+$1.54M
3
FC
FCA Corp
Texas
+$1.16M
4
Morgan Stanley
Morgan Stanley
New York
+$647K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$511K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$3.83M
2
GC
Guggenheim Capital
Illinois
-$1.58M
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$1.33M
4
ARC
Advisor Resource Council
Texas
-$1.3M
5
UBS Group
UBS Group
Switzerland
-$953K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAG
76
Fortitude Advisory Group
Washington
$4K – – –
JP Morgan Chase
77
JP Morgan Chase
New York
$4K +$4.17K +266 New
CIBC Private Wealth Group
78
CIBC Private Wealth Group
Georgia
– -$1.33M -74,074 Closed
ARC
79
Advisor Resource Council
Texas
– -$1.3M -72,604 Closed
AHIA
80
Andrew Hill Investment Advisors
Florida
– -$360K -20,058 Closed
PAG
81
Private Advisor Group
New Jersey
– -$211K -11,715 Closed
SFS
82
Sowell Financial Services
Arkansas
– -$210K -11,667 Closed
Janney Montgomery Scott
83
Janney Montgomery Scott
Pennsylvania
– -$195K -10,850 Closed
FPWM
84
FSB Premier Wealth Management
Iowa
– -$53K -2,987 Closed
SC
85
Steph & Co
Wisconsin
– -$37K -2,054 Closed
Bessemer Group
86
Bessemer Group
New Jersey
– -$12K -693 Closed
AF
87
Advisornet Financial
Minnesota
– -$7K -381 Closed
CCM
88
Chilton Capital Management
Texas
– -$7K -373 Closed
WFS
89
Widmann Financial Services
Maryland
– -$6K -342 Closed
TC
90
TAP Consulting
Missouri
– -$5K -290 Closed
AIP
91
Ahrens Investment Partners
Louisiana
– -$5K -251 Closed
IAG
92
Investmark Advisory Group
Connecticut
– -$1K -72 Closed
1 2 3
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AVK Hedge Fund Activity: Q1 2022 in Review

78 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2022, worth a combined $171M — down 18% from $208M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of AVK and 8 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 29 added.

The largest buyer was Advisors Asset Management, adding an estimated $1.86M. The largest seller was Parametric Portfolio Associates, cutting an estimated $3.83M.

  • 78 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2022, down from 88 in Q4 2021.
  • Funds reported $171M of Advent Convertible and Income Fund stock for Q1 2022, down 18% quarter-over-quarter.
  • 8 funds opened new Advent Convertible and Income Fund positions in Q1 2022 and 15 closed out, a net change of -7 holders.
  • The largest Advent Convertible and Income Fund buyer in Q1 2022 was Advisors Asset Management, an estimated $1.86M added.
  • The largest Advent Convertible and Income Fund seller in Q1 2022 was Parametric Portfolio Associates, an estimated $3.83M sold.

Based on aggregated 13F filings for Q1 2022.