Advent Convertible and Income Fund
AVK
78 hedge funds and large institutions have $108M invested in Advent Convertible and Income Fund in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 33 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
1% more funds holding
Funds holding: 77 → 78 (+1)
1.96% less ownership
Funds ownership: 32.03% → 30.07% (-2%)
17% less capital invested
Capital invested by funds: $130M → $108M (-$22.2M)
42% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.17M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.01M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$735K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$488K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.19M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.7M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$956K |
| 5 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$848K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
76
Harbour Investments
Madison,
Wisconsin
| $2K | – | – | – |
|
|
MOS
77
MGO One Seven
Beachwood,
Ohio
| $153 | -$15.5K | -1,215 | -8% |
|
|
ARC
78
Advisor Resource Council
Dallas,
Texas
| – | -$848K | -72,256 | Closed |
|
|
SC
79
Stolper & Co
Tulsa,
Oklahoma
| – | -$523K | -44,587 | Closed |
|
|
KAS
80
Kestra Advisory Services
Austin,
Texas
| – | -$125K | -10,689 | Closed |
|
|
PFGIA
81
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$76K | -6,497 | Closed |
|
|
GLLW
82
Graves Light Lenhart Wealth
Harrisonburg,
Virginia
| – | -$53K | -4,556 | Closed |
|
|
CCM
83
Chilton Capital Management
Houston,
Texas
| – | -$4K | -373 | Closed |
|
84
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | New |
|
AVK Hedge Fund Activity: Q3 2022 in Review
78 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2022, worth a combined $108M — down 17% from $130M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AVK positions and 7 closed out — a net gain of 2 holders — while 19 added to existing stakes and 33 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.17M. The largest seller was Morgan Stanley, cutting an estimated $4.19M.
- 78 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2022, up from 77 in Q2 2022.
- Funds reported $108M of Advent Convertible and Income Fund stock for Q3 2022, down 17% quarter-over-quarter.
- 9 funds opened new Advent Convertible and Income Fund positions in Q3 2022 and 7 closed out, a net change of +2 holders.
- The largest Advent Convertible and Income Fund buyer in Q3 2022 was Wolverine Asset Management, an estimated $1.17M added.
- The largest Advent Convertible and Income Fund seller in Q3 2022 was Morgan Stanley, an estimated $4.19M sold.
Based on aggregated 13F filings for Q3 2022.