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AVK

Advent Convertible and Income Fund
AVK

92 hedge funds and large institutions have $2.37B invested in Advent Convertible and Income Fund in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,107% more capital invested

Capital invested by funds: $108M → $2.37B (+$2.27B)

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

18% more funds holding

Funds holding: 78 → 92 (+14)

7% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 27

1.18% less ownership

Funds ownership: 30.07% → 28.89% (-1.2%)

Holders
92
Holders Change
+14
Holders Change %
+17.95%
% of All Funds
1.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
25
Reduced
27
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.11M
2
Wells Fargo
Wells Fargo
California
+$993K
3
WAM
Wolverine Asset Management
Illinois
+$907K
4
GC
Guggenheim Capital
Illinois
+$825K
5
SC
Stolper & Co
Oklahoma
+$660K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.47M
2
RJA
Raymond James & Associates
Florida
-$2.14M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.02M
4
Bank of America
Bank of America
North Carolina
-$811K
5
OA
Oxbow Advisors
Texas
-$726K
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
76
Carson Wealth (CWM LLC)
Nebraska
$26K +$456 +41 +2%
ZB
77
Zions Bancorporation
Utah
$21.9K – – –
TWM
78
Tradition Wealth Management
Minnesota
$18K – – –
SWM
79
Spire Wealth Management
Virginia
$17K – – –
BC
80
Bartlett & Co
Ohio
$9K – – –
AWM
81
Accurate Wealth Management
Florida
$8.82K +$8.47K +762 New
ME
82
McIlrath & Eck
Washington
$8.78K +$9.2K +827 New
BCWM
83
Bartlett & Co Wealth Management
Ohio
$8.72K – – –
LFG
84
Larson Financial Group
Missouri
$8.72K – – –
TWC
85
TD Waterhouse Canada
Ontario, Canada
$7.38K – – –
NSIM
86
North Star Investment Management
Illinois
$4.58K – – –
AF
87
Allworth Financial
California
$4.36K – – –
HNB
88
Huntington National Bank
Ohio
$4.36K – – –
EWA
89
EverSource Wealth Advisors
Alabama
$3.61K – – –
CAS
90
Coppell Advisory Solutions
Texas
$2.29K +$2.4K +216 New
CASC
91
Coppell Advisory Solutions Corp
Texas
$2.29K +$2.4K +216 New
HI
92
Harbour Investments
Wisconsin
$1.97K – – –
CCP
93
Clough Capital Partners
Massachusetts
– -$396K -38,307 Closed
KPWS
94
Kestra Private Wealth Services
Texas
– -$169K -16,298 Closed
AA
95
AlphaMark Advisors
Kentucky
– -$6K -616 Closed
1 2 3
4

AVK Hedge Fund Activity: Q4 2022 in Review

92 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2022, worth a combined $2.37B — up 2,107% from $108M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new AVK positions and 4 closed out — a net gain of 16 holders — while 25 added to existing stakes and 27 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $5.47M.

  • 92 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2022, up from 78 in Q3 2022.
  • Funds reported $2.37B of Advent Convertible and Income Fund stock for Q4 2022, up 2,107% quarter-over-quarter.
  • 20 funds opened new Advent Convertible and Income Fund positions in Q4 2022 and 4 closed out, a net change of +16 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2022 was Shaker Financial Services, an estimated $1.11M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2022 was Morgan Stanley, an estimated $5.47M sold.

Based on aggregated 13F filings for Q4 2022.