Advent Convertible and Income Fund
AVK
87 hedge funds and large institutions have $99.1M invested in Advent Convertible and Income Fund in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 12 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 23
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0.65% less ownership
Funds ownership: 25.35% → 24.7% (-0.65%)
3% less capital invested
Capital invested by funds: $102M → $99.1M (-$2.79M)
1% less funds holding
Funds holding: 88 → 87 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.5M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.25M |
| 3 |
MWM
Modern Wealth Management
Lenexa,
Kansas
|
+$696K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$519K |
| 5 |
LPL Financial
San Diego,
California
|
+$373K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.89M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.19M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.03M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$895K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$517K |
AVK Hedge Fund Activity: Q2 2024 in Review
87 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2024, worth a combined $99.1M — down 2.7% from $102M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AVK positions and 12 closed out — a net gain of 1 holder — while 30 added to existing stakes and 23 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.5M. The largest seller was Morgan Stanley, cutting an estimated $1.89M.
- 87 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2024, down from 88 in Q1 2024.
- Funds reported $99.1M of Advent Convertible and Income Fund stock for Q2 2024, down 2.7% quarter-over-quarter.
- 13 funds opened new Advent Convertible and Income Fund positions in Q2 2024 and 12 closed out, a net change of +1 holder.
- The largest Advent Convertible and Income Fund buyer in Q2 2024 was Guggenheim Capital, an estimated $1.5M added.
- The largest Advent Convertible and Income Fund seller in Q2 2024 was Morgan Stanley, an estimated $1.89M sold.
Based on aggregated 13F filings for Q2 2024.