Advent Convertible and Income Fund
AVK
91 hedge funds and large institutions have $117M invested in Advent Convertible and Income Fund in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 60 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
18% more capital invested
Capital invested by funds: $99.1M → $117M (+$18M)
6.16% more ownership
Funds ownership: 24.7% → 30.85% (+6.2%)
5% more funds holding
Funds holding: 87 → 91 (+4)
70% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$12M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$4.48M |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$3.61M |
| 4 |
AGM
Alpine Global Management
New York
|
+$3.59M |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.16M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$1.24M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$946K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$690K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$568K |
AVK Hedge Fund Activity: Q3 2024 in Review
91 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2024, worth a combined $117M — up 18% from $99.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AVK positions and 9 closed out — a net gain of 4 holders — while 18 added to existing stakes and 60 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $12M. The largest seller was Morgan Stanley, cutting an estimated $2.16M.
- 91 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2024, up from 87 in Q2 2024.
- Funds reported $117M of Advent Convertible and Income Fund stock for Q3 2024, up 18% quarter-over-quarter.
- 13 funds opened new Advent Convertible and Income Fund positions in Q3 2024 and 9 closed out, a net change of +4 holders.
- The largest Advent Convertible and Income Fund buyer in Q3 2024 was Penserra Capital Management, an estimated $12M added.
- The largest Advent Convertible and Income Fund seller in Q3 2024 was Morgan Stanley, an estimated $2.16M sold.
Based on aggregated 13F filings for Q3 2024.