Advent Convertible and Income Fund
AVK
43 hedge funds and large institutions have $76M invested in Advent Convertible and Income Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3% more capital invested
Capital invested by funds: $73.7M → $76M (+$2.31M)
0% more funds holding
Funds holding: 43 → 43 (0)
0.13% less ownership
Funds ownership: 18.96% → 18.83% (-0.13%)
35% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$581K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$544K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$528K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
+$515K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$325K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.4M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.37M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.01M |
| 4 |
VAM
Visium Asset Management
New York
|
-$476K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$376K |
AVK Hedge Fund Activity: Q3 2013 in Review
43 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2013, worth a combined $76M — up 3.1% from $73.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new AVK positions and 6 closed out — a net gain of 1 holder — while 11 added to existing stakes and 17 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $581K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.4M.
- 43 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $76M of Advent Convertible and Income Fund stock for Q3 2013, up 3.1% quarter-over-quarter.
- 7 funds opened new Advent Convertible and Income Fund positions in Q3 2013 and 6 closed out, a net change of +1 holder.
- The largest Advent Convertible and Income Fund buyer in Q3 2013 was Wolverine Asset Management, an estimated $581K added.
- The largest Advent Convertible and Income Fund seller in Q3 2013 was Rivernorth Capital Management, an estimated $2.4M sold.
Based on aggregated 13F filings for Q3 2013.