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AVK

Advent Convertible and Income Fund

41 hedge funds and large institutions have $83.6M invested in Advent Convertible and Income Fund in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $76M → $83.6M (+$7.59M)

0.83% more ownership

Funds ownership: 18.83%19.66% (+0.83%)

5% less funds holding

Funds holding: 4341 (-2)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

33% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 15

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
41
Holders Change
-2
Holders Change %
-4.65%
% of All Funds
1.19%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
7
Increased
10
Reduced
15
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$10.1M +$371K +21,305 +4%
OA
2
Oxbow Advisors
Texas
$8.62M +$1.67M +95,631 +25%
GC
3
Guggenheim Capital
Illinois
$8.59M -$1.48M -84,681 -15%
WCM
4
Windsor Capital Management
Arizona
$8.48M -$243K -13,944 -3%
Wells Fargo
5
Wells Fargo
California
$6.56M -$2.16M -124,124 -25%
Morgan Stanley
6
Morgan Stanley
New York
$6.53M +$317K +18,189 +5%
PPA
7
Parametric Portfolio Associates
Washington
$6.27M -$111K -6,376 -2%
Ameriprise
8
Ameriprise
Minnesota
$4.79M +$708K +40,597 +18%
EVM
9
Eaton Vance Management
Massachusetts
$3.76M +$3.64M +208,513 New
CS
10
Credit Suisse
Switzerland
$3.01M -$4.97K -285 -0.2%
FAM
11
Formidable Asset Management
Ohio
$2.7M -$44.6K -2,559 -2%
AWA
12
Arete Wealth Advisors
Illinois
$1.82M +$1.76M +101,036 New
LPL Financial
13
LPL Financial
California
$1.61M -$34.8K -1,997 -2%
CIA
14
Capital Investment Advisors
Georgia
$1.38M +$1.33M +76,375 New
Invesco
15
Invesco
Georgia
$1.22M +$327K +18,759 +38%
RJA
16
Raymond James & Associates
Florida
$1.1M -$77.7K -4,456 -7%
TJHA
17
Thomas J. Herzfeld Advisors
Florida
$1.03M +$2.63K +151 +0.3%
SG Americas Securities
18
SG Americas Securities
New York
$906K +$875K +50,200 New
RJFSA
19
Raymond James Financial Services Advisors
Florida
$883K -$104K -5,966 -11%
First Trust Advisors
20
First Trust Advisors
Illinois
$790K +$764K +43,807 New
AQR Capital Management
21
AQR Capital Management
Connecticut
$581K +$34.8K +1,996 +7%
U
22
UBS
Switzerland
$544K -$49.4K -2,831 -9%
Bank of America
23
Bank of America
North Carolina
$531K -$80.6K -4,623 -14%
SGCA
24
Steel Grove Capital Advisors
Tennessee
$260K
Janney Montgomery Scott
25
Janney Montgomery Scott
Pennsylvania
$250K -$39.4K -2,259 -14%

AVK Hedge Fund Activity: Q4 2013 in Review

41 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2013, worth a combined $83.6M — up 10% from $76M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of AVK and 7 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 10 added.

The largest buyer was Eaton Vance Management, opening a new position worth an estimated $3.64M. The largest seller was Wells Fargo, cutting an estimated $2.16M.

  • 41 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2013, down from 43 in Q3 2013.
  • Funds reported $83.6M of Advent Convertible and Income Fund stock for Q4 2013, up 10% quarter-over-quarter.
  • 7 funds opened new Advent Convertible and Income Fund positions in Q4 2013 and 9 closed out, a net change of -2 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2013 was Eaton Vance Management, an estimated $3.64M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2013 was Wells Fargo, an estimated $2.16M sold.

Based on aggregated 13F filings for Q4 2013.