Advent Convertible and Income Fund
AVK
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.
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: 43 → 41 (-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: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.64M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.67M |
| 3 |
SG Americas Securities
New York
|
+$875K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$764K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$708K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.16M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.74M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.48M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.01M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$548K |
AVK Hedge Fund Activity: Q4 2013 in Review
41 of the 3,459 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.