We are live on ! Find out more
AVK

Advent Convertible and Income Fund

46 hedge funds and large institutions have $81.2M invested in Advent Convertible and Income Fund in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

12% more funds holding

Funds holding: 4146 (+5)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.67% less ownership

Funds ownership: 19.66%18.98% (-0.67%)

3% less capital invested

Capital invested by funds: $83.6M → $81.2M (-$2.38M)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

Holders
46
Holders Change
+5
Holders Change %
+12.2%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
8
Increased
14
Reduced
17
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$9.99M -$151K -8,308 -1%
WCM
2
Windsor Capital Management
Arizona
$8.56M +$56.1K +3,089 +0.7%
OA
3
Oxbow Advisors
Texas
$8.53M -$113K -6,212 -1%
GC
4
Guggenheim Capital
Illinois
$7.82M -$800K -44,030 -9%
Wells Fargo
5
Wells Fargo
California
$7.09M +$515K +28,341 +8%
PPA
6
Parametric Portfolio Associates
Washington
$6.71M +$425K +23,392 +7%
Ameriprise
7
Ameriprise
Minnesota
$4.94M +$133K +7,341 +3%
Morgan Stanley
8
Morgan Stanley
New York
$4.31M -$2.24M -123,539 -34%
EVM
9
Eaton Vance Management
Massachusetts
$4.14M +$53K +2,917 +1%
CS
10
Credit Suisse
Switzerland
$3.23M +$216K +11,865 +7%
FAM
11
Formidable Asset Management
Ohio
$2.65M +$908 +50 +0%
Invesco
12
Invesco
Georgia
$2.16M +$937K +51,548 +76%
LPL Financial
13
LPL Financial
California
$1.49M -$124K -6,838 -8%
CIA
14
Capital Investment Advisors
Georgia
$1.33M -$55.5K -3,057 -4%
RJA
15
Raymond James & Associates
Florida
$1.31M +$214K +11,753 +19%
TJHA
16
Thomas J. Herzfeld Advisors
Florida
$1.16M +$126K +6,932 +12%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$915K +$30K +1,653 +3%
First Trust Advisors
18
First Trust Advisors
Illinois
$855K +$62.4K +3,433 +8%
U
19
UBS
Switzerland
$545K -$236 -13 -0%
AQR Capital Management
20
AQR Capital Management
Connecticut
$522K -$60.4K -3,324 -10%
SFS
21
Shaker Financial Services
Virginia
$480K +$482K +26,510 New
Bank of America
22
Bank of America
North Carolina
$460K -$71.8K -3,950 -13%
DA
23
Doliver Advisors
Texas
$271K +$272K +14,981 New
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$243K -$7.47K -411 -3%
SGCA
25
Steel Grove Capital Advisors
Tennessee
$243K -$18.5K -1,019 -7%

AVK Hedge Fund Activity: Q1 2014 in Review

46 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2014, worth a combined $81.2M — down 2.8% from $83.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new AVK positions and 3 closed out — a net gain of 5 holders — while 14 added to existing stakes and 17 trimmed.

The largest buyer was Invesco, adding an estimated $937K. The largest seller was Morgan Stanley, cutting an estimated $2.24M.

  • 46 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2014, up from 41 in Q4 2013.
  • Funds reported $81.2M of Advent Convertible and Income Fund stock for Q1 2014, down 2.8% quarter-over-quarter.
  • 8 funds opened new Advent Convertible and Income Fund positions in Q1 2014 and 3 closed out, a net change of +5 holders.
  • The largest Advent Convertible and Income Fund buyer in Q1 2014 was Invesco, an estimated $937K added.
  • The largest Advent Convertible and Income Fund seller in Q1 2014 was Morgan Stanley, an estimated $2.24M sold.

Based on aggregated 13F filings for Q1 2014.