Advent Convertible and Income Fund
AVK
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.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
12% more funds holding
Funds holding: 41 → 46 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.66% less ownership
Funds ownership: 19.14% → 18.48% (-0.66%)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
44% less capital inflows, than outflows
Capital inflows: $3.62M | Capital outflows: $6.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$937K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$515K |
| 3 |
Shaker Financial Services
Arlington,
Virginia
|
+$482K |
| 4 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$425K |
| 5 |
Doliver Advisors
Houston,
Texas
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.24M |
| 2 |
Arete Wealth Advisors
Chicago,
Illinois
|
-$1.63M |
| 3 |
SG Americas Securities
New York
|
-$906K |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$800K |
| 5 |
Logan Capital Management
Newtown Square,
Pennsylvania
|
-$197K |
AVK Hedge Fund Activity: Q1 2014 in Review
46 of the 3,475 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.