Advent Convertible and Income Fund
AVK
41 hedge funds and large institutions have $85.7M invested in Advent Convertible and Income Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 8 reducing their positions, and 9 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
6% more capital invested
Capital invested by funds: $81.2M → $85.7M (+$4.49M)
0.84% more ownership
Funds ownership: 18.98% → 19.82% (+0.84%)
11% less funds holding
Funds holding: 46 → 41 (-5)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.79M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.45M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.28M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.14M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$835K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
-$2.65M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.16M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$522K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$271K |
| 5 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$210K |
AVK Hedge Fund Activity: Q2 2014 in Review
41 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2014, worth a combined $85.7M — up 5.5% from $81.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of AVK and 4 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 24 added.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $2.79M. The largest seller was Formidable Asset Management, exiting entirely with an estimated $2.65M sold.
- 41 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2014, down from 46 in Q1 2014.
- Funds reported $85.7M of Advent Convertible and Income Fund stock for Q2 2014, up 5.5% quarter-over-quarter.
- 4 funds opened new Advent Convertible and Income Fund positions in Q2 2014 and 9 closed out, a net change of -5 holders.
- The largest Advent Convertible and Income Fund buyer in Q2 2014 was Robinson Capital Management, an estimated $2.79M added.
- The largest Advent Convertible and Income Fund seller in Q2 2014 was Formidable Asset Management, an estimated $2.65M sold.
Based on aggregated 13F filings for Q2 2014.