We are live on ! Find out more
AVK

Advent Convertible and Income Fund

44 hedge funds and large institutions have $75.5M invested in Advent Convertible and Income Fund in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

7% more funds holding

Funds holding: 4144 (+3)

0.84% less ownership

Funds ownership: 19.82%18.98% (-0.84%)

12% less capital invested

Capital invested by funds: $85.7M → $75.5M (-$10.2M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
44
Holders Change
+3
Holders Change %
+7.32%
% of All Funds
1.28%
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
17
Reduced
14
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PPA
1
Parametric Portfolio Associates
Washington
$10.5M +$3.07M +167,888 +37%
WCM
2
Windsor Capital Management
Arizona
$7.8M +$12.8K +701 +0.2%
AAM
3
Advisors Asset Management
Colorado
$7.69M -$1.82M -99,736 -18%
OA
4
Oxbow Advisors
Texas
$7.44M -$659K -36,100 -8%
GC
5
Guggenheim Capital
Illinois
$7.02M -$128K -7,031 -2%
Ameriprise
6
Ameriprise
Minnesota
$6.94M +$1.39M +76,291 +23%
Wells Fargo
7
Wells Fargo
California
$6.31M -$1.18M -64,367 -15%
Morgan Stanley
8
Morgan Stanley
New York
$3.99M -$71.5K -3,915 -2%
Invesco
9
Invesco
Georgia
$3.81M +$643K +35,219 +18%
CS
10
Credit Suisse
Switzerland
$2.17M -$900K -49,267 -28%
RJA
11
Raymond James & Associates
Florida
$1.55M +$79.6K +4,358 +5%
LPL Financial
12
LPL Financial
California
$1.49M +$182K +9,973 +13%
RCM
13
Robinson Capital Management
Michigan
$1.21M -$1.52M -83,245 -54%
CIA
14
Capital Investment Advisors
Georgia
$1.2M -$22.6K -1,238 -2%
DA
15
Doliver Advisors
Texas
$1M +$1.08M +59,295 New
RJFSA
16
Raymond James Financial Services Advisors
Florida
$960K +$59.3K +3,246 +6%
First Trust Advisors
17
First Trust Advisors
Illinois
$901K +$34.2K +1,874 +4%
U
18
UBS
Switzerland
$622K +$77.4K +4,238 +13%
AWA
19
Arete Wealth Advisors
Illinois
$478K +$156K +8,553 +43%
Bank of America
20
Bank of America
North Carolina
$456K +$21.8K +1,194 +5%
VKH
21
Virtu KCG Holdings
New York
$327K +$354K +19,389 New
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$246K
CIBC World Market
23
CIBC World Market
Ontario, Canada
$236K +$256K +13,995 New
SGCA
24
Steel Grove Capital Advisors
Tennessee
$226K
WAM
25
Wolverine Asset Management
Illinois
$216K +$234K +12,827 New

AVK Hedge Fund Activity: Q3 2014 in Review

44 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2014, worth a combined $75.5M — down 12% from $85.7M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new AVK positions and 4 closed out — a net gain of 3 holders — while 17 added to existing stakes and 14 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $3.07M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $3.94M sold.

  • 44 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2014, up from 41 in Q2 2014.
  • Funds reported $75.5M of Advent Convertible and Income Fund stock for Q3 2014, down 12% quarter-over-quarter.
  • 7 funds opened new Advent Convertible and Income Fund positions in Q3 2014 and 4 closed out, a net change of +3 holders.
  • The largest Advent Convertible and Income Fund buyer in Q3 2014 was Parametric Portfolio Associates, an estimated $3.07M added.
  • The largest Advent Convertible and Income Fund seller in Q3 2014 was Eaton Vance Management, an estimated $3.94M sold.

Based on aggregated 13F filings for Q3 2014.