Advent Convertible and Income Fund
AVK
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.
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: 41 → 44 (+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: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.07M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.39M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.08M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$643K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$354K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$3.94M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.82M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.52M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.18M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.11M |
AVK Hedge Fund Activity: Q3 2014 in Review
44 of the 3,455 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.