Advent Convertible and Income Fund
AVK
49 hedge funds and large institutions have $75.6M invested in Advent Convertible and Income Fund in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
158% more capital inflows, than outflows
Capital inflows: $10.6M | Capital outflows: $4.13M
11% more funds holding
Funds holding: 44 → 49 (+5)
1.13% more ownership
Funds ownership: 18.48% → 19.61% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Asset Management
Chicago,
Illinois
|
+$3.19M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.08M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.05M |
| 4 |
Shaker Financial Services
Arlington,
Virginia
|
+$691K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
+$629K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.25M |
| 2 |
Oxbow Advisors
Austin,
Texas
|
-$810K |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
-$606K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$334K |
| 5 |
Windsor Capital Management
Phoenix,
Arizona
|
-$281K |
AVK Hedge Fund Activity: Q4 2014 in Review
49 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2014, worth a combined $75.6M — up 0.1% from $75.5M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AVK positions and 4 closed out — a net gain of 9 holders — while 12 added to existing stakes and 17 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $3.19M. The largest seller was Guggenheim Capital, cutting an estimated $1.25M.
- 49 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2014, up from 44 in Q3 2014.
- Funds reported $75.6M of Advent Convertible and Income Fund stock for Q4 2014, up 0.1% quarter-over-quarter.
- 13 funds opened new Advent Convertible and Income Fund positions in Q4 2014 and 4 closed out, a net change of +9 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2014 was Wolverine Asset Management, an estimated $3.19M added.
- The largest Advent Convertible and Income Fund seller in Q4 2014 was Guggenheim Capital, an estimated $1.25M sold.
Based on aggregated 13F filings for Q4 2014.