Advent Convertible and Income Fund
AVK
64 hedge funds and large institutions have $104M invested in Advent Convertible and Income Fund in 2015 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 4 closing their positions.
375% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 4
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
40% more capital invested
Capital invested by funds: $74.3M → $104M (+$29.5M)
38% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 16
31% more funds holding
Funds holding: 49 → 64 (+15)
9.01% more ownership
Funds ownership: 24.55% → 33.56% (+9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
+$7.05M |
| 2 |
Morgan Stanley
New York
|
+$3.13M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.88M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$2.55M |
| 5 |
FRM
Fore Research & Management
New York
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.37M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.78M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.34M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.25M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$582K |
AVK Hedge Fund Activity: Q4 2015 in Review
64 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2015, worth a combined $104M — up 40% from $74.3M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new AVK positions and 4 closed out — a net gain of 15 holders — while 22 added to existing stakes and 16 trimmed.
The largest buyer was Oxbow Advisors, adding an estimated $7.05M. The largest seller was Ameriprise, cutting an estimated $3.37M.
- 64 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2015, up from 49 in Q3 2015.
- Funds reported $104M of Advent Convertible and Income Fund stock for Q4 2015, up 40% quarter-over-quarter.
- 19 funds opened new Advent Convertible and Income Fund positions in Q4 2015 and 4 closed out, a net change of +15 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2015 was Oxbow Advisors, an estimated $7.05M added.
- The largest Advent Convertible and Income Fund seller in Q4 2015 was Ameriprise, an estimated $3.37M sold.
Based on aggregated 13F filings for Q4 2015.