Advent Convertible and Income Fund
AVK
64 hedge funds and large institutions have $98.6M invested in Advent Convertible and Income Fund in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 16 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
75% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 16
19% more funds holding
Funds holding: 54 → 64 (+10)
0.1% less ownership
Funds ownership: 27.14% → 27.04% (-0.1%)
2% less capital invested
Capital invested by funds: $101M → $98.6M (-$2.33M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.42M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.82M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.46M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.24M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$8.21M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.76M |
| 3 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$1.68M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.64M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$891K |
AVK Hedge Fund Activity: Q4 2017 in Review
64 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2017, worth a combined $98.6M — down 2.3% from $101M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AVK positions and 3 closed out — a net gain of 10 holders — while 28 added to existing stakes and 16 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $4.42M. The largest seller was Saba Capital Management, cutting an estimated $8.21M.
- 64 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2017, up from 54 in Q3 2017.
- Funds reported $98.6M of Advent Convertible and Income Fund stock for Q4 2017, down 2.3% quarter-over-quarter.
- 13 funds opened new Advent Convertible and Income Fund positions in Q4 2017 and 3 closed out, a net change of +10 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2017 was Parametric Portfolio Associates, an estimated $4.42M added.
- The largest Advent Convertible and Income Fund seller in Q4 2017 was Saba Capital Management, an estimated $8.21M sold.
Based on aggregated 13F filings for Q4 2017.