Advent Convertible and Income Fund
AVK
81 hedge funds and large institutions have $136M invested in Advent Convertible and Income Fund in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 8 closing their positions.
162% more capital inflows, than outflows
Capital inflows: $30.9M | Capital outflows: $11.8M
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
9% more funds holding
Funds holding: 74 → 81 (+7)
2.22% more ownership
Funds ownership: 14.9% → 17.11% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James & Associates
St Petersburg,
Florida
|
+$11.9M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.3M |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
+$2.21M |
| 4 |
Landscape Capital Management
Englewood,
New Jersey
|
+$2.17M |
| 5 |
Clough Capital Partners
Boston,
Massachusetts
|
+$808K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.99M |
| 2 |
Shaker Financial Services
Arlington,
Virginia
|
-$1.94M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.59M |
| 4 |
Laurion Capital Management
New York
|
-$1.29M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$687K |
AVK Hedge Fund Activity: Q4 2018 in Review
81 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2018, worth a combined $136M — down 8.1% from $148M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new AVK positions and 8 closed out — a net gain of 8 holders — while 27 added to existing stakes and 24 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $11.9M. The largest seller was Bank of America, cutting an estimated $4.99M.
- 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2018, up from 74 in Q3 2018.
- Funds reported $136M of Advent Convertible and Income Fund stock for Q4 2018, down 8.1% quarter-over-quarter.
- 16 funds opened new Advent Convertible and Income Fund positions in Q4 2018 and 8 closed out, a net change of +8 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2018 was Raymond James & Associates, an estimated $11.9M added.
- The largest Advent Convertible and Income Fund seller in Q4 2018 was Bank of America, an estimated $4.99M sold.
Based on aggregated 13F filings for Q4 2018.