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AVK

Advent Convertible and Income Fund
AVK

68 hedge funds and large institutions have $141M invested in Advent Convertible and Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 20

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.54% less ownership

Funds ownership: 30.55% → 30% (-0.54%)

3% less capital invested

Capital invested by funds: $145M → $141M (-$3.84M)

9% less funds holding

Funds holding: 75 → 68 (-7)

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
68
Holders Change
-7
Holders Change %
-9.33%
% of All Funds
1.48%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
29
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$4.58M
2
GC
Guggenheim Capital
Illinois
+$998K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$723K
4
PPA
Parametric Portfolio Associates
Washington
+$656K
5
UBS Group
UBS Group
Switzerland
+$532K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$2.94M
2
RCM
Rivernorth Capital Management
Florida
-$1.85M
3
RJA
Raymond James & Associates
Florida
-$1.39M
4
CRC
Curi RMB Capital
Illinois
-$1.28M
5
CCP
Clough Capital Partners
Massachusetts
-$1.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
1
Parametric Portfolio Associates
Washington
$20.2M +$656K +45,681 +3%
AAM
2
Advisors Asset Management
Colorado
$19.7M +$369K +25,644 +2%
RJA
3
Raymond James & Associates
Florida
$17.2M -$1.39M -96,800 -8%
Wells Fargo
4
Wells Fargo
California
$8.88M +$170K +11,834 +2%
Morgan Stanley
5
Morgan Stanley
New York
$7.01M +$278K +19,338 +4%
Koshinski Asset Management
6
Koshinski Asset Management
Illinois
$6.63M -$536K -37,287 -8%
LPL Financial
7
LPL Financial
California
$6.63M +$4.58M +318,790 +239%
JP Morgan Chase
8
JP Morgan Chase
New York
$4.99M +$54.2K +3,770 +1%
GC
9
Guggenheim Capital
Illinois
$3.95M +$998K +69,446 +35%
UBS Group
10
UBS Group
Switzerland
$3.49M +$532K +36,998 +18%
Bank of America
11
Bank of America
North Carolina
$3.4M +$135K +9,369 +4%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$3.16M +$119K +8,298 +4%
LTFS
13
Ladenburg Thalmann Financial Services
Florida
$3.09M +$723K +50,329 +31%
AWA
14
Arete Wealth Advisors
Illinois
$3.02M -$776K -53,975 -21%
LCM
15
Landscape Capital Management
New Jersey
$2.45M -$633K -44,052 -21%
Invesco
16
Invesco
Georgia
$2.32M -$404K -28,078 -15%
First Trust Advisors
17
First Trust Advisors
Illinois
$2.3M +$2.53K +176 +0.1%
OA
18
Oxbow Advisors
Texas
$2.18M +$68.9K +4,796 +3%
ACM
19
Advent Capital Management
New York
$2.05M – – –
WCM
20
Windsor Capital Management
Arizona
$1.85M -$47.6K -3,309 -3%
9WM
21
9258 Wealth Management
Ohio
$1.57M -$80.4K -5,594 -5%
MAFM
22
Mid Atlantic Financial Management
Pennsylvania
$1.49M +$60.1K +4,184 +4%
AG
23
Advisor Group
Arizona
$1.31M +$123K +8,546 +11%
Baird Financial Group
24
Baird Financial Group
Wisconsin
$1.25M +$52.1K +3,626 +4%
QCIG
25
Quad-Cities Investment Group
Iowa
$814K +$12.7K +882 +2%
1
2 3 4

AVK Hedge Fund Activity: Q2 2019 in Review

68 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2019, worth a combined $141M — down 2.7% from $145M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of AVK and 4 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 29 added.

The largest buyer was LPL Financial, adding an estimated $4.58M. The largest seller was BlackRock, cutting an estimated $2.94M.

  • 68 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2019, down from 75 in Q1 2019.
  • Funds reported $141M of Advent Convertible and Income Fund stock for Q2 2019, down 2.7% quarter-over-quarter.
  • 4 funds opened new Advent Convertible and Income Fund positions in Q2 2019 and 10 closed out, a net change of -6 holders.
  • The largest Advent Convertible and Income Fund buyer in Q2 2019 was LPL Financial, an estimated $4.58M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2019 was BlackRock, an estimated $2.94M sold.

Based on aggregated 13F filings for Q2 2019.