Advent Convertible and Income Fund
AVK
82 hedge funds and large institutions have $147M invested in Advent Convertible and Income Fund in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 20 increasing their positions, 31 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
94% more capital inflows, than outflows
Capital inflows: $18.5M | Capital outflows: $9.5M
11% more funds holding
Funds holding: 74 → 82 (+8)
1.68% more ownership
Funds ownership: 24.16% → 25.84% (+1.7%)
35% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Formidable Asset Management
Cincinnati,
Ohio
|
+$3.53M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$2.52M |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.74M |
| 4 |
Curi RMB Capital
Chicago,
Illinois
|
+$1.74M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
-$2.67M |
| 2 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.6M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$1.12M |
| 4 |
Raymond James & Associates
St Petersburg,
Florida
|
-$978K |
| 5 |
Avantax Advisory Services
Dallas,
Texas
|
-$523K |
AVK Hedge Fund Activity: Q4 2020 in Review
82 of the 5,679 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2020, worth a combined $147M — up 28% from $116M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new AVK positions and 8 closed out — a net gain of 9 holders — while 20 added to existing stakes and 31 trimmed.
The largest buyer was Formidable Asset Management, adding an estimated $3.53M. The largest seller was Advisors Asset Management, cutting an estimated $2.67M.
- 82 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2020, up from 74 in Q3 2020.
- Funds reported $147M of Advent Convertible and Income Fund stock for Q4 2020, up 28% quarter-over-quarter.
- 17 funds opened new Advent Convertible and Income Fund positions in Q4 2020 and 8 closed out, a net change of +9 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2020 was Formidable Asset Management, an estimated $3.53M added.
- The largest Advent Convertible and Income Fund seller in Q4 2020 was Advisors Asset Management, an estimated $2.67M sold.
Based on aggregated 13F filings for Q4 2020.