Advent Convertible and Income Fund
AVK
81 hedge funds and large institutions have $203M invested in Advent Convertible and Income Fund in 2021 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 8 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 21
38% more capital invested
Capital invested by funds: $147M → $203M (+$56M)
7.71% more ownership
Funds ownership: 26.54% → 34.25% (+7.7%)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
1% less funds holding
Funds holding: 82 → 81 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$44.4M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.44M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.19M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.06M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$886K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.07M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.41M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.19M |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$368K |
| 5 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
-$364K |
AVK Hedge Fund Activity: Q1 2021 in Review
81 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2021, worth a combined $203M — up 38% from $147M a quarter earlier.
Fund positioning in AVK was balanced in Q1 2021: 8 funds opened new positions, 8 closed out, 29 added to existing stakes and 21 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $44.4M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.07M sold.
- 81 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2021, down from 82 in Q4 2020.
- Funds reported $203M of Advent Convertible and Income Fund stock for Q1 2021, up 38% quarter-over-quarter.
- 8 funds opened new Advent Convertible and Income Fund positions in Q1 2021 and 8 closed out, a net change of 0 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $44.4M added.
- The largest Advent Convertible and Income Fund seller in Q1 2021 was Rivernorth Capital Management, an estimated $6.07M sold.
Based on aggregated 13F filings for Q1 2021.