Advent Convertible and Income Fund
AVK
80 hedge funds and large institutions have $210M invested in Advent Convertible and Income Fund in 2021 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 26 reducing their positions, and 12 closing their positions.
3% more capital invested
Capital invested by funds: $203M → $210M (+$6.33M)
0% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 26
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
1% less funds holding
Funds holding: 81 → 80 (-1)
1.86% less ownership
Funds ownership: 34.25% → 32.39% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.05M |
| 2 |
Morgan Stanley
New York
|
+$1.03M |
| 3 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
+$825K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$769K |
| 5 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
+$680K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
-$3.39M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.85M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.7M |
| 4 |
QC
Quantedge Capital
Singapore
|
-$2.44M |
| 5 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
-$2.4M |
AVK Hedge Fund Activity: Q2 2021 in Review
80 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2021, worth a combined $210M — up 3.1% from $203M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of AVK and 11 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 26 added.
The largest buyer was Guggenheim Capital, adding an estimated $3.05M. The largest seller was Koshinski Asset Management, cutting an estimated $3.39M.
- 80 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2021, down from 81 in Q1 2021.
- Funds reported $210M of Advent Convertible and Income Fund stock for Q2 2021, up 3.1% quarter-over-quarter.
- 11 funds opened new Advent Convertible and Income Fund positions in Q2 2021 and 12 closed out, a net change of -1 holder.
- The largest Advent Convertible and Income Fund buyer in Q2 2021 was Guggenheim Capital, an estimated $3.05M added.
- The largest Advent Convertible and Income Fund seller in Q2 2021 was Koshinski Asset Management, an estimated $3.39M sold.
Based on aggregated 13F filings for Q2 2021.