Advent Convertible and Income Fund
AVK
88 hedge funds and large institutions have $208M invested in Advent Convertible and Income Fund in 2021 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 14 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 19
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
9% more funds holding
Funds holding: 81 → 88 (+7)
5% more capital invested
Capital invested by funds: $198M → $208M (+$10.4M)
0.87% more ownership
Funds ownership: 32.67% → 33.54% (+0.87%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$1.34M |
| 2 |
ARC
Advisor Resource Council
Dallas,
Texas
|
+$1.31M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.24M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$957K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$819K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
-$2.01M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.88M |
| 3 |
ACM
Advent Capital Management
New York
|
-$1.75M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$625K |
| 5 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
-$443K |
AVK Hedge Fund Activity: Q4 2021 in Review
88 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2021, worth a combined $208M — up 5.3% from $198M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new AVK positions and 14 closed out — a net gain of 9 holders — while 33 added to existing stakes and 19 trimmed.
The largest buyer was CIBC Private Wealth Group, opening a new position worth an estimated $1.34M. The largest seller was Formidable Asset Management, cutting an estimated $2.01M.
- 88 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2021, up from 81 in Q3 2021.
- Funds reported $208M of Advent Convertible and Income Fund stock for Q4 2021, up 5.3% quarter-over-quarter.
- 23 funds opened new Advent Convertible and Income Fund positions in Q4 2021 and 14 closed out, a net change of +9 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2021 was CIBC Private Wealth Group, an estimated $1.34M added.
- The largest Advent Convertible and Income Fund seller in Q4 2021 was Formidable Asset Management, an estimated $2.01M sold.
Based on aggregated 13F filings for Q4 2021.