Advent Convertible and Income Fund
AVK
78 hedge funds and large institutions have $171M invested in Advent Convertible and Income Fund in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 15 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 19
0.95% less ownership
Funds ownership: 32.66% → 31.71% (-0.95%)
11% less funds holding
Funds holding: 88 → 78 (-10)
36% less capital inflows, than outflows
Capital inflows: $8.46M | Capital outflows: $13.2M
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
+$1.86M |
| 2 |
Formidable Asset Management
Cincinnati,
Ohio
|
+$1.54M |
| 3 |
FCA Corp
Houston,
Texas
|
+$1.16M |
| 4 |
Morgan Stanley
New York
|
+$647K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$511K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.83M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.58M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$1.33M |
| 4 |
Advisor Resource Council
Dallas,
Texas
|
-$1.3M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$953K |
AVK Hedge Fund Activity: Q1 2022 in Review
78 of the 6,363 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2022, worth a combined $171M — down 18% from $208M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of AVK and 8 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 29 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.86M. The largest seller was Parametric Portfolio Associates, cutting an estimated $3.83M.
- 78 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2022, down from 88 in Q4 2021.
- Funds reported $171M of Advent Convertible and Income Fund stock for Q1 2022, down 18% quarter-over-quarter.
- 8 funds opened new Advent Convertible and Income Fund positions in Q1 2022 and 15 closed out, a net change of -7 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2022 was Advisors Asset Management, an estimated $1.86M added.
- The largest Advent Convertible and Income Fund seller in Q1 2022 was Parametric Portfolio Associates, an estimated $3.83M sold.
Based on aggregated 13F filings for Q1 2022.