Advent Convertible and Income Fund
AVK
78 hedge funds and large institutions have $117M invested in Advent Convertible and Income Fund in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 33 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
1% more funds holding
Funds holding: 77 → 78 (+1)
1.91% less ownership
Funds ownership: 31.18% → 29.28% (-1.9%)
42% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 33
55% less capital inflows, than outflows
Capital inflows: $6.5M | Capital outflows: $14.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.17M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.01M |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
+$746K |
| 5 |
Clough Capital Partners
Boston,
Massachusetts
|
+$488K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.19M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$2.7M |
| 3 |
Raymond James & Associates
St Petersburg,
Florida
|
-$2.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$956K |
| 5 |
Advisor Resource Council
Dallas,
Texas
|
-$848K |
AVK Hedge Fund Activity: Q3 2022 in Review
78 of the 5,832 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q3 2022, worth a combined $117M — down 9.7% from $130M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AVK positions and 7 closed out — a net gain of 2 holders — while 19 added to existing stakes and 33 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.17M. The largest seller was Morgan Stanley, cutting an estimated $4.19M.
- 78 institutional investors held Advent Convertible and Income Fund (AVK) as of Q3 2022, up from 77 in Q2 2022.
- Funds reported $117M of Advent Convertible and Income Fund stock for Q3 2022, down 9.7% quarter-over-quarter.
- 9 funds opened new Advent Convertible and Income Fund positions in Q3 2022 and 7 closed out, a net change of +2 holders.
- The largest Advent Convertible and Income Fund buyer in Q3 2022 was Wolverine Asset Management, an estimated $1.17M added.
- The largest Advent Convertible and Income Fund seller in Q3 2022 was Morgan Stanley, an estimated $4.19M sold.
Based on aggregated 13F filings for Q3 2022.