Advent Convertible and Income Fund
AVK
92 hedge funds and large institutions have $106M invested in Advent Convertible and Income Fund in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 4 closing their positions.
400% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 4
18% more funds holding
Funds holding: 78 → 92 (+14)
7% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 27
1.18% less ownership
Funds ownership: 30.07% → 28.89% (-1.2%)
9% less capital invested
Capital invested by funds: $117M → $106M (-$11.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.11M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$993K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$907K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$825K |
| 5 |
SC
Stolper & Co
Tulsa,
Oklahoma
|
+$660K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.47M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.14M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.02M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$811K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$726K |
AVK Hedge Fund Activity: Q4 2022 in Review
92 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2022, worth a combined $106M — down 9.5% from $117M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new AVK positions and 4 closed out — a net gain of 16 holders — while 25 added to existing stakes and 27 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $5.47M.
- 92 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2022, up from 78 in Q3 2022.
- Funds reported $106M of Advent Convertible and Income Fund stock for Q4 2022, down 9.5% quarter-over-quarter.
- 20 funds opened new Advent Convertible and Income Fund positions in Q4 2022 and 4 closed out, a net change of +16 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2022 was Shaker Financial Services, an estimated $1.11M added.
- The largest Advent Convertible and Income Fund seller in Q4 2022 was Morgan Stanley, an estimated $5.47M sold.
Based on aggregated 13F filings for Q4 2022.