Advent Convertible and Income Fund
AVK
89 hedge funds and large institutions have $104M invested in Advent Convertible and Income Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 35 reducing their positions, and 12 closing their positions.
2.2% less ownership
Funds ownership: 28.13% → 25.93% (-2.2%)
3% less funds holding
Funds holding: 92 → 89 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
29% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 35
58% less capital inflows, than outflows
Capital inflows: $6.17M | Capital outflows: $14.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$762K |
| 2 |
Arete Wealth Advisors
Chicago,
Illinois
|
+$696K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$498K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$425K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
-$4.6M |
| 2 |
Morgan Stanley
New York
|
-$3.85M |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
-$1.8M |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$665K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
-$506K |
AVK Hedge Fund Activity: Q1 2023 in Review
89 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2023, worth a combined $104M — down 2.2% from $106M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of AVK and 9 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 25 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $762K. The largest seller was Koshinski Asset Management, exiting entirely with an estimated $4.6M sold.
- 89 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2023, down from 92 in Q4 2022.
- Funds reported $104M of Advent Convertible and Income Fund stock for Q1 2023, down 2.2% quarter-over-quarter.
- 9 funds opened new Advent Convertible and Income Fund positions in Q1 2023 and 12 closed out, a net change of -3 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $762K added.
- The largest Advent Convertible and Income Fund seller in Q1 2023 was Koshinski Asset Management, an estimated $4.6M sold.
Based on aggregated 13F filings for Q1 2023.