Advent Convertible and Income Fund
AVK
87 hedge funds and large institutions have $106M invested in Advent Convertible and Income Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 25 reducing their positions, and 9 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 25
2% more capital invested
Capital invested by funds: $104M → $106M (+$2.28M)
0.22% more ownership
Funds ownership: 26.63% → 26.85% (+0.22%)
2% less funds holding
Funds holding: 89 → 87 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
+$3.23M |
| 2 |
LPL Financial
San Diego,
California
|
+$681K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$661K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$411K |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$370K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.6M |
| 2 |
Morgan Stanley
New York
|
-$2.01M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$365K |
| 4 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$280K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$226K |
AVK Hedge Fund Activity: Q2 2023 in Review
87 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2023, worth a combined $106M — up 2.2% from $104M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of AVK and 7 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 33 added.
The largest buyer was Koshinski Asset Management, opening a new position worth an estimated $3.23M. The largest seller was Advisors Asset Management, cutting an estimated $2.6M.
- 87 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2023, down from 89 in Q1 2023.
- Funds reported $106M of Advent Convertible and Income Fund stock for Q2 2023, up 2.2% quarter-over-quarter.
- 7 funds opened new Advent Convertible and Income Fund positions in Q2 2023 and 9 closed out, a net change of -2 holders.
- The largest Advent Convertible and Income Fund buyer in Q2 2023 was Koshinski Asset Management, an estimated $3.23M added.
- The largest Advent Convertible and Income Fund seller in Q2 2023 was Advisors Asset Management, an estimated $2.6M sold.
Based on aggregated 13F filings for Q2 2023.