Advent Convertible and Income Fund
AVK
89 hedge funds and large institutions have $106M invested in Advent Convertible and Income Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 28 reducing their positions, and 9 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 28
11% more capital invested
Capital invested by funds: $95.3M → $106M (+$10.6M)
0.66% more ownership
Funds ownership: 26.99% → 27.64% (+0.66%)
2% less funds holding
Funds holding: 91 → 89 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.23M |
| 2 |
Koshinski Asset Management
Decatur,
Illinois
|
+$1.81M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.75M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$997K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$637K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.8M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.29M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$997K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$774K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$515K |
AVK Hedge Fund Activity: Q4 2023 in Review
89 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2023, worth a combined $106M — up 11% from $95.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of AVK and 8 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 32 added.
The largest buyer was Wolverine Asset Management, adding an estimated $2.23M. The largest seller was Morgan Stanley, cutting an estimated $2.8M.
- 89 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2023, down from 91 in Q3 2023.
- Funds reported $106M of Advent Convertible and Income Fund stock for Q4 2023, up 11% quarter-over-quarter.
- 8 funds opened new Advent Convertible and Income Fund positions in Q4 2023 and 9 closed out, a net change of -1 holder.
- The largest Advent Convertible and Income Fund buyer in Q4 2023 was Wolverine Asset Management, an estimated $2.23M added.
- The largest Advent Convertible and Income Fund seller in Q4 2023 was Morgan Stanley, an estimated $2.8M sold.
Based on aggregated 13F filings for Q4 2023.