Advent Convertible and Income Fund
AVK
88 hedge funds and large institutions have $102M invested in Advent Convertible and Income Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 31 increasing their positions, 30 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 30
1% less funds holding
Funds holding: 89 → 88 (-1)
8.22% less ownership
Funds ownership: 33.57% → 25.35% (-8.2%)
21% less capital invested
Capital invested by funds: $129M → $102M (-$26.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.74M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$899K |
| 3 |
PI
PFG Investments
Woodbury,
New York
|
+$438K |
| 4 |
FC
FCA Corp
Houston,
Texas
|
+$392K |
| 5 |
LPL Financial
San Diego,
California
|
+$352K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$25M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.97M |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
-$1.87M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.5M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$906K |
AVK Hedge Fund Activity: Q1 2024 in Review
88 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2024, worth a combined $102M — down 21% from $129M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new AVK positions and 8 closed out — a net gain of 2 holders — while 31 added to existing stakes and 30 trimmed.
The largest buyer was Baird Financial Group, adding an estimated $1.74M. The largest seller was Morgan Stanley, cutting an estimated $25M.
- 88 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2024, down from 89 in Q4 2023.
- Funds reported $102M of Advent Convertible and Income Fund stock for Q1 2024, down 21% quarter-over-quarter.
- 10 funds opened new Advent Convertible and Income Fund positions in Q1 2024 and 8 closed out, a net change of +2 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2024 was Baird Financial Group, an estimated $1.74M added.
- The largest Advent Convertible and Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $25M sold.
Based on aggregated 13F filings for Q1 2024.