Advent Convertible and Income Fund
AVK
92 hedge funds and large institutions have $4.94B invested in Advent Convertible and Income Fund in 2024 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 30 increasing their positions, 24 reducing their positions, and 13 closing their positions.
4,121% more capital invested
Capital invested by funds: $117M → $4.94B (+$4.83B)
46% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 13
25% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 24
13.59% more ownership
Funds ownership: 30.85% → 44.44% (+14%)
1% more funds holding
Funds holding: 91 → 92 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$49.8M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$9.36M |
| 3 |
QL
Quarry LP
New York
|
+$3.28M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$1.89M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$4.38M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$3.39M |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$3.26M |
| 4 |
AGM
Alpine Global Management
New York
|
-$2.62M |
| 5 |
Morgan Stanley
New York
|
-$2.61M |
AVK Hedge Fund Activity: Q4 2024 in Review
92 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2024, worth a combined $4.94B — up 4,121% from $117M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new AVK positions and 13 closed out — a net gain of 6 holders — while 30 added to existing stakes and 24 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $49.8M. The largest seller was International Assets Investment Management, cutting an estimated $4.38M.
- 92 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2024, up from 91 in Q3 2024.
- Funds reported $4.94B of Advent Convertible and Income Fund stock for Q4 2024, up 4,121% quarter-over-quarter.
- 19 funds opened new Advent Convertible and Income Fund positions in Q4 2024 and 13 closed out, a net change of +6 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2024 was Sit Investment Associates, an estimated $49.8M added.
- The largest Advent Convertible and Income Fund seller in Q4 2024 was International Assets Investment Management, an estimated $4.38M sold.
Based on aggregated 13F filings for Q4 2024.