Advent Convertible and Income Fund
AVK
87 hedge funds and large institutions have $170M invested in Advent Convertible and Income Fund in 2025 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 29 reducing their positions, and 15 closing their positions.
7% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 29
1.73% less ownership
Funds ownership: 44.44% → 42.71% (-1.7%)
5% less funds holding
Funds holding: 92 → 87 (-5)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
97% less capital invested
Capital invested by funds: $4.94B → $170M (-$4.77B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.28M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$975K |
| 3 |
NAS
NWF Advisory Services
Los Angeles,
California
|
+$871K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
+$774K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$693K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.94M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.4M |
| 3 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
-$1.23M |
| 4 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$1.01M |
| 5 |
AGM
Alpine Global Management
New York
|
-$893K |
AVK Hedge Fund Activity: Q1 2025 in Review
87 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2025, worth a combined $170M — down 97% from $4.94B a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of AVK and 12 opened new positions — a net loss of 3 holders — while 29 trimmed existing stakes and 27 added.
The largest buyer was Penserra Capital Management, adding an estimated $1.28M. The largest seller was Morgan Stanley, cutting an estimated $3.94M.
- 87 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2025, down from 92 in Q4 2024.
- Funds reported $170M of Advent Convertible and Income Fund stock for Q1 2025, down 97% quarter-over-quarter.
- 12 funds opened new Advent Convertible and Income Fund positions in Q1 2025 and 15 closed out, a net change of -3 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2025 was Penserra Capital Management, an estimated $1.28M added.
- The largest Advent Convertible and Income Fund seller in Q1 2025 was Morgan Stanley, an estimated $3.94M sold.
Based on aggregated 13F filings for Q1 2025.