Advent Convertible and Income Fund
AVK
110 hedge funds and large institutions have $137M invested in Advent Convertible and Income Fund in 2026 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 33 increasing their positions, 32 reducing their positions, and 3 closing their positions.
467% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 3
11% more funds holding
Funds holding: 99 → 110 (+11)
3% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 32
1.32% less ownership
Funds ownership: 29.05% → 27.73% (-1.3%)
39% less capital inflows, than outflows
Capital inflows: $10M | Capital outflows: $16.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.89M |
| 2 |
Readystate Asset Management
Chicago,
Illinois
|
+$1.32M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$797K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$752K |
| 5 |
Morgan Stanley
New York
|
+$704K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Penserra Capital Management
Orinda,
California
|
-$7.99M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.76M |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
-$1.22M |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$520K |
| 5 |
LPL Financial
San Diego,
California
|
-$380K |
AVK Hedge Fund Activity: Q1 2026 in Review
110 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2026, worth a combined $137M — down 15% from $161M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new AVK positions and 3 closed out — a net gain of 14 holders — while 33 added to existing stakes and 32 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.89M. The largest seller was Penserra Capital Management, cutting an estimated $7.99M.
- 110 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2026, up from 99 in Q4 2025.
- Funds reported $137M of Advent Convertible and Income Fund stock for Q1 2026, down 15% quarter-over-quarter.
- 17 funds opened new Advent Convertible and Income Fund positions in Q1 2026 and 3 closed out, a net change of +14 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2026 was Wolverine Asset Management, an estimated $1.89M added.
- The largest Advent Convertible and Income Fund seller in Q1 2026 was Penserra Capital Management, an estimated $7.99M sold.
Based on aggregated 13F filings for Q1 2026.