ADVENT CONV & INCOME FD AVK
COM · Closed-End Fund · CUSIP 00764C109
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.97.
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 80 |
| Q4 2022 | 93 |
| Q1 2023 | 90 |
| Q2 2023 | 89 |
| Q3 2023 | 94 |
| Q4 2023 | 92 |
| Q1 2024 | 90 |
| Q2 2024 | 88 |
| Q3 2024 | 92 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 37 | 31 |
| Q1 2023 | 29 | 47 |
| Q2 2023 | 39 | 34 |
| Q3 2023 | 41 | 39 |
| Q4 2023 | 38 | 37 |
| Q1 2024 | 42 | 40 |
| Q2 2024 | 41 | 37 |
| Q3 2024 | 44 | 37 |
Biggest buyers
| Penserra Capital Management LLC | New | +996.2k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +373.1k |
| Arete Wealth Advisors, LLC | Added | +308.3k |
| Alpine Global Management, LLC | New | +298.6k |
| BOOTHBAY FUND MANAGEMENT, LLC | New | +289.1k |
| SIT INVESTMENT ASSOCIATES INC | New | +117.5k |
| Advisors Asset Management, Inc. | Added | +109.4k |
| Cable Car Capital, LP | New | +100.0k |
| Yakira Capital Management, Inc. | New | +84.2k |
| Shaker Financial Services, LLC | New | +41.6k |
Biggest sellers
| MORGAN STANLEY | Reduced | -133.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Reduced | -99.0k |
| AQR Arbitrage LLC | Sold out | -79.4k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -46.2k |
| Sanctuary Advisors, LLC | Reduced | -38.8k |
| GUGGENHEIM CAPITAL LLC | Reduced | -28.3k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -23.1k |
| Cetera Investment Advisers | Sold out | -19.1k |
| AVANTAX ADVISORY SERVICES, INC. | Sold out | -15.6k |
| Trust Investment Advisors | Sold out | -11.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: SIT INVESTMENT ASSOCIATES INC (4.8%, 2026-04-06)
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2022 | 1 | $4.8k | 0 | — | — |
| Q1 2023 | 1 | $4.9k | 0 | — | — |
| Q2 2023 | 1 | $4.0k | 0 | — | — |
| Q3 2023 | 1 | $4.4k | 1 | $690.4k | — |
| Q4 2023 | 1 | $4.1k | 1 | $80.0k | — |
| Q1 2024 | 1 | $4.7k | 0 | — | — |
| Q2 2024 | 1 | $5.9k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $18.4m | Reduced -133.2k |
| Penserra Capital Management LLC 0.25% of their portfolio | 996.2k $11.7m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 745.3k $8.7m | Added +6.1k |
| GUGGENHEIM CAPITAL LLC 0.06% of their portfolio | 670.4k $7.9m | Reduced -28.3k |
| Arete Wealth Advisors, LLC 0.31% of their portfolio | 600.0k $3.6m | Added +308.3k |
| Advisors Asset Management, Inc. 0.11% of their portfolio | 492.8k $5.8m | Added +109.4k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 462.6k $5.4m | Added +7.2k |
| LPL Financial LLC 0.00% of their portfolio | 435.0k $5.1m | Added +8.1k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 407.8k $34.7k | Added +373.1k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 367.9k $4.3m | Reduced -46.2k |
| Koshinski Asset Management, Inc. 0.35% of their portfolio | 341.5k $4.0m | Added +13.0k |
| Alpine Global Management, LLC 0.85% of their portfolio | 298.6k $3.5m | New |
| Baird Financial Group, Inc. 0.01% of their portfolio | 289.3k $3.4m | Added +7.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.10% of their portfolio | 289.1k $3.4m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 176.2k $2.1m | Reduced -23.1k |
| Edmonds Duncan Registered Investment Advisors, LLC 0.41% of their portfolio | 161.1k $1.9m | Added +10.5k |
| Invesco Ltd. 0.00% of their portfolio | 152.0k $1.8m | Reduced -11.0k |
| UBS Group AG 0.00% of their portfolio | 144.6k $1.7m | Reduced -8.3k |
| FCA CORP /TX 0.51% of their portfolio | 141.6k $1.7m | Added +8.0k |
| Formidable Asset Management, LLC 0.23% of their portfolio | 120.7k $1.4m | Reduced -7.7k |
| SIT INVESTMENT ASSOCIATES INC 0.03% of their portfolio | 117.5k $1.4m | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 116.9k $1.4m | Reduced -6.4k |
| Cable Car Capital, LP 1.27% of their portfolio | 100.0k $1.2m | New |
| Yakira Capital Management, Inc. 0.38% of their portfolio | 84.2k $988.4k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 77.6k $911.0k | Added +7 |
| NWF Advisory Services Inc. 0.13% of their portfolio | 74.0k $868.2k | Reduced -1.0k |
| Cyndeo Wealth Partners, LLC 0.05% of their portfolio | 63.4k $744.4k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 60.3k $707.5k | Reduced -1.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 59.8k $702.6k | Added +7.3k |
| 9258 Wealth Management, LLC 0.10% of their portfolio | 59.3k $696.7k | Reduced -304 |
| Modern Wealth Management, LLC 0.04% of their portfolio | 57.7k $677.0k | Reduced -1.1k |
| PFG Investments, LLC 0.04% of their portfolio | 56.4k $662.6k | Reduced -5.6k |
| Stolper Co 0.22% of their portfolio | 56.2k $659.0k | Reduced -830 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 47.1k $553.0k | Added +895 |
| Shaker Financial Services, LLC 0.18% of their portfolio | 41.6k $488.3k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 41.4k $485.6k | Reduced -99.0k |
| Twelve Points Wealth Management LLC 0.13% of their portfolio | 35.9k $421.3k | Added +1 |
| Heron Bay Capital Management 0.09% of their portfolio | 35.1k $412.2k | Unchanged |
| Ameritas Advisory Services, LLC 0.02% of their portfolio | 34.6k $406.0k | Added +9.7k |
| Centurion Wealth Management LLC 0.12% of their portfolio | 31.8k $373.8k | First filing |
| Walleye Capital LLC 0.00% of their portfolio | 31.8k $373.5k | New |
| Sage Capital Management, LLC 0.18% of their portfolio | 31.7k $372.2k | Added +7.5k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 24.1k $282.7k | Added +1.9k |
| Oxbow Advisors, LLC 0.03% of their portfolio | 23.4k $274.8k | Added +645 |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 23.1k $270.9k | Reduced -4.3k |
| Windsor Capital Management, LLC 0.08% of their portfolio | 22.3k $261.6k | Added +194 |
| COMERICA BANK 0.00% of their portfolio | 22.2k $260.4k | Reduced -179 |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 22.1k $259.9k | Added +362 |
| Moors & Cabot, Inc. 0.01% of their portfolio | 21.0k $246.5k | Unchanged |
| Vanguard Capital Wealth Advisors 0.26% of their portfolio | 20.7k $242.8k | Added +524 |
| Compound Planning, Inc. 0.01% of their portfolio | 20.2k $237.3k | Reduced -58 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 18.6k $218.4k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 17.3k $202.8k | Reduced -3.2k |
| RAYMOND JAMES TRUST N.A. 0.00% of their portfolio | 16.5k $193.7k | Reduced -2.0k |
| Concurrent Investment Advisors, LLC 0.01% of their portfolio | 14.8k $173.2k | Reduced -681 |
| Pinnacle Wealth Planning Services, Inc. 0.02% of their portfolio | 14.6k $171.8k | Reduced -1.8k |
| CHOREO, LLC 0.00% of their portfolio | 13.9k $164.3k | Reduced -3.3k |
| MELFA WEALTH MANAGEMENT, INC. 0.11% of their portfolio | 13.8k $162.0k | Added +2.5k |
| Jaffetilchin Investment Partners, LLC 0.01% of their portfolio | 13.5k $158.2k | Reduced -605 |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 13.3k $156.1k | Unchanged |
| CoreCap Advisors, LLC 0.01% of their portfolio | 13.2k $154.4k | Reduced -10.5k |
| CALTON & ASSOCIATES, INC. 0.06% of their portfolio | 13.0k $152.3k | New |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 12.0k $141.2k | Added +46 |
| Encompass More Asset Management 0.05% of their portfolio | 11.9k $139.8k | New |
| TRANSCEND CAPITAL ADVISORS, LLC 0.01% of their portfolio | 11.7k $137.1k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 11.4k $134.0k | Added +168 |
| Quarry LP 0.04% of their portfolio | 11.4k $133.3k | New |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 11.3k $134.6k | Reduced -38.8k |
| PARK AVENUE SECURITIES LLC 0.00% of their portfolio | 10.6k $124.0k | Reduced -1.1k |
| Capital Investment Advisors, LLC 0.00% of their portfolio | 10.1k $119.0k | New |
| Gilliland Jeter Wealth Management LLC 0.02% of their portfolio | 9.9k $117.4k | Added +4.9k |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 9.7k $113.7k | Reduced -715 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 5.1k $59.7k | Added +109 |
| MeadowBrook Investment Advisors LLC 0.05% of their portfolio | 5.1k $59.3k | Added +252 |
| Larson Financial Group LLC 0.00% of their portfolio | 3.8k $44.6k | Added +2.7k |
| Zions Bancorporation, N.A. 0.00% of their portfolio | 2.0k $23.6k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 2.0k $23.0k | Added +18 |
| US BANCORP \DE\ 0.00% of their portfolio | 1.5k $17.3k | Unchanged |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 1.4k $16.1k | Added +1.3k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio | 1.3k $15.3k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 1.1k $13.2k | Added +400 |
| Fortis Group Advisors, LLC 0.00% of their portfolio | 909 $10.7k | Unchanged |
| ATTICUS WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 837 $9.8k | Unchanged |
| McIlrath & Eck, LLC 0.00% of their portfolio | 805 $9.5k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 800 $9.4k | Unchanged |
| Gen-Wealth Partners Inc 0.00% of their portfolio | 495 $5.5k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 423 $5.0k | Added +383 |
| North Star Investment Management Corp. 0.00% of their portfolio | 420 $4.9k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 400 $4.7k | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 262 $3.1k | Unchanged |
| Coppell Advisory Solutions LLC 0.00% of their portfolio | 105 $1.2k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |