Advisors Asset Management Inc: Significant Tech Sales, Fixed Income Buys in Q2 2026

Advisors Asset Management Inc has reported notable changes to its portfolio holdings for the period ending June 30th, 2026. The firm's activities this quarter reflect a strategic shift towards fixed income instruments and adjustments in large-cap technology stocks.

Major Technology Sector Sales

The investor significantly scaled back exposure to major tech companies during the second quarter of 2026, as evidenced by substantial reductions across several key holdings. Alphabet Inc (GOOGL) saw its share count decrease by over 80,000 shares (-8.03%), while Amazon.com Inc (AMZN) experienced a reduction of nearly 30,000 shares (-3.86%). Similarly, Apple Inc (AAPL) and Microsoft Corporation (MSFT) also reported decreases in their share counts by approximately 25,000 (-4.7%) and just under 19,000 (+0.91% change but negative net change), respectively.

Focus on Fixed Income Purchases

In contrast to the tech sector exits, Advisors Asset Management Inc demonstrated strong buying activity in fixed income sectors during Q2 2026. The portfolio includes several funds with significant increases in allocation this quarter:

• Clearway Energy Inc (CWEN), a utility company, saw its share count increase by over 360,000 shares (938.47%) and now accounts for 0.21% of the portfolio.
• Newell Brands Inc (NWL), in Consumer Defensive, had its share count rise by nearly 532,000 shares (+66.21%) to a portfolio weighting of 0.13%.
• Wal-Mart Inc (WMT), in Consumer Defensive, also increased its position by nearly 71,000 shares (-9.47% change from prior period).
• Wendys Co Inc (WEN), in Consumer Cyclical, increased its share count by over 329,000 shares (+37.73%) to a portfolio weighting of 0.15%.
• Orchid Island Capital Inc (ORC), in Real Estate, increased its position by nearly 328,000 shares (+47.26%) to a portfolio weighting of 0.11%.

Diversified Fixed Income Holdings Growth

The investor's focus on fixed income extended beyond just one or two funds, leading to increased allocations in several other sectors as well:

• Invesco Senior Income Trust (VVR), a Financial Services fund, saw its share count increase by nearly 600,000 shares (+44.48%) to 0.09%.
• UWM Holdings Corporation (UWMC), a Financial Services fund, experienced an unprecedented +100% change in its share count this quarter.
• PIMCO California Municipal Income Fund (XPCQX) increased its position by nearly 439,000 shares (+36.15%) to a portfolio weighting of 0.23%.
• Aberdeen Multi-Market Income (MMT) increased its position by nearly 421,000 shares (+47.65%) to a portfolio weighting of 0.09%.
• Blackrock California Municipal Income (MUC) increased its position by nearly 314,000 shares (+15.78%) to a portfolio weighting of 0.39%.
• Nuveen Floating Rate Income Fund (JFR) increased its position by nearly 275,000 shares (+17.71%) to a portfolio weighting of 0.21%.

Mixed Activity in Other Sectors

The investor also showed buying interest in other sectors:

• Neuberger Floating Rate Income Inc FD (XNROX) increased its position by nearly 557,000 shares (+113.67%) to a portfolio weighting of 0.05%.
• Calamos Convertible & High Income Fund (XCHYX) increased its position by nearly 261,000 shares (+83.72%) to a portfolio weighting of 0.12%.

Notable Exits and Portfolio Turnover

In addition to the purchases highlighted above, Advisors Asset Management Inc also reported exits from certain positions during Q2 2026:

• Blackstone Strategic Credit (BGB) saw its position reduced by nearly 248,000 shares (-29.56%) over the quarter.
• Global Net Lease Inc (GNL), a Real Estate fund, experienced a significant reduction of nearly 303,000 shares (-70.67%) from its prior position.

The overall portfolio turnover rate appears high based on the reported changes in holdings count and specific stock movements, indicating active management strategies focused on capitalizing on perceived opportunities across different asset classes this quarter.