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ACM
Advent Capital Management Portfolio holdings
AUM
$3.63B
1-Year Est. Return
0.29%
This Fund
S&P 500
This Quarter
Est. Return
-0.26%
1 Year Est. Return
-0.29%
3 Year Est. Return
+1.05%
5 Year Est. Return
-0.73%
10 Year Est. Return
+3.33%
AUM
$5.09B
AUM Growth
-$128M
(-2.5%)
Cap. Flow
-$4.41B
Cap. Flow
% of AUM
-86.62%
Top 10 Holdings %
Top 10 Hldgs %
16.95%
Holding
325
New
58
Increased
13
Reduced
27
Closed
54
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
|
+$34.2M |
| 2 |
HES.PRA
Hess Corporation
HES.PRA
|
+$16.7M |
| 3 |
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
|
+$15.1M |
| 4 |
Caterpillar
CAT
|
+$9.54M |
| 5 |
United Rentals
URI
|
+$9.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$25.4M |
| 2 |
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
|
+$22.2M |
| 3 |
WELL.PRI
Welltower Inc.
WELL.PRI
|
+$19.6M |
| 4 |
AMT.PRB
American Tower Corporation
AMT.PRB
|
+$12.9M |
| 5 |
LendingTree
TREE
|
+$11.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 0.76% |
| 2 | Financials | 0.69% |
| 3 | Consumer Discretionary | 0.62% |
| 4 | Healthcare | 0.44% |
| 5 | Technology | 0.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Goldman Sachs
GS
$303B
| $5.79M | 0.11% |
+23,000
| New | +$5.99M |
|
27
Walmart Inc
WMT
$890B
| $5.78M | 0.11% |
195,000
+45,000
| +30% | +$1.45M |
|
|
AEUA
28
DELISTED
Anadarko Petroleum Corporation
AEUA
| $5.5M | 0.11% |
184,484
+57,120
| +45% | +$1.97M |
|
29
Gilead Sciences
GILD
$165B
| $5.28M | 0.1% |
+70,000
| New | +$5.56M |
|
30
Amgen
AMGN
$222B
| $5.25M | 0.1% |
+30,798
| New | +$5.65M |
|
31
KLA
KLAC
$259B
| $5.23M | 0.1% |
+479,840
| New | +$5.34M |
|
|
SRE.PRA
32
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $5.23M | 0.1% |
+51,194
| New | +$5.16M |
|
33
Verizon
VZ
$196B
| $5.02M | 0.1% |
105,000
-45,000
| -30% | -$2.26M |
|
34
Occidental Petroleum
OXY
$55.9B
| $4.09M | 0.08% |
+63,000
| New | +$4.41M |
|
35
Lazard
LAZ
$4.31B
| $3.94M | 0.08% |
+75,000
| New | +$4.16M |
|
|
36
LendingTree
TREE
$451M
| $3.63M | 0.07% |
11,060
-32,100
| -74% | -$11.6M |
|
37
Synchrony
SYF
$25.6B
| $3.48M | 0.07% |
103,810
+34,500
| +50% | +$1.28M |
|
38
M&T Bank
MTB
$36.2B
| $3.46M | 0.07% |
18,750
+3,750
| +25% | +$699K |
|
|
TPGE.U
39
DELISTED
TPG Pace Energy Holdings Corp.
TPGE.U
| $3.2M | 0.06% |
300,000
| – | – |
|
40
Bank of America
BAC
$442B
| $2.55M | 0.05% |
+85,000
| New | +$2.67M |
|
|
CMA
41
DELISTED
Comerica
CMA
| $2.38M | 0.05% |
+24,800
| New | +$2.36M |
|
42
Cisco
CSCO
$479B
| $2.27M | 0.04% |
+53,000
| New | +$2.25M |
|
43
Fidelity National Financial
FNF
$13.5B
| $2.2M | 0.04% |
57,200
+45,804
| +402% | +$1.74M |
|
44
FedEx
FDX
$75.4B
| $2.16M | 0.04% |
+9,000
| New | +$2.28M |
|
45
SPDR Gold Trust
GLD
$141B
| $1.89M | 0.04% |
15,000
-5,000
| -25% | -$631K |
|
46
Dominion Energy
D
$59.3B
| $1.58M | 0.03% |
+23,500
| New | +$1.74M |
|
47
Centene
CNC
$32.5B
| $1.38M | 0.03% |
+25,800
| New | +$1.35M |
|
48
Ciena
CIEN
$58.4B
| $1.29M | 0.03% |
+50,000
| New | +$1.18M |
|
|
NVRO
49
DELISTED
NEVRO CORP.
NVRO
| $1.21M | 0.02% |
+14,000
| New | +$1.13M |
|
|
WLH
50
DELISTED
WILLIAM LYON HOMES
WLH
| $1.1M | 0.02% |
+40,000
| New | +$1.11M |
|
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Advent Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Advent Capital Management held 325 positions worth $5.09B, down 2.5% from $5.22B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Advent Capital Management withdrew a net $4.41B in Q1 2018, closing 54 positions and reducing 27 holdings. Its most notable exit was Welltower Inc., an estimated $19.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 0.76% of assets, up from 0.48% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Advent Capital Management opened a new position in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value worth $34.6M.
- Advent Capital Management's largest Q1 2018 buy was Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value: 333,100 shares worth $34.6M.
- Advent Capital Management added most to Stanley Black & Decker, Inc. Corporate Units in Q1 2018, an estimated $15.1M increase.
- Advent Capital Management's biggest Q1 2018 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $25.4M.
- Advent Capital Management fully exited Welltower Inc. in Q1 2018, selling an estimated $19.6M.
- Advent Capital Management's ten largest holdings make up 17% of its $5.09B portfolio in Q1 2018.
- Advent Capital Management opened 58 new positions and closed 54 in Q1 2018.
- Advent Capital Management's portfolio value fell 2.5% quarter-over-quarter to $5.09B.
Based on Advent Capital Management's 13F filing for Q1 2018, filed 11 May 2018.