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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
-1.12%
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
$4.13B
AUM Growth
-$719M
Cap. Flow
-$3.8B
Cap. Flow %
-92.02%
Top 10 Hldgs %
20.24%
Holding
359
New
40
Increased
25
Reduced
28
Closed
118

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$33.3M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$31.9M
3
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$28.2M
4
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$22.4M
5
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$7.59M

Top Sells

Rank Stock Value
1
SRE.PRB
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
+$8.59M
2
HES.PRA
Hess Corporation
HES.PRA
+$8.43M
3
DIS icon
Walt Disney
DIS
+$6.32M
4
LAZ icon
Lazard
LAZ
+$5.63M
5
VZ icon
Verizon
VZ
+$5.34M

Sector Composition

Rank Sector Weight
1 Industrials 0.48%
2 Communication Services 0.48%
3 Consumer Discretionary 0.45%
4 Consumer Staples 0.33%
5 Healthcare 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BA icon
26
Boeing
BA
$185B
$4.51M 0.11%
+14,000
New +$4.84M
BG icon
27
Bunge Global
BG
$20.8B
$4.09M 0.1%
76,500
+3,600
+5% +$222K
GM icon
28
General Motors
GM
$76.8B
$3.35M 0.08%
100,000
+24,930
+33% +$860K
WY icon
29
Weyerhaeuser
WY
$18.4B
$3.28M 0.08%
150,000
+149,846
+97,303% +$3.99M
MS icon
30
Morgan Stanley
MS
$340B
$2.78M 0.07%
+70,000
New +$3.05M
LYB icon
31
LyondellBasell Industries
LYB
$19.2B
$2.67M 0.06%
+32,100
New +$2.94M
DIS icon
32
Walt Disney
DIS
$181B
$2.46M 0.06%
22,404
-55,596
-71% -$6.32M
URI icon
33
United Rentals
URI
$72.4B
$2.41M 0.06%
23,500
-16,500
-41% -$1.99M
WYNN icon
34
Wynn Resorts
WYNN
$10.6B
$2.14M 0.05%
21,617
-21,471
-50% -$2.32M
TDOC icon
35
Teladoc Health
TDOC
$1.3B
$1.74M 0.04%
+35,000
New +$2.14M
AVK
36
Advent Convertible and Income Fund
AVK
$563M
$1.25M 0.03%
102,700
+20,540
+25% +$278K
PARA
37
DELISTED
Paramount Global Class B
PARA
$1.25M 0.03%
28,648
-16,372
-36% -$870K
BCO icon
38
Brink's
BCO
$4.62B
$937K 0.02%
+14,500
New +$957K
LEA icon
39
Lear
LEA
$8.18B
$860K 0.02%
+7,000
New +$936K
PFE icon
40
Pfizer
PFE
$153B
$655K 0.02%
15,810
+15,640
+9,200% +$649K
RPD icon
41
Rapid7
RPD
$773M
$623K 0.02%
20,000
-7,500
-27% -$245K
CZR
42
DELISTED
Caesars Entertainment Corporation
CZR
$527K 0.01%
77,641
-7,640
-9% -$64.4K
SRE.PRA
43
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
$526K 0.01%
5,450
+100
+2% +$10.1K
LOW icon
44
Lowe's Companies
LOW
$125B
$462K 0.01%
+5,000
New +$482K
TAP icon
45
Molson Coors Class B
TAP
$8.09B
$449K 0.01%
8,000
-12,000
-60% -$739K
CAT icon
46
Caterpillar
CAT
$387B
$365K 0.01%
2,870
-34,530
-92% -$4.49M
FMBI
47
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$357K 0.01%
18,000
-15,000
-45% -$345K
SPY icon
48
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$284K 0.01%
+800
New +$216K
VIA
49
DELISTED
Viacom Inc. Class A
VIA
$278K 0.01%
10,000
– –
MSFT icon
50
Microsoft
MSFT
$3.71T
$274K 0.01%
2,700
+2,637
+4,186% +$282K
1
2
3 4 5

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Advent Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Advent Capital Management held 359 positions worth $4.13B, down 15% from $4.85B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $3.8B in Q4 2018, closing 118 positions and reducing 28 holdings. Its most notable exit was Lazard, an estimated $5.63M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 0.48% of assets, down from 0.51% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Advent Capital Management opened a new position in CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S worth $22.4M.

  • Advent Capital Management's largest Q4 2018 buy was CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S: 445,050 shares worth $22.4M.
  • Advent Capital Management added most to Bank of America Series L in Q4 2018, an estimated $33.3M increase.
  • Advent Capital Management's biggest Q4 2018 reduction was Sempra 6.75% Mandatory Convertible Preferred Stock, Series B, cutting an estimated $8.59M.
  • Advent Capital Management fully exited Lazard in Q4 2018, selling an estimated $5.63M.
  • Advent Capital Management's ten largest holdings make up 20% of its $4.13B portfolio in Q4 2018.
  • Advent Capital Management opened 40 new positions and closed 118 in Q4 2018.
  • Advent Capital Management's portfolio value fell 15% quarter-over-quarter to $4.13B.

Based on Advent Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.