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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
+0.87%
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
$4.53B
AUM Growth
+$400M
Cap. Flow
-$3.29B
Cap. Flow %
-72.53%
Top 10 Hldgs %
20.67%
Holding
269
New
39
Increased
19
Reduced
20
Closed
56

Top Buys

Rank Stock Value
1
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
+$48.8M
2
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$35.2M
3
ENR.PRA
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
+$20.8M
4
BA icon
Boeing
BA
+$19.8M
5
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
+$19.6M

Top Sells

Rank Stock Value
1
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$48.7M
2
DCUD
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
+$15.3M
3
WMT icon
Walmart Inc
WMT
+$9.21M
4
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$8.65M
5
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$5.8M

Sector Composition

Rank Sector Weight
1 Industrials 0.29%
2 Consumer Discretionary 0.27%
3 Healthcare 0.22%
4 Financials 0.21%
5 Communication Services 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SIX
26
DELISTED
Six Flags Entertainment Corp.
SIX
$3.95M 0.09%
80,000
-25,000
-24% -$1.41M
CMA
27
DELISTED
Comerica
CMA
$3.3M 0.07%
+45,000
New +$3.61M
CELG
28
DELISTED
Celgene Corp
CELG
$2.64M 0.06%
+28,000
New +$2.45M
TDOC icon
29
Teladoc Health
TDOC
$1.3B
$2.5M 0.06%
45,000
+10,000
+29% +$611K
AVK
30
Advent Convertible and Income Fund
AVK
$563M
$2.01M 0.04%
139,672
+36,972
+36% +$509K
TTWO icon
31
Take-Two Interactive
TTWO
$46.1B
$1.42M 0.03%
+15,000
New +$1.45M
CIEN icon
32
Ciena
CIEN
$58.4B
$1.31M 0.03%
+35,000
New +$1.36M
CZR
33
DELISTED
Caesars Entertainment Corporation
CZR
$1M 0.02%
115,267
+37,626
+48% +$326K
HYG icon
34
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$865K 0.02%
+10,000
New +$849K
MSFT icon
35
Microsoft
MSFT
$3.71T
$743K 0.02%
6,296
+3,596
+133% +$392K
PARA
36
DELISTED
Paramount Global Class B
PARA
$690K 0.02%
14,519
-14,129
-49% -$688K
DHR icon
37
Danaher
DHR
$144B
$528K 0.01%
+4,512
New +$463K
AIZ icon
38
Assurant
AIZ
$14.3B
$475K 0.01%
+5,000
New +$484K
BKNG icon
39
Booking.com
BKNG
$161B
$436K 0.01%
+6,250
New +$446K
FNF icon
40
Fidelity National Financial
FNF
$13.5B
$402K 0.01%
+11,440
New +$383K
MS icon
41
Morgan Stanley
MS
$340B
$401K 0.01%
9,500
-60,500
-86% -$2.55M
BCO icon
42
Brink's
BCO
$4.62B
$385K 0.01%
5,100
-9,400
-65% -$699K
WDC icon
43
Western Digital
WDC
$150B
$318K 0.01%
+8,757
New +$300K
FMBI
44
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$314K 0.01%
15,356
-2,644
-15% -$57.7K
NPTN
45
DELISTED
NEOPHOTONICS CORP
NPTN
$252K 0.01%
+40,000
New +$280K
SRPT icon
46
Sarepta Therapeutics
SRPT
$1.77B
$238K 0.01%
+2,000
New +$257K
WBD icon
47
Warner Bros
WBD
$67.1B
$230K 0.01%
+8,500
New +$236K
MGM icon
48
MGM Resorts International
MGM
$11.2B
$205K ﹤0.01%
+8,000
New +$219K
FCX icon
49
Freeport-McMoran
FCX
$97.5B
$193K ﹤0.01%
+15,000
New +$181K
KBH icon
50
KB Home
KBH
$3.59B
$172K ﹤0.01%
7,102
-1,240
-15% -$27.5K
1
2
3 4 5

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Advent Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Advent Capital Management held 269 positions worth $4.53B, up 9.7% from $4.13B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Advent Capital Management withdrew a net $3.29B in Q1 2019, closing 56 positions and reducing 20 holdings. Its most notable exit was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 0.29% of assets, down from 0.48% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Advent Capital Management opened a new position in Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A worth $49.6M.

  • Advent Capital Management's largest Q1 2019 buy was Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A: 47,269 shares worth $49.6M.
  • Advent Capital Management added most to Boeing in Q1 2019, an estimated $19.8M increase.
  • Advent Capital Management's biggest Q1 2019 reduction was Dominion Energy, Inc 2016 Series A Corporate Units, cutting an estimated $15.3M.
  • Advent Capital Management fully exited Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6 in Q1 2019, selling an estimated $48.7M.
  • Advent Capital Management's ten largest holdings make up 21% of its $4.53B portfolio in Q1 2019.
  • Advent Capital Management opened 39 new positions and closed 56 in Q1 2019.
  • Advent Capital Management's portfolio value rose 9.7% quarter-over-quarter to $4.53B.

Based on Advent Capital Management's 13F filing for Q1 2019, filed 15 May 2019.