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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
+0.82%
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
$5.34B
AUM Growth
+$170M
Cap. Flow
-$4.19B
Cap. Flow %
-78.45%
Top 10 Hldgs %
21.87%
Holding
244
New
28
Increased
13
Reduced
12
Closed
31

Top Buys

Rank Stock Value
1
SOLN
The Southern Company
SOLN
+$72.9M
2
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$45.7M
3
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$16.8M
4
DAL icon
Delta Air Lines
DAL
+$5.92M
5
LVS icon
Las Vegas Sands
LVS
+$5.83M

Top Sells

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$54.6M
2
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
+$33.7M
3
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$14.5M
4
DTV
DTE Energy Company 2016 Corporate Units
DTV
+$14.2M
5
CHNGU
Change Healthcare Inc. Tangible Equity Units
CHNGU
+$9.9M

Sector Composition

Rank Sector Weight
1 Utilities 1.4%
2 Consumer Discretionary 0.32%
3 Industrials 0.28%
4 Communication Services 0.12%
5 Technology 0.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WDC icon
26
Western Digital
WDC
$150B
$4.47M 0.08%
+99,225
New +$4.24M
AIZP
27
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
$3.82M 0.07%
30,484
-279,510
-90% -$33.7M
APO icon
28
Apollo Global Management
APO
$73.4B
$3.78M 0.07%
+100,000
New +$3.64M
BABA icon
29
Alibaba
BABA
$308B
$3.35M 0.06%
20,000
-5,200
-21% -$894K
UAL icon
30
United Airlines
UAL
$42.1B
$2.44M 0.05%
+27,575
New +$2.44M
AVK
31
Advent Convertible and Income Fund
AVK
$563M
$1.98M 0.04%
139,672
– –
ETN icon
32
Eaton
ETN
$174B
$1.66M 0.03%
+20,000
New +$1.62M
WYNN icon
33
Wynn Resorts
WYNN
$10.6B
$1.63M 0.03%
+15,000
New +$1.79M
STZ icon
34
Constellation Brands
STZ
$23.2B
$622K 0.01%
+3,000
New +$602K
NRG icon
35
NRG Energy
NRG
$24.8B
$594K 0.01%
+15,000
New +$542K
MNDT
36
DELISTED
Mandiant, Inc. Common Stock
MNDT
$429K 0.01%
+32,129
New +$456K
KR icon
37
Kroger
KR
$34.8B
$387K 0.01%
15,000
– –
NCLH icon
38
Norwegian Cruise Line
NCLH
$8.84B
$259K ﹤0.01%
+5,000
New +$254K
NOK icon
39
Nokia
NOK
$52.3B
$253K ﹤0.01%
50,000
– –
WBD icon
40
Warner Bros
WBD
$67.1B
$226K ﹤0.01%
8,500
– –
HZO icon
41
MarineMax
HZO
$788M
$222K ﹤0.01%
14,335
+7,500
+110% +$115K
FNF icon
42
Fidelity National Financial
FNF
$13.5B
$178K ﹤0.01%
4,160
-6,240
-60% -$260K
SPY icon
43
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$159K ﹤0.01%
1,800
+50
+3% +$14.8K
TWTR
44
CALL
DELISTED
Twitter, Inc.
TWTR
$116K ﹤0.01%
+500
New +$20.4K
VIA
45
DELISTED
Viacom Inc. Class A
VIA
$112K ﹤0.01%
4,281
– –
SCPL
46
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
$107K ﹤0.01%
+10,000
New +$109K
AYX
47
PUT
DELISTED
Alteryx Inc
AYX
$38K ﹤0.01%
+100
New +$12.4K
SNAP icon
48
CALL
Snap
SNAP
$9.01B
$34K ﹤0.01%
+600
New +$9.61K
WYNN icon
49
PUT
Wynn Resorts
WYNN
$10.6B
$29K ﹤0.01%
+150
New +$17.9K
XYZ
50
CALL
Block Inc
XYZ
$47.5B
$25K ﹤0.01%
+750
New +$50.9K
1
2
3 4

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Advent Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Advent Capital Management held 244 positions worth $5.34B, up 3.3% from $5.17B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Advent Capital Management withdrew a net $4.19B in Q3 2019, closing 31 positions and reducing 12 holdings. Its most notable exit was NextEra Energy, Inc., an estimated $54.6M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 1.4% of assets, followed by Consumer Discretionary and Industrials.

Against the trend, Advent Capital Management opened a new position in The Southern Company worth $74.4M.

  • Advent Capital Management's largest Q3 2019 buy was The Southern Company: 1,389,715 shares worth $74.4M.
  • Advent Capital Management added most to Bank of America Series L in Q3 2019, an estimated $16.8M increase.
  • Advent Capital Management's biggest Q3 2019 reduction was Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value, cutting an estimated $33.7M.
  • Advent Capital Management fully exited NextEra Energy, Inc. in Q3 2019, selling an estimated $54.6M.
  • Advent Capital Management's ten largest holdings make up 22% of its $5.34B portfolio in Q3 2019.
  • Advent Capital Management opened 28 new positions and closed 31 in Q3 2019.
  • Advent Capital Management's portfolio value rose 3.3% quarter-over-quarter to $5.34B.

Based on Advent Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.