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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
-3.18%
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
$4.6B
AUM Growth
-$565M
Cap. Flow
-$3.89B
Cap. Flow %
-84.56%
Top 10 Hldgs %
27.33%
Holding
243
New
31
Increased
11
Reduced
19
Closed
43

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$34.7M
2
SWT
Stanley Black & Decker, Inc.
SWT
+$28.8M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$26.5M
4
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$17.4M
5
CHNGU
Change Healthcare Inc. Tangible Equity Units
CHNGU
+$15.4M

Top Sells

Rank Stock Value
1
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$24.6M
2
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$21.4M
3
ENR.PRA
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
+$7.73M
4
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$7.73M
5
SIX
Six Flags Entertainment Corp.
SIX
+$7.67M

Sector Composition

Rank Sector Weight
1 Utilities 0.93%
2 Communication Services 0.29%
3 Consumer Discretionary 0.24%
4 Healthcare 0.2%
5 Consumer Staples 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AIZP
26
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
$4.75M 0.1%
45,000
+17,266
+62% +$2.09M
VZ icon
27
Verizon
VZ
$196B
$4.03M 0.09%
+75,000
New +$4.29M
MRK icon
28
Merck
MRK
$318B
$3.85M 0.08%
+52,400
New +$4.12M
HD icon
29
Home Depot
HD
$355B
$3.73M 0.08%
+20,000
New +$4.39M
PEP icon
30
PepsiCo
PEP
$190B
$3.6M 0.08%
+30,000
New +$4.05M
T icon
31
AT&T
T
$163B
$2.92M 0.06%
132,400
– –
SRE.PRB
32
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$2.89M 0.06%
30,022
-18,300
-38% -$2.06M
GLPI icon
33
Gaming and Leisure Properties
GLPI
$12.8B
$2.77M 0.06%
+100,000
New +$4.1M
AMD icon
34
Advanced Micro Devices
AMD
$789B
$2.73M 0.06%
+60,000
New +$2.89M
LRCX icon
35
Lam Research
LRCX
$390B
$2.4M 0.05%
+100,000
New +$2.88M
EL icon
36
Estee Lauder
EL
$32B
$2.39M 0.05%
+15,000
New +$2.89M
UNP icon
37
Union Pacific
UNP
$174B
$2.12M 0.05%
+15,000
New +$2.48M
ELAT
38
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$1.81M 0.04%
+43,450
New +$2.08M
AVK
39
Advent Convertible and Income Fund
AVK
$563M
$1.63M 0.04%
157,180
– –
DLTR icon
40
Dollar Tree
DLTR
$25.2B
$1.47M 0.03%
+20,000
New +$1.7M
BC icon
41
Brunswick
BC
$5.28B
$1.42M 0.03%
+40,000
New +$2.12M
LAMR icon
42
Lamar Advertising Co
LAMR
$16.3B
$667K 0.01%
+13,000
New +$1.05M
UNH icon
43
UnitedHealth
UNH
$370B
$623K 0.01%
+2,500
New +$688K
CWB icon
44
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.69B
$386K 0.01%
8,060
– –
WBD icon
45
Warner Bros
WBD
$67.1B
$262K 0.01%
13,500
– –
FNF icon
46
Fidelity National Financial
FNF
$13.5B
$224K ﹤0.01%
9,360
+5,200
+125% +$204K
NBIS
47
Nebius Group N.V.
NBIS
$47.7B
$221K ﹤0.01%
+6,500
New +$268K
STZ icon
48
Constellation Brands
STZ
$23.2B
$215K ﹤0.01%
1,500
– –
AMZN icon
49
CALL
Amazon
AMZN
$2.96T
$166K ﹤0.01%
+200
New +$19.4K
PPLI
50
People Inc
PPLI
$3.1B
$125K ﹤0.01%
3,917
– –
1
2
3 4 5

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Advent Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Advent Capital Management held 243 positions worth $4.6B, down 11% from $5.16B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Advent Capital Management withdrew a net $3.89B in Q1 2020, closing 43 positions and reducing 19 holdings. Its most notable exit was Six Flags Entertainment Corp., an estimated $7.67M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 0.93% of assets, down from 1% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Advent Capital Management opened a new position in NextEra Energy, Inc. 5.279% Corporate Units worth $18.1M.

  • Advent Capital Management's largest Q1 2020 buy was NextEra Energy, Inc. 5.279% Corporate Units: 415,969 shares worth $18.1M.
  • Advent Capital Management added most to Bank of America Series L in Q1 2020, an estimated $34.7M increase.
  • Advent Capital Management's biggest Q1 2020 reduction was Stanley Black & Decker, Inc. Corporate Units, cutting an estimated $24.6M.
  • Advent Capital Management fully exited Six Flags Entertainment Corp. in Q1 2020, selling an estimated $7.67M.
  • Advent Capital Management's ten largest holdings make up 27% of its $4.6B portfolio in Q1 2020.
  • Advent Capital Management opened 31 new positions and closed 43 in Q1 2020.
  • Advent Capital Management's portfolio value fell 11% quarter-over-quarter to $4.6B.

Based on Advent Capital Management's 13F filing for Q1 2020, filed 15 May 2020.