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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
+1.29%
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
$4.27B
AUM Growth
-$332M
Cap. Flow
-$3.49B
Cap. Flow %
-81.77%
Top 10 Hldgs %
30.33%
Holding
212
New
17
Increased
8
Reduced
14
Closed
39

Top Buys

Rank Stock Value
1
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$19.3M
2
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$14.5M
3
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
+$8.54M
4
WMT icon
Walmart Inc
WMT
+$4.32M
5
MDT icon
Medtronic
MDT
+$3.84M

Top Sells

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$63M
2
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
+$29.3M
3
FTV.PRA
Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A
FTV.PRA
+$17.4M
4
GFLU
GFL Environmental Inc. Tangible Equity Units
GFLU
+$10.7M
5
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$9.87M

Sector Composition

Rank Sector Weight
1 Utilities 0.84%
2 Healthcare 0.37%
3 Consumer Staples 0.16%
4 Industrials 0.13%
5 Communication Services 0.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HON icon
26
Honeywell
HON
$78B
$2.89M 0.07%
+21,220
New +$2.81M
UNP icon
27
Union Pacific
UNP
$174B
$2.54M 0.06%
15,000
– –
AZO icon
28
AutoZone
AZO
$51.1B
$2.26M 0.05%
+2,000
New +$2.11M
KO icon
29
Coca-Cola
KO
$375B
$2.23M 0.05%
+50,000
New +$2.3M
AVK
30
Advent Convertible and Income Fund
AVK
$563M
$2M 0.05%
157,180
– –
CWB icon
31
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.69B
$488K 0.01%
8,060
– –
UNH icon
32
UnitedHealth
UNH
$370B
$383K 0.01%
1,300
-1,200
-48% -$344K
NBIS
33
Nebius Group N.V.
NBIS
$47.7B
$325K 0.01%
6,500
– –
STZ icon
34
Constellation Brands
STZ
$23.2B
$262K 0.01%
1,500
– –
SRE.PRB
35
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$227K 0.01%
2,313
-27,709
-92% -$2.81M
MNDT
36
DELISTED
Mandiant, Inc. Common Stock
MNDT
$73K ﹤0.01%
6,000
– –
SPY icon
37
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$44K ﹤0.01%
700
-1,800
-72% -$527K
BLMN icon
38
PUT
Bloomin' Brands
BLMN
$938M
$22K ﹤0.01%
+400
New +$4.14K
BDX icon
39
Becton Dickinson
BDX
$48.2B
$20K ﹤0.01%
+86
New +$20.7K
GLPI icon
40
Gaming and Leisure Properties
GLPI
$12.8B
$17K ﹤0.01%
490
-99,510
-100% -$3.1M
AAPL icon
41
PUT
Apple
AAPL
$4.57T
$6K ﹤0.01%
+620
New +$48K
GKOS icon
42
PUT
Glaukos
GKOS
$10.6B
$6K ﹤0.01%
+100
New +$3.72K
M icon
43
PUT
Macy's
M
$6.68B
$3K ﹤0.01%
+1,000
New +$6.16K
SBUX icon
44
CALL
Starbucks
SBUX
$120B
$3K ﹤0.01%
420
-80
-16% -$6.01K
LUV icon
45
PUT
Southwest Airlines
LUV
$23B
$2K ﹤0.01%
+200
New +$6.36K
NCLH icon
46
PUT
Norwegian Cruise Line
NCLH
$8.84B
$2K ﹤0.01%
+300
New +$4.39K
TWTR
47
PUT
DELISTED
Twitter, Inc.
TWTR
$1K ﹤0.01%
+200
New +$6.03K
AMD icon
48
Advanced Micro Devices
AMD
$789B
– –
-60,000
Closed -$2.73M
AMZN icon
49
CALL
Amazon
AMZN
$2.96T
– –
-200
Closed -$166K
BC icon
50
Brunswick
BC
$5.28B
– –
-40,000
Closed -$1.42M
1
2
3 4

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Advent Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Advent Capital Management held 212 positions worth $4.27B, down 7.2% from $4.6B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Advent Capital Management withdrew a net $3.49B in Q2 2020, closing 39 positions and reducing 14 holdings. Its most notable exit was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, an estimated $63M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 0.84% of assets, down from 0.93% a quarter earlier, followed by Healthcare and Consumer Staples.

Against the trend, Advent Capital Management opened a new position in Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A worth $18.9M.

  • Advent Capital Management's largest Q2 2020 buy was Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A: 180,200 shares worth $18.9M.
  • Advent Capital Management added most to NextEra Energy, Inc. 5.279% Corporate Units in Q2 2020, an estimated $14.5M increase.
  • Advent Capital Management's biggest Q2 2020 reduction was NextEra Energy, Inc. 4.872% Corporate Units, cutting an estimated $9.87M.
  • Advent Capital Management fully exited Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q2 2020, selling an estimated $63M.
  • Advent Capital Management's ten largest holdings make up 30% of its $4.27B portfolio in Q2 2020.
  • Advent Capital Management opened 17 new positions and closed 39 in Q2 2020.
  • Advent Capital Management's portfolio value fell 7.2% quarter-over-quarter to $4.27B.

Based on Advent Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.