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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
+1.33%
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
+$268M
Cap. Flow
-$3.32B
Cap. Flow %
-73.19%
Top 10 Hldgs %
28.71%
Holding
192
New
21
Increased
12
Reduced
14
Closed
18

Top Buys

Rank Stock Value
1
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$36M
2
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$20.8M
3
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$9.68M
4
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$9.53M
5
PCGU
PG&E Corporation
PCGU
+$7.55M

Top Sells

Rank Stock Value
1
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$21.3M
2
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$15.6M
3
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$14.6M
4
SOLN
The Southern Company
SOLN
+$10.4M
5
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$8.81M

Sector Composition

Rank Sector Weight
1 Utilities 0.6%
2 Healthcare 0.29%
3 Technology 0.29%
4 Industrials 0.22%
5 Financials 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABBV icon
26
AbbVie
ABBV
$435B
$3.5M 0.08%
40,000
+5,000
+14% +$471K
CFXA
27
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
$3.36M 0.07%
+25,000
New +$3.42M
ON icon
28
ON Semiconductor
ON
$31.6B
$3.25M 0.07%
+150,000
New +$3.18M
FCX icon
29
Freeport-McMoran
FCX
$97.5B
$3.17M 0.07%
+202,500
New +$2.92M
V icon
30
Visa
V
$677B
$3M 0.07%
+15,000
New +$3M
GLPI icon
31
Gaming and Leisure Properties
GLPI
$12.8B
$2.8M 0.06%
75,936
+75,446
+15,397% +$2.74M
PNC icon
32
PNC Financial Services
PNC
$101B
$2.75M 0.06%
+25,000
New +$2.69M
MSFT icon
33
Microsoft
MSFT
$3.71T
$2.52M 0.06%
+12,000
New +$2.52M
MRK icon
34
Merck
MRK
$318B
$2.49M 0.05%
31,440
-27,772
-47% -$2.18M
KO icon
35
Coca-Cola
KO
$375B
$2.47M 0.05%
50,000
– –
LVS icon
36
Las Vegas Sands
LVS
$29.6B
$2.33M 0.05%
+50,000
New +$2.39M
DD icon
37
DuPont de Nemours
DD
$19.2B
$2.22M 0.05%
+31,867
New +$2.23M
AVK
38
Advent Convertible and Income Fund
AVK
$563M
$2.11M 0.05%
157,180
– –
LAMR icon
39
Lamar Advertising Co
LAMR
$16.3B
$1.99M 0.04%
+30,000
New +$1.99M
UNP icon
40
Union Pacific
UNP
$174B
$1.97M 0.04%
10,000
-5,000
-33% -$929K
CZR icon
41
Caesars Entertainment
CZR
$6.14B
$1.96M 0.04%
+35,000
New +$1.54M
HCA icon
42
HCA Healthcare
HCA
$89.5B
$1.87M 0.04%
+15,000
New +$1.86M
WGO icon
43
Winnebago Industries
WGO
$909M
$672K 0.01%
+13,000
New +$749K
BMRN icon
44
BioMarin Pharmaceuticals
BMRN
$12.4B
$304K 0.01%
+4,000
New +$405K
STZ icon
45
Constellation Brands
STZ
$23.2B
$284K 0.01%
1,500
– –
SRE.PRB
46
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$228K 0.01%
2,278
-35
-2% -$3.59K
AAL icon
47
PUT
American Airlines Group
AAL
$10.6B
$25K ﹤0.01%
+4,000
New +$50.1K
BLMN icon
48
PUT
Bloomin' Brands
BLMN
$938M
$10K ﹤0.01%
1,000
+600
+150% +$7.76K
LUV icon
49
PUT
Southwest Airlines
LUV
$23B
$7K ﹤0.01%
500
+300
+150% +$10.7K
FCX icon
50
PUT
Freeport-McMoran
FCX
$97.5B
$3K ﹤0.01%
+525
New +$7.57K
1
2
3

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Advent Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Advent Capital Management held 192 positions worth $4.53B, up 6.3% from $4.27B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Advent Capital Management withdrew a net $3.32B in Q3 2020, closing 18 positions and reducing 14 holdings. Its most notable exit was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, an estimated $14.6M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 0.6% of assets, down from 0.84% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Advent Capital Management opened a new position in NextEra Energy, Inc. 6.219% Corporate Units worth $35.8M.

  • Advent Capital Management's largest Q3 2020 buy was NextEra Energy, Inc. 6.219% Corporate Units: 755,500 shares worth $35.8M.
  • Advent Capital Management added most to NextEra Energy, Inc. 5.279% Corporate Units in Q3 2020, an estimated $9.68M increase.
  • Advent Capital Management's biggest Q3 2020 reduction was NextEra Energy, Inc. 4.872% Corporate Units, cutting an estimated $21.3M.
  • Advent Capital Management fully exited Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in Q3 2020, selling an estimated $14.6M.
  • Advent Capital Management's ten largest holdings make up 29% of its $4.53B portfolio in Q3 2020.
  • Advent Capital Management opened 21 new positions and closed 18 in Q3 2020.
  • Advent Capital Management's portfolio value rose 6.3% quarter-over-quarter to $4.53B.

Based on Advent Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.