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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
+0.02%
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
$5.17B
AUM Growth
-$119M
(-2.2%)
Cap. Flow
-$3.24B
Cap. Flow
% of AUM
-62.63%
Top 10 Holdings %
Top 10 Hldgs %
24.6%
Holding
253
New
59
Increased
–
Reduced
4
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America Series L
BAC.PRL
|
+$216M |
| 2 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$204M |
| 3 |
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
|
+$67.4M |
| 4 |
NIMC
NiSource Inc. Series A Corporate Units
NIMC
|
+$67.2M |
| 5 |
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
|
+$67.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Parker-Hannifin
PH
|
+$4.71M |
| 2 |
Occidental Petroleum
OXY
|
+$3.12M |
| 3 |
PPL
PPL Corp
PPL
|
+$1.66M |
| 4 |
CMA
Comerica
CMA
|
+$1.52M |
| 5 |
iQIYI
IQ
|
+$782K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 0.2% |
| 2 | Energy | 0.18% |
| 3 | Consumer Discretionary | 0.16% |
| 4 | Technology | 0.13% |
| 5 | Financials | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
IBM
IBM
$224B
| $4.01M | 0.08% |
30,000
| – | – |
|
27
CALL
Danaher
DHR
$144B
| $3.6M | 0.07% |
+16,920
| New | +$3.58M |
|
28
Halliburton
HAL
$26.6B
| $3.3M | 0.06% |
100,000
| – | – |
|
29
Honeywell
HON
$78B
| $3.11M | 0.06% |
+15,915
| New | +$2.96M |
|
30
Eaton
ETN
$174B
| $3.02M | 0.06% |
+15,000
| New | +$2.64M |
|
|
31
CALL
Bank of America
BAC
$442B
| $2.87M | 0.06% |
100,000
-100,000
| -50% | -$2.85M |
|
|
32
Bank of America
BAC
$442B
| $2.87M | 0.06% |
+100,000
| New | +$2.85M |
|
33
Verizon
VZ
$196B
| $2.79M | 0.05% |
75,000
| – | – |
|
34
T-Mobile US
TMUS
$190B
| $2.78M | 0.05% |
+20,000
| New | +$2.81M |
|
35
CALL
Hertz
HTZ
$809M
| $2.76M | 0.05% |
+150,000
| New | +$2.46M |
|
36
AbbVie
ABBV
$435B
| $2.69M | 0.05% |
20,000
| – | – |
|
37
Target
TGT
$68B
| $2.64M | 0.05% |
+20,000
| New | +$2.97M |
|
38
CALL
Morgan Stanley
MS
$340B
| $2.56M | 0.05% |
+30,000
| New | +$2.57M |
|
39
EQT Corp
EQT
$32.3B
| $2.47M | 0.05% |
60,000
| – | – |
|
40
Valero Energy
VLO
$85.9B
| $2.35M | 0.05% |
+20,000
| New | +$2.32M |
|
|
RC
41
PUT
Ready Capital
RC
$308M
| $2.26M | 0.04% |
200,000
| – | – |
|
|
GHY
42
PGIM Global High Yield Fund
GHY
$483M
| $2.19M | 0.04% |
200,000
| – | – |
|
43
Expedia Group
EXPE
$37.3B
| $2.19M | 0.04% |
+20,000
| New | +$1.96M |
|
44
CALL
Norwegian Cruise Line
NCLH
$8.84B
| $2.18M | 0.04% |
+100,000
| New | +$1.53M |
|
45
CALL
Southwest Airlines
LUV
$23B
| $2.17M | 0.04% |
+60,000
| New | +$1.88M |
|
46
CALL
Uber
UBER
$153B
| $2.16M | 0.04% |
+50,000
| New | +$1.86M |
|
|
47
Morgan Stanley
MS
$340B
| $2.13M | 0.04% |
+25,000
| New | +$2.14M |
|
|
FTHY
48
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$498M
| $2.06M | 0.04% |
150,000
-1,380
| -0.9% | -$19K |
|
49
CALL
Frontier Group Holdings
ULCC
$1.7B
| $2.03M | 0.04% |
+210,100
| New | +$1.89M |
|
50
CALL
Enphase Energy
ENPH
$5.53B
| $1.84M | 0.04% |
+11,000
| New | +$1.97M |
|
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Advent Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Advent Capital Management held 253 positions worth $5.17B, down 2.2% from $5.29B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Advent Capital Management withdrew a net $3.24B in Q2 2023, closing 25 positions and reducing 4 holdings. Its most notable exit was Parker-Hannifin, an estimated $4.71M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 0.2% of assets, up from 0.16% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Advent Capital Management opened a new position in Bank of America Series L worth $216M.
- Advent Capital Management's largest Q2 2023 buy was Bank of America Series L: 184,072 shares worth $216M.
- Advent Capital Management's biggest Q2 2023 reduction was First Trust High Yield Opportunities 2027 Term Fund, cutting an estimated $19K.
- Advent Capital Management fully exited Parker-Hannifin in Q2 2023, selling an estimated $4.71M.
- Advent Capital Management's ten largest holdings make up 25% of its $5.17B portfolio in Q2 2023.
- Advent Capital Management opened 59 new positions and closed 25 in Q2 2023.
- Advent Capital Management's portfolio value fell 2.2% quarter-over-quarter to $5.17B.
Based on Advent Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.