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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
-0.71%
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
$4.3B
AUM Growth
-$869M
Cap. Flow
-$4.37B
Cap. Flow %
-101.69%
Top 10 Hldgs %
26.13%
Holding
253
New
22
Increased
7
Reduced
10
Closed
54

Top Buys

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
+$58.4M
2
APO.PRA
Apollo Global Management Series A
APO.PRA
+$43.6M
3
LEN icon
Lennar Class A
LEN
+$4.24M
4
RH icon
RH
RH
+$3.82M
5
SPG icon
Simon Property Group
SPG
+$3.51M

Top Sells

Rank Stock Value
1
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$71M
2
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$67.3M
3
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$66.8M
4
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$32.2M
5
GTLS.PRB
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
+$17.5M

Sector Composition

Rank Sector Weight
1 Technology 0.33%
2 Consumer Discretionary 0.19%
3 Industrials 0.18%
4 Financials 0.17%
5 Healthcare 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETN icon
26
Eaton
ETN
$174B
$2.13M 0.05%
10,000
-5,000
-33% -$1.08M
AFRM icon
27
PUT
Affirm
AFRM
$25.2B
$2.13M 0.05%
+100,000
New +$1.83M
FTHY
28
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$498M
$2M 0.05%
150,000
– –
DDOG icon
29
CALL
Datadog
DDOG
$84B
$1.82M 0.04%
+20,000
New +$1.98M
PNC icon
30
PNC Financial Services
PNC
$101B
$1.6M 0.04%
13,000
– –
ULCC icon
31
CALL
Frontier Group Holdings
ULCC
$1.7B
$1.5M 0.03%
310,100
+100,000
+48% +$749K
LGIH icon
32
LGI Homes
LGIH
$1.4B
$1.49M 0.03%
+15,000
New +$1.86M
COP icon
33
ConocoPhillips
COP
$141B
$1.2M 0.03%
+10,000
New +$1.16M
AQNU
34
DELISTED
Algonquin Power & Utilities Corp Units
AQNU
$1.2M 0.03%
55,000
-294,873
-84% -$7.94M
ALTR
35
DELISTED
Altair Engineering Inc
ALTR
$1.09M 0.03%
+17,400
New +$1.17M
FTCH
36
CALL
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
$1.04M 0.02%
500,000
+300,000
+150% +$1.22M
MU icon
37
CALL
Micron Technology
MU
$991B
$1.02M 0.02%
+15,000
New +$1M
CNMD icon
38
PUT
CONMED
CNMD
$1.47B
$1.01M 0.02%
+10,000
New +$1.15M
TJX icon
39
CALL
TJX Companies
TJX
$178B
$889K 0.02%
10,000
-132,500
-93% -$11.7M
RIG icon
40
CALL
Transocean
RIG
$5.82B
$821K 0.02%
+100,000
New +$817K
SOFI icon
41
CALL
SoFi Technologies
SOFI
$23.7B
$799K 0.02%
+100,000
New +$879K
SLG icon
42
PUT
SL Green Realty
SLG
$3.99B
$298K 0.01%
+8,000
New +$287K
MANU icon
43
Manchester United
MANU
$3.73B
$99K ﹤0.01%
5,000
-5,000
-50% -$109K
XYZ
44
Block Inc
XYZ
$47.5B
$92.9K ﹤0.01%
+2,100
New +$130K
FTCH
45
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
$76.5K ﹤0.01%
+36,580
New +$149K
GRABW icon
46
Grab Holdings Warrant
GRABW
$738K
$58.8K ﹤0.01%
170,314
– –
NEO icon
47
NeoGenomics
NEO
$2.13B
$55.4K ﹤0.01%
+4,500
New +$66.9K
BE icon
48
Bloom Energy
BE
$64.6B
$464 ﹤0.01%
+35
New +$549
AMGN icon
49
Amgen
AMGN
$222B
– –
-7,000
Closed -$1.55M
AVK
50
Advent Convertible and Income Fund
AVK
$563M
– –
-60,642
Closed -$692K
1
2
3 4 5

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Advent Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Advent Capital Management held 253 positions worth $4.3B, down 17% from $5.17B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Advent Capital Management withdrew a net $4.37B in Q3 2023, closing 54 positions and reducing 10 holdings. Its most notable exit was KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock, an estimated $71M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.33% of assets, up from 0.13% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Advent Capital Management opened a new position in Apollo Global Management Series A worth $44.4M.

  • Advent Capital Management's largest Q3 2023 buy was Apollo Global Management Series A: 807,500 shares worth $44.4M.
  • Advent Capital Management added most to NextEra Energy, Inc. 6.926% Corporate Units in Q3 2023, an estimated $58.4M increase.
  • Advent Capital Management's biggest Q3 2023 reduction was Chart Industries 6.75% Series B Preferred Stock, cutting an estimated $17.5M.
  • Advent Capital Management fully exited KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock in Q3 2023, selling an estimated $71M.
  • Advent Capital Management's ten largest holdings make up 26% of its $4.3B portfolio in Q3 2023.
  • Advent Capital Management opened 22 new positions and closed 54 in Q3 2023.
  • Advent Capital Management's portfolio value fell 17% quarter-over-quarter to $4.3B.

Based on Advent Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.