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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
-0.26%
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
$5.09B
AUM Growth
-$128M
(-2.5%)
Cap. Flow
-$4.41B
Cap. Flow
% of AUM
-86.62%
Top 10 Holdings %
Top 10 Hldgs %
16.95%
Holding
325
New
58
Increased
13
Reduced
27
Closed
54
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
|
+$34.2M |
| 2 |
HES.PRA
Hess Corporation
HES.PRA
|
+$16.7M |
| 3 |
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
|
+$15.1M |
| 4 |
Caterpillar
CAT
|
+$9.54M |
| 5 |
United Rentals
URI
|
+$9.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$25.4M |
| 2 |
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
|
+$22.2M |
| 3 |
WELL.PRI
Welltower Inc.
WELL.PRI
|
+$19.6M |
| 4 |
AMT.PRB
American Tower Corporation
AMT.PRB
|
+$12.9M |
| 5 |
LendingTree
TREE
|
+$11.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 0.76% |
| 2 | Financials | 0.69% |
| 3 | Consumer Discretionary | 0.62% |
| 4 | Healthcare | 0.44% |
| 5 | Technology | 0.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
LyondellBasell Industries
LYB
$19.2B
| $1.06M | 0.02% |
+10,000
| New | +$1.12M |
|
52
Bristol-Myers Squibb
BMY
$132B
| $1.01M | 0.02% |
+16,000
| New | +$1.03M |
|
53
Meta Platforms (Facebook)
META
$1.51T
| $959K | 0.02% |
+6,000
| New | +$1.08M |
|
|
TWX
54
DELISTED
Time Warner Inc
TWX
| $915K | 0.02% |
9,670
-28,000
| -74% | -$2.64M |
|
55
Becton Dickinson
BDX
$48.2B
| $867K | 0.02% |
+4,100
| New | +$898K |
|
|
VRNT
56
DELISTED
Verint Systems
VRNT
| $852K | 0.02% |
+39,260
| New | +$808K |
|
57
Norwegian Cruise Line
NCLH
$8.84B
| $795K | 0.02% |
+15,000
| New | +$853K |
|
58
Citigroup
C
$226B
| $743K | 0.01% |
+11,000
| New | +$827K |
|
59
Intel
INTC
$513B
| $729K | 0.01% |
+14,000
| New | +$665K |
|
60
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
| $689K | 0.01% |
+25,000
| New | +$720K |
|
61
AbbVie
ABBV
$435B
| $568K | 0.01% |
6,000
-33,243
| -85% | -$3.65M |
|
62
Morgan Stanley
MS
$340B
| $540K | 0.01% |
10,000
-48,693
| -83% | -$2.7M |
|
|
NAV
63
DELISTED
Navistar International
NAV
| $525K | 0.01% |
15,000
-4,478
| -23% | -$180K |
|
64
MarineMax
HZO
$788M
| $486K | 0.01% |
+25,000
| New | +$515K |
|
|
CZR
65
DELISTED
Caesars Entertainment Corporation
CZR
| $471K | 0.01% |
41,831
-15,000
| -26% | -$193K |
|
|
AL
66
DELISTED
Air Lease Corp
AL
| $469K | 0.01% |
+11,000
| New | +$505K |
|
67
Incyte
INCY
$24.4B
| $417K | 0.01% |
5,000
-34,500
| -87% | -$3.11M |
|
68
American Airlines Group
AAL
$10.6B
| $364K | 0.01% |
+7,000
| New | +$375K |
|
69
Hain Celestial
HAIN
$53.7M
| $305K | 0.01% |
9,500
-20,500
| -68% | -$745K |
|
|
SC
70
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $293K | 0.01% |
18,000
-12,000
| -40% | -$207K |
|
71
LGI Homes
LGIH
$1.4B
| $289K | 0.01% |
+4,100
| New | +$277K |
|
|
FLXN
72
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $224K | ﹤0.01% |
10,000
-174,267
| -95% | -$4.25M |
|
|
AABA
73
DELISTED
Altaba Inc
AABA
| $189K | ﹤0.01% |
+2,550
| New | +$192K |
|
74
Pfizer
PFE
$153B
| $177K | ﹤0.01% |
+5,270
| New | +$181K |
|
75
PUT
State Street SPDR NYSE Technology ETF
XNTK
$2.23B
| $69K | ﹤0.01% |
+1,000
| New | +$90.8K |
|
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Advent Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Advent Capital Management held 325 positions worth $5.09B, down 2.5% from $5.22B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Advent Capital Management withdrew a net $4.41B in Q1 2018, closing 54 positions and reducing 27 holdings. Its most notable exit was Welltower Inc., an estimated $19.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 0.76% of assets, up from 0.48% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Advent Capital Management opened a new position in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value worth $34.6M.
- Advent Capital Management's largest Q1 2018 buy was Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value: 333,100 shares worth $34.6M.
- Advent Capital Management added most to Stanley Black & Decker, Inc. Corporate Units in Q1 2018, an estimated $15.1M increase.
- Advent Capital Management's biggest Q1 2018 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $25.4M.
- Advent Capital Management fully exited Welltower Inc. in Q1 2018, selling an estimated $19.6M.
- Advent Capital Management's ten largest holdings make up 17% of its $5.09B portfolio in Q1 2018.
- Advent Capital Management opened 58 new positions and closed 54 in Q1 2018.
- Advent Capital Management's portfolio value fell 2.5% quarter-over-quarter to $5.09B.
Based on Advent Capital Management's 13F filing for Q1 2018, filed 11 May 2018.