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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
CHGG icon
51
Chegg
CHGG
$102M
– –
-700
Closed -$25K
VISN
52
CALL
Vistance Networks Inc
VISN
$2.52B
– –
-400
Closed -$11K
DIS icon
53
Walt Disney
DIS
$181B
– –
-60,000
Closed -$5.8M
DLTR icon
54
Dollar Tree
DLTR
$25.2B
– –
-20,000
Closed -$1.47M
EL icon
55
Estee Lauder
EL
$32B
– –
-15,000
Closed -$2.39M
FCX icon
56
CALL
Freeport-McMoran
FCX
$97.5B
– –
-850
Closed -$17K
FNF icon
57
CALL
Fidelity National Financial
FNF
$13.5B
– –
-312
Closed -$8K
FNF icon
58
Fidelity National Financial
FNF
$13.5B
– –
-9,360
Closed -$224K
GES
59
PUT
DELISTED
Guess Inc
GES
– –
-300
Closed -$35K
GS icon
60
CALL
Goldman Sachs
GS
$303B
– –
-100
Closed -$12K
HD icon
61
Home Depot
HD
$355B
– –
-20,000
Closed -$3.73M
PPLI
62
People Inc
PPLI
$3.1B
– –
-3,917
Closed -$125K
LAMR icon
63
Lamar Advertising Co
LAMR
$16.3B
– –
-13,000
Closed -$667K
LRCX icon
64
Lam Research
LRCX
$390B
– –
-100,000
Closed -$2.4M
MCD icon
65
McDonald's
MCD
$195B
– –
-35,000
Closed -$5.79M
MU icon
66
CALL
Micron Technology
MU
$991B
– –
-1,160
Closed -$2K
OEF icon
67
CALL
iShares S&P 100 ETF
OEF
$20.6B
– –
-476
Closed -$20K
PARAA
68
DELISTED
Paramount Global Class A
PARAA
– –
-2,551
Closed -$45K
PEP icon
69
PepsiCo
PEP
$190B
– –
-30,000
Closed -$3.6M
PFE icon
70
CALL
Pfizer
PFE
$153B
– –
-474
Closed -$68K
PFE icon
71
Pfizer
PFE
$153B
– –
-158,100
Closed -$4.9M
QCOM icon
72
CALL
Qualcomm
QCOM
$176B
– –
-505
Closed -$57K
STNG icon
73
CALL
Scorpio Tankers
STNG
$3.81B
– –
-200
Closed -$29K
ULTA icon
74
Ulta Beauty
ULTA
$24.3B
– –
-500
Closed -$88K
VZ icon
75
Verizon
VZ
$196B
– –
-75,000
Closed -$4.03M
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.