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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
AAPL icon
51
PUT
Apple
AAPL
$4.57T
– –
-620
Closed -$6K
AZO icon
52
AutoZone
AZO
$51.1B
– –
-2,000
Closed -$2.26M
BDX icon
53
Becton Dickinson
BDX
$48.2B
– –
-86
Closed -$20K
CI icon
54
Cigna
CI
$74.6B
– –
-20,000
Closed -$3.75M
CWB icon
55
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.69B
– –
-8,060
Closed -$488K
GKOS icon
56
PUT
Glaukos
GKOS
$10.6B
– –
-100
Closed -$6K
M icon
57
PUT
Macy's
M
$6.68B
– –
-1,000
Closed -$3K
NCLH icon
58
PUT
Norwegian Cruise Line
NCLH
$8.84B
– –
-300
Closed -$2K
SBUX icon
59
CALL
Starbucks
SBUX
$120B
– –
-420
Closed -$3K
SPY icon
60
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
– –
-700
Closed -$44K
T icon
61
AT&T
T
$163B
– –
-132,400
Closed -$3.02M
UNH icon
62
UnitedHealth
UNH
$370B
– –
-1,300
Closed -$383K
VLO icon
63
Valero Energy
VLO
$85.9B
– –
-50,000
Closed -$2.94M
WMT icon
64
Walmart Inc
WMT
$890B
– –
-105,000
Closed -$4.19M
NBIS
65
Nebius Group N.V.
NBIS
$47.7B
– –
-6,500
Closed -$325K
TWTR
66
PUT
DELISTED
Twitter, Inc.
TWTR
– –
-200
Closed -$1K
MNDT
67
DELISTED
Mandiant, Inc. Common Stock
MNDT
– –
-6,000
Closed -$73K
CCI.PRA
68
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
– –
-9,816
Closed -$14.6M
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.