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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
+1.04%
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
$4.69B
AUM Growth
+$159M
Cap. Flow
-$3.97B
Cap. Flow %
-84.63%
Top 10 Hldgs %
23.33%
Holding
220
New
24
Increased
15
Reduced
9
Closed
21

Top Buys

Rank Stock Value
1
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$15.3M
2
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$11.7M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$10.8M
4
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$10.5M
5
CFXA
Colfax Corporation 5.75% Tangible Equity Units
CFXA
+$8.21M

Top Sells

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$196M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$175M
3
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$29.5M
4
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
+$13.1M
5
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$11.3M

Sector Composition

Rank Sector Weight
1 Utilities 0.57%
2 Consumer Discretionary 0.23%
3 Financials 0.23%
4 Industrials 0.17%
5 Healthcare 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
51
CALL
Alibaba
BABA
$308B
$21K ﹤0.01%
+40
New +$11.1K
SABR icon
52
CALL
Sabre
SABR
$835M
$14K ﹤0.01%
+310
New +$2.87K
BAC icon
53
CALL
Bank of America
BAC
$442B
$8K ﹤0.01%
+250
New +$6.7K
AAL icon
54
PUT
American Airlines Group
AAL
$10.6B
– –
-4,000
Closed -$25K
ABBV icon
55
AbbVie
ABBV
$435B
– –
-40,000
Closed -$3.5M
BAC.PRL icon
56
Bank of America Series L
BAC.PRL
$3.99B
– –
-130,824
Closed -$196M
BLMN icon
57
PUT
Bloomin' Brands
BLMN
$938M
– –
-1,000
Closed -$10K
CZR icon
58
Caesars Entertainment
CZR
$6.14B
– –
-35,000
Closed -$1.96M
FCX icon
59
PUT
Freeport-McMoran
FCX
$97.5B
– –
-525
Closed -$3K
HCA icon
60
HCA Healthcare
HCA
$89.5B
– –
-15,000
Closed -$1.87M
HON icon
61
Honeywell
HON
$78B
– –
-26,525
Closed -$4.12M
KO icon
62
Coca-Cola
KO
$375B
– –
-50,000
Closed -$2.47M
LRCX icon
63
Lam Research
LRCX
$390B
– –
-120,000
Closed -$3.98M
LUV icon
64
PUT
Southwest Airlines
LUV
$23B
– –
-500
Closed -$7K
MCHP icon
65
Microchip Technology
MCHP
$46B
– –
-70,000
Closed -$3.6M
MRK icon
66
Merck
MRK
$318B
– –
-31,440
Closed -$2.49M
ON icon
67
ON Semiconductor
ON
$31.6B
– –
-150,000
Closed -$3.25M
WFC.PRL icon
68
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
– –
-130,805
Closed -$175M
WGO icon
69
Winnebago Industries
WGO
$909M
– –
-13,000
Closed -$672K
BSX.PRA
70
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
– –
-265,263
Closed -$29.5M
ENR.PRA
71
DELISTED
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
– –
-119,756
Closed -$10.1M
QTS.PRB
72
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
– –
-77,584
Closed -$11M
SRE.PRB
73
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
– –
-2,278
Closed -$228K
AIZP
74
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
– –
-110,919
Closed -$13.1M
1 2
3

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Advent Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Advent Capital Management held 220 positions worth $4.69B, up 3.5% from $4.53B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Advent Capital Management withdrew a net $3.97B in Q4 2020, closing 21 positions and reducing 9 holdings. Its most notable exit was Bank of America Series L, an estimated $196M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 0.57% of assets, down from 0.6% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Advent Capital Management opened a new position in Vertex Pharmaceuticals worth $3.54M.

  • Advent Capital Management's largest Q4 2020 buy was Vertex Pharmaceuticals: 15,000 shares worth $3.54M.
  • Advent Capital Management added most to NextEra Energy, Inc. 6.219% Corporate Units in Q4 2020, an estimated $15.3M increase.
  • Advent Capital Management's biggest Q4 2020 reduction was American Electric Power Company, Inc. Corporate Unit, cutting an estimated $11.3M.
  • Advent Capital Management fully exited Bank of America Series L in Q4 2020, selling an estimated $196M.
  • Advent Capital Management's ten largest holdings make up 23% of its $4.69B portfolio in Q4 2020.
  • Advent Capital Management opened 24 new positions and closed 21 in Q4 2020.
  • Advent Capital Management's portfolio value rose 3.5% quarter-over-quarter to $4.69B.

Based on Advent Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.