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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
+0.02%
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
$5.17B
AUM Growth
-$119M
(-2.2%)
Cap. Flow
-$3.24B
Cap. Flow
% of AUM
-62.63%
Top 10 Holdings %
Top 10 Hldgs %
24.6%
Holding
253
New
59
Increased
–
Reduced
4
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America Series L
BAC.PRL
|
+$216M |
| 2 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$204M |
| 3 |
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
|
+$67.4M |
| 4 |
NIMC
NiSource Inc. Series A Corporate Units
NIMC
|
+$67.2M |
| 5 |
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
|
+$67.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Parker-Hannifin
PH
|
+$4.71M |
| 2 |
Occidental Petroleum
OXY
|
+$3.12M |
| 3 |
PPL
PPL Corp
PPL
|
+$1.66M |
| 4 |
CMA
Comerica
CMA
|
+$1.52M |
| 5 |
iQIYI
IQ
|
+$782K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 0.2% |
| 2 | Energy | 0.18% |
| 3 | Consumer Discretionary | 0.16% |
| 4 | Technology | 0.13% |
| 5 | Financials | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Doximity
DOCS
$4.88B
| $1.7M | 0.03% |
+50,000
| New | +$1.66M |
|
52
PNC Financial Services
PNC
$101B
| $1.64M | 0.03% |
13,000
| – | – |
|
53
Snowflake
SNOW
$115B
| $1.58M | 0.03% |
+9,000
| New | +$1.46M |
|
54
Amgen
AMGN
$222B
| $1.55M | 0.03% |
7,000
| – | – |
|
55
ArcelorMittal
MT
$55.3B
| $1.37M | 0.03% |
50,000
| – | – |
|
|
SNV
56
PUT
DELISTED
Synovus
SNV
| $1.36M | 0.03% |
45,100
-50,000
| -53% | -$1.46M |
|
57
CALL
Bloom Energy
BE
$64.6B
| $1.31M | 0.03% |
+80,000
| New | +$1.29M |
|
58
Bristol-Myers Squibb
BMY
$132B
| $1.28M | 0.02% |
20,000
| – | – |
|
|
59
CALL
Snowflake
SNOW
$115B
| $1.23M | 0.02% |
+7,000
| New | +$1.14M |
|
|
FTCH
60
CALL
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $1.21M | 0.02% |
+200,000
| New | +$963K |
|
|
PXD
61
DELISTED
Pioneer Natural Resource Co.
PXD
| $1.04M | 0.02% |
+5,000
| New | +$1.05M |
|
62
CALL
Wayfair
W
$14.6B
| $975K | 0.02% |
+15,000
| New | +$632K |
|
63
CALL
NIO
NIO
$11.9B
| $969K | 0.02% |
+100,000
| New | +$846K |
|
|
BDN
64
PUT
Brandywine Realty Trust
BDN
$554M
| $930K | 0.02% |
200,000
| – | – |
|
65
PUT
Western Alliance Bancorporation
WAL
$8.87B
| $912K | 0.02% |
+25,000
| New | +$867K |
|
66
MGM Resorts International
MGM
$11.2B
| $878K | 0.02% |
+20,000
| New | +$854K |
|
67
CALL
Grab
GRAB
$14.9B
| $858K | 0.02% |
+250,000
| New | +$778K |
|
|
CALY
68
CALL
Callaway Golf Company
CALY
$3.14B
| $794K | 0.02% |
+40,000
| New | +$800K |
|
|
AVK
69
Advent Convertible and Income Fund
AVK
$563M
| $692K | 0.01% |
60,642
| – | – |
|
70
Nice
NICE
$5.97B
| $681K | 0.01% |
+3,300
| New | +$681K |
|
71
CALL
BridgeBio Pharma
BBIO
$16.5B
| $602K | 0.01% |
+35,000
| New | +$527K |
|
72
CALL
Etsy
ETSY
$7.85B
| $592K | 0.01% |
+7,000
| New | +$660K |
|
|
FSR
73
CALL
DELISTED
Fisker Inc.
FSR
| $564K | 0.01% |
100,000
| – | – |
|
74
Micron Technology
MU
$991B
| $401K | 0.01% |
+6,350
| New | +$408K |
|
75
Domino's
DPZ
$11.6B
| $337K | 0.01% |
+1,000
| New | +$316K |
|
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Advent Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Advent Capital Management held 253 positions worth $5.17B, down 2.2% from $5.29B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Advent Capital Management withdrew a net $3.24B in Q2 2023, closing 25 positions and reducing 4 holdings. Its most notable exit was Parker-Hannifin, an estimated $4.71M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 0.2% of assets, up from 0.16% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Advent Capital Management opened a new position in Bank of America Series L worth $216M.
- Advent Capital Management's largest Q2 2023 buy was Bank of America Series L: 184,072 shares worth $216M.
- Advent Capital Management's biggest Q2 2023 reduction was First Trust High Yield Opportunities 2027 Term Fund, cutting an estimated $19K.
- Advent Capital Management fully exited Parker-Hannifin in Q2 2023, selling an estimated $4.71M.
- Advent Capital Management's ten largest holdings make up 25% of its $5.17B portfolio in Q2 2023.
- Advent Capital Management opened 59 new positions and closed 25 in Q2 2023.
- Advent Capital Management's portfolio value fell 2.2% quarter-over-quarter to $5.17B.
Based on Advent Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.