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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
-0.71%
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
$4.3B
AUM Growth
-$869M
(-17%)
Cap. Flow
-$4.37B
Cap. Flow
% of AUM
-101.69%
Top 10 Holdings %
Top 10 Hldgs %
26.13%
Holding
253
New
22
Increased
7
Reduced
10
Closed
54
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
|
+$58.4M |
| 2 |
APO.PRA
Apollo Global Management Series A
APO.PRA
|
+$43.6M |
| 3 |
Lennar Class A
LEN
|
+$4.24M |
| 4 |
RH
RH
|
+$3.82M |
| 5 |
Simon Property Group
SPG
|
+$3.51M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 0.33% |
| 2 | Consumer Discretionary | 0.19% |
| 3 | Industrials | 0.18% |
| 4 | Financials | 0.17% |
| 5 | Healthcare | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Bank of America
BAC
$442B
| – | – |
-100,000
| Closed | -$2.87M |
|
52
CALL
BridgeBio Pharma
BBIO
$16.5B
| – | – |
-35,000
| Closed | -$602K |
|
|
BDN
53
PUT
Brandywine Realty Trust
BDN
$554M
| – | – |
-200,000
| Closed | -$930K |
|
54
CALL
Bloom Energy
BE
$64.6B
| – | – |
-80,000
| Closed | -$1.31M |
|
55
Bristol-Myers Squibb
BMY
$132B
| – | – |
-20,000
| Closed | -$1.28M |
|
56
CALL
Box
BOX
$4.6B
| – | – |
-200,000
| Closed | -$5.88M |
|
57
CALL
Caterpillar
CAT
$387B
| – | – |
-17,500
| Closed | -$4.31M |
|
58
Costco
COST
$420B
| – | – |
-550
| Closed | -$296K |
|
59
CALL
CrowdStrike
CRWD
$218B
| – | – |
-250,000
| Closed | -$9.18M |
|
60
CALL
Deere & Co
DE
$168B
| – | – |
-11,000
| Closed | -$4.46M |
|
61
CALL
Danaher
DHR
$144B
| – | – |
-16,920
| Closed | -$3.6M |
|
62
CALL
Doximity
DOCS
$4.88B
| – | – |
-50,000
| Closed | -$1.7M |
|
63
Domino's
DPZ
$11.6B
| – | – |
-1,000
| Closed | -$337K |
|
64
CALL
Enphase Energy
ENPH
$5.53B
| – | – |
-11,000
| Closed | -$1.84M |
|
65
EQT Corp
EQT
$32.3B
| – | – |
-60,000
| Closed | -$2.47M |
|
66
CALL
Etsy
ETSY
$7.85B
| – | – |
-7,000
| Closed | -$592K |
|
67
Expedia Group
EXPE
$37.3B
| – | – |
-20,000
| Closed | -$2.19M |
|
68
CALL
Ford
F
$55.7B
| – | – |
-500,000
| Closed | -$7.57M |
|
69
CALL
Grab
GRAB
$14.9B
| – | – |
-250,000
| Closed | -$858K |
|
70
CALL
Home Depot
HD
$355B
| – | – |
-37,500
| Closed | -$11.6M |
|
|
71
Home Depot
HD
$355B
| – | – |
-15,000
| Closed | -$4.66M |
|
72
Honeywell
HON
$78B
| – | – |
-15,915
| Closed | -$3.11M |
|
73
CALL
Hertz
HTZ
$809M
| – | – |
-150,000
| Closed | -$2.76M |
|
74
CALL
Southwest Airlines
LUV
$23B
| – | – |
-60,000
| Closed | -$2.17M |
|
75
MGM Resorts International
MGM
$11.2B
| – | – |
-20,000
| Closed | -$878K |
|
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Advent Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Advent Capital Management held 253 positions worth $4.3B, down 17% from $5.17B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Advent Capital Management withdrew a net $4.37B in Q3 2023, closing 54 positions and reducing 10 holdings. Its most notable exit was KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock, an estimated $71M position sold in full.
By sector, the portfolio is most concentrated in Technology at 0.33% of assets, up from 0.13% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Advent Capital Management opened a new position in Apollo Global Management Series A worth $44.4M.
- Advent Capital Management's largest Q3 2023 buy was Apollo Global Management Series A: 807,500 shares worth $44.4M.
- Advent Capital Management added most to NextEra Energy, Inc. 6.926% Corporate Units in Q3 2023, an estimated $58.4M increase.
- Advent Capital Management's biggest Q3 2023 reduction was Chart Industries 6.75% Series B Preferred Stock, cutting an estimated $17.5M.
- Advent Capital Management fully exited KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock in Q3 2023, selling an estimated $71M.
- Advent Capital Management's ten largest holdings make up 26% of its $4.3B portfolio in Q3 2023.
- Advent Capital Management opened 22 new positions and closed 54 in Q3 2023.
- Advent Capital Management's portfolio value fell 17% quarter-over-quarter to $4.3B.
Based on Advent Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.