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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
+0.06%
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
$7.44B
AUM Growth
+$1.08B
Cap. Flow
-$5.75B
Cap. Flow %
-77.3%
Top 10 Hldgs %
10.86%
Holding
619
New
46
Increased
16
Reduced
12
Closed
59

Top Buys

Rank Stock Value
1
INTC icon
Intel
INTC
+$6.91M
2
BP icon
BP
BP
+$6.29M
3
TIF
Tiffany & Co.
TIF
+$5.32M
4
DISH
DISH Network Corp.
DISH
+$5M
5
AIG icon
American International
AIG
+$3.8M

Top Sells

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$67.5M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$63.5M
3
MLU
METLIFE, INC. COM EQUITY UNIT
MLU
+$40.2M
4
KEY.PRG
KeyCorp Pfd
KEY.PRG
+$38.1M
5
UTX.PRA
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
+$37.4M

Sector Composition

Rank Sector Weight
1 Communication Services 0.28%
2 Technology 0.16%
3 Healthcare 0.13%
4 Consumer Discretionary 0.1%
5 Financials 0.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRE icon
76
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
– –
-5,000
Closed -$169K
REGN icon
77
Regeneron Pharmaceuticals
REGN
$80.8B
– –
-2,000
Closed -$450K
SBRA icon
78
Sabra Healthcare REIT
SBRA
$5.37B
– –
-22,867
Closed -$597K
SNV
79
DELISTED
Synovus
SNV
– –
-202,727
Closed -$4.14M
NUAN
80
DELISTED
Nuance Communications, Inc.
NUAN
– –
-39,155
Closed -$624K
JCP
81
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-119,100
Closed -$2.03M
ONXX
82
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
– –
-20,000
Closed -$1.74M
APA.PRD
83
DELISTED
APACHE CORP DEP SHS REPSTG 1/20TH PFD CONV (DE)
APA.PRD
– –
-257,500
Closed -$12.3M
1 2 3
4

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Advent Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Advent Capital Management held 619 positions worth $7.44B, up 17% from $6.36B the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Advent Capital Management withdrew a net $5.75B in Q3 2013, closing 59 positions and reducing 12 holdings. Its most notable exit was Wells Fargo 7.5% Non Cumv Perp Conv, an estimated $67.5M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 0.28% of assets, up from 0.16% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Advent Capital Management opened a new position in Intel worth $6.88M.

  • Advent Capital Management's largest Q3 2013 buy was Intel: 300,000 shares worth $6.88M.
  • Advent Capital Management added most to Tiffany & Co. in Q3 2013, an estimated $5.32M increase.
  • Advent Capital Management's biggest Q3 2013 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $2.29M.
  • Advent Capital Management fully exited Wells Fargo 7.5% Non Cumv Perp Conv in Q3 2013, selling an estimated $67.5M.
  • Advent Capital Management's ten largest holdings make up 11% of its $7.44B portfolio in Q3 2013.
  • Advent Capital Management opened 46 new positions and closed 59 in Q3 2013.
  • Advent Capital Management's portfolio value rose 17% quarter-over-quarter to $7.44B.

Based on Advent Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.