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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
+0.48%
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
$4.85B
AUM Growth
+$101M
Cap. Flow
-$3.87B
Cap. Flow %
-79.75%
Top 10 Hldgs %
18.07%
Holding
361
New
113
Increased
29
Reduced
25
Closed
42

Top Buys

Rank Stock Value
1
IFFT
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
+$30.9M
2
SRE.PRB
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
+$20.5M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$16.3M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$16M
5
QTS.PRB
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
+$13.4M

Top Sells

Rank Stock Value
1
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$26.1M
2
NBR.PRA
Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
+$24M
3
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$19.3M
4
SJIU
South Jersey Industries, Inc.
SJIU
+$11M
5
NEE.PRQ
NextEra Energy, Inc.
NEE.PRQ
+$7.98M

Sector Composition

Rank Sector Weight
1 Communication Services 0.61%
2 Financials 0.52%
3 Industrials 0.51%
4 Healthcare 0.39%
5 Consumer Discretionary 0.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAL icon
76
American Airlines Group
AAL
$10.6B
$413K 0.01%
+10,000
New +$391K
VIA
77
DELISTED
Viacom Inc. Class A
VIA
$366K 0.01%
+10,000
New +$345K
CLVS
78
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
$361K 0.01%
425
+125
+42% +$4.84K
CMCSA icon
79
Comcast
CMCSA
$90B
$358K 0.01%
+10,116
New +$358K
LNG icon
80
Cheniere Energy
LNG
$52.9B
$347K 0.01%
+5,000
New +$322K
AABA
81
DELISTED
Altaba Inc
AABA
$307K 0.01%
+4,500
New +$317K
CIEN icon
82
Ciena
CIEN
$58.4B
$287K 0.01%
9,200
-10,800
-54% -$303K
RIG icon
83
Transocean
RIG
$5.82B
$248K 0.01%
+17,776
New +$221K
QTS
84
DELISTED
QTS REALTY TRUST, INC.
QTS
$238K ﹤0.01%
+5,573
New +$243K
ELV icon
85
CALL
Elevance Health
ELV
$85.5B
$231K ﹤0.01%
+600
New +$156K
NVRO
86
DELISTED
NEVRO CORP.
NVRO
$228K ﹤0.01%
+4,000
New +$250K
STM icon
87
STMicroelectronics
STM
$50B
$183K ﹤0.01%
+10,000
New +$207K
HZO icon
88
MarineMax
HZO
$788M
$170K ﹤0.01%
8,000
– –
TDOC icon
89
CALL
Teladoc Health
TDOC
$1.3B
$170K ﹤0.01%
150
+50
+50% +$3.56K
VRNT
90
DELISTED
Verint Systems
VRNT
$155K ﹤0.01%
+6,085
New +$148K
ETSY icon
91
Etsy
ETSY
$7.85B
$154K ﹤0.01%
+3,000
New +$138K
LGIH icon
92
LGI Homes
LGIH
$1.4B
$147K ﹤0.01%
3,100
-3,000
-49% -$165K
CLVS
93
DELISTED
Clovis Oncology, Inc.
CLVS
$147K ﹤0.01%
+5,000
New +$194K
AMD icon
94
CALL
Advanced Micro Devices
AMD
$789B
$134K ﹤0.01%
800
-700
-47% -$15.8K
ETSY icon
95
CALL
Etsy
ETSY
$7.85B
$98K ﹤0.01%
500
+300
+150% +$13.8K
SPY icon
96
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$78K ﹤0.01%
400
-1,900
-83% -$541K
WDC icon
97
PUT
Western Digital
WDC
$150B
$49K ﹤0.01%
+265
New +$13.4K
ESV
98
CALL
DELISTED
Ensco Rowan plc
ESV
$49K ﹤0.01%
+138
New +$3.95K
JNJ icon
99
PUT
Johnson & Johnson
JNJ
$625B
$38K ﹤0.01%
+180
New +$23.9K
RDC
100
CALL
DELISTED
Rowan Companies Plc
RDC
$34K ﹤0.01%
+250
New +$3.74K
2 3
4
5 6

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Advent Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Advent Capital Management held 361 positions worth $4.85B, up 2.1% from $4.75B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Advent Capital Management withdrew a net $3.87B in Q3 2018, closing 42 positions and reducing 25 holdings. Its most notable exit was Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A, an estimated $24M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 0.61% of assets, up from 0.28% a quarter earlier, followed by Financials and Industrials.

Against the trend, Advent Capital Management opened a new position in International Flavors & Fragrances Inc. 6.00% Tangible Equity Units worth $31.1M.

  • Advent Capital Management's largest Q3 2018 buy was International Flavors & Fragrances Inc. 6.00% Tangible Equity Units: 570,000 shares worth $31.1M.
  • Advent Capital Management added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q3 2018, an estimated $16.3M increase.
  • Advent Capital Management's biggest Q3 2018 reduction was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6, cutting an estimated $26.1M.
  • Advent Capital Management fully exited Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A in Q3 2018, selling an estimated $24M.
  • Advent Capital Management's ten largest holdings make up 18% of its $4.85B portfolio in Q3 2018.
  • Advent Capital Management opened 113 new positions and closed 42 in Q3 2018.
  • Advent Capital Management's portfolio value rose 2.1% quarter-over-quarter to $4.85B.

Based on Advent Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.