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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
+0.82%
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
$5.34B
AUM Growth
+$170M
Cap. Flow
-$4.19B
Cap. Flow %
-78.45%
Top 10 Hldgs %
21.87%
Holding
244
New
28
Increased
13
Reduced
12
Closed
31

Top Buys

Rank Stock Value
1
SOLN
The Southern Company
SOLN
+$72.9M
2
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$45.7M
3
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$16.8M
4
DAL icon
Delta Air Lines
DAL
+$5.92M
5
LVS icon
Las Vegas Sands
LVS
+$5.83M

Top Sells

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$54.6M
2
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
+$33.7M
3
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$14.5M
4
DTV
DTE Energy Company 2016 Corporate Units
DTV
+$14.2M
5
CHNGU
Change Healthcare Inc. Tangible Equity Units
CHNGU
+$9.9M

Sector Composition

Rank Sector Weight
1 Utilities 1.4%
2 Consumer Discretionary 0.32%
3 Industrials 0.28%
4 Communication Services 0.12%
5 Technology 0.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGM icon
76
MGM Resorts International
MGM
$11.2B
– –
-13,000
Closed -$371K
OEF icon
77
CALL
iShares S&P 100 ETF
OEF
$20.6B
– –
-1,300
Closed -$29K
PARA
78
DELISTED
Paramount Global Class B
PARA
– –
-5,019
Closed -$250K
PFE icon
79
Pfizer
PFE
$153B
– –
-79,050
Closed -$3.25M
RH icon
80
PUT
RH
RH
$3.71B
– –
-100
Closed -$6K
SNAP icon
81
Snap
SNAP
$9.01B
– –
-25,000
Closed -$400K
STM icon
82
STMicroelectronics
STM
$50B
– –
-12,500
Closed -$220K
TDOC icon
83
Teladoc Health
TDOC
$1.3B
– –
-8,000
Closed -$531K
UPS icon
84
United Parcel Service
UPS
$88.9B
– –
-55,000
Closed -$5.68M
CLVS
85
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
– –
-195
Closed -$10K
XLNX
86
CALL
DELISTED
Xilinx Inc
XLNX
– –
-140
Closed -$245K
XLNX
87
DELISTED
Xilinx Inc
XLNX
– –
-20,000
Closed -$2.36M
I
88
DELISTED
INTELSAT S. A.
I
– –
-10,000
Closed -$195K
NEE.PRR
89
DELISTED
NextEra Energy, Inc.
NEE.PRR
– –
-836,600
Closed -$54.6M
VG
90
PUT
DELISTED
Vonage Holdings Corporation
VG
– –
-500
Closed -$11K
CZR
91
DELISTED
Caesars Entertainment Corporation
CZR
– –
-32,767
Closed -$387K
1 2 3
4

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Advent Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Advent Capital Management held 244 positions worth $5.34B, up 3.3% from $5.17B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Advent Capital Management withdrew a net $4.19B in Q3 2019, closing 31 positions and reducing 12 holdings. Its most notable exit was NextEra Energy, Inc., an estimated $54.6M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 1.4% of assets, followed by Consumer Discretionary and Industrials.

Against the trend, Advent Capital Management opened a new position in The Southern Company worth $74.4M.

  • Advent Capital Management's largest Q3 2019 buy was The Southern Company: 1,389,715 shares worth $74.4M.
  • Advent Capital Management added most to Bank of America Series L in Q3 2019, an estimated $16.8M increase.
  • Advent Capital Management's biggest Q3 2019 reduction was Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value, cutting an estimated $33.7M.
  • Advent Capital Management fully exited NextEra Energy, Inc. in Q3 2019, selling an estimated $54.6M.
  • Advent Capital Management's ten largest holdings make up 22% of its $5.34B portfolio in Q3 2019.
  • Advent Capital Management opened 28 new positions and closed 31 in Q3 2019.
  • Advent Capital Management's portfolio value rose 3.3% quarter-over-quarter to $5.34B.

Based on Advent Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.