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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 | |
|---|---|---|---|---|---|---|
76
Costco
COST
$420B
| $296K | 0.01% |
+550
| New | +$278K |
|
77
Manchester United
MANU
$3.73B
| $244K | ﹤0.01% |
+10,000
| New | +$207K |
|
78
Ulta Beauty
ULTA
$24.3B
| $235K | ﹤0.01% |
+500
| New | +$245K |
|
79
Snap
SNAP
$9.01B
| $177K | ﹤0.01% |
14,940
| – | – |
|
80
Grab Holdings Warrant
GRABW
$738K
| $76.6K | ﹤0.01% |
170,314
| – | – |
|
81
CALL
American Airlines Group
AAL
$10.6B
| – | – |
-200,000
| Closed | -$2.95M |
|
82
Affirm
AFRM
$25.2B
| – | – |
-5,208
| Closed | -$58.7K |
|
|
83
PUT
Affirm
AFRM
$25.2B
| – | – |
-100,000
| Closed | -$1.13M |
|
|
BDN
84
Brandywine Realty Trust
BDN
$554M
| – | – |
-25,000
| Closed | -$102K |
|
85
CALL
BioMarin Pharmaceuticals
BMRN
$12.4B
| – | – |
-30,000
| Closed | -$2.92M |
|
|
CMA
86
DELISTED
Comerica
CMA
| – | – |
-35,000
| Closed | -$1.52M |
|
87
PUT
Deutsche Bank
DB
$71.5B
| – | – |
-200,000
| Closed | -$2.04M |
|
88
FIVE9
FIVN
$2.54B
| – | – |
-247
| Closed | -$17.9K |
|
|
INN
89
Summit Hotel Properties
INN
$700M
| – | – |
-13,030
| Closed | -$91.2K |
|
90
Ionis Pharmaceuticals
IONS
$9.4B
| – | – |
-464
| Closed | -$16.6K |
|
|
91
iQIYI
IQ
$1.28B
| – | – |
-107,400
| Closed | -$782K |
|
92
Integer Holdings
ITGR
$4.26B
| – | – |
-9,464
| Closed | -$733K |
|
|
93
Occidental Petroleum
OXY
$55.9B
| – | – |
-50,000
| Closed | -$3.12M |
|
|
94
Parker-Hannifin
PH
$135B
| – | – |
-14,000
| Closed | -$4.71M |
|
|
PPL
95
PPL Corp
PPL
$26.7B
| – | – |
-59,600
| Closed | -$1.66M |
|
96
PUT
SL Green Realty
SLG
$3.99B
| – | – |
-50,000
| Closed | -$1.18M |
|
|
97
CALL
Snap
SNAP
$9.01B
| – | – |
-100,000
| Closed | -$1.12M |
|
98
CALL
SoFi Technologies
SOFI
$23.7B
| – | – |
-650,000
| Closed | -$3.95M |
|
99
Sarepta Therapeutics
SRPT
$1.77B
| – | – |
-560
| Closed | -$77.2K |
|
100
PUT
Starwood Property Trust
STWD
$6.09B
| – | – |
-50,000
| Closed | -$885K |
|
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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.