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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
ODP
101
CALL
DELISTED
ODP
ODP
$28K ﹤0.01%
100
– –
CSCO icon
102
CALL
Cisco
CSCO
$479B
$26K ﹤0.01%
+400
New +$18K
VSH icon
103
CALL
Vishay Intertechnology
VSH
$5.43B
$26K ﹤0.01%
+2,200
New +$51.8K
CIEN icon
104
CALL
Ciena
CIEN
$58.4B
$25K ﹤0.01%
300
+100
+50% +$2.8K
CHK
105
CALL
DELISTED
Chesapeake Energy Corporation
CHK
$24K ﹤0.01%
28
-2
-7% -$1.82K
MU icon
106
CALL
Micron Technology
MU
$991B
$14K ﹤0.01%
+1,200
New +$60.5K
AABA
107
CALL
DELISTED
Altaba Inc
AABA
$13K ﹤0.01%
500
+400
+400% +$28.2K
OEF icon
108
PUT
iShares S&P 100 ETF
OEF
$20.6B
$12K ﹤0.01%
1,000
-1,500
-60% -$190K
HTHT icon
109
PUT
Huazhu Hotels Group
HTHT
$13B
$11K ﹤0.01%
+200
New +$7.03K
INTC icon
110
CALL
Intel
INTC
$513B
$8K ﹤0.01%
250
-1,050
-81% -$51.1K
GME icon
111
PUT
GameStop
GME
$8.6B
$7K ﹤0.01%
1,200
– –
MSFT icon
112
Microsoft
MSFT
$3.71T
$7K ﹤0.01%
+63
New +$6.83K
PFE icon
113
Pfizer
PFE
$153B
$7K ﹤0.01%
+170
New +$6.54K
WFT
114
CALL
DELISTED
Weatherford International plc
WFT
$7K ﹤0.01%
+2,250
New +$6.6K
AAPL icon
115
Apple
AAPL
$4.57T
$6K ﹤0.01%
+108
New +$5.62K
C icon
116
Citigroup
C
$226B
$6K ﹤0.01%
+88
New +$6.22K
CVX icon
117
Chevron
CVX
$366B
$6K ﹤0.01%
+45
New +$5.46K
DD icon
118
DuPont de Nemours
DD
$19.2B
$6K ﹤0.01%
+37
New +$6.37K
GS icon
119
CALL
Goldman Sachs
GS
$303B
$6K ﹤0.01%
50
– –
HD icon
120
Home Depot
HD
$355B
$6K ﹤0.01%
28
-1,972
-99% -$397K
JPM icon
121
JPMorgan Chase
JPM
$950B
$6K ﹤0.01%
+55
New +$6.24K
LMT icon
122
Lockheed Martin
LMT
$136B
$6K ﹤0.01%
+16
New +$5.16K
QCOM icon
123
Qualcomm
QCOM
$176B
$6K ﹤0.01%
+83
New +$5.46K
RDFN
124
PUT
DELISTED
Redfin
RDFN
$6K ﹤0.01%
+250
New +$5.29K
TAP icon
125
PUT
Molson Coors Class B
TAP
$8.09B
$6K ﹤0.01%
+200
New +$13.2K
3 4
5
6 7

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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.