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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
-1.12%
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
$4.13B
AUM Growth
-$719M
Cap. Flow
-$3.8B
Cap. Flow %
-92.02%
Top 10 Hldgs %
20.24%
Holding
359
New
40
Increased
25
Reduced
28
Closed
118

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$33.3M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$31.9M
3
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$28.2M
4
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$22.4M
5
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$7.59M

Top Sells

Rank Stock Value
1
SRE.PRB
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
+$8.59M
2
HES.PRA
Hess Corporation
HES.PRA
+$8.43M
3
DIS icon
Walt Disney
DIS
+$6.32M
4
LAZ icon
Lazard
LAZ
+$5.63M
5
VZ icon
Verizon
VZ
+$5.34M

Sector Composition

Rank Sector Weight
1 Industrials 0.48%
2 Communication Services 0.48%
3 Consumer Discretionary 0.45%
4 Consumer Staples 0.33%
5 Healthcare 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMD icon
101
CALL
Advanced Micro Devices
AMD
$789B
– –
-800
Closed -$134K
AMGN icon
102
Amgen
AMGN
$222B
– –
-22
Closed -$5K
AMH icon
103
American Homes 4 Rent
AMH
$12.5B
– –
-78
Closed -$2K
ASML icon
104
ASML
ASML
$669B
– –
-12
Closed -$2K
AVB icon
105
AvalonBay Communities
AVB
$26.8B
– –
-20
Closed -$4K
AVGO icon
106
Broadcom
AVGO
$2.04T
– –
-110
Closed -$3K
AZN icon
107
AstraZeneca
AZN
$250B
– –
-45
Closed -$4K
BAC icon
108
Bank of America
BAC
$442B
– –
-30,110
Closed -$887K
BAX icon
109
Baxter International
BAX
$14.2B
– –
-41
Closed -$3K
BLK icon
110
Blackrock
BLK
$176B
– –
-10
Closed -$5K
BMRN icon
111
BioMarin Pharmaceuticals
BMRN
$12.4B
– –
-8,600
Closed -$834K
BP icon
112
BP
BP
$107B
– –
-104,736
Closed -$4.61M
BXP icon
113
Boston Properties
BXP
$11.1B
– –
-24
Closed -$3K
C icon
114
Citigroup
C
$226B
– –
-88
Closed -$6K
CB icon
115
Chubb
CB
$135B
– –
-30
Closed -$4K
CHTR icon
116
Charter Communications
CHTR
$18.2B
– –
-4,137
Closed -$1.35M
CIEN icon
117
Ciena
CIEN
$58.4B
– –
-9,200
Closed -$292K
CL icon
118
Colgate-Palmolive
CL
$74.4B
– –
-40
Closed -$3K
CME icon
119
CME Group
CME
$94.8B
– –
-9
Closed -$2K
CSCO icon
120
Cisco
CSCO
$479B
– –
-60,086
Closed -$2.75M
CVX icon
121
Chevron
CVX
$366B
– –
-45
Closed -$6K
DD icon
122
DuPont de Nemours
DD
$19.2B
– –
-37
Closed -$6K
ELV icon
123
CALL
Elevance Health
ELV
$85.5B
– –
-600
Closed -$231K
ETSY icon
124
Etsy
ETSY
$7.85B
– –
-3,000
Closed -$141K
ETSY icon
125
PUT
Etsy
ETSY
$7.85B
– –
-140
Closed -$4K
3 4
5
6 7

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Advent Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Advent Capital Management held 359 positions worth $4.13B, down 15% from $4.85B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $3.8B in Q4 2018, closing 118 positions and reducing 28 holdings. Its most notable exit was Lazard, an estimated $5.63M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 0.48% of assets, down from 0.51% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Advent Capital Management opened a new position in CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S worth $22.4M.

  • Advent Capital Management's largest Q4 2018 buy was CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S: 445,050 shares worth $22.4M.
  • Advent Capital Management added most to Bank of America Series L in Q4 2018, an estimated $33.3M increase.
  • Advent Capital Management's biggest Q4 2018 reduction was Sempra 6.75% Mandatory Convertible Preferred Stock, Series B, cutting an estimated $8.59M.
  • Advent Capital Management fully exited Lazard in Q4 2018, selling an estimated $5.63M.
  • Advent Capital Management's ten largest holdings make up 20% of its $4.13B portfolio in Q4 2018.
  • Advent Capital Management opened 40 new positions and closed 118 in Q4 2018.
  • Advent Capital Management's portfolio value fell 15% quarter-over-quarter to $4.13B.

Based on Advent Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.