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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
+0.44%
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
$5.16B
AUM Growth
-$176M
Cap. Flow
-$4.14B
Cap. Flow %
-80.11%
Top 10 Hldgs %
23.65%
Holding
237
New
43
Increased
9
Reduced
21
Closed
22

Top Buys

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$77M
2
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$46.2M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$33.8M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$12.3M
5
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$5.73M

Top Sells

Rank Stock Value
1
SOLN
The Southern Company
SOLN
+$20.5M
2
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$17.5M
3
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$11.5M
4
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$10M
5
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$9.53M

Sector Composition

Rank Sector Weight
1 Utilities 1.05%
2 Consumer Discretionary 0.26%
3 Industrials 0.25%
4 Communication Services 0.24%
5 Technology 0.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DTV
101
DELISTED
DTE Energy Company 2016 Corporate Units
DTV
– –
-187
Closed -$11K
VIA
102
DELISTED
Viacom Inc. Class A
VIA
– –
-4,281
Closed -$112K
1 2 3 4
5

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Advent Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Advent Capital Management held 237 positions worth $5.16B, down 3.3% from $5.34B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Advent Capital Management withdrew a net $4.14B in Q4 2019, closing 22 positions and reducing 21 holdings. Its most notable exit was Las Vegas Sands, an estimated $5.78M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 1% of assets, down from 1.4% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Advent Capital Management opened a new position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A worth $80.1M.

  • Advent Capital Management's largest Q4 2019 buy was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A: 68,475 shares worth $80.1M.
  • Advent Capital Management added most to Bank of America Series L in Q4 2019, an estimated $12.3M increase.
  • Advent Capital Management's biggest Q4 2019 reduction was The Southern Company, cutting an estimated $20.5M.
  • Advent Capital Management fully exited Las Vegas Sands in Q4 2019, selling an estimated $5.78M.
  • Advent Capital Management's ten largest holdings make up 24% of its $5.16B portfolio in Q4 2019.
  • Advent Capital Management opened 43 new positions and closed 22 in Q4 2019.
  • Advent Capital Management's portfolio value fell 3.3% quarter-over-quarter to $5.16B.

Based on Advent Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.