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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
Cap. Flow
-$3.24B
Cap. Flow %
-62.63%
Top 10 Hldgs %
24.6%
Holding
253
New
59
Increased
–
Reduced
4
Closed
25

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$216M
2
WFC.PRL icon
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
PH icon
Parker-Hannifin
PH
+$4.71M
2
OXY icon
Occidental Petroleum
OXY
+$3.12M
3
PPL
PPL Corp
PPL
+$1.66M
4
CMA
Comerica
CMA
+$1.52M
5
IQ icon
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
U icon
101
Unity
U
$18.9B
– –
-1,656
Closed -$53.7K
W icon
102
Wayfair
W
$14.6B
– –
-1,000
Closed -$42.1K
Z icon
103
Zillow
Z
$7.56B
– –
-4,774
Closed -$212K
ZTO icon
104
PUT
ZTO Express
ZTO
$17.9B
– –
-100,000
Closed -$2.87M
SAVE
105
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-6,233
Closed -$107K
1 2 3 4
5

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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.