Advent Capital Management Portfolio holdings

Advent Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, Advent Capital Management held 561 positions worth $6.95B, up 0.5% from $6.92B the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Advent Capital Management withdrew a net $5.38B in Q2 2015, closing 44 positions and reducing 42 holdings. Its most notable exit was American Airlines Group, an estimated $4.75M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.39% of assets, up from 0.27% a quarter earlier, followed by Technology and Industrials.

Against the trend, Advent Capital Management opened a new position in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock worth $55.9M.

• Advent Capital Management's largest Q2 2015 buy was Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock: 559,954 shares worth $55.9M.
• Advent Capital Management added most to Red Hat Inc in Q2 2015, an estimated $3.14M increase.
• Advent Capital Management's biggest Q2 2015 reduction was American Tower Corporation, cutting an estimated $12.7M.
• Advent Capital Management fully exited American Airlines Group in Q2 2015, selling an estimated $4.75M.
• Advent Capital Management's ten largest holdings make up 13% of its $6.95B portfolio in Q2 2015.
• Advent Capital Management opened 92 new positions and closed 44 in Q2 2015.
• Advent Capital Management's portfolio value rose 0.5% quarter-over-quarter to $6.95B.

Based on Advent Capital Management's 13F filing for Q2 2015, filed 24 Jul 2015.