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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
+0.35%
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
$6.55B
AUM Growth
+$51.7M
Cap. Flow
-$5.27B
Cap. Flow %
-80.48%
Top 10 Hldgs %
16.68%
Holding
529
New
57
Increased
20
Reduced
22
Closed
97

Top Buys

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$29.6M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$13.4M
3
NEE.PRQ
NextEra Energy, Inc.
NEE.PRQ
+$10.3M
4
BMY icon
Bristol-Myers Squibb
BMY
+$5.99M
5
AMT.PRB
American Tower Corporation
AMT.PRB
+$5.12M

Top Sells

Rank Stock Value
1
FTRPR
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
+$18.7M
2
NEE.PRP
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
+$17.1M
3
DCUC
Dominion Energy, Inc.
DCUC
+$9.44M
4
DCUA
DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA)
DCUA
+$7.75M
5
MGM icon
MGM Resorts International
MGM
+$7.36M

Sector Composition

Rank Sector Weight
1 Healthcare 0.4%
2 Industrials 0.19%
3 Communication Services 0.09%
4 Financials 0.06%
5 Technology 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HLT icon
126
CALL
Hilton Worldwide
HLT
$71.5B
– –
-167
Closed -$13K
HLT icon
127
Hilton Worldwide
HLT
$71.5B
– –
-517
Closed -$34K
HOLX
128
DELISTED
Hologic
HOLX
– –
-1,716
Closed -$68K
HP icon
129
Helmerich & Payne
HP
$3.71B
– –
-9,960
Closed -$539K
HST icon
130
Host Hotels & Resorts
HST
$16B
– –
-10,000
Closed -$159K
HST icon
131
PUT
Host Hotels & Resorts
HST
$16B
– –
-300
Closed -$12K
HYG icon
132
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
– –
-90,000
Closed -$7.24M
IBM icon
133
CALL
IBM
IBM
$224B
– –
-314
Closed -$22K
INCY icon
134
Incyte
INCY
$24.4B
– –
-7,000
Closed -$775K
ISD
135
PGIM High Yield Bond Fund
ISD
$419M
– –
-145,400
Closed -$2.12M
JWN
136
DELISTED
Nordstrom
JWN
– –
-70,000
Closed -$3.61M
LVS icon
137
CALL
Las Vegas Sands
LVS
$29.6B
– –
-200
Closed -$21K
M icon
138
CALL
Macy's
M
$6.68B
– –
-350
Closed -$4K
MAR icon
139
CALL
Marriott International
MAR
$92.3B
– –
-200
Closed -$7K
MAR icon
140
PUT
Marriott International
MAR
$92.3B
– –
-150
Closed -$7K
MGM icon
141
MGM Resorts International
MGM
$11.2B
– –
-320,686
Closed -$7.36M
CALY
142
PUT
Callaway Golf Company
CALY
$3.14B
– –
-500
Closed -$14K
NOK icon
143
CALL
Nokia
NOK
$52.3B
– –
-2,000
Closed -$22K
OIS icon
144
Oil States International
OIS
$491M
– –
-18,150
Closed -$506K
ON icon
145
CALL
ON Semiconductor
ON
$31.6B
– –
-2,500
Closed -$17K
OXY icon
146
Occidental Petroleum
OXY
$55.9B
– –
-25,043
Closed -$1.71M
PFE icon
147
PUT
Pfizer
PFE
$153B
– –
-369
Closed -$1K
PTEN icon
148
Patterson-UTI
PTEN
$3.76B
– –
-35,040
Closed -$532K
QCOM icon
149
Qualcomm
QCOM
$176B
– –
-120,000
Closed -$6.11M
SCHW
150
Charles Schwab
SCHW
$187B
– –
-100,000
Closed -$3.36M
4 5
6
7 8

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Advent Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Advent Capital Management held 529 positions worth $6.55B, up 0.8% from $6.5B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Advent Capital Management withdrew a net $5.27B in Q1 2016, closing 97 positions and reducing 22 holdings. Its most notable exit was DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA), an estimated $7.75M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.4% of assets, down from 0.47% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Advent Capital Management opened a new position in Bristol-Myers Squibb worth $6.07M.

  • Advent Capital Management's largest Q1 2016 buy was Bristol-Myers Squibb: 95,000 shares worth $6.07M.
  • Advent Capital Management added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q1 2016, an estimated $29.6M increase.
  • Advent Capital Management's biggest Q1 2016 reduction was Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock, cutting an estimated $18.7M.
  • Advent Capital Management fully exited DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA) in Q1 2016, selling an estimated $7.75M.
  • Advent Capital Management's ten largest holdings make up 17% of its $6.55B portfolio in Q1 2016.
  • Advent Capital Management opened 57 new positions and closed 97 in Q1 2016.
  • Advent Capital Management's portfolio value rose 0.8% quarter-over-quarter to $6.55B.

Based on Advent Capital Management's 13F filing for Q1 2016, filed 13 May 2016.