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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
+0.45%
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
$5.22B
AUM Growth
-$59.7M
Cap. Flow
-$4.38B
Cap. Flow %
-83.92%
Top 10 Hldgs %
20.19%
Holding
340
New
53
Increased
23
Reduced
13
Closed
82

Top Buys

Rank Stock Value
1
CMI icon
Cummins
CMI
+$8.55M
2
ANTX
Anthem, Inc.
ANTX
+$6.23M
3
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$5.47M
4
TREE icon
LendingTree
TREE
+$4.87M
5
TGT icon
Target
TGT
+$4.53M

Top Sells

Rank Stock Value
1
AGN.PRA
Allergan plc
AGN.PRA
+$48.9M
2
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$23.5M
3
TMUSP
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
+$15.9M
4
AAL icon
American Airlines Group
AAL
+$7.12M
5
BKNG icon
Booking.com
BKNG
+$6.99M

Sector Composition

Rank Sector Weight
1 Financials 0.54%
2 Industrials 0.48%
3 Healthcare 0.48%
4 Consumer Discretionary 0.35%
5 Communication Services 0.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INCY icon
126
CALL
Incyte
INCY
$24.4B
– –
-70
Closed -$4K
INCY icon
127
PUT
Incyte
INCY
$24.4B
– –
-100
Closed -$7K
INTC icon
128
Intel
INTC
$513B
– –
-25,000
Closed -$952K
KEY icon
129
KeyCorp
KEY
$24.4B
– –
-25,000
Closed -$471K
LAZ icon
130
Lazard
LAZ
$4.31B
– –
-105,000
Closed -$4.75M
LYV icon
131
PUT
Live Nation Entertainment
LYV
$42.1B
– –
-180
Closed -$1K
MCHP icon
132
PUT
Microchip Technology
MCHP
$46B
– –
-240
Closed -$6K
MU icon
133
PUT
Micron Technology
MU
$991B
– –
-400
Closed -$3K
NBR icon
134
CALL
Nabors Industries
NBR
$1.21B
– –
-20
Closed -$41K
NOW icon
135
CALL
ServiceNow
NOW
$129B
– –
-1,000
Closed -$9K
NVS icon
136
Novartis
NVS
$297B
– –
-8,242
Closed -$634K
OEF icon
137
PUT
iShares S&P 100 ETF
OEF
$20.6B
– –
-500
Closed -$8K
PANW icon
138
CALL
Palo Alto Networks
PANW
$297B
– –
-600
Closed -$27K
PFE icon
139
Pfizer
PFE
$153B
– –
-26,350
Closed -$893K
PTCT icon
140
PTC Therapeutics
PTCT
$6.12B
– –
-10,000
Closed -$200K
PTCT icon
141
PUT
PTC Therapeutics
PTCT
$6.12B
– –
-100
Closed -$6K
RACE icon
142
CALL
Ferrari
RACE
$72.5B
– –
-50
Closed -$1K
RACE icon
143
PUT
Ferrari
RACE
$72.5B
– –
-110
Closed -$8K
STNG icon
144
CALL
Scorpio Tankers
STNG
$3.81B
– –
-100
Closed -$5K
T icon
145
PUT
AT&T
T
$163B
– –
-2,383
Closed -$22K
TCOM icon
146
PUT
Trip.com Group
TCOM
$29.1B
– –
-300
Closed -$2K
TER icon
147
Teradyne
TER
$59.3B
– –
-10,000
Closed -$373K
TER icon
148
PUT
Teradyne
TER
$59.3B
– –
-150
Closed -$2K
TEVA icon
149
CALL
Teva Pharmaceuticals
TEVA
$41.2B
– –
-1,700
Closed -$7K
TEVA icon
150
Teva Pharmaceuticals
TEVA
$41.2B
– –
-50,000
Closed -$752K
4 5
6
7 8

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MTIM
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Advent Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Advent Capital Management held 340 positions worth $5.22B, down 1.1% from $5.28B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $4.38B in Q4 2017, closing 82 positions and reducing 13 holdings. Its most notable exit was Allergan plc, an estimated $48.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 0.54% of assets, up from 0.32% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Advent Capital Management opened a new position in Cummins worth $8.83M.

  • Advent Capital Management's largest Q4 2017 buy was Cummins: 50,000 shares worth $8.83M.
  • Advent Capital Management added most to Anthem, Inc. in Q4 2017, an estimated $6.23M increase.
  • Advent Capital Management's biggest Q4 2017 reduction was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $23.5M.
  • Advent Capital Management fully exited Allergan plc in Q4 2017, selling an estimated $48.9M.
  • Advent Capital Management's ten largest holdings make up 20% of its $5.22B portfolio in Q4 2017.
  • Advent Capital Management opened 53 new positions and closed 82 in Q4 2017.
  • Advent Capital Management's portfolio value fell 1.1% quarter-over-quarter to $5.22B.

Based on Advent Capital Management's 13F filing for Q4 2017, filed 13 Feb 2018.