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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
+0.48%
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
$4.85B
AUM Growth
+$101M
Cap. Flow
-$3.87B
Cap. Flow %
-79.75%
Top 10 Hldgs %
18.07%
Holding
361
New
113
Increased
29
Reduced
25
Closed
42

Top Buys

Rank Stock Value
1
IFFT
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
+$30.9M
2
SRE.PRB
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
+$20.5M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$16.3M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$16M
5
QTS.PRB
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
+$13.4M

Top Sells

Rank Stock Value
1
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$26.1M
2
NBR.PRA
Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
+$24M
3
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$19.3M
4
SJIU
South Jersey Industries, Inc.
SJIU
+$11M
5
NEE.PRQ
NextEra Energy, Inc.
NEE.PRQ
+$7.98M

Sector Composition

Rank Sector Weight
1 Communication Services 0.61%
2 Financials 0.52%
3 Industrials 0.51%
4 Healthcare 0.39%
5 Consumer Discretionary 0.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XOM icon
126
ExxonMobil
XOM
$634B
$6K ﹤0.01%
+66
New +$5.4K
ADP icon
127
Automatic Data Processing
ADP
$108B
$5K ﹤0.01%
+36
New +$5.09K
AMGN icon
128
Amgen
AMGN
$222B
$5K ﹤0.01%
+22
New +$4.34K
BLK icon
129
Blackrock
BLK
$176B
$5K ﹤0.01%
+10
New +$4.86K
HON icon
130
Honeywell
HON
$78B
$5K ﹤0.01%
+31
New +$4.39K
IBM icon
131
IBM
IBM
$224B
$5K ﹤0.01%
+38
New +$5.31K
NVS icon
132
Novartis
NVS
$297B
$5K ﹤0.01%
+61
New +$4.51K
STWD icon
133
Starwood Property Trust
STWD
$6.09B
$5K ﹤0.01%
+211
New +$4.67K
SWK icon
134
Stanley Black & Decker
SWK
$15.7B
$5K ﹤0.01%
+37
New +$5.26K
WY icon
135
Weyerhaeuser
WY
$18.4B
$5K ﹤0.01%
+154
New +$5.35K
SWN
136
CALL
DELISTED
Southwestern Energy Company
SWN
$5K ﹤0.01%
+500
New +$2.65K
AFL icon
137
Aflac
AFL
$62.6B
$4K ﹤0.01%
+84
New +$3.84K
AVB icon
138
AvalonBay Communities
AVB
$26.8B
$4K ﹤0.01%
+20
New +$3.57K
AZN icon
139
AstraZeneca
AZN
$250B
$4K ﹤0.01%
+45
New +$3.4K
CB icon
140
Chubb
CB
$135B
$4K ﹤0.01%
+30
New +$4.06K
ETSY icon
141
PUT
Etsy
ETSY
$7.85B
$4K ﹤0.01%
+140
New +$6.45K
IP icon
142
International Paper
IP
$22B
$4K ﹤0.01%
+87
New +$4.31K
MDLZ icon
143
Mondelez International
MDLZ
$79.9B
$4K ﹤0.01%
+101
New +$4.31K
MET icon
144
MetLife
MET
$62.1B
$4K ﹤0.01%
+89
New +$4.07K
PG icon
145
Procter & Gamble
PG
$339B
$4K ﹤0.01%
+44
New +$3.6K
SLB icon
146
SLB Ltd
SLB
$75B
$4K ﹤0.01%
+67
New +$4.31K
STT icon
147
State Street
STT
$50.7B
$4K ﹤0.01%
+46
New +$4.04K
SYNA icon
148
CALL
Synaptics
SYNA
$4.15B
$4K ﹤0.01%
+225
New +$10.7K
UA icon
149
PUT
Under Armour Class C
UA
$2.53B
$4K ﹤0.01%
+300
New +$5.79K
AVGO icon
150
Broadcom
AVGO
$2.04T
$3K ﹤0.01%
+110
New +$2.47K
4 5
6
7 8

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Advent Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Advent Capital Management held 361 positions worth $4.85B, up 2.1% from $4.75B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Advent Capital Management withdrew a net $3.87B in Q3 2018, closing 42 positions and reducing 25 holdings. Its most notable exit was Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A, an estimated $24M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 0.61% of assets, up from 0.28% a quarter earlier, followed by Financials and Industrials.

Against the trend, Advent Capital Management opened a new position in International Flavors & Fragrances Inc. 6.00% Tangible Equity Units worth $31.1M.

  • Advent Capital Management's largest Q3 2018 buy was International Flavors & Fragrances Inc. 6.00% Tangible Equity Units: 570,000 shares worth $31.1M.
  • Advent Capital Management added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q3 2018, an estimated $16.3M increase.
  • Advent Capital Management's biggest Q3 2018 reduction was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6, cutting an estimated $26.1M.
  • Advent Capital Management fully exited Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A in Q3 2018, selling an estimated $24M.
  • Advent Capital Management's ten largest holdings make up 18% of its $4.85B portfolio in Q3 2018.
  • Advent Capital Management opened 113 new positions and closed 42 in Q3 2018.
  • Advent Capital Management's portfolio value rose 2.1% quarter-over-quarter to $4.85B.

Based on Advent Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.