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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
+1.38%
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
$5.95B
AUM Growth
+$543M
Cap. Flow
-$4.04B
Cap. Flow %
-67.96%
Top 10 Hldgs %
21.34%
Holding
318
New
55
Increased
14
Reduced
16
Closed
33

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$197M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$113M
3
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$98M
4
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$62.7M
5
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$43.6M

Top Sells

Rank Stock Value
1
SWT
Stanley Black & Decker, Inc.
SWT
+$6.09M
2
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
+$5.32M
3
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$4.86M
4
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$4.35M
5
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$4.25M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 0.5%
2 Utilities 0.39%
3 Healthcare 0.29%
4 Financials 0.21%
5 Energy 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMI icon
126
Cummins
CMI
$88.7B
– –
-12,000
Closed -$2.69M
DOCU
127
DocuSign
DOCU
$11.5B
– –
-45
Closed -$12K
EXPE icon
128
Expedia Group
EXPE
$37.3B
– –
-18,000
Closed -$2.95M
FCX icon
129
Freeport-McMoran
FCX
$97.5B
– –
-5,000
Closed -$163K
GLW icon
130
Corning
GLW
$143B
– –
-10,000
Closed -$365K
LMT icon
131
Lockheed Martin
LMT
$136B
– –
-11,000
Closed -$3.8M
MCHP icon
132
Microchip Technology
MCHP
$46B
– –
-34,000
Closed -$2.61M
MRNA icon
133
Moderna
MRNA
$23.6B
– –
-6,000
Closed -$2.31M
MUFG icon
134
Mitsubishi UFJ Financial
MUFG
$254B
– –
-100,700
Closed -$597K
OEF icon
135
PUT
iShares S&P 100 ETF
OEF
$20.6B
– –
-2,000
Closed -$19K
ON icon
136
ON Semiconductor
ON
$31.6B
– –
-60,000
Closed -$2.75M
PENN icon
137
PENN Entertainment
PENN
$2.71B
– –
-35,000
Closed -$2.54M
PENN icon
138
PUT
PENN Entertainment
PENN
$2.71B
– –
-200
Closed -$2K
THO icon
139
Thor Industries
THO
$4.14B
– –
-20,000
Closed -$2.46M
TTWO icon
140
Take-Two Interactive
TTWO
$46.1B
– –
-2,000
Closed -$308K
TWLO icon
141
Twilio
TWLO
$36.6B
– –
-42
Closed -$13K
V icon
142
Visa
V
$677B
– –
-5,000
Closed -$1.11M
VRNT
143
DELISTED
Verint Systems
VRNT
– –
-12
Closed -$1K
VZ icon
144
Verizon
VZ
$196B
– –
-70,000
Closed -$3.78M
X
145
DELISTED
US Steel
X
– –
-150,000
Closed -$3.3M
FTCH
146
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
– –
-40,000
Closed -$1.5M
AAC.U
147
DELISTED
Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
AAC.U
– –
-23,200
Closed -$230K
ASAQ.U
148
DELISTED
Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant
ASAQ.U
– –
-45,000
Closed -$458K
DCRNW
149
DELISTED
Decarbonization Plus Acquisition Corporation II Warrant
DCRNW
– –
-6,066
Closed -$7K
DCRN
150
DELISTED
Decarbonization Plus Acquisition Corporation II Class A Common stock
DCRN
– –
-18,200
Closed -$180K
3 4 5
6
7

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Advent Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Advent Capital Management held 318 positions worth $5.95B, up 10% from $5.41B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Advent Capital Management withdrew a net $4.04B in Q4 2021, closing 33 positions and reducing 16 holdings. Its most notable exit was Lockheed Martin, an estimated $3.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 0.5% of assets, down from 0.54% a quarter earlier, followed by Utilities and Healthcare.

Against the trend, Advent Capital Management opened a new position in Bank of America Series L worth $199M.

  • Advent Capital Management's largest Q4 2021 buy was Bank of America Series L: 137,053 shares worth $199M.
  • Advent Capital Management added most to American Electric Power Company, Inc. Corporate Units in Q4 2021, an estimated $9.02M increase.
  • Advent Capital Management's biggest Q4 2021 reduction was Stanley Black & Decker, Inc., cutting an estimated $6.09M.
  • Advent Capital Management fully exited Lockheed Martin in Q4 2021, selling an estimated $3.8M.
  • Advent Capital Management's ten largest holdings make up 21% of its $5.95B portfolio in Q4 2021.
  • Advent Capital Management opened 55 new positions and closed 33 in Q4 2021.
  • Advent Capital Management's portfolio value rose 10% quarter-over-quarter to $5.95B.

Based on Advent Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.