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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
BAX icon
151
Baxter International
BAX
$14.2B
$3K ﹤0.01%
+41
New +$3.04K
BXP icon
152
Boston Properties
BXP
$11.1B
$3K ﹤0.01%
+24
New +$3.06K
CL icon
153
Colgate-Palmolive
CL
$74.4B
$3K ﹤0.01%
+40
New +$2.66K
KEY icon
154
KeyCorp
KEY
$24.4B
$3K ﹤0.01%
+145
New +$3.01K
KLAC icon
155
KLA
KLAC
$259B
$3K ﹤0.01%
+270
New +$2.95K
KMB icon
156
Kimberly-Clark
KMB
$36.5B
$3K ﹤0.01%
+25
New +$2.8K
ORCL icon
157
Oracle
ORCL
$423B
$3K ﹤0.01%
+67
New +$3.25K
PEP icon
158
PepsiCo
PEP
$190B
$3K ﹤0.01%
+25
New +$2.83K
SCHW
159
Charles Schwab
SCHW
$187B
$3K ﹤0.01%
+66
New +$3.37K
SHW icon
160
Sherwin-Williams
SHW
$89.8B
$3K ﹤0.01%
+21
New +$3.11K
SPG icon
161
Simon Property Group
SPG
$72.3B
$3K ﹤0.01%
+19
New +$3.36K
VOD icon
162
Vodafone
VOD
$37.4B
$3K ﹤0.01%
+117
New +$2.72K
VRNT
163
PUT
DELISTED
Verint Systems
VRNT
$3K ﹤0.01%
+540
New +$13.1K
AMAT icon
164
Applied Materials
AMAT
$428B
$2K ﹤0.01%
+54
New +$2.39K
AMH icon
165
American Homes 4 Rent
AMH
$12.5B
$2K ﹤0.01%
+78
New +$1.76K
ASML icon
166
ASML
ASML
$669B
$2K ﹤0.01%
+12
New +$2.41K
CME icon
167
CME Group
CME
$94.8B
$2K ﹤0.01%
+9
New +$1.51K
INTC icon
168
Intel
INTC
$513B
$2K ﹤0.01%
+32
New +$1.56K
MS icon
169
CALL
Morgan Stanley
MS
$340B
$2K ﹤0.01%
+375
New +$18.3K
WMT icon
170
CALL
Walmart Inc
WMT
$890B
$2K ﹤0.01%
900
-2,100
-70% -$64.2K
MRSH
171
Marsh
MRSH
$91.5B
$1K ﹤0.01%
+15
New +$1.27K
PBR icon
172
PUT
Petrobras
PBR
$116B
$1K ﹤0.01%
+150
New +$1.66K
SIRI icon
173
CALL
SiriusXM
SIRI
$10.1B
$1K ﹤0.01%
+29
New +$2.02K
CHTR icon
174
CALL
Charter Communications
CHTR
$18.2B
– –
-50
Closed -$69K
CMCSA icon
175
CALL
Comcast
CMCSA
$90B
– –
-2,000
Closed -$139K
5 6
7
8 9

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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.