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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
-1.12%
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
$4.13B
AUM Growth
-$719M
Cap. Flow
-$3.8B
Cap. Flow %
-92.02%
Top 10 Hldgs %
20.24%
Holding
359
New
40
Increased
25
Reduced
28
Closed
118

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$33.3M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$31.9M
3
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$28.2M
4
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$22.4M
5
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$7.59M

Top Sells

Rank Stock Value
1
SRE.PRB
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
+$8.59M
2
HES.PRA
Hess Corporation
HES.PRA
+$8.43M
3
DIS icon
Walt Disney
DIS
+$6.32M
4
LAZ icon
Lazard
LAZ
+$5.63M
5
VZ icon
Verizon
VZ
+$5.34M

Sector Composition

Rank Sector Weight
1 Industrials 0.48%
2 Communication Services 0.48%
3 Consumer Discretionary 0.45%
4 Consumer Staples 0.33%
5 Healthcare 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MET icon
151
MetLife
MET
$62.1B
– –
-89
Closed -$4K
MGY icon
152
Magnolia Oil & Gas
MGY
$5.94B
– –
-300,000
Closed -$4.5M
MRSH
153
Marsh
MRSH
$91.5B
– –
-15
Closed -$1K
MRK icon
154
Merck
MRK
$318B
– –
-47,289
Closed -$3.2M
MS icon
155
CALL
Morgan Stanley
MS
$340B
– –
-375
Closed -$2K
MTB icon
156
M&T Bank
MTB
$36.2B
– –
-16,750
Closed -$2.76M
MU icon
157
CALL
Micron Technology
MU
$991B
– –
-1,200
Closed -$14K
NCLH icon
158
Norwegian Cruise Line
NCLH
$8.84B
– –
-13,500
Closed -$775K
NVS icon
159
Novartis
NVS
$297B
– –
-61
Closed -$5K
ODP
160
CALL
DELISTED
ODP
ODP
– –
-100
Closed -$28K
OEF icon
161
PUT
iShares S&P 100 ETF
OEF
$20.6B
– –
-1,000
Closed -$12K
OMF icon
162
OneMain Financial
OMF
$7.47B
– –
-36,000
Closed -$1.21M
ORCL icon
163
Oracle
ORCL
$423B
– –
-67
Closed -$3K
PBR icon
164
PUT
Petrobras
PBR
$116B
– –
-150
Closed -$1K
PEP icon
165
PepsiCo
PEP
$190B
– –
-25
Closed -$3K
PG icon
166
Procter & Gamble
PG
$339B
– –
-44
Closed -$4K
QCOM icon
167
Qualcomm
QCOM
$176B
– –
-83
Closed -$6K
RDFN
168
PUT
DELISTED
Redfin
RDFN
– –
-250
Closed -$6K
RF icon
169
Regions Financial
RF
$26.8B
– –
-85,100
Closed -$1.56M
RIG icon
170
Transocean
RIG
$5.82B
– –
-17,776
Closed -$248K
SCHW
171
Charles Schwab
SCHW
$187B
– –
-66
Closed -$3K
SHW icon
172
Sherwin-Williams
SHW
$89.8B
– –
-21
Closed -$3K
SIRI icon
173
CALL
SiriusXM
SIRI
$10.1B
– –
-29
Closed -$1K
SLB icon
174
SLB Ltd
SLB
$75B
– –
-67
Closed -$4K
SPG icon
175
Simon Property Group
SPG
$72.3B
– –
-19
Closed -$3K
5 6
7
8 9

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Advent Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Advent Capital Management held 359 positions worth $4.13B, down 15% from $4.85B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $3.8B in Q4 2018, closing 118 positions and reducing 28 holdings. Its most notable exit was Lazard, an estimated $5.63M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 0.48% of assets, down from 0.51% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Advent Capital Management opened a new position in CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S worth $22.4M.

  • Advent Capital Management's largest Q4 2018 buy was CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S: 445,050 shares worth $22.4M.
  • Advent Capital Management added most to Bank of America Series L in Q4 2018, an estimated $33.3M increase.
  • Advent Capital Management's biggest Q4 2018 reduction was Sempra 6.75% Mandatory Convertible Preferred Stock, Series B, cutting an estimated $8.59M.
  • Advent Capital Management fully exited Lazard in Q4 2018, selling an estimated $5.63M.
  • Advent Capital Management's ten largest holdings make up 20% of its $4.13B portfolio in Q4 2018.
  • Advent Capital Management opened 40 new positions and closed 118 in Q4 2018.
  • Advent Capital Management's portfolio value fell 15% quarter-over-quarter to $4.13B.

Based on Advent Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.