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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
DIS icon
176
CALL
Walt Disney
DIS
$181B
– –
-50
Closed -$2K
F icon
177
Ford
F
$55.7B
– –
-440,000
Closed -$4.87M
GLD icon
178
SPDR Gold Trust
GLD
$141B
– –
-15,000
Closed -$1.78M
GWRE icon
179
PUT
Guidewire Software
GWRE
$14.2B
– –
-100
Closed -$9K
IEMG icon
180
PUT
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
– –
-1,000
Closed -$65K
ILCV icon
181
PUT
iShares Morningstar Value ETF
ILCV
$1.35B
– –
-500
Closed -$11K
LOW icon
182
Lowe's Companies
LOW
$125B
– –
-45,000
Closed -$4.3M
MRK icon
183
CALL
Merck
MRK
$318B
– –
-105
Closed -$5K
MU icon
184
PUT
Micron Technology
MU
$991B
– –
-300
Closed -$27K
OKTA icon
185
PUT
Okta
OKTA
$25.8B
– –
-350
Closed -$38K
PARA
186
CALL
DELISTED
Paramount Global Class B
PARA
– –
-100
Closed -$10K
PBR icon
187
CALL
Petrobras
PBR
$116B
– –
-2,000
Closed -$58K
QQQ icon
188
PUT
Invesco QQQ Trust
QQQ
$484B
– –
-400
Closed -$39K
TDOC icon
189
PUT
Teladoc Health
TDOC
$1.3B
– –
-150
Closed -$21K
VRNT
190
CALL
DELISTED
Verint Systems
VRNT
– –
-404
Closed -$9K
WDAY icon
191
Workday
WDAY
$44.4B
– –
-12,200
Closed -$1.48M
WDAY icon
192
PUT
Workday
WDAY
$44.4B
– –
-200
Closed -$63K
NVRO
193
CALL
DELISTED
NEVRO CORP.
NVRO
– –
-200
Closed -$34K
MDRX
194
CALL
DELISTED
Veradigm Inc. Common Stock
MDRX
– –
-1,000
Closed -$20K
BBBY
195
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-200
Closed -$7K
ZEN
196
PUT
DELISTED
ZENDESK INC
ZEN
– –
-150
Closed -$8K
TWTR
197
CALL
DELISTED
Twitter, Inc.
TWTR
– –
-529
Closed -$30K
TWTR
198
PUT
DELISTED
Twitter, Inc.
TWTR
– –
-500
Closed -$3K
SC
199
CALL
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
– –
-1,000
Closed -$13K
NAV
200
CALL
DELISTED
Navistar International
NAV
– –
-500
Closed -$39K
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.