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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
SPY icon
176
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
– –
-400
Closed -$78K
STM icon
177
STMicroelectronics
STM
$50B
– –
-10,000
Closed -$150K
STT icon
178
State Street
STT
$50.7B
– –
-46
Closed -$4K
STWD icon
179
Starwood Property Trust
STWD
$6.09B
– –
-211
Closed -$5K
SUPN icon
180
Supernus Pharmaceuticals
SUPN
$2.77B
– –
-15,000
Closed -$755K
SWK icon
181
Stanley Black & Decker
SWK
$15.7B
– –
-37
Closed -$5K
SYF icon
182
Synchrony
SYF
$25.6B
– –
-91,810
Closed -$2.85M
SYNA icon
183
CALL
Synaptics
SYNA
$4.15B
– –
-225
Closed -$4K
TAP icon
184
PUT
Molson Coors Class B
TAP
$8.09B
– –
-200
Closed -$6K
TDOC icon
185
CALL
Teladoc Health
TDOC
$1.3B
– –
-150
Closed -$170K
TXN icon
186
Texas Instruments
TXN
$261B
– –
-40,043
Closed -$4.3M
UA icon
187
Under Armour Class C
UA
$2.53B
– –
-30,000
Closed -$584K
UA icon
188
PUT
Under Armour Class C
UA
$2.53B
– –
-300
Closed -$4K
USB icon
189
US Bancorp
USB
$99.6B
– –
-100,106
Closed -$5.29M
VOD icon
190
Vodafone
VOD
$37.4B
– –
-117
Closed -$3K
VRNT
191
DELISTED
Verint Systems
VRNT
– –
-6,085
Closed -$155K
VRNT
192
PUT
DELISTED
Verint Systems
VRNT
– –
-540
Closed -$3K
VSH icon
193
CALL
Vishay Intertechnology
VSH
$5.43B
– –
-2,200
Closed -$26K
VZ icon
194
Verizon
VZ
$196B
– –
-100,093
Closed -$5.34M
WDC icon
195
Western Digital
WDC
$150B
– –
-26,460
Closed -$1.17M
WDC icon
196
PUT
Western Digital
WDC
$150B
– –
-265
Closed -$49K
WMT icon
197
CALL
Walmart Inc
WMT
$890B
– –
-900
Closed -$2K
XLF icon
198
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
– –
-15,000
Closed -$414K
XOM icon
199
ExxonMobil
XOM
$634B
– –
-66
Closed -$6K
PXD
200
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-5,000
Closed -$871K
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.