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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
-0.09%
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
$5.43B
AUM Growth
-$1.48B
Cap. Flow
-$5.07B
Cap. Flow %
-93.37%
Top 10 Hldgs %
17.09%
Holding
384
New
100
Increased
13
Reduced
16
Closed
79

Top Buys

Rank Stock Value
1
DCUD
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
+$13.8M
2
ARNC.PRB
Arconic Inc.
ARNC.PRB
+$12.5M
3
GXP.PRB.CL
Great Plains Energy Incorporated
GXP.PRB.CL
+$7.94M
4
DTV
DTE Energy Company 2016 Corporate Units
DTV
+$7.14M
5
SRCLP
Stericycle, Inc
SRCLP
+$6.34M

Top Sells

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$70.3M
2
ARE.PRD
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
+$50.1M
3
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$26.5M
4
BDC.PRB
Belden Inc.
BDC.PRB
+$23.3M
5
DCUC
Dominion Energy, Inc.
DCUC
+$17.8M

Sector Composition

Rank Sector Weight
1 Communication Services 0.61%
2 Healthcare 0.41%
3 Financials 0.33%
4 Consumer Discretionary 0.24%
5 Industrials 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGYPW
201
PUT
DELISTED
Synergy Pharmaceuticals, Inc. - Warrants
SGYPW
– –
-400
Closed -$4K
SWH
202
DELISTED
Stanley Black & Decker, Inc.
SWH
– –
-51,863
Closed -$6.55M
CELG
203
CALL
DELISTED
Celgene Corp
CELG
– –
-300
Closed -$8K
CELG
204
PUT
DELISTED
Celgene Corp
CELG
– –
-300
Closed -$12K
DCUC
205
DELISTED
Dominion Energy, Inc.
DCUC
– –
-357,295
Closed -$17.8M
AA.PRB
206
DELISTED
Alcoa Inc
AA.PRB
– –
-298,695
Closed -$9.86M
RHT
207
CALL
DELISTED
Red Hat Inc
RHT
– –
-250
Closed -$100K
FNSR
208
PUT
DELISTED
Finisar Corp
FNSR
– –
-400
Closed -$3K
5 6 7 8
9

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Advent Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Advent Capital Management held 384 positions worth $5.43B, down 21% from $6.92B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Advent Capital Management withdrew a net $5.07B in Q4 2016, closing 79 positions and reducing 16 holdings. Its most notable exit was Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock, an estimated $50.1M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 0.61% of assets, up from 0.13% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Advent Capital Management opened a new position in Arconic Inc. worth $11.9M.

  • Advent Capital Management's largest Q4 2016 buy was Arconic Inc.: 393,670 shares worth $11.9M.
  • Advent Capital Management added most to Dominion Energy, Inc 2016 Series A Corporate Units in Q4 2016, an estimated $13.8M increase.
  • Advent Capital Management's biggest Q4 2016 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $70.3M.
  • Advent Capital Management fully exited Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock in Q4 2016, selling an estimated $50.1M.
  • Advent Capital Management's ten largest holdings make up 17% of its $5.43B portfolio in Q4 2016.
  • Advent Capital Management opened 100 new positions and closed 79 in Q4 2016.
  • Advent Capital Management's portfolio value fell 21% quarter-over-quarter to $5.43B.

Based on Advent Capital Management's 13F filing for Q4 2016, filed 13 Feb 2017.