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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
MDRX
201
DELISTED
Veradigm Inc. Common Stock
MDRX
– –
-30,800
Closed -$439K
CLVS
202
DELISTED
Clovis Oncology, Inc.
CLVS
– –
-5,000
Closed -$147K
CLVS
203
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
– –
-425
Closed -$361K
SC
204
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
– –
-36,000
Closed -$721K
QTS
205
DELISTED
QTS REALTY TRUST, INC.
QTS
– –
-5,573
Closed -$238K
NAV
206
DELISTED
Navistar International
NAV
– –
-14,000
Closed -$539K
CHK
207
CALL
DELISTED
Chesapeake Energy Corporation
CHK
– –
-28
Closed -$24K
RTN
208
DELISTED
Raytheon Company
RTN
– –
-12,523
Closed -$2.59M
AABA
209
CALL
DELISTED
Altaba Inc
AABA
– –
-500
Closed -$13K
AABA
210
DELISTED
Altaba Inc
AABA
– –
-4,500
Closed -$307K
WFT
211
CALL
DELISTED
Weatherford International plc
WFT
– –
-2,250
Closed -$7K
CRC
212
DELISTED
California Resources Corporation
CRC
– –
-10,000
Closed -$485K
DISH
213
DELISTED
DISH Network Corp.
DISH
– –
-36,000
Closed -$1.29M
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.