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ACM
Advent Capital Management Portfolio holdings
AUM
$4.46B
1-Year Est. Return
0.73%
This Fund
S&P 500
This Quarter
Est. Return
+0.06%
1 Year Est. Return
+0.73%
3 Year Est. Return
+2.9%
5 Year Est. Return
+0.82%
10 Year Est. Return
+4.72%
AUM
$7.44B
AUM Growth
+$1.08B
(+17%)
Cap. Flow
-$5.75B
Cap. Flow
% of AUM
-77.3%
Top 10 Holdings %
Top 10 Hldgs %
10.86%
Holding
619
New
46
Increased
16
Reduced
12
Closed
59
Avg Time Held
0.7
quarters
Top 10 Avg Time Held
0.7
quarters
Top 20 Avg Time Held
0.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$6.91M |
| 2 |
BP
BP
|
+$6.29M |
| 3 |
TIF
Tiffany & Co.
TIF
|
+$5.32M |
| 4 |
DISH
DISH Network Corp.
DISH
|
+$5M |
| 5 |
American International
AIG
|
+$3.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$67.5M |
| 2 |
Bank of America Series L
BAC.PRL
|
+$63.5M |
| 3 |
MLU
METLIFE, INC. COM EQUITY UNIT
MLU
|
+$40.2M |
| 4 |
KeyCorp Pfd
KEY.PRG
|
+$38.1M |
| 5 |
UTX.PRA
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
|
+$37.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99% |
| 2 | Communication Services | 0.28% |
| 3 | Consumer Discretionary | 0.19% |
| 4 | Technology | 0.17% |
| 5 | Healthcare | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Bank of America Series L
BAC.PRL
$3.67B
| – | – |
-57,907
| Closed | -$63.5M | – |
|
|
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
| – | – |
-58,729
| Closed | -$67.5M | – |
|
3
DELISTED
GENERAL MTRS CO JR PFD CONV SER B (DE)
GM.PRB
| – | – |
-534,405
| Closed | -$26.6M | – |
|
|
UTX.PRA
4
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
| – | – |
-588,786
| Closed | -$37.4M | – |
|
|
5
DELISTED
KeyCorp Pfd
KEY.PRG
| – | – |
-301,125
| Closed | -$38.1M | – |
|
|
MLU
6
DELISTED
METLIFE, INC. COM EQUITY UNIT
MLU
| – | – |
-1,155,376
| Closed | -$40.2M | – |
|
|
SWU
7
DELISTED
STANLEY BLACK & DECKER INC CORP UNIT
SWU
| – | – |
-231,302
| Closed | -$31.1M | – |
|
8
DELISTED
Welltower Inc.
WELL.PRI
| – | – |
-440,172
| Closed | -$26.1M | – |
|
|
DCUA
9
DELISTED
DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA)
DCUA
| – | – |
-288,000
| Closed | -$14.9M | – |
|
10
DELISTED
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
| – | – |
-185,278
| Closed | -$10.4M | – |
|
11
Vodafone
VOD
$36B
| $10.8M | 0.15% |
302,138
+7,838
| +3% | +$248K |
2013 Q2
1 quarter
|
|
|
12
DELISTED
General Motors Company
GM.WS.B
| $7.62M | 0.1% |
409,634
+22,800
| +6% | +$426K |
2013 Q2
1 quarter
|
|
13
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
| – | – |
-115,000
| Closed | -$6.05M | – |
|
|
14
Intel
INTC
$553B
| $6.88M | 0.09% |
+300,000
| New | +$6.91M |
2013 Q3
0 quarters
|
|
|
TIF
15
DELISTED
Tiffany & Co.
TIF
| $6.59M | 0.09% |
86,015
+67,596
| +367% | +$5.32M |
2013 Q2
1 quarter
|
|
|
16
BP
BP
$119B
| $6.3M | 0.08% |
+183,382
| New | +$6.29M |
2013 Q3
0 quarters
|
|
|
17
DELISTED
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
| – | – |
0
| – | – |
2013 Q3
0 quarters
|
|
|
DISH
18
DELISTED
DISH Network Corp.
DISH
| $6.06M | 0.08% |
134,683
+111,038
| +470% | +$5M |
2013 Q2
1 quarter
|
|
|
19
American International
AIG
$40.3B
| $5.84M | 0.08% |
120,000
+80,000
| +200% | +$3.8M |
2013 Q2
1 quarter
|
|
20
BioMarin Pharmaceuticals
BMRN
$10.6B
| $2.98M | 0.04% |
41,261
+4,261
| +12% | +$283K |
2013 Q2
1 quarter
|
|
21
T-Mobile US
TMUS
$159B
| $2.42M | 0.03% |
93,013
+63,013
| +210% | +$1.54M |
2013 Q2
1 quarter
|
|
22
PENN Entertainment
PENN
$2.08B
| $2.38M | 0.03% |
+190,189
| New | +$2.29M |
2013 Q3
0 quarters
|
|
23
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
| $2.29M | 0.03% |
25,000
-25,000
| -50% | -$2.29M |
2013 Q2
1 quarter
|
|
24
Microsoft
MSFT
$3.97T
| $1.96M | 0.03% |
+58,933
| New | +$1.94M |
2013 Q3
0 quarters
|
|
|
ALXN
25
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.86M | 0.03% |
+16,000
| New | +$1.76M |
2013 Q3
0 quarters
|
|
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Advent Capital Management's Q3 2013 Portfolio in Review
As of Q3 2013, Advent Capital Management held 619 positions worth $7.44B, up 17% from $6.36B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Advent Capital Management withdrew a net $5.75B in Q3 2013, closing 59 positions and reducing 12 holdings. Its most notable exit was Wells Fargo 7.5% Non Cumv Perp Conv, an estimated $67.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 99% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Advent Capital Management opened a new position in Intel worth $6.88M.
- Advent Capital Management's largest Q3 2013 buy was Intel: 300,000 shares worth $6.88M.
- Advent Capital Management added most to Tiffany & Co. in Q3 2013, an estimated $5.32M increase.
- Advent Capital Management's biggest Q3 2013 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $2.29M.
- Advent Capital Management fully exited Wells Fargo 7.5% Non Cumv Perp Conv in Q3 2013, selling an estimated $67.5M.
- Advent Capital Management's ten largest holdings make up 11% of its $7.44B portfolio in Q3 2013.
- Advent Capital Management opened 46 new positions and closed 59 in Q3 2013.
- Advent Capital Management's portfolio value rose 17% quarter-over-quarter to $7.44B.
Based on Advent Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.