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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
+0.06%
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
$7.44B
AUM Growth
+$1.08B
Cap. Flow
-$5.75B
Cap. Flow %
-77.3%
Top 10 Hldgs %
10.86%
Holding
619
New
46
Increased
16
Reduced
12
Closed
59

Top Buys

Rank Stock Value
1
INTC icon
Intel
INTC
+$6.91M
2
BP icon
BP
BP
+$6.29M
3
TIF
Tiffany & Co.
TIF
+$5.32M
4
DISH
DISH Network Corp.
DISH
+$5M
5
AIG icon
American International
AIG
+$3.8M

Top Sells

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$67.5M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$63.5M
3
MLU
METLIFE, INC. COM EQUITY UNIT
MLU
+$40.2M
4
KEY.PRG
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 Communication Services 0.28%
2 Technology 0.16%
3 Healthcare 0.13%
4 Consumer Discretionary 0.1%
5 Financials 0.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC.PRL icon
1
Bank of America Series L
BAC.PRL
$3.99B
– –
-57,907
Closed -$63.5M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
– –
-58,729
Closed -$67.5M
GM.PRB
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
KEY.PRG
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
WELL.PRI
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
NEE.PRO
10
DELISTED
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
– –
-185,278
Closed -$10.4M
VOD icon
11
Vodafone
VOD
$37.4B
$10.8M 0.15%
302,138
+7,838
+3% +$248K
GM.WS.B
12
DELISTED
General Motors Company
GM.WS.B
$7.62M 0.1%
409,634
+22,800
+6% +$426K
WY.PRA
13
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
– –
-115,000
Closed -$6.05M
INTC icon
14
Intel
INTC
$513B
$6.88M 0.09%
+300,000
New +$6.91M
TIF
15
DELISTED
Tiffany & Co.
TIF
$6.59M 0.09%
86,015
+67,596
+367% +$5.32M
BP icon
16
BP
BP
$107B
$6.3M 0.08%
+183,382
New +$6.29M
NEE.PRP
17
DELISTED
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
– –
0
– –
DISH
18
DELISTED
DISH Network Corp.
DISH
$6.06M 0.08%
134,683
+111,038
+470% +$5M
AIG icon
19
American International
AIG
$41.3B
$5.84M 0.08%
120,000
+80,000
+200% +$3.8M
BMRN icon
20
BioMarin Pharmaceuticals
BMRN
$12.4B
$2.98M 0.04%
41,261
+4,261
+12% +$283K
TMUS icon
21
T-Mobile US
TMUS
$190B
$2.42M 0.03%
93,013
+63,013
+210% +$1.54M
PENN icon
22
PENN Entertainment
PENN
$2.71B
$2.38M 0.03%
+190,189
New +$2.29M
HYG icon
23
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$2.29M 0.03%
25,000
-25,000
-50% -$2.29M
MSFT icon
24
Microsoft
MSFT
$3.71T
$1.96M 0.03%
+58,933
New +$1.94M
ALXN
25
DELISTED
Alexion Pharmaceuticals
ALXN
$1.86M 0.03%
+16,000
New +$1.76M
1
2 3 4

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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 Communication Services at 0.28% of assets, up from 0.16% a quarter earlier, followed by Technology and Healthcare.

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.