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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
+0.35%
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
$6.55B
AUM Growth
+$51.7M
Cap. Flow
-$5.27B
Cap. Flow %
-80.48%
Top 10 Hldgs %
16.68%
Holding
529
New
57
Increased
20
Reduced
22
Closed
97

Top Buys

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$29.6M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$13.4M
3
NEE.PRQ
NextEra Energy, Inc.
NEE.PRQ
+$10.3M
4
BMY icon
Bristol-Myers Squibb
BMY
+$5.99M
5
AMT.PRB
American Tower Corporation
AMT.PRB
+$5.12M

Top Sells

Rank Stock Value
1
FTRPR
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
+$18.7M
2
NEE.PRP
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
+$17.1M
3
DCUC
Dominion Energy, Inc.
DCUC
+$9.44M
4
DCUA
DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA)
DCUA
+$7.75M
5
MGM icon
MGM Resorts International
MGM
+$7.36M

Sector Composition

Rank Sector Weight
1 Healthcare 0.4%
2 Industrials 0.19%
3 Communication Services 0.09%
4 Financials 0.06%
5 Technology 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WFC.PRL icon
1
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$149M 2.28%
124,036
+25,128
+25% +$29.6M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$66.4M 1.01%
58,374
+12,077
+26% +$13.4M
ANTX
3
DELISTED
Anthem, Inc.
ANTX
$54.8M 0.84%
1,172,056
+22,000
+2% +$990K
ARE.PRD
4
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
$46.8M 0.71%
1,599,560
+44,750
+3% +$1.24M
FTRPR
5
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
$46M 0.7%
440,804
-199,750
-31% -$18.7M
KEY.PRG
6
DELISTED
KeyCorp Pfd
KEY.PRG
$38.9M 0.59%
298,058
– –
NEE.PRQ
7
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$35M 0.53%
578,638
+182,568
+46% +$10.3M
SWH
8
DELISTED
Stanley Black & Decker, Inc.
SWH
$31M 0.47%
272,179
+45,000
+20% +$4.85M
AMT.PRB
9
DELISTED
American Tower Corporation
AMT.PRB
$22.6M 0.35%
219,942
+52,000
+31% +$5.12M
DCUC
10
DELISTED
Dominion Energy, Inc.
DCUC
$16.6M 0.25%
328,552
-191,728
-37% -$9.44M
TMUSP
11
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$13M 0.2%
196,130
+25,000
+15% +$1.63M
DCUB
12
DELISTED
DOMINION RESOURCES INC CORP UNIT 2013 SER B (VA)
DCUB
$10.5M 0.16%
180,500
+85,000
+89% +$4.74M
CI icon
13
Cigna
CI
$74.6B
$7.82M 0.12%
57,000
-12,000
-17% -$1.65M
SRCLP
14
DELISTED
Stericycle, Inc
SRCLP
$6.64M 0.1%
71,000
– –
BMY icon
15
Bristol-Myers Squibb
BMY
$132B
$6.07M 0.09%
+95,000
New +$5.99M
GD icon
16
General Dynamics
GD
$106B
$5.91M 0.09%
45,000
+5,000
+13% +$663K
AMT.PRA
17
DELISTED
American Tower Corporation
AMT.PRA
$5.77M 0.09%
55,000
– –
GILD icon
18
Gilead Sciences
GILD
$165B
$4.36M 0.07%
47,500
-17,500
-27% -$1.58M
AEUA
19
DELISTED
Anadarko Petroleum Corporation
AEUA
$4.16M 0.06%
+120,400
New +$3.51M
EXCU
20
DELISTED
Exelon Corporation
EXCU
$3.95M 0.06%
80,160
-56,500
-41% -$2.52M
BIIB icon
21
Biogen
BIIB
$30.7B
$3.9M 0.06%
15,000
– –
BX icon
22
Blackstone
BX
$110B
$3.83M 0.06%
136,500
-21,000
-13% -$555K
XLNX
23
DELISTED
Xilinx Inc
XLNX
$3.56M 0.05%
75,000
-50,692
-40% -$2.38M
RHT
24
DELISTED
Red Hat Inc
RHT
$3.3M 0.05%
44,266
-48,134
-52% -$3.4M
GSK icon
25
GSK
GSK
$106B
$2.92M 0.04%
57,600
– –
1
2 3 4 5

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Advent Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Advent Capital Management held 529 positions worth $6.55B, up 0.8% from $6.5B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Advent Capital Management withdrew a net $5.27B in Q1 2016, closing 97 positions and reducing 22 holdings. Its most notable exit was DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA), an estimated $7.75M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 0.4% of assets, down from 0.47% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Advent Capital Management opened a new position in Bristol-Myers Squibb worth $6.07M.

  • Advent Capital Management's largest Q1 2016 buy was Bristol-Myers Squibb: 95,000 shares worth $6.07M.
  • Advent Capital Management added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q1 2016, an estimated $29.6M increase.
  • Advent Capital Management's biggest Q1 2016 reduction was Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock, cutting an estimated $18.7M.
  • Advent Capital Management fully exited DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA) in Q1 2016, selling an estimated $7.75M.
  • Advent Capital Management's ten largest holdings make up 17% of its $6.55B portfolio in Q1 2016.
  • Advent Capital Management opened 57 new positions and closed 97 in Q1 2016.
  • Advent Capital Management's portfolio value rose 0.8% quarter-over-quarter to $6.55B.

Based on Advent Capital Management's 13F filing for Q1 2016, filed 13 May 2016.