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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
WFC.PRL icon
1
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$72.3M 1.33%
60,748
-56,696
-48% -$70.3M
ANTX
2
DELISTED
Anthem, Inc.
ANTX
$62.2M 1.15%
1,326,274
-44,968
-3% -$2.02M
BAC.PRL icon
3
Bank of America Series L
BAC.PRL
$3.99B
$41.5M 0.76%
35,574
-22,250
-38% -$26.5M
KEY.PRG
4
DELISTED
KeyCorp Pfd
KEY.PRG
$38.9M 0.72%
288,157
-4,182
-1% -$567K
FTRPR
5
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
$38.3M 0.71%
539,219
+69,282
+15% +$5.31M
NEE.PRR
6
DELISTED
NextEra Energy, Inc.
NEE.PRR
$37.4M 0.69%
761,473
+20,125
+3% +$988K
DCUD
7
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$23.7M 0.44%
468,005
+277,104
+145% +$13.8M
AMT.PRB
8
DELISTED
American Tower Corporation
AMT.PRB
$17.7M 0.33%
170,445
– –
TMUSP
9
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$15.7M 0.29%
166,498
– –
ARNC.PRB
10
DELISTED
Arconic Inc.
ARNC.PRB
$11.9M 0.22%
+393,670
New +$12.5M
WELL.PRI
11
DELISTED
Welltower Inc.
WELL.PRI
$10.1M 0.19%
168,000
+35,000
+26% +$2.12M
SWNC
12
DELISTED
Southwestern Energy Company
SWNC
$9.06M 0.17%
354,457
– –
RHT
13
DELISTED
Red Hat Inc
RHT
$8.34M 0.15%
119,666
+18,200
+18% +$1.4M
WFC icon
14
Wells Fargo
WFC
$264B
$8.27M 0.15%
150,000
– –
GXP.PRB.CL
15
DELISTED
Great Plains Energy Incorporated
GXP.PRB.CL
$7.89M 0.15%
+155,865
New +$7.94M
CI icon
16
Cigna
CI
$74.6B
$7.6M 0.14%
57,000
– –
DTV
17
DELISTED
DTE Energy Company 2016 Corporate Units
DTV
$7.25M 0.13%
+137,500
New +$7.14M
GM icon
18
General Motors
GM
$76.8B
$6.69M 0.12%
192,000
-78,000
-29% -$2.62M
VZ icon
19
Verizon
VZ
$196B
$6.67M 0.12%
125,000
+115,000
+1,150% +$5.75M
LAZ icon
20
Lazard
LAZ
$4.31B
$6.57M 0.12%
+160,000
New +$6.22M
NEE.PRQ
21
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$6.46M 0.12%
112,171
– –
SRCLP
22
DELISTED
Stericycle, Inc
SRCLP
$6.36M 0.12%
+100,000
New +$6.34M
TWX
23
DELISTED
Time Warner Inc
TWX
$5.36M 0.1%
+55,500
New +$4.94M
GILD icon
24
Gilead Sciences
GILD
$165B
$5.19M 0.1%
72,500
+10,000
+16% +$743K
TSNU
25
DELISTED
Tyson Foods, Inc.
TSNU
$5.09M 0.09%
+75,000
New +$5.4M
1
2 3 4 5

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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.