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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
+0.07%
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
$5.28B
AUM Growth
+$54.3M
Cap. Flow
-$4.36B
Cap. Flow %
-82.49%
Top 10 Hldgs %
19.92%
Holding
370
New
76
Increased
15
Reduced
31
Closed
81

Top Buys

Rank Stock Value
1
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$60.3M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$9.46M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$9.12M
4
BKNG icon
Booking.com
BKNG
+$7.25M
5
WMT icon
Walmart Inc
WMT
+$5.74M

Top Sells

Rank Stock Value
1
ANTX
Anthem, Inc.
ANTX
+$15.7M
2
GXP.PRB.CL
Great Plains Energy Incorporated
GXP.PRB.CL
+$13.1M
3
ARNC.PRB
Arconic Inc.
ARNC.PRB
+$12.4M
4
CMI icon
Cummins
CMI
+$9.08M
5
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$8.9M

Sector Composition

Rank Sector Weight
1 Industrials 0.47%
2 Consumer Discretionary 0.42%
3 Financials 0.32%
4 Healthcare 0.3%
5 Communication Services 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
$103M 1.96%
78,009
+6,862
+10% +$9.12M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$75.4M 1.43%
57,633
+7,254
+14% +$9.46M
BDXA
3
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$61.5M 1.16%
1,117,821
+90,556
+9% +$5.02M
CCI.PRA
4
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$59.1M 1.12%
+55,728
New +$60.3M
AGN.PRA
5
DELISTED
Allergan plc
AGN.PRA
$48.9M 0.93%
66,208
+1,701
+3% +$1.41M
NEE.PRR
6
DELISTED
NextEra Energy, Inc.
NEE.PRR
$39.1M 0.74%
705,096
-2,571
-0.4% -$142K
SWP
7
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$36.3M 0.69%
317,640
-80,730
-20% -$8.9M
DCUD
8
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$24M 0.45%
472,177
+23,395
+5% +$1.19M
FLG.PRU
9
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$20.5M 0.39%
404,832
+71,721
+22% +$3.66M
WELL.PRI
10
DELISTED
Welltower Inc.
WELL.PRI
$17.3M 0.33%
273,000
+74,915
+38% +$4.89M
ANTX
11
DELISTED
Anthem, Inc.
ANTX
$17.1M 0.32%
327,707
-301,249
-48% -$15.7M
TMUSP
12
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$15.9M 0.3%
159,575
-18,786
-11% -$1.91M
AMT.PRB
13
DELISTED
American Tower Corporation
AMT.PRB
$14.6M 0.28%
119,401
-2,758
-2% -$342K
WPXP
14
DELISTED
WPX Energy, Inc.
WPXP
$8.01M 0.15%
150,329
+89
+0.1% +$4.31K
UPS icon
15
United Parcel Service
UPS
$88.9B
$7.64M 0.14%
63,600
-16,100
-20% -$1.83M
NEE.PRQ
16
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$7.27M 0.14%
109,771
-95
-0.1% -$6.3K
AAL icon
17
American Airlines Group
AAL
$10.6B
$7.12M 0.13%
150,000
+50,000
+50% +$2.42M
BKNG icon
18
Booking.com
BKNG
$161B
$6.99M 0.13%
+95,500
New +$7.25M
TREE icon
19
LendingTree
TREE
$451M
$6.36M 0.12%
+26,000
New +$5.61M
VZ icon
20
Verizon
VZ
$196B
$6.19M 0.12%
125,000
-40,000
-24% -$1.88M
GM icon
21
General Motors
GM
$76.8B
$6.14M 0.12%
152,000
-60,000
-28% -$2.19M
INCY icon
22
Incyte
INCY
$24.4B
$5.89M 0.11%
50,500
+10,000
+25% +$1.27M
WMT icon
23
Walmart Inc
WMT
$890B
$5.7M 0.11%
+218,628
New +$5.74M
AMT icon
24
American Tower
AMT
$80.4B
$5.47M 0.1%
+40,000
New +$5.57M
RGLD icon
25
Royal Gold
RGLD
$19.5B
$5.19M 0.1%
+60,300
New +$5.22M
1
2 3 4 5

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Advent Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Advent Capital Management held 370 positions worth $5.28B, up 1% from $5.23B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $4.36B in Q3 2017, closing 81 positions and reducing 31 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $13.1M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 0.47% of assets, down from 0.84% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Advent Capital Management opened a new position in Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A worth $59.1M.

  • Advent Capital Management's largest Q3 2017 buy was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A: 55,728 shares worth $59.1M.
  • Advent Capital Management added most to Bank of America Series L in Q3 2017, an estimated $9.46M increase.
  • Advent Capital Management's biggest Q3 2017 reduction was Anthem, Inc., cutting an estimated $15.7M.
  • Advent Capital Management fully exited Great Plains Energy Incorporated in Q3 2017, selling an estimated $13.1M.
  • Advent Capital Management's ten largest holdings make up 20% of its $5.28B portfolio in Q3 2017.
  • Advent Capital Management opened 76 new positions and closed 81 in Q3 2017.
  • Advent Capital Management's portfolio value rose 1% quarter-over-quarter to $5.28B.

Based on Advent Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.