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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
+0.07%
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
$5.28B
AUM Growth
+$54.3M
Cap. Flow
-$4.35B
Cap. Flow %
-82.44%
Top 10 Hldgs %
19.92%
Holding
370
New
76
Increased
15
Reduced
31
Closed
81
Avg Time Held Equity + Options
5.7 quarters
Top 10 Avg Time Held Equity + Options
3.9 quarters
Top 20 Avg Time Held Equity + Options
4.5 quarters
Avg Time Held Equity only
6.8 quarters
Top 10 Avg Time Held Equity only
3.9 quarters
Top 20 Avg Time Held Equity only
4.5 quarters

Top Buys

Rank Stock Value
1
CCI.PRA icon
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 icon
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 icon
Stanley Black & Decker, Inc. Corporate Units
SWP
+$8.9M

Sector Composition

Rank Sector Weight
1 Miscellaneous 97.77%
2 Industrials 0.47%
3 Consumer Discretionary 0.42%
4 Financials 0.32%
5 Healthcare 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WFC.PRL icon
1
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
$103M 1.96%
78,009
+6,862
+10% +$9.12M
2015 Q1
10 quarters
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.67B
$75.4M 1.43%
57,633
+7,254
+14% +$9.46M
2015 Q1
10 quarters
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
2017 Q2
1 quarter
CCI.PRA icon
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
2017 Q3
0 quarters
AGN.PRA
5
DELISTED
Allergan plc
AGN.PRA
$48.9M 0.93%
66,208
+1,701
+3% +$1.41M
2017 Q2
1 quarter
NEE.PRR icon
6
DELISTED
NextEra Energy, Inc.
NEE.PRR
$39.1M 0.74%
705,096
-2,571
-0.4% -$142K
2016 Q3
4 quarters
SWP icon
7
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$36.3M 0.69%
317,640
-80,730
-20% -$8.9M
2017 Q2
1 quarter
DCUD
8
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$24M 0.45%
472,177
+23,395
+5% +$1.19M
2016 Q3
4 quarters
FLG.PRU icon
9
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$20.5M 0.39%
404,832
+71,721
+22% +$3.66M
2017 Q2
1 quarter
WELL.PRI icon
10
DELISTED
Welltower Inc.
WELL.PRI
$17.3M 0.33%
273,000
+74,915
+38% +$4.89M
2015 Q1
10 quarters
ANTX icon
11
DELISTED
Anthem, Inc.
ANTX
$17.1M 0.32%
327,707
-301,249
-48% -$15.7M
2015 Q2
9 quarters
TMUSP icon
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
2014 Q4
11 quarters
AMT.PRB icon
13
DELISTED
American Tower Corporation
AMT.PRB
$14.6M 0.28%
119,401
-2,758
-2% -$342K
2015 Q1
10 quarters
WPXP
14
DELISTED
WPX Energy, Inc.
WPXP
$8.01M 0.15%
150,329
+89
+0.1% +$4.31K
2017 Q2
1 quarter
UPS icon
15
United Parcel Service
UPS
$80.5B
$7.64M 0.14%
63,600
-16,100
-20% -$1.83M
2017 Q1
2 quarters
NEE.PRQ icon
16
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$7.27M 0.14%
109,771
-95
-0.1% -$6.3K
2015 Q3
8 quarters
AAL icon
17
American Airlines Group
AAL
$8.45B
$7.12M 0.13%
150,000
+50,000
+50% +$2.42M
2016 Q4
3 quarters
BKNG icon
18
Booking.com
BKNG
$120B
$6.99M 0.13%
+95,500
New +$7.25M
2017 Q3
0 quarters
TREE icon
19
LendingTree
TREE
$354M
$6.36M 0.12%
+26,000
New +$5.61M
2017 Q3
0 quarters
VZ icon
20
Verizon
VZ
$173B
$6.19M 0.12%
125,000
-40,000
-24% -$1.88M
2016 Q3
4 quarters
GM icon
21
General Motors
GM
$72.6B
$6.14M 0.12%
152,000
-60,000
-28% -$2.19M
2016 Q2
5 quarters
INCY icon
22
Incyte
INCY
$22.9B
$5.89M 0.11%
50,500
+10,000
+25% +$1.27M
2017 Q2
1 quarter
WMT icon
23
Walmart Inc
WMT
$883B
$5.7M 0.11%
+218,628
New +$5.74M
2017 Q3
0 quarters
AMT icon
24
American Tower
AMT
$84.9B
$5.47M 0.1%
+40,000
New +$5.57M
2017 Q3
0 quarters
RGLD icon
25
Royal Gold
RGLD
$20B
$5.19M 0.1%
+60,300
New +$5.22M
2017 Q3
0 quarters
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 $4.35B 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 Miscellaneous at 98% of assets, up from 98% a quarter earlier, followed by Industrials and Consumer Discretionary.

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.