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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
+0.45%
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
$5.22B
AUM Growth
-$59.7M
Cap. Flow
-$4.38B
Cap. Flow %
-83.92%
Top 10 Hldgs %
20.19%
Holding
340
New
53
Increased
23
Reduced
13
Closed
82

Top Buys

Rank Stock Value
1
CMI icon
Cummins
CMI
+$8.55M
2
ANTX
Anthem, Inc.
ANTX
+$6.23M
3
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$5.47M
4
TREE icon
LendingTree
TREE
+$4.87M
5
TGT icon
Target
TGT
+$4.53M

Top Sells

Rank Stock Value
1
AGN.PRA
Allergan plc
AGN.PRA
+$48.9M
2
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$23.5M
3
TMUSP
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
+$15.9M
4
AAL icon
American Airlines Group
AAL
+$7.12M
5
BKNG icon
Booking.com
BKNG
+$6.99M

Sector Composition

Rank Sector Weight
1 Financials 0.54%
2 Industrials 0.48%
3 Healthcare 0.48%
4 Consumer Discretionary 0.35%
5 Communication Services 0.26%
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
$107M 2.05%
81,310
+3,301
+4% +$4.37M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$72.2M 1.38%
54,880
-2,753
-5% -$3.62M
BDXA
3
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$66.4M 1.27%
1,141,541
+23,720
+2% +$1.38M
SWP
4
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$44.6M 0.85%
363,302
+45,662
+14% +$5.47M
NEE.PRR
5
DELISTED
NextEra Energy, Inc.
NEE.PRR
$42.4M 0.81%
748,550
+43,454
+6% +$2.46M
CCI.PRA
6
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$39.1M 0.75%
34,495
-21,233
-38% -$23.5M
DCUD
7
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$28.7M 0.55%
554,922
+82,745
+18% +$4.3M
ANTX
8
DELISTED
Anthem, Inc.
ANTX
$24.8M 0.47%
442,326
+114,619
+35% +$6.23M
FLG.PRU
9
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$21.3M 0.41%
421,353
+16,521
+4% +$836K
WELL.PRI
10
DELISTED
Welltower Inc.
WELL.PRI
$19.6M 0.38%
326,000
+53,000
+19% +$3.28M
TREE icon
11
LendingTree
TREE
$451M
$14.7M 0.28%
43,160
+17,160
+66% +$4.87M
WPXP
12
DELISTED
WPX Energy, Inc.
WPXP
$14.3M 0.27%
232,114
+81,785
+54% +$4.48M
AMT.PRB
13
DELISTED
American Tower Corporation
AMT.PRB
$12.9M 0.25%
102,685
-16,716
-14% -$2.1M
CMI icon
14
Cummins
CMI
$88.7B
$8.83M 0.17%
+50,000
New +$8.55M
GM icon
15
General Motors
GM
$76.8B
$8.14M 0.16%
198,541
+46,541
+31% +$2.02M
VZ icon
16
Verizon
VZ
$196B
$7.94M 0.15%
150,000
+25,000
+20% +$1.23M
NEE.PRQ
17
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$7.79M 0.15%
111,271
+1,500
+1% +$104K
UPS icon
18
United Parcel Service
UPS
$88.9B
$7.1M 0.14%
59,575
-4,025
-6% -$473K
M icon
19
Macy's
M
$6.68B
$5.04M 0.1%
200,000
– –
WMT icon
20
Walmart Inc
WMT
$890B
$4.94M 0.09%
150,000
-68,628
-31% -$2.1M
TGT icon
21
Target
TGT
$68B
$4.89M 0.09%
+75,000
New +$4.53M
FLXN
22
DELISTED
Flexion Therapeutics, Inc.
FLXN
$4.61M 0.09%
184,267
+169,267
+1,128% +$4.14M
MRK icon
23
Merck
MRK
$318B
$4.56M 0.09%
84,888
– –
AEUA
24
DELISTED
Anadarko Petroleum Corporation
AEUA
$4.3M 0.08%
127,364
+4,875
+4% +$174K
CELG
25
DELISTED
Celgene Corp
CELG
$4.17M 0.08%
+40,000
New +$4.51M
1
2 3 4 5

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Advent Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Advent Capital Management held 340 positions worth $5.22B, down 1.1% from $5.28B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $4.38B in Q4 2017, closing 82 positions and reducing 13 holdings. Its most notable exit was Allergan plc, an estimated $48.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 0.54% of assets, up from 0.32% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Advent Capital Management opened a new position in Cummins worth $8.83M.

  • Advent Capital Management's largest Q4 2017 buy was Cummins: 50,000 shares worth $8.83M.
  • Advent Capital Management added most to Anthem, Inc. in Q4 2017, an estimated $6.23M increase.
  • Advent Capital Management's biggest Q4 2017 reduction was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $23.5M.
  • Advent Capital Management fully exited Allergan plc in Q4 2017, selling an estimated $48.9M.
  • Advent Capital Management's ten largest holdings make up 20% of its $5.22B portfolio in Q4 2017.
  • Advent Capital Management opened 53 new positions and closed 82 in Q4 2017.
  • Advent Capital Management's portfolio value fell 1.1% quarter-over-quarter to $5.22B.

Based on Advent Capital Management's 13F filing for Q4 2017, filed 13 Feb 2018.