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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
+0.45%
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
$5.22B
AUM Growth
-$59.7M
Cap. Flow
-$4.38B
Cap. Flow %
-83.93%
Top 10 Hldgs %
20.19%
Holding
340
New
53
Increased
23
Reduced
13
Closed
82
Avg Time Held Equity + Options
6.5 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
7.3 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
CMI icon
Cummins
CMI
+$8.55M
2
ANTX icon
Anthem, Inc.
ANTX
+$6.23M
3
SWP icon
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 icon
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$23.5M
3
TMUSP icon
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 Miscellaneous 97.42%
2 Financials 0.54%
3 Industrials 0.48%
4 Healthcare 0.48%
5 Consumer Discretionary 0.35%
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
$107M 2.05%
81,310
+3,301
+4% +$4.37M
2015 Q1
11 quarters
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.67B
$72.2M 1.38%
54,880
-2,753
-5% -$3.62M
2015 Q1
11 quarters
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
2017 Q2
2 quarters
SWP icon
4
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$44.6M 0.85%
363,302
+45,662
+14% +$5.47M
2017 Q2
2 quarters
NEE.PRR icon
5
DELISTED
NextEra Energy, Inc.
NEE.PRR
$42.4M 0.81%
748,550
+43,454
+6% +$2.46M
2016 Q3
5 quarters
CCI.PRA icon
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
2017 Q3
1 quarter
DCUD
7
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$28.7M 0.55%
554,922
+82,745
+18% +$4.3M
2016 Q3
5 quarters
ANTX icon
8
DELISTED
Anthem, Inc.
ANTX
$24.8M 0.47%
442,326
+114,619
+35% +$6.23M
2015 Q2
10 quarters
FLG.PRU icon
9
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$21.3M 0.41%
421,353
+16,521
+4% +$836K
2017 Q2
2 quarters
WELL.PRI icon
10
DELISTED
Welltower Inc.
WELL.PRI
$19.6M 0.38%
326,000
+53,000
+19% +$3.28M
2015 Q1
11 quarters
TREE icon
11
LendingTree
TREE
$354M
$14.7M 0.28%
43,160
+17,160
+66% +$4.87M
2017 Q3
1 quarter
WPXP
12
DELISTED
WPX Energy, Inc.
WPXP
$14.3M 0.27%
232,114
+81,785
+54% +$4.48M
2017 Q2
2 quarters
AMT.PRB icon
13
DELISTED
American Tower Corporation
AMT.PRB
$12.9M 0.25%
102,685
-16,716
-14% -$2.1M
2015 Q1
11 quarters
CMI icon
14
Cummins
CMI
$72.1B
$8.83M 0.17%
+50,000
New +$8.55M
2017 Q4
0 quarters
GM icon
15
General Motors
GM
$72.6B
$8.14M 0.16%
198,541
+46,541
+31% +$2.02M
2016 Q2
6 quarters
VZ icon
16
Verizon
VZ
$173B
$7.94M 0.15%
150,000
+25,000
+20% +$1.23M
2016 Q3
5 quarters
NEE.PRQ icon
17
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$7.79M 0.15%
111,271
+1,500
+1% +$104K
2015 Q3
9 quarters
UPS icon
18
United Parcel Service
UPS
$80.5B
$7.1M 0.14%
59,575
-4,025
-6% -$473K
2017 Q1
3 quarters
M icon
19
Macy's
M
$5.92B
$5.04M 0.1%
200,000
– –
2017 Q3
1 quarter
WMT icon
20
Walmart Inc
WMT
$883B
$4.94M 0.09%
150,000
-68,628
-31% -$2.1M
2017 Q3
1 quarter
TGT icon
21
Target
TGT
$69.8B
$4.89M 0.09%
+75,000
New +$4.53M
2017 Q4
0 quarters
FLXN icon
22
DELISTED
Flexion Therapeutics, Inc.
FLXN
$4.61M 0.09%
184,267
+169,267
+1,128% +$4.14M
2017 Q3
1 quarter
MRK icon
23
Merck
MRK
$359B
$4.56M 0.09%
84,888
– –
2016 Q4
4 quarters
AEUA
24
DELISTED
Anadarko Petroleum Corporation
AEUA
$4.3M 0.08%
127,364
+4,875
+4% +$174K
2017 Q1
3 quarters
CELG
25
DELISTED
Celgene Corp
CELG
$4.17M 0.08%
+40,000
New +$4.51M
2017 Q4
0 quarters
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 Miscellaneous at 97% of assets, down from 98% a quarter earlier, followed by Financials and Industrials.

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.