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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
-0.26%
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
$5.09B
AUM Growth
-$128M
(-2.5%)
Cap. Flow
-$4.41B
Cap. Flow
% of AUM
-86.6%
Top 10 Holdings %
Top 10 Hldgs %
16.95%
Holding
325
New
58
Increased
13
Reduced
27
Closed
54
Avg Time Held Equity + Options
6.1
quarters
Top 10 Avg Time Held Equity + Options
3
quarters
Top 20 Avg Time Held Equity + Options
4.8
quarters
Avg Time Held Equity only
6.6
quarters
Top 10 Avg Time Held Equity only
3
quarters
Top 20 Avg Time Held Equity only
4.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
|
+$34.2M |
| 2 |
Hess Corporation
HES.PRA
|
+$16.7M |
| 3 |
Stanley Black & Decker, Inc. Corporate Units
SWP
|
+$15.1M |
| 4 |
Caterpillar
CAT
|
+$9.54M |
| 5 |
United Rentals
URI
|
+$9.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$25.4M |
| 2 |
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
|
+$22.2M |
| 3 |
Welltower Inc.
WELL.PRI
|
+$19.6M |
| 4 |
American Tower Corporation
AMT.PRB
|
+$12.9M |
| 5 |
LendingTree
TREE
|
+$11.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.63% |
| 2 | Industrials | 0.76% |
| 3 | Financials | 0.69% |
| 4 | Consumer Discretionary | 0.62% |
| 5 | Healthcare | 0.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
| $78.6M | 1.54% |
61,527
-19,783
| -24% | -$25.4M |
2015 Q1
12 quarters
|
|
2
Bank of America Series L
BAC.PRL
$3.67B
| $62.1M | 1.22% |
48,377
-6,503
| -12% | -$8.28M |
2015 Q1
12 quarters
|
|
|
3
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
| $56.4M | 1.11% |
490,198
+126,896
| +35% | +$15.1M |
2017 Q2
3 quarters
|
|
|
BDXA
4
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
| $44.6M | 0.88% |
767,587
-373,954
| -33% | -$22.2M |
2017 Q2
3 quarters
|
|
5
DELISTED
NextEra Energy, Inc.
NEE.PRR
| $43M | 0.84% |
743,150
-5,400
| -0.7% | -$302K |
2016 Q3
6 quarters
|
|
6
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
| $37.2M | 0.73% |
33,373
-1,122
| -3% | -$1.23M |
2017 Q3
2 quarters
|
|
|
AIZP
7
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
| $34.6M | 0.68% |
+333,100
| New | +$34.2M |
2018 Q1
0 quarters
|
|
|
DCUD
8
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
| $25.8M | 0.51% |
556,535
+1,613
| +0.3% | +$79.4K |
2016 Q3
6 quarters
|
|
9
DELISTED
Anthem, Inc.
ANTX
| $25.3M | 0.5% |
469,826
+27,500
| +6% | +$1.58M |
2015 Q2
11 quarters
|
|
10
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
| $17.7M | 0.35% |
354,679
-66,674
| -16% | -$3.35M |
2017 Q2
3 quarters
|
|
|
11
DELISTED
Hess Corporation
HES.PRA
| $17.1M | 0.34% |
+285,908
| New | +$16.7M |
2018 Q1
0 quarters
|
|
|
WPXP
12
DELISTED
WPX Energy, Inc.
WPXP
| $12.7M | 0.25% |
201,044
-31,070
| -13% | -$1.93M |
2017 Q2
3 quarters
|
|
13
United Parcel Service
UPS
$80.5B
| $11.5M | 0.23% |
109,980
+50,405
| +85% | +$5.83M |
2017 Q1
4 quarters
|
|
|
14
Caterpillar
CAT
$368B
| $8.9M | 0.17% |
+60,400
| New | +$9.54M |
2018 Q1
0 quarters
|
|
|
15
United Rentals
URI
$65.8B
| $8.9M | 0.17% |
+51,500
| New | +$9.14M |
2018 Q1
0 quarters
|
|
16
Ford
F
$48.5B
| $7.87M | 0.15% |
+710,000
| New | +$8.01M |
2018 Q1
0 quarters
|
|
|
17
DELISTED
NextEra Energy, Inc.
NEE.PRQ
| $7.85M | 0.15% |
107,771
-3,500
| -3% | -$241K |
2015 Q3
10 quarters
|
|
18
Bunge Global
BG
$19.7B
| $7.3M | 0.14% |
98,800
+88,800
| +888% | +$6.71M |
2017 Q4
1 quarter
|
|
19
Lowe's Companies
LOW
$104B
| $7.11M | 0.14% |
81,000
+57,755
| +248% | +$5.47M |
2017 Q3
2 quarters
|
|
20
Royal Caribbean
RCL
$75.5B
| $6.83M | 0.13% |
+58,000
| New | +$7.33M |
2018 Q1
0 quarters
|
|
21
Cummins
CMI
$72.1B
| $6.32M | 0.12% |
39,000
-11,000
| -22% | -$1.89M |
2017 Q4
1 quarter
|
|
22
Texas Instruments
TXN
$259B
| $6.23M | 0.12% |
+60,000
| New | +$6.5M |
2018 Q1
0 quarters
|
|
23
General Motors
GM
$72.6B
| $6.18M | 0.12% |
170,000
-28,541
| -14% | -$1.16M |
2016 Q2
7 quarters
|
|
24
US Bancorp
USB
$88.9B
| $6.06M | 0.12% |
+120,000
| New | +$6.56M |
2018 Q1
0 quarters
|
|
25
Merck
MRK
$359B
| $6.05M | 0.12% |
116,328
+31,440
| +37% | +$1.7M |
2016 Q4
5 quarters
|
|
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Advent Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Advent Capital Management held 325 positions worth $5.09B, down 2.5% from $5.22B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Advent Capital Management withdrew a net $4.41B in Q1 2018, closing 54 positions and reducing 27 holdings. Its most notable exit was Welltower Inc., an estimated $19.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, down from 97% a quarter earlier, followed by Industrials and Financials.
Against the trend, Advent Capital Management opened a new position in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value worth $34.6M.
- Advent Capital Management's largest Q1 2018 buy was Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value: 333,100 shares worth $34.6M.
- Advent Capital Management added most to Stanley Black & Decker, Inc. Corporate Units in Q1 2018, an estimated $15.1M increase.
- Advent Capital Management's biggest Q1 2018 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $25.4M.
- Advent Capital Management fully exited Welltower Inc. in Q1 2018, selling an estimated $19.6M.
- Advent Capital Management's ten largest holdings make up 17% of its $5.09B portfolio in Q1 2018.
- Advent Capital Management opened 58 new positions and closed 54 in Q1 2018.
- Advent Capital Management's portfolio value fell 2.5% quarter-over-quarter to $5.09B.
Based on Advent Capital Management's 13F filing for Q1 2018, filed 11 May 2018.