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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
-0.03%
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
$4.75B
AUM Growth
-$340M
(-6.7%)
Cap. Flow
-$4.36B
Cap. Flow
% of AUM
-91.64%
Top 10 Holdings %
Top 10 Hldgs %
16.84%
Holding
332
New
60
Increased
16
Reduced
21
Closed
56
Avg Time Held Equity + Options
6
quarters
Top 10 Avg Time Held Equity + Options
2.3
quarters
Top 20 Avg Time Held Equity + Options
3.5
quarters
Avg Time Held Equity only
7
quarters
Top 10 Avg Time Held Equity only
2.3
quarters
Top 20 Avg Time Held Equity only
3.5
quarters
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
|
+$26.9M |
| 2 |
Anthem, Inc.
ANTX
|
+$25.3M |
| 3 |
Bunge Global
BG
|
+$7.3M |
| 4 |
WPXP
WPX Energy, Inc.
WPXP
|
+$7.1M |
| 5 |
United Parcel Service
UPS
|
+$6.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 97.98% |
| 2 | Industrials | 0.39% |
| 3 | Healthcare | 0.35% |
| 4 | Financials | 0.34% |
| 5 | Consumer Discretionary | 0.33% |
| 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
| $85.2M | 1.79% |
67,734
+6,207
| +10% | +$7.89M |
2015 Q1
13 quarters
|
|
|
BDXA
2
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
| $76.5M | 1.61% |
1,124,706
+357,119
| +47% | +$21.3M |
2017 Q2
4 quarters
|
|
3
Bank of America Series L
BAC.PRL
$3.67B
| $67.4M | 1.42% |
53,816
+5,439
| +11% | +$6.9M |
2015 Q1
13 quarters
|
|
4
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
| $53.1M | 1.12% |
502,847
+12,649
| +3% | +$1.39M |
2017 Q2
4 quarters
|
|
5
DELISTED
NextEra Energy, Inc.
NEE.PRR
| $40.9M | 0.86% |
716,874
-26,276
| -4% | -$1.49M |
2016 Q3
7 quarters
|
|
6
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
| $38.7M | 0.81% |
36,047
+2,674
| +8% | +$2.83M |
2017 Q3
3 quarters
|
|
|
DCUD
7
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
| $27.6M | 0.58% |
597,957
+41,422
| +7% | +$1.85M |
2016 Q3
7 quarters
|
|
8
DELISTED
Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
| $24M | 0.5% |
+525,252
| New | +$25.8M |
2018 Q2
0 quarters
|
|
9
DELISTED
Hess Corporation
HES.PRA
| $18.4M | 0.39% |
244,743
-41,165
| -14% | -$2.8M |
2018 Q1
1 quarter
|
|
10
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
| $16.9M | 0.36% |
336,918
-17,761
| -5% | -$880K |
2017 Q2
4 quarters
|
|
|
SJIU
11
DELISTED
South Jersey Industries, Inc.
SJIU
| $11M | 0.23% |
+200,745
| New | +$10.7M |
2018 Q2
0 quarters
|
|
12
Merck
MRK
$359B
| $9.77M | 0.21% |
168,728
+52,400
| +45% | +$2.96M |
2016 Q4
6 quarters
|
|
|
AIZP
13
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
| $8.92M | 0.19% |
79,496
-253,604
| -76% | -$26.9M |
2018 Q1
1 quarter
|
|
|
14
DELISTED
NextEra Energy, Inc.
NEE.PRQ
| $7.98M | 0.17% |
107,771
| – | – |
2015 Q3
11 quarters
|
|
15
Walmart Inc
WMT
$883B
| $7.71M | 0.16% |
270,000
+75,000
| +38% | +$2.13M |
2017 Q3
3 quarters
|
|
|
WPXP
16
DELISTED
WPX Energy, Inc.
WPXP
| $7.67M | 0.16% |
102,111
-98,933
| -49% | -$7.1M |
2017 Q2
4 quarters
|
|
17
Caterpillar
CAT
$368B
| $7.11M | 0.15% |
52,400
-8,000
| -13% | -$1.2M |
2018 Q1
1 quarter
|
|
18
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $6.62M | 0.14% |
63,730
+12,536
| +24% | +$1.27M |
2018 Q1
1 quarter
|
|
19
United Rentals
URI
$65.8B
| $6.35M | 0.13% |
43,000
-8,500
| -17% | -$1.39M |
2018 Q1
1 quarter
|
|
20
US Bancorp
USB
$88.9B
| $5.5M | 0.12% |
110,000
-10,000
| -8% | -$507K |
2018 Q1
1 quarter
|
|
|
21
United Parcel Service
UPS
$80.5B
| $5.1M | 0.11% |
47,980
-62,000
| -56% | -$6.96M |
2017 Q1
5 quarters
|
|
22
Verizon
VZ
$173B
| $5.03M | 0.11% |
100,000
-5,000
| -5% | -$242K |
2016 Q3
7 quarters
|
|
23
Gilead Sciences
GILD
$187B
| $4.96M | 0.1% |
70,000
| – | – |
2018 Q1
1 quarter
|
|
24
Ford
F
$48.5B
| $4.87M | 0.1% |
440,000
-270,000
| -38% | -$3.09M |
2018 Q1
1 quarter
|
|
25
Texas Instruments
TXN
$259B
| $4.41M | 0.09% |
40,000
-20,000
| -33% | -$2.16M |
2018 Q1
1 quarter
|
|
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Advent Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Advent Capital Management held 332 positions worth $4.75B, down 6.7% from $5.09B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Advent Capital Management withdrew a net $4.36B in Q2 2018, closing 56 positions and reducing 21 holdings. Its most notable exit was Anthem, Inc., an estimated $25.3M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, up from 97% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Advent Capital Management opened a new position in Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A worth $24M.
- Advent Capital Management's largest Q2 2018 buy was Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A: 525,252 shares worth $24M.
- Advent Capital Management added most to Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6 in Q2 2018, an estimated $21.3M increase.
- Advent Capital Management's biggest Q2 2018 reduction was Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value, cutting an estimated $26.9M.
- Advent Capital Management fully exited Anthem, Inc. in Q2 2018, selling an estimated $25.3M.
- Advent Capital Management's ten largest holdings make up 17% of its $4.75B portfolio in Q2 2018.
- Advent Capital Management opened 60 new positions and closed 56 in Q2 2018.
- Advent Capital Management's portfolio value fell 6.7% quarter-over-quarter to $4.75B.
Based on Advent Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.