We are live on ! Find out more
ACM

Advent Capital Management Portfolio holdings

AUM $4.46B
1-Year Est. Return 0.73%
This Fund
S&P 500
This Quarter Est. Return
+0.48%
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
$4.85B
AUM Growth
+$101M
Cap. Flow
-$3.87B
Cap. Flow %
-79.72%
Top 10 Hldgs %
18.07%
Holding
361
New
113
Increased
29
Reduced
25
Closed
42
Avg Time Held Equity + Options
4.3 quarters
Top 10 Avg Time Held Equity + Options
0.7 quarters
Top 20 Avg Time Held Equity + Options
3.5 quarters
Avg Time Held Equity only
4.7 quarters
Top 10 Avg Time Held Equity only
0.7 quarters
Top 20 Avg Time Held Equity only
3.5 quarters

Top Buys

Rank Stock Value
1
IFFT
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
+$30.9M
2
SRE.PRB icon
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
+$20.5M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$16.3M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$16M
5
QTS.PRB
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
+$13.4M

Top Sells

Rank Stock Value
1
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$26.1M
2
NBR.PRA icon
Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
+$24M
3
NEE.PRR icon
NextEra Energy, Inc.
NEE.PRR
+$19.3M
4
SJIU
South Jersey Industries, Inc.
SJIU
+$11M
5
NEE.PRQ icon
NextEra Energy, Inc.
NEE.PRQ
+$7.98M

Sector Composition

Rank Sector Weight
1 Miscellaneous 96.79%
2 Communication Services 0.61%
3 Financials 0.52%
4 Industrials 0.51%
5 Healthcare 0.39%
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
$104M 2.14%
80,535
+12,801
+19% +$16.3M
2015 Q1
14 quarters
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.67B
$102M 2.11%
66,274
+12,458
+23% +$16M
2015 Q1
14 quarters
NEE.PRR icon
3
DELISTED
NextEra Energy, Inc.
NEE.PRR
$52.7M 1.09%
384,727
-332,147
-46% -$19.3M
2016 Q3
8 quarters
SWP icon
4
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$47.6M 0.98%
434,897
-67,950
-14% -$7.43M
2017 Q2
5 quarters
BDXA
5
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$46.9M 0.97%
715,450
-409,256
-36% -$26.1M
2017 Q2
5 quarters
CCI.PRA icon
6
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$36.1M 0.74%
33,339
-2,708
-8% -$2.93M
2017 Q3
4 quarters
DCUD
7
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$33.1M 0.68%
698,357
+100,400
+17% +$4.77M
2016 Q3
8 quarters
IFFT
8
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$31.1M 0.64%
+570,000
New +$30.9M
2018 Q3
0 quarters
SRE.PRB icon
9
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$20.1M 0.42%
+199,368
New +$20.5M
2018 Q3
0 quarters
HES.PRA icon
10
DELISTED
Hess Corporation
HES.PRA
$18.5M 0.38%
232,643
-12,100
-5% -$888K
2018 Q1
2 quarters
FLG.PRU icon
11
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$17M 0.35%
344,404
+7,486
+2% +$372K
2017 Q2
5 quarters
QTS.PRB
12
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$13.1M 0.27%
+124,237
New +$13.4M
2018 Q3
0 quarters
FTV.PRA icon
13
DELISTED
Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A
FTV.PRA
$12M 0.25%
+11,247
New +$11.8M
2018 Q3
0 quarters
AIZP
14
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
$9.93M 0.2%
86,789
+7,293
+9% +$827K
2018 Q1
2 quarters
DIS icon
15
Walt Disney
DIS
$187B
$9.12M 0.19%
78,000
+73,000
+1,460% +$8.13M
2018 Q2
1 quarter
URI icon
16
United Rentals
URI
$65.8B
$6.54M 0.13%
40,000
-3,000
-7% -$467K
2018 Q1
2 quarters
UPS icon
17
United Parcel Service
UPS
$80.5B
$6.18M 0.13%
52,980
+5,000
+10% +$588K
2017 Q1
6 quarters
GILD icon
18
Gilead Sciences
GILD
$187B
$6.03M 0.12%
78,035
+8,035
+11% +$607K
2018 Q1
2 quarters
CAT icon
19
Caterpillar
CAT
$368B
$5.7M 0.12%
37,400
-15,000
-29% -$2.12M
2018 Q1
2 quarters
WMT icon
20
Walmart Inc
WMT
$883B
$5.68M 0.12%
181,608
-88,392
-33% -$2.7M
2017 Q3
4 quarters
LAZ icon
21
Lazard
LAZ
$3.58B
$5.63M 0.12%
+117,037
New +$5.82M
2018 Q3
0 quarters
WYNN icon
22
Wynn Resorts
WYNN
$7.74B
$5.47M 0.11%
+43,088
New +$6.4M
2018 Q3
0 quarters
VZ icon
23
Verizon
VZ
$173B
$5.34M 0.11%
100,093
+93
+0.1% +$4.92K
2016 Q3
8 quarters
USB icon
24
US Bancorp
USB
$88.9B
$5.29M 0.11%
100,106
-9,894
-9% -$524K
2018 Q1
2 quarters
BG icon
25
Bunge Global
BG
$19.7B
$5.01M 0.1%
+72,900
New +$4.81M
2018 Q3
0 quarters
1
2 3 4 5

Similar funds

EFM
E Fund Management Guangzhou, China $4.46B AUM
MAM
Magellan Asset Management Sydney, Australia $4.47B AUM 4.2% 1-Year Est. Return
WSFS
Wilmington Savings Fund Society Wilmington, Delaware $4.48B AUM 24.77% 1-Year Est. Return
AP
Americana Partners Houston, Texas $4.44B AUM 29.45% 1-Year Est. Return
WA
WestEnd Advisors Charlotte, North Carolina $4.49B AUM 19.44% 1-Year Est. Return
BP
BC Partners New York $4.43B AUM 49.12% 1-Year Est. Return
AOI
Auto-Owners Insurance Lansing, Michigan $4.43B AUM 30.05% 1-Year Est. Return
5NCM
59 North Capital Management Houston, Texas $4.49B AUM 6.4% 1-Year Est. Return

Advent Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Advent Capital Management held 361 positions worth $4.85B, up 2.1% from $4.75B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Advent Capital Management withdrew a net $3.87B in Q3 2018, closing 42 positions and reducing 25 holdings. Its most notable exit was Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A, an estimated $24M 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 Communication Services and Financials.

Against the trend, Advent Capital Management opened a new position in International Flavors & Fragrances Inc. 6.00% Tangible Equity Units worth $31.1M.

  • Advent Capital Management's largest Q3 2018 buy was International Flavors & Fragrances Inc. 6.00% Tangible Equity Units: 570,000 shares worth $31.1M.
  • Advent Capital Management added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q3 2018, an estimated $16.3M increase.
  • Advent Capital Management's biggest Q3 2018 reduction was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6, cutting an estimated $26.1M.
  • Advent Capital Management fully exited Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A in Q3 2018, selling an estimated $24M.
  • Advent Capital Management's ten largest holdings make up 18% of its $4.85B portfolio in Q3 2018.
  • Advent Capital Management opened 113 new positions and closed 42 in Q3 2018.
  • Advent Capital Management's portfolio value rose 2.1% quarter-over-quarter to $4.85B.

Based on Advent Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.