We are live on ! Find out more
ACM

Advent Capital Management Portfolio holdings

AUM $3.63B
1-Year Est. Return 0.29%
This Fund
S&P 500
This Quarter Est. Return
+0.48%
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
$4.85B
AUM Growth
+$101M
Cap. Flow
-$3.87B
Cap. Flow %
-79.75%
Top 10 Hldgs %
18.07%
Holding
361
New
113
Increased
29
Reduced
25
Closed
42

Top Buys

Rank Stock Value
1
IFFT
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
+$30.9M
2
SRE.PRB
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
Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
+$24M
3
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$19.3M
4
SJIU
South Jersey Industries, Inc.
SJIU
+$11M
5
NEE.PRQ
NextEra Energy, Inc.
NEE.PRQ
+$7.98M

Sector Composition

Rank Sector Weight
1 Communication Services 0.61%
2 Financials 0.52%
3 Industrials 0.51%
4 Healthcare 0.39%
5 Consumer Discretionary 0.35%
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
$104M 2.14%
80,535
+12,801
+19% +$16.3M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$102M 2.11%
66,274
+12,458
+23% +$16M
NEE.PRR
3
DELISTED
NextEra Energy, Inc.
NEE.PRR
$52.7M 1.09%
384,727
-332,147
-46% -$19.3M
SWP
4
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$47.6M 0.98%
434,897
-67,950
-14% -$7.43M
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
CCI.PRA
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
DCUD
7
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$33.1M 0.68%
698,357
+100,400
+17% +$4.77M
IFFT
8
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$31.1M 0.64%
+570,000
New +$30.9M
SRE.PRB
9
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$20.1M 0.42%
+199,368
New +$20.5M
HES.PRA
10
DELISTED
Hess Corporation
HES.PRA
$18.5M 0.38%
232,643
-12,100
-5% -$888K
FLG.PRU
11
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$17M 0.35%
344,404
+7,486
+2% +$372K
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
FTV.PRA
13
DELISTED
Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A
FTV.PRA
$12M 0.25%
+11,247
New +$11.8M
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
DIS icon
15
Walt Disney
DIS
$181B
$9.12M 0.19%
78,000
+73,000
+1,460% +$8.13M
URI icon
16
United Rentals
URI
$72.4B
$6.54M 0.13%
40,000
-3,000
-7% -$467K
UPS icon
17
United Parcel Service
UPS
$88.9B
$6.18M 0.13%
52,980
+5,000
+10% +$588K
GILD icon
18
Gilead Sciences
GILD
$165B
$6.03M 0.12%
78,035
+8,035
+11% +$607K
CAT icon
19
Caterpillar
CAT
$387B
$5.7M 0.12%
37,400
-15,000
-29% -$2.12M
WMT icon
20
Walmart Inc
WMT
$890B
$5.68M 0.12%
181,608
-88,392
-33% -$2.7M
LAZ icon
21
Lazard
LAZ
$4.31B
$5.63M 0.12%
+117,037
New +$5.82M
WYNN icon
22
Wynn Resorts
WYNN
$10.6B
$5.47M 0.11%
+43,088
New +$6.4M
VZ icon
23
Verizon
VZ
$196B
$5.34M 0.11%
100,093
+93
+0.1% +$4.92K
USB icon
24
US Bancorp
USB
$99.6B
$5.29M 0.11%
100,106
-9,894
-9% -$524K
BG icon
25
Bunge Global
BG
$20.8B
$5.01M 0.1%
+72,900
New +$4.81M
1
2 3 4 5

Similar funds

GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SCM
Saba Capital Management New York $3.62B AUM 12.96% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
OCM
One Capital Management Westlake Village, California $3.65B AUM 15.32% 1-Year Est. Return
AA
Advisory Alpha Holland, Michigan $3.66B AUM 14.99% 1-Year Est. Return
GCM
Gates Capital Management New York $3.66B AUM 12.63% 1-Year Est. Return
MTIM
Marathon Trading Investment Management Radnor, Pennsylvania $3.67B AUM 21.97% 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 Communication Services at 0.61% of assets, up from 0.28% a quarter earlier, followed by Financials and Industrials.

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.