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ACM

Advent Capital Management Portfolio holdings

AUM $3.63B
1-Year Est. Return 0.29%
This Fund
S&P 500
This Quarter Est. Return
-1.12%
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
$4.13B
AUM Growth
-$719M
Cap. Flow
-$3.8B
Cap. Flow %
-92.02%
Top 10 Hldgs %
20.24%
Holding
359
New
40
Increased
25
Reduced
28
Closed
118

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$33.3M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$31.9M
3
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$28.2M
4
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$22.4M
5
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$7.59M

Top Sells

Rank Stock Value
1
SRE.PRB
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
+$8.59M
2
HES.PRA
Hess Corporation
HES.PRA
+$8.43M
3
DIS icon
Walt Disney
DIS
+$6.32M
4
LAZ icon
Lazard
LAZ
+$5.63M
5
VZ icon
Verizon
VZ
+$5.34M

Sector Composition

Rank Sector Weight
1 Industrials 0.48%
2 Communication Services 0.48%
3 Consumer Discretionary 0.45%
4 Consumer Staples 0.33%
5 Healthcare 0.19%
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
$134M 3.25%
105,701
+25,166
+31% +$31.9M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$115M 2.79%
92,512
+26,238
+40% +$33.3M
NEE.PRR
3
DELISTED
NextEra Energy, Inc.
NEE.PRR
$50.2M 1.21%
868,337
+483,610
+126% +$28.2M
BDXA
4
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$48.7M 1.18%
841,550
+126,100
+18% +$7.59M
SWP
5
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$42.7M 1.03%
466,388
+31,491
+7% +$3.02M
DCUD
6
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$36.3M 0.88%
756,351
+57,994
+8% +$2.81M
CCI.PRA
7
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$32.8M 0.79%
31,139
-2,200
-7% -$2.32M
IFFT
8
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$24.2M 0.58%
473,750
-96,250
-17% -$5.28M
CNP.PRB
9
DELISTED
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
$22.4M 0.54%
+445,050
New +$22.4M
QTS.PRB
10
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$13.7M 0.33%
144,337
+20,100
+16% +$2.01M
FLG.PRU
11
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$12.6M 0.3%
280,852
-63,552
-18% -$2.97M
FTV.PRA
12
DELISTED
Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A
FTV.PRA
$12.5M 0.3%
13,747
+2,500
+22% +$2.46M
SRE.PRB
13
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$11M 0.27%
114,568
-84,800
-43% -$8.59M
AIZP
14
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
$9.7M 0.23%
98,539
+11,750
+14% +$1.24M
WMT icon
15
Walmart Inc
WMT
$890B
$9.21M 0.22%
296,550
+114,942
+63% +$3.69M
DTV
16
DELISTED
DTE Energy Company 2016 Corporate Units
DTV
$8.83M 0.21%
169,991
+108,841
+178% +$5.82M
UPS icon
17
United Parcel Service
UPS
$88.9B
$6.63M 0.16%
67,980
+15,000
+28% +$1.63M
SIX
18
DELISTED
Six Flags Entertainment Corp.
SIX
$5.84M 0.14%
+105,000
New +$6.27M
M icon
19
Macy's
M
$6.68B
$5.51M 0.13%
185,000
+160,000
+640% +$5.27M
CCL icon
20
Carnival Corporation Ltd
CCL
$39.7B
$5.28M 0.13%
107,000
+46,917
+78% +$2.69M
META icon
21
Meta Platforms (Facebook)
META
$1.51T
$5.24M 0.13%
40,000
+15,000
+60% +$2.17M
HES.PRA
22
DELISTED
Hess Corporation
HES.PRA
$5.02M 0.12%
100,544
-132,099
-57% -$8.43M
LMT icon
23
Lockheed Martin
LMT
$136B
$4.97M 0.12%
19,000
+18,984
+118,650% +$5.76M
GILD icon
24
Gilead Sciences
GILD
$165B
$4.88M 0.12%
78,000
-35
-0% -$2.45K
T icon
25
AT&T
T
$163B
$4.62M 0.11%
214,488
+22,290
+12% +$519K
1
2 3 4 5

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Advent Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Advent Capital Management held 359 positions worth $4.13B, down 15% from $4.85B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $3.8B in Q4 2018, closing 118 positions and reducing 28 holdings. Its most notable exit was Lazard, an estimated $5.63M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 0.48% of assets, down from 0.51% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Advent Capital Management opened a new position in CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S worth $22.4M.

  • Advent Capital Management's largest Q4 2018 buy was CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S: 445,050 shares worth $22.4M.
  • Advent Capital Management added most to Bank of America Series L in Q4 2018, an estimated $33.3M increase.
  • Advent Capital Management's biggest Q4 2018 reduction was Sempra 6.75% Mandatory Convertible Preferred Stock, Series B, cutting an estimated $8.59M.
  • Advent Capital Management fully exited Lazard in Q4 2018, selling an estimated $5.63M.
  • Advent Capital Management's ten largest holdings make up 20% of its $4.13B portfolio in Q4 2018.
  • Advent Capital Management opened 40 new positions and closed 118 in Q4 2018.
  • Advent Capital Management's portfolio value fell 15% quarter-over-quarter to $4.13B.

Based on Advent Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.