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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
+0.87%
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
$4.53B
AUM Growth
+$400M
Cap. Flow
-$3.29B
Cap. Flow %
-72.53%
Top 10 Hldgs %
20.67%
Holding
269
New
39
Increased
19
Reduced
20
Closed
56

Top Buys

Rank Stock Value
1
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
+$48.8M
2
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$35.2M
3
ENR.PRA
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
+$20.8M
4
BA icon
Boeing
BA
+$19.8M
5
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
+$19.6M

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
+$48.7M
2
DCUD
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
+$15.3M
3
WMT icon
Walmart Inc
WMT
+$9.21M
4
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$8.65M
5
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$5.8M

Sector Composition

Rank Sector Weight
1 Industrials 0.29%
2 Consumer Discretionary 0.27%
3 Healthcare 0.22%
4 Financials 0.21%
5 Communication Services 0.14%
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
$153M 3.37%
117,377
+11,676
+11% +$15.1M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$126M 2.78%
96,775
+4,263
+5% +$5.52M
NEE.PRR
3
DELISTED
NextEra Energy, Inc.
NEE.PRR
$52.4M 1.15%
839,200
-29,137
-3% -$1.75M
DHR.PRA
4
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$49.6M 1.09%
+47,269
New +$48.8M
SWP
5
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$39.8M 0.88%
406,097
-60,291
-13% -$5.8M
AEPPL
6
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$34.9M 0.77%
+684,127
New +$35.2M
AIZP
7
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
$29.4M 0.65%
285,594
+187,055
+190% +$19.6M
CCI.PRA
8
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$27.7M 0.61%
23,336
-7,803
-25% -$8.65M
IFFT
9
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$27.6M 0.61%
548,638
+74,888
+16% +$3.83M
FTV.PRA
10
DELISTED
Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A
FTV.PRA
$23.1M 0.51%
21,979
+8,232
+60% +$8.2M
DCUD
11
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$22.1M 0.49%
442,170
-314,181
-42% -$15.3M
ENR.PRA
12
DELISTED
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
$20.1M 0.44%
+206,489
New +$20.8M
CNP.PRB
13
DELISTED
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
$17.9M 0.4%
338,241
-106,809
-24% -$5.62M
QTS.PRB
14
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$17.4M 0.38%
158,565
+14,228
+10% +$1.47M
DTV
15
DELISTED
DTE Energy Company 2016 Corporate Units
DTV
$14.1M 0.31%
254,541
+84,550
+50% +$4.58M
SRE.PRB
16
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$12.6M 0.28%
117,985
+3,417
+3% +$350K
FLG.PRU
17
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$12.4M 0.27%
258,021
-22,831
-8% -$1.08M
CFXA
18
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
$9.01M 0.2%
+67,583
New +$8.19M
BA icon
19
Boeing
BA
$185B
$8.07M 0.18%
65,500
+51,500
+368% +$19.8M
M icon
20
Macy's
M
$6.68B
$5.17M 0.11%
215,000
+30,000
+16% +$758K
STLA icon
21
Stellantis
STLA
$20.8B
$4.83M 0.11%
+325,000
New +$5M
LAZ icon
22
Lazard
LAZ
$4.31B
$4.62M 0.1%
+127,750
New +$4.8M
UPS icon
23
United Parcel Service
UPS
$88.9B
$4.47M 0.1%
40,000
-27,980
-41% -$2.97M
PFE icon
24
Pfizer
PFE
$153B
$4.25M 0.09%
105,400
+89,590
+567% +$3.59M
WY icon
25
Weyerhaeuser
WY
$18.4B
$4.08M 0.09%
155,000
+5,000
+3% +$126K
1
2 3 4 5

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Advent Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Advent Capital Management held 269 positions worth $4.53B, up 9.7% from $4.13B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Advent Capital Management withdrew a net $3.29B in Q1 2019, closing 56 positions and reducing 20 holdings. Its most notable exit was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 0.29% of assets, down from 0.48% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Advent Capital Management opened a new position in Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A worth $49.6M.

  • Advent Capital Management's largest Q1 2019 buy was Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A: 47,269 shares worth $49.6M.
  • Advent Capital Management added most to Boeing in Q1 2019, an estimated $19.8M increase.
  • Advent Capital Management's biggest Q1 2019 reduction was Dominion Energy, Inc 2016 Series A Corporate Units, cutting an estimated $15.3M.
  • Advent Capital Management fully exited Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6 in Q1 2019, selling an estimated $48.7M.
  • Advent Capital Management's ten largest holdings make up 21% of its $4.53B portfolio in Q1 2019.
  • Advent Capital Management opened 39 new positions and closed 56 in Q1 2019.
  • Advent Capital Management's portfolio value rose 9.7% quarter-over-quarter to $4.53B.

Based on Advent Capital Management's 13F filing for Q1 2019, filed 15 May 2019.