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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
+0.87%
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
$4.53B
AUM Growth
+$400M
Cap. Flow
-$3.29B
Cap. Flow %
-72.52%
Top 10 Hldgs %
20.67%
Holding
269
New
39
Increased
19
Reduced
20
Closed
56
Avg Time Held Equity + Options
5.4 quarters
Top 10 Avg Time Held Equity + Options
2.3 quarters
Top 20 Avg Time Held Equity + Options
4.7 quarters
Avg Time Held Equity only
5.9 quarters
Top 10 Avg Time Held Equity only
2.3 quarters
Top 20 Avg Time Held Equity only
4.7 quarters

Top Buys

Rank Stock Value
1
DHR.PRA icon
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 icon
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 icon
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$8.65M
5
SWP icon
Stanley Black & Decker, Inc. Corporate Units
SWP
+$5.8M

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.72%
2 Industrials 0.29%
3 Consumer Discretionary 0.27%
4 Healthcare 0.22%
5 Financials 0.21%
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
$153M 3.37%
117,377
+11,676
+11% +$15.1M
2015 Q1
16 quarters
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.67B
$126M 2.78%
96,775
+4,263
+5% +$5.52M
2015 Q1
16 quarters
NEE.PRR icon
3
DELISTED
NextEra Energy, Inc.
NEE.PRR
$52.4M 1.15%
839,200
-29,137
-3% -$1.75M
2016 Q3
10 quarters
DHR.PRA icon
4
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$49.6M 1.09%
+47,269
New +$48.8M
2019 Q1
0 quarters
SWP icon
5
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$39.8M 0.88%
406,097
-60,291
-13% -$5.8M
2017 Q2
7 quarters
AEPPL
6
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$34.9M 0.77%
+684,127
New +$35.2M
2019 Q1
0 quarters
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
2018 Q1
4 quarters
CCI.PRA icon
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
2017 Q3
6 quarters
IFFT
9
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$27.6M 0.61%
548,638
+74,888
+16% +$3.83M
2018 Q3
2 quarters
FTV.PRA icon
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
2018 Q3
2 quarters
DCUD
11
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
$22.1M 0.49%
442,170
-314,181
-42% -$15.3M
2016 Q3
10 quarters
ENR.PRA icon
12
DELISTED
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
$20.1M 0.44%
+206,489
New +$20.8M
2019 Q1
0 quarters
CNP.PRB icon
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
2018 Q4
1 quarter
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
2018 Q3
2 quarters
DTV
15
DELISTED
DTE Energy Company 2016 Corporate Units
DTV
$14.1M 0.31%
254,541
+84,550
+50% +$4.58M
2018 Q2
3 quarters
SRE.PRB icon
16
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$12.6M 0.28%
117,985
+3,417
+3% +$350K
2018 Q3
2 quarters
FLG.PRU icon
17
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$12.4M 0.27%
258,021
-22,831
-8% -$1.08M
2017 Q2
7 quarters
CFXA
18
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
$9.01M 0.2%
+67,583
New +$8.19M
2019 Q1
0 quarters
BA icon
19
Boeing
BA
$150B
$8.07M 0.18%
65,500
+51,500
+368% +$19.8M
2018 Q4
1 quarter
M icon
20
Macy's
M
$5.92B
$5.17M 0.11%
215,000
+30,000
+16% +$758K
2018 Q3
2 quarters
STLA icon
21
Stellantis
STLA
$13B
$4.83M 0.11%
+325,000
New +$5M
2019 Q1
0 quarters
LAZ icon
22
Lazard
LAZ
$3.58B
$4.62M 0.1%
+127,750
New +$4.8M
2019 Q1
0 quarters
UPS icon
23
United Parcel Service
UPS
$80.5B
$4.47M 0.1%
40,000
-27,980
-41% -$2.97M
2017 Q1
8 quarters
PFE icon
24
Pfizer
PFE
$161B
$4.25M 0.09%
105,400
+89,590
+567% +$3.59M
2018 Q3
2 quarters
WY icon
25
Weyerhaeuser
WY
$13.8B
$4.08M 0.09%
155,000
+5,000
+3% +$126K
2018 Q3
2 quarters
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 Miscellaneous at 99% of assets, up from 98% a quarter earlier, followed by Industrials and Consumer Discretionary.

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.