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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
-3.18%
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
$4.6B
AUM Growth
-$565M
Cap. Flow
-$3.89B
Cap. Flow %
-84.58%
Top 10 Hldgs %
27.33%
Holding
243
New
31
Increased
11
Reduced
19
Closed
43
Avg Time Held Equity + Options
5.8 quarters
Top 10 Avg Time Held Equity + Options
3.1 quarters
Top 20 Avg Time Held Equity + Options
4.3 quarters
Avg Time Held Equity only
6.2 quarters
Top 10 Avg Time Held Equity only
3.1 quarters
Top 20 Avg Time Held Equity only
4.3 quarters

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$34.7M
2
SWT
Stanley Black & Decker, Inc.
SWT
+$28.8M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$26.5M
4
NEE.PRP icon
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$17.4M
5
CHNGU
Change Healthcare Inc. Tangible Equity Units
CHNGU
+$15.4M

Top Sells

Rank Stock Value
1
SWP icon
Stanley Black & Decker, Inc. Corporate Units
SWP
+$24.6M
2
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$21.4M
3
ENR.PRA icon
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
+$7.73M
4
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$7.73M
5
SIX icon
Six Flags Entertainment Corp.
SIX
+$7.67M

Sector Composition

Rank Sector Weight
1 Miscellaneous 97.93%
2 Utilities 0.93%
3 Communication Services 0.29%
4 Consumer Discretionary 0.24%
5 Healthcare 0.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BAC.PRL icon
1
Bank of America Series L
BAC.PRL
$3.67B
$179M 3.89%
140,359
+23,797
+20% +$34.7M
2015 Q1
20 quarters
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
$168M 3.65%
131,714
+18,344
+16% +$26.5M
2015 Q1
20 quarters
AVGOP icon
3
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$63M 1.37%
66,437
-2,038
-3% -$2.18M
2019 Q4
1 quarter
DCUE
4
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$60.2M 1.31%
643,024
+104,788
+19% +$10.9M
2019 Q2
3 quarters
NEE.PRO icon
5
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$49M 1.07%
996,100
-48,250
-5% -$2.49M
2019 Q3
2 quarters
SWT
6
DELISTED
Stanley Black & Decker, Inc.
SWT
$43.4M 0.94%
622,838
+302,411
+94% +$28.8M
2019 Q4
1 quarter
SOLN
7
DELISTED
The Southern Company
SOLN
$42.8M 0.93%
928,860
-74,406
-7% -$3.9M
2019 Q3
2 quarters
AEPPL
8
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$38.1M 0.83%
782,913
-15,542
-2% -$838K
2019 Q1
4 quarters
DTP
9
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$30M 0.65%
757,817
-164,510
-18% -$7.73M
2019 Q4
1 quarter
DHR.PRA icon
10
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$29.3M 0.64%
28,016
-2,624
-9% -$3.02M
2019 Q1
4 quarters
NEE.PRP icon
11
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$18.1M 0.39%
+415,969
New +$17.4M
2020 Q1
0 quarters
FTV.PRA icon
12
DELISTED
Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A
FTV.PRA
$17.4M 0.38%
23,836
-3,228
-12% -$2.86M
2018 Q3
6 quarters
CHNGU
13
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$16.2M 0.35%
381,688
+292,048
+326% +$15.4M
2019 Q2
3 quarters
CCI.PRA icon
14
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$15.6M 0.34%
12,096
-2,320
-16% -$3.07M
2017 Q3
10 quarters
FLG.PRU icon
15
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$14.3M 0.31%
340,408
+30,969
+10% +$1.52M
2017 Q2
11 quarters
QTS.PRB
16
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$13.2M 0.29%
100,624
-14,300
-12% -$1.87M
2018 Q3
6 quarters
IFFT
17
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$12.8M 0.28%
330,041
-149,212
-31% -$6.88M
2018 Q3
6 quarters
GFLU
18
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
$10.7M 0.23%
+250,600
New +$11.3M
2020 Q1
0 quarters
SWP icon
19
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$9.66M 0.21%
131,970
-255,608
-66% -$24.6M
2017 Q2
11 quarters
AVTR.PRA icon
20
DELISTED
Avantor, Inc. Series A Mandatory Convertible Preferred Stock
AVTR.PRA
$8.66M 0.19%
191,627
+20,900
+12% +$1.18M
2019 Q2
3 quarters
ENR.PRA icon
21
DELISTED
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
$5.93M 0.13%
88,087
-79,900
-48% -$7.73M
2019 Q1
4 quarters
DIS icon
22
Walt Disney
DIS
$187B
$5.8M 0.13%
+60,000
New +$7.59M
2020 Q1
0 quarters
MCD icon
23
McDonald's
MCD
$166B
$5.79M 0.13%
+35,000
New +$6.9M
2020 Q1
0 quarters
PFE icon
24
Pfizer
PFE
$161B
$4.9M 0.11%
+158,100
New +$5.39M
2020 Q1
0 quarters
BDXA
25
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$4.89M 0.11%
89,118
-352,935
-80% -$21.4M
2019 Q2
3 quarters
1
2 3 4 5

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Advent Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Advent Capital Management held 243 positions worth $4.6B, down 11% from $5.16B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Advent Capital Management withdrew a net $3.89B in Q1 2020, closing 43 positions and reducing 19 holdings. Its most notable exit was Six Flags Entertainment Corp., an estimated $7.67M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, up from 98% a quarter earlier, followed by Utilities and Communication Services.

Against the trend, Advent Capital Management opened a new position in NextEra Energy, Inc. 5.279% Corporate Units worth $18.1M.

  • Advent Capital Management's largest Q1 2020 buy was NextEra Energy, Inc. 5.279% Corporate Units: 415,969 shares worth $18.1M.
  • Advent Capital Management added most to Bank of America Series L in Q1 2020, an estimated $34.7M increase.
  • Advent Capital Management's biggest Q1 2020 reduction was Stanley Black & Decker, Inc. Corporate Units, cutting an estimated $24.6M.
  • Advent Capital Management fully exited Six Flags Entertainment Corp. in Q1 2020, selling an estimated $7.67M.
  • Advent Capital Management's ten largest holdings make up 27% of its $4.6B portfolio in Q1 2020.
  • Advent Capital Management opened 31 new positions and closed 43 in Q1 2020.
  • Advent Capital Management's portfolio value fell 11% quarter-over-quarter to $4.6B.

Based on Advent Capital Management's 13F filing for Q1 2020, filed 15 May 2020.