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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
-3.18%
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
$4.6B
AUM Growth
-$565M
Cap. Flow
-$3.89B
Cap. Flow %
-84.56%
Top 10 Hldgs %
27.33%
Holding
243
New
31
Increased
11
Reduced
19
Closed
43

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
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
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
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
Six Flags Entertainment Corp.
SIX
+$7.67M

Sector Composition

Rank Sector Weight
1 Utilities 0.93%
2 Communication Services 0.29%
3 Consumer Discretionary 0.24%
4 Healthcare 0.2%
5 Consumer Staples 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC.PRL icon
1
Bank of America Series L
BAC.PRL
$3.99B
$179M 3.89%
140,359
+23,797
+20% +$34.7M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$168M 3.65%
131,714
+18,344
+16% +$26.5M
AVGOP
3
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$63M 1.37%
66,437
-2,038
-3% -$2.18M
DCUE
4
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$60.2M 1.31%
643,024
+104,788
+19% +$10.9M
NEE.PRO
5
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$49M 1.07%
996,100
-48,250
-5% -$2.49M
SWT
6
DELISTED
Stanley Black & Decker, Inc.
SWT
$43.4M 0.94%
622,838
+302,411
+94% +$28.8M
SOLN
7
DELISTED
The Southern Company
SOLN
$42.8M 0.93%
928,860
-74,406
-7% -$3.9M
AEPPL
8
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$38.1M 0.83%
782,913
-15,542
-2% -$838K
DTP
9
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$30M 0.65%
757,817
-164,510
-18% -$7.73M
DHR.PRA
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
NEE.PRP
11
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$18.1M 0.39%
+415,969
New +$17.4M
FTV.PRA
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
CHNGU
13
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$16.2M 0.35%
381,688
+292,048
+326% +$15.4M
CCI.PRA
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
FLG.PRU
15
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$14.3M 0.31%
340,408
+30,969
+10% +$1.52M
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
IFFT
17
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$12.8M 0.28%
330,041
-149,212
-31% -$6.88M
GFLU
18
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
$10.7M 0.23%
+250,600
New +$11.3M
SWP
19
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$9.66M 0.21%
131,970
-255,608
-66% -$24.6M
AVTR.PRA
20
DELISTED
Avantor, Inc. Series A Mandatory Convertible Preferred Stock
AVTR.PRA
$8.66M 0.19%
191,627
+20,900
+12% +$1.18M
ENR.PRA
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
DIS icon
22
Walt Disney
DIS
$181B
$5.8M 0.13%
+60,000
New +$7.59M
MCD icon
23
McDonald's
MCD
$195B
$5.79M 0.13%
+35,000
New +$6.9M
PFE icon
24
Pfizer
PFE
$153B
$4.9M 0.11%
+158,100
New +$5.39M
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
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 Utilities at 0.93% of assets, down from 1% a quarter earlier, followed by Communication Services and Consumer Discretionary.

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.