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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
+1.29%
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
$4.27B
AUM Growth
-$332M
(-7.2%)
Cap. Flow
-$3.49B
Cap. Flow
% of AUM
-81.75%
Top 10 Holdings %
Top 10 Hldgs %
30.33%
Holding
212
New
17
Increased
8
Reduced
14
Closed
39
Avg Time Held Equity + Options
6.1
quarters
Top 10 Avg Time Held Equity + Options
3.9
quarters
Top 20 Avg Time Held Equity + Options
4.2
quarters
Avg Time Held Equity only
6.4
quarters
Top 10 Avg Time Held Equity only
3.9
quarters
Top 20 Avg Time Held Equity only
4.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
|
+$19.3M |
| 2 |
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
|
+$14.5M |
| 3 |
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
|
+$8.54M |
| 4 |
Walmart Inc
WMT
|
+$4.32M |
| 5 |
Medtronic
MDT
|
+$3.84M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.31% |
| 2 | Utilities | 0.84% |
| 3 | Healthcare | 0.37% |
| 4 | Consumer Staples | 0.16% |
| 5 | Industrials | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Bank of America Series L
BAC.PRL
$3.67B
| $185M | 4.34% |
136,834
-3,525
| -3% | -$4.77M |
2015 Q1
21 quarters
|
|
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
| $177M | 4.14% |
134,303
+2,589
| +2% | +$3.46M |
2015 Q1
21 quarters
|
|
|
DCUE
3
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
| $64.2M | 1.51% |
630,374
-12,650
| -2% | -$1.28M |
2019 Q2
4 quarters
|
|
|
SWT
4
DELISTED
Stanley Black & Decker, Inc.
SWT
| $56.3M | 1.32% |
629,438
+6,600
| +1% | +$537K |
2019 Q4
2 quarters
|
|
|
5
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
| $38.8M | 0.91% |
793,969
-202,131
| -20% | -$9.87M |
2019 Q3
3 quarters
|
|
|
AEPPL
6
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $37M | 0.87% |
761,413
-21,500
| -3% | -$1.08M |
2019 Q1
5 quarters
|
|
|
SOLN
7
DELISTED
The Southern Company
SOLN
| $35.9M | 0.84% |
809,360
-119,500
| -13% | -$5.61M |
2019 Q3
3 quarters
|
|
|
8
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
| $32M | 0.75% |
752,169
+336,200
| +81% | +$14.5M |
2020 Q1
1 quarter
|
|
|
DTP
9
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
| $26.9M | 0.63% |
632,017
-125,800
| -17% | -$5.21M |
2019 Q4
2 quarters
|
|
|
10
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
| $18.9M | 0.44% |
+180,200
| New | +$19.3M |
2020 Q2
0 quarters
|
|
|
CHNGU
11
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
| $17.3M | 0.41% |
396,688
+15,000
| +4% | +$668K |
2019 Q2
4 quarters
|
|
12
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
| $15.2M | 0.36% |
341,196
+788
| +0.2% | +$34.4K |
2017 Q2
12 quarters
|
|
13
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
| $14.6M | 0.34% |
9,816
-2,280
| -19% | -$3.26M |
2017 Q3
11 quarters
|
|
|
IFFT
14
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
| $12.2M | 0.29% |
272,441
-57,600
| -17% | -$2.65M |
2018 Q3
7 quarters
|
|
|
QTS.PRB
15
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
| $10.9M | 0.26% |
76,424
-24,200
| -24% | -$3.42M |
2018 Q3
7 quarters
|
|
|
ELAT
16
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
| $9.89M | 0.23% |
254,650
+211,200
| +486% | +$8.54M |
2020 Q1
1 quarter
|
|
17
DELISTED
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
| $8.57M | 0.2% |
88,087
| – | – |
2019 Q1
5 quarters
|
|
|
AIZP
18
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
| $7.96M | 0.19% |
76,400
+31,400
| +70% | +$3.31M |
2018 Q1
9 quarters
|
|
19
Merck
MRK
$359B
| $4.37M | 0.1% |
59,212
+6,812
| +13% | +$513K |
2020 Q1
1 quarter
|
|
|
20
Walmart Inc
WMT
$883B
| $4.19M | 0.1% |
+105,000
| New | +$4.32M |
2020 Q2
0 quarters
|
|
21
Cigna
CI
$74.6B
| $3.75M | 0.09% |
+20,000
| New | +$3.79M |
2020 Q2
0 quarters
|
|
|
22
Medtronic
MDT
$113B
| $3.67M | 0.09% |
+40,000
| New | +$3.84M |
2020 Q2
0 quarters
|
|
23
AbbVie
ABBV
$489B
| $3.44M | 0.08% |
+35,000
| New | +$3.08M |
2020 Q2
0 quarters
|
|
24
AT&T
T
$152B
| $3.02M | 0.07% |
132,400
| – | – |
2019 Q4
2 quarters
|
|
25
Valero Energy
VLO
$125B
| $2.94M | 0.07% |
+50,000
| New | +$2.99M |
2020 Q2
0 quarters
|
|
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Advent Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Advent Capital Management held 212 positions worth $4.27B, down 7.2% from $4.6B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Advent Capital Management withdrew a net $3.49B in Q2 2020, closing 39 positions and reducing 14 holdings. Its most notable exit was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, an estimated $63M 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 Healthcare.
Against the trend, Advent Capital Management opened a new position in Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A worth $18.9M.
- Advent Capital Management's largest Q2 2020 buy was Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A: 180,200 shares worth $18.9M.
- Advent Capital Management added most to NextEra Energy, Inc. 5.279% Corporate Units in Q2 2020, an estimated $14.5M increase.
- Advent Capital Management's biggest Q2 2020 reduction was NextEra Energy, Inc. 4.872% Corporate Units, cutting an estimated $9.87M.
- Advent Capital Management fully exited Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q2 2020, selling an estimated $63M.
- Advent Capital Management's ten largest holdings make up 30% of its $4.27B portfolio in Q2 2020.
- Advent Capital Management opened 17 new positions and closed 39 in Q2 2020.
- Advent Capital Management's portfolio value fell 7.2% quarter-over-quarter to $4.27B.
Based on Advent Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.