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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
+1.33%
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
+$268M
Cap. Flow
-$3.32B
Cap. Flow %
-73.19%
Top 10 Hldgs %
28.71%
Holding
192
New
21
Increased
12
Reduced
14
Closed
18

Top Buys

Rank Stock Value
1
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$36M
2
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$20.8M
3
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$9.68M
4
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$9.53M
5
PCGU
PG&E Corporation
PCGU
+$7.55M

Top Sells

Rank Stock Value
1
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$21.3M
2
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$15.6M
3
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$14.6M
4
SOLN
The Southern Company
SOLN
+$10.4M
5
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$8.81M

Sector Composition

Rank Sector Weight
1 Utilities 0.6%
2 Healthcare 0.29%
3 Technology 0.29%
4 Industrials 0.22%
5 Financials 0.13%
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
$196M 4.32%
130,824
-6,010
-4% -$8.81M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$175M 3.86%
130,805
-3,498
-3% -$4.72M
SWT
3
DELISTED
Stanley Black & Decker, Inc.
SWT
$64.3M 1.42%
632,686
+3,248
+0.5% +$317K
DCUE
4
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$48.7M 1.07%
477,040
-153,334
-24% -$15.6M
NEE.PRP
5
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$44.8M 0.99%
955,437
+203,268
+27% +$9.68M
NEE.PRQ
6
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$35.8M 0.79%
+755,500
New +$36M
AEPPL
7
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$33.1M 0.73%
672,913
-88,500
-12% -$4.4M
BSX.PRA
8
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$29.5M 0.65%
265,263
+85,063
+47% +$9.53M
DTP
9
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$28.2M 0.62%
618,083
-13,934
-2% -$627K
SOLN
10
DELISTED
The Southern Company
SOLN
$27.2M 0.6%
582,811
-226,549
-28% -$10.4M
NEE.PRO
11
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$21.9M 0.48%
402,739
-391,230
-49% -$21.3M
AEPPZ
12
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$21M 0.46%
+427,276
New +$20.8M
CHNGU
13
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$20.5M 0.45%
386,526
-10,162
-3% -$488K
FLG.PRU
14
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$14.3M 0.32%
328,351
-12,845
-4% -$566K
AIZP
15
DELISTED
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
$13.1M 0.29%
110,919
+34,519
+45% +$3.94M
IFFT
16
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$11.7M 0.26%
263,350
-9,091
-3% -$413K
QTS.PRB
17
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
$11M 0.24%
77,584
+1,160
+2% +$174K
ENR.PRA
18
DELISTED
Energizer Holdings, Inc. 7.50% Series A Mandatory Convertible Preferred Stock
ENR.PRA
$10.1M 0.22%
119,756
+31,669
+36% +$3.03M
PCGU
19
DELISTED
PG&E Corporation
PCGU
$7.55M 0.17%
+77,073
New +$7.55M
ELAT
20
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$7M 0.15%
156,726
-97,924
-38% -$4.13M
MDT icon
21
Medtronic
MDT
$112B
$5.2M 0.11%
50,000
+10,000
+25% +$1M
HON icon
22
Honeywell
HON
$78B
$4.12M 0.09%
26,525
+5,305
+25% +$788K
LRCX icon
23
Lam Research
LRCX
$390B
$3.98M 0.09%
+120,000
New +$4.13M
CAT icon
24
Caterpillar
CAT
$387B
$3.73M 0.08%
+25,000
New +$3.51M
MCHP icon
25
Microchip Technology
MCHP
$46B
$3.6M 0.08%
+70,000
New +$3.64M
1
2 3

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Advent Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Advent Capital Management held 192 positions worth $4.53B, up 6.3% from $4.27B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Advent Capital Management withdrew a net $3.32B in Q3 2020, closing 18 positions and reducing 14 holdings. Its most notable exit was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, an estimated $14.6M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 0.6% of assets, down from 0.84% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Advent Capital Management opened a new position in NextEra Energy, Inc. 6.219% Corporate Units worth $35.8M.

  • Advent Capital Management's largest Q3 2020 buy was NextEra Energy, Inc. 6.219% Corporate Units: 755,500 shares worth $35.8M.
  • Advent Capital Management added most to NextEra Energy, Inc. 5.279% Corporate Units in Q3 2020, an estimated $9.68M increase.
  • Advent Capital Management's biggest Q3 2020 reduction was NextEra Energy, Inc. 4.872% Corporate Units, cutting an estimated $21.3M.
  • Advent Capital Management fully exited Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in Q3 2020, selling an estimated $14.6M.
  • Advent Capital Management's ten largest holdings make up 29% of its $4.53B portfolio in Q3 2020.
  • Advent Capital Management opened 21 new positions and closed 18 in Q3 2020.
  • Advent Capital Management's portfolio value rose 6.3% quarter-over-quarter to $4.53B.

Based on Advent Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.