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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
+1.33%
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
+$268M
Cap. Flow
-$3.32B
Cap. Flow %
-73.19%
Top 10 Hldgs %
28.71%
Holding
192
New
21
Increased
12
Reduced
14
Closed
18
Avg Time Held Equity + Options
6.2 quarters
Top 10 Avg Time Held Equity + Options
4.5 quarters
Top 20 Avg Time Held Equity + Options
4.6 quarters
Avg Time Held Equity only
6.3 quarters
Top 10 Avg Time Held Equity only
4.5 quarters
Top 20 Avg Time Held Equity only
4.6 quarters

Top Buys

Rank Stock Value
1
NEE.PRQ icon
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 icon
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$9.68M
4
BSX.PRA icon
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 icon
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 icon
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 Miscellaneous 98.07%
2 Utilities 0.6%
3 Healthcare 0.29%
4 Technology 0.29%
5 Industrials 0.22%
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
$196M 4.32%
130,824
-6,010
-4% -$8.81M
2015 Q1
22 quarters
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
$175M 3.86%
130,805
-3,498
-3% -$4.72M
2015 Q1
22 quarters
SWT
3
DELISTED
Stanley Black & Decker, Inc.
SWT
$64.3M 1.42%
632,686
+3,248
+0.5% +$317K
2019 Q4
3 quarters
DCUE
4
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$48.7M 1.07%
477,040
-153,334
-24% -$15.6M
2019 Q2
5 quarters
NEE.PRP icon
5
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$44.8M 0.99%
955,437
+203,268
+27% +$9.68M
2020 Q1
2 quarters
NEE.PRQ icon
6
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$35.8M 0.79%
+755,500
New +$36M
2020 Q3
0 quarters
AEPPL
7
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$33.1M 0.73%
672,913
-88,500
-12% -$4.4M
2019 Q1
6 quarters
BSX.PRA icon
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
2020 Q2
1 quarter
DTP
9
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$28.2M 0.62%
618,083
-13,934
-2% -$627K
2019 Q4
3 quarters
SOLN
10
DELISTED
The Southern Company
SOLN
$27.2M 0.6%
582,811
-226,549
-28% -$10.4M
2019 Q3
4 quarters
NEE.PRO icon
11
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$21.9M 0.48%
402,739
-391,230
-49% -$21.3M
2019 Q3
4 quarters
AEPPZ
12
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$21M 0.46%
+427,276
New +$20.8M
2020 Q3
0 quarters
CHNGU
13
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$20.5M 0.45%
386,526
-10,162
-3% -$488K
2019 Q2
5 quarters
FLG.PRU icon
14
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$14.3M 0.32%
328,351
-12,845
-4% -$566K
2017 Q2
13 quarters
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
2018 Q1
10 quarters
IFFT
16
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$11.7M 0.26%
263,350
-9,091
-3% -$413K
2018 Q3
8 quarters
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
2018 Q3
8 quarters
ENR.PRA icon
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
2019 Q1
6 quarters
PCGU
19
DELISTED
PG&E Corporation
PCGU
$7.55M 0.17%
+77,073
New +$7.55M
2020 Q3
0 quarters
ELAT
20
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$7M 0.15%
156,726
-97,924
-38% -$4.13M
2020 Q1
2 quarters
MDT icon
21
Medtronic
MDT
$113B
$5.2M 0.11%
50,000
+10,000
+25% +$1M
2020 Q2
1 quarter
HON icon
22
Honeywell
HON
$65.8B
$4.12M 0.09%
26,525
+5,305
+25% +$788K
2020 Q2
1 quarter
LRCX icon
23
Lam Research
LRCX
$399B
$3.98M 0.09%
+120,000
New +$4.13M
2020 Q3
0 quarters
CAT icon
24
Caterpillar
CAT
$368B
$3.73M 0.08%
+25,000
New +$3.51M
2020 Q3
0 quarters
MCHP icon
25
Microchip Technology
MCHP
$41B
$3.6M 0.08%
+70,000
New +$3.64M
2020 Q3
0 quarters
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 Miscellaneous at 98% of assets, down from 98% a quarter earlier, followed by Utilities and Healthcare.

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.