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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
+1.04%
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
$4.69B
AUM Growth
+$159M
Cap. Flow
-$3.97B
Cap. Flow %
-84.63%
Top 10 Hldgs %
23.33%
Holding
220
New
24
Increased
15
Reduced
9
Closed
21

Top Buys

Rank Stock Value
1
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$15.3M
2
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$11.7M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$10.8M
4
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$10.5M
5
CFXA
Colfax Corporation 5.75% Tangible Equity Units
CFXA
+$8.21M

Top Sells

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$196M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$175M
3
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$29.5M
4
AIZP
Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
+$13.1M
5
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$11.3M

Sector Composition

Rank Sector Weight
1 Utilities 0.57%
2 Consumer Discretionary 0.23%
3 Financials 0.23%
4 Industrials 0.17%
5 Healthcare 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWT
1
DELISTED
Stanley Black & Decker, Inc.
SWT
$80.5M 1.72%
731,406
+98,720
+16% +$10.8M
NEE.PRQ
2
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$54.1M 1.15%
1,061,504
+306,004
+41% +$15.3M
DCUE
3
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$48M 1.02%
482,474
+5,434
+1% +$559K
NEE.PRP
4
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$42.2M 0.9%
834,420
-121,017
-13% -$6.03M
DTP
5
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$39.9M 0.85%
837,547
+219,464
+36% +$10.5M
AEPPZ
6
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$32.7M 0.7%
655,158
+227,882
+53% +$11.7M
CHNGU
7
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$30.9M 0.66%
473,348
+86,822
+22% +$5.12M
SOLN
8
DELISTED
The Southern Company
SOLN
$26.9M 0.57%
524,806
-58,005
-10% -$2.92M
NEE.PRO
9
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$23.3M 0.5%
394,739
-8,000
-2% -$463K
AEPPL
10
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$22.4M 0.48%
451,413
-221,500
-33% -$11.3M
FLG.PRU
11
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$13.4M 0.29%
289,489
-38,862
-12% -$1.77M
CFXA
12
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
$13.1M 0.28%
82,062
+57,062
+228% +$8.21M
ELAT
13
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$10.9M 0.23%
228,475
+71,749
+46% +$3.43M
PCGU
14
DELISTED
PG&E Corporation
PCGU
$9.57M 0.2%
78,097
+1,024
+1% +$116K
IFFT
15
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$8.21M 0.17%
201,338
-62,012
-24% -$2.58M
UNP icon
16
Union Pacific
UNP
$174B
$4.16M 0.09%
20,000
+10,000
+100% +$2M
MDT icon
17
Medtronic
MDT
$112B
$4.1M 0.09%
35,000
-15,000
-30% -$1.65M
FCX icon
18
Freeport-McMoran
FCX
$97.5B
$3.9M 0.08%
150,000
-52,500
-26% -$1.09M
PNC icon
19
PNC Financial Services
PNC
$101B
$3.73M 0.08%
25,000
– –
VRTX icon
20
Vertex Pharmaceuticals
VRTX
$126B
$3.54M 0.08%
+15,000
New +$3.44M
FITB
21
Fifth Third Bancorp
FITB
$51.8B
$3.45M 0.07%
+125,000
New +$3.15M
VLO icon
22
Valero Energy
VLO
$85.9B
$3.39M 0.07%
+60,000
New +$2.94M
MSFT icon
23
Microsoft
MSFT
$3.71T
$3.34M 0.07%
15,000
+3,000
+25% +$645K
V icon
24
Visa
V
$677B
$3.28M 0.07%
15,000
– –
GLPI icon
25
Gaming and Leisure Properties
GLPI
$12.8B
$3.25M 0.07%
76,735
+799
+1% +$32.2K
1
2 3

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Advent Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Advent Capital Management held 220 positions worth $4.69B, up 3.5% from $4.53B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Advent Capital Management withdrew a net $3.97B in Q4 2020, closing 21 positions and reducing 9 holdings. Its most notable exit was Bank of America Series L, an estimated $196M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 0.57% of assets, down from 0.6% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Advent Capital Management opened a new position in Vertex Pharmaceuticals worth $3.54M.

  • Advent Capital Management's largest Q4 2020 buy was Vertex Pharmaceuticals: 15,000 shares worth $3.54M.
  • Advent Capital Management added most to NextEra Energy, Inc. 6.219% Corporate Units in Q4 2020, an estimated $15.3M increase.
  • Advent Capital Management's biggest Q4 2020 reduction was American Electric Power Company, Inc. Corporate Unit, cutting an estimated $11.3M.
  • Advent Capital Management fully exited Bank of America Series L in Q4 2020, selling an estimated $196M.
  • Advent Capital Management's ten largest holdings make up 23% of its $4.69B portfolio in Q4 2020.
  • Advent Capital Management opened 24 new positions and closed 21 in Q4 2020.
  • Advent Capital Management's portfolio value rose 3.5% quarter-over-quarter to $4.69B.

Based on Advent Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.