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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
+1.04%
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
$4.69B
AUM Growth
+$159M
Cap. Flow
-$3.97B
Cap. Flow %
-84.64%
Top 10 Hldgs %
23.33%
Holding
220
New
24
Increased
15
Reduced
9
Closed
21
Avg Time Held Equity + Options
5.4 quarters
Top 10 Avg Time Held Equity + Options
1.8 quarters
Top 20 Avg Time Held Equity + Options
3.4 quarters
Avg Time Held Equity only
5.7 quarters
Top 10 Avg Time Held Equity only
1.8 quarters
Top 20 Avg Time Held Equity only
3.4 quarters

Top Buys

Rank Stock Value
1
NEE.PRQ icon
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 icon
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 Miscellaneous 98.13%
2 Utilities 0.57%
3 Consumer Discretionary 0.23%
4 Financials 0.23%
5 Industrials 0.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SWT
1
DELISTED
Stanley Black & Decker, Inc.
SWT
$80.5M 1.72%
731,406
+98,720
+16% +$10.8M
2019 Q4
4 quarters
NEE.PRQ icon
2
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$54.1M 1.15%
1,061,504
+306,004
+41% +$15.3M
2020 Q3
1 quarter
DCUE
3
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$48M 1.02%
482,474
+5,434
+1% +$559K
2019 Q2
6 quarters
NEE.PRP icon
4
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$42.2M 0.9%
834,420
-121,017
-13% -$6.03M
2020 Q1
3 quarters
DTP
5
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$39.9M 0.85%
837,547
+219,464
+36% +$10.5M
2019 Q4
4 quarters
AEPPZ
6
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$32.7M 0.7%
655,158
+227,882
+53% +$11.7M
2020 Q3
1 quarter
CHNGU
7
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$30.9M 0.66%
473,348
+86,822
+22% +$5.12M
2019 Q2
6 quarters
SOLN
8
DELISTED
The Southern Company
SOLN
$26.9M 0.57%
524,806
-58,005
-10% -$2.92M
2019 Q3
5 quarters
NEE.PRO icon
9
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$23.3M 0.5%
394,739
-8,000
-2% -$463K
2019 Q3
5 quarters
AEPPL
10
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$22.4M 0.48%
451,413
-221,500
-33% -$11.3M
2019 Q1
7 quarters
FLG.PRU icon
11
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$13.4M 0.29%
289,489
-38,862
-12% -$1.77M
2017 Q2
14 quarters
CFXA
12
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
$13.1M 0.28%
82,062
+57,062
+228% +$8.21M
2020 Q3
1 quarter
ELAT
13
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$10.9M 0.23%
228,475
+71,749
+46% +$3.43M
2020 Q1
3 quarters
PCGU
14
DELISTED
PG&E Corporation
PCGU
$9.57M 0.2%
78,097
+1,024
+1% +$116K
2020 Q3
1 quarter
IFFT
15
DELISTED
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$8.21M 0.17%
201,338
-62,012
-24% -$2.58M
2018 Q3
9 quarters
UNP icon
16
Union Pacific
UNP
$165B
$4.16M 0.09%
20,000
+10,000
+100% +$2M
2020 Q1
3 quarters
MDT icon
17
Medtronic
MDT
$113B
$4.1M 0.09%
35,000
-15,000
-30% -$1.65M
2020 Q2
2 quarters
FCX icon
18
Freeport-McMoran
FCX
$106B
$3.9M 0.08%
150,000
-52,500
-26% -$1.09M
2020 Q3
1 quarter
PNC icon
19
PNC Financial Services
PNC
$87.5B
$3.73M 0.08%
25,000
– –
2020 Q3
1 quarter
VRTX icon
20
Vertex Pharmaceuticals
VRTX
$129B
$3.54M 0.08%
+15,000
New +$3.44M
2020 Q4
0 quarters
FITB icon
21
Fifth Third Bancorp
FITB
$45.9B
$3.45M 0.07%
+125,000
New +$3.15M
2020 Q4
0 quarters
VLO icon
22
Valero Energy
VLO
$125B
$3.39M 0.07%
+60,000
New +$2.94M
2020 Q4
0 quarters
MSFT icon
23
Microsoft
MSFT
$3.97T
$3.34M 0.07%
15,000
+3,000
+25% +$645K
2020 Q3
1 quarter
V icon
24
Visa
V
$724B
$3.28M 0.07%
15,000
– –
2020 Q3
1 quarter
GLPI icon
25
Gaming and Leisure Properties
GLPI
$11.1B
$3.25M 0.07%
76,735
+799
+1% +$32.2K
2020 Q1
3 quarters
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 Miscellaneous at 98% of assets, up from 98% a quarter earlier, followed by Utilities and Consumer Discretionary.

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.