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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
-0.19%
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
$5.41B
AUM Growth
+$263M
Cap. Flow
-$4.4B
Cap. Flow %
-81.42%
Top 10 Hldgs %
21.88%
Holding
306
New
35
Increased
15
Reduced
36
Closed
38

Top Buys

Rank Stock Value
1
RBCP
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
+$19.2M
2
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$15.6M
3
PCGU
PG&E Corporation
PCGU
+$11.5M
4
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$7.58M
5
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
+$4.45M

Top Sells

Rank Stock Value
1
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$6.98M
2
CHNGU
Change Healthcare Inc. Tangible Equity Units
CHNGU
+$5.21M
3
NVDA icon
NVIDIA
NVDA
+$4.8M
4
DOV icon
Dover
DOV
+$3.77M
5
EAT icon
Brinker International
EAT
+$3.4M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 0.54%
2 Utilities 0.44%
3 Industrials 0.32%
4 Financials 0.21%
5 Materials 0.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWT
1
DELISTED
Stanley Black & Decker, Inc.
SWT
$83.5M 1.54%
790,384
+13,484
+2% +$1.56M
NEE.PRQ
2
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$60.9M 1.13%
1,189,301
+71,034
+6% +$3.75M
AEPPZ
3
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$54.3M 1.01%
1,094,566
+144,682
+15% +$7.58M
NIMC
4
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$51.4M 0.95%
495,500
+148,000
+43% +$15.6M
NEE.PRP
5
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$35.7M 0.66%
698,775
-1,374
-0.2% -$71.8K
DCUE
6
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$34.4M 0.64%
353,675
-5,000
-1% -$501K
ELAT
7
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$28.6M 0.53%
572,988
+85,487
+18% +$4.45M
SOLN
8
DELISTED
The Southern Company
SOLN
$24M 0.44%
470,313
-57,100
-11% -$2.99M
DTP
9
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$21.6M 0.4%
433,333
– –
RBCP
10
DELISTED
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
$18.3M 0.34%
+166,000
New +$19.2M
AESC
11
DELISTED
The AES Corporation
AESC
$16.3M 0.3%
168,020
+14,998
+10% +$1.52M
PCGU
12
DELISTED
PG&E Corporation
PCGU
$11.6M 0.22%
+121,000
New +$11.5M
FLG.PRU
13
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$10.1M 0.19%
198,065
+7,639
+4% +$396K
NEE.PRO
14
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$9.81M 0.18%
167,396
-50,000
-23% -$3.01M
COP icon
15
ConocoPhillips
COP
$141B
$6.1M 0.11%
90,000
– –
CFXA
16
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
$5.59M 0.1%
30,000
– –
CHNGU
17
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
$5.12M 0.09%
73,037
-71,364
-49% -$5.21M
CZR icon
18
Caesars Entertainment
CZR
$6.14B
$4.49M 0.08%
40,000
+20,000
+100% +$1.95M
ABBV icon
19
AbbVie
ABBV
$435B
$4.32M 0.08%
40,000
+10,000
+33% +$1.14M
LMT icon
20
Lockheed Martin
LMT
$136B
$3.8M 0.07%
11,000
+3,000
+38% +$1.09M
VZ icon
21
Verizon
VZ
$196B
$3.78M 0.07%
+70,000
New +$3.87M
MAR icon
22
Marriott International
MAR
$92.3B
$3.7M 0.07%
25,000
-5,000
-17% -$698K
GLPI icon
23
Gaming and Leisure Properties
GLPI
$12.8B
$3.55M 0.07%
76,735
– –
VLO icon
24
Valero Energy
VLO
$85.9B
$3.53M 0.07%
50,000
-30,000
-38% -$2M
LYB icon
25
LyondellBasell Industries
LYB
$19.2B
$3.47M 0.06%
37,000
+2,000
+6% +$196K
1
2 3 4 5

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Advent Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Advent Capital Management held 306 positions worth $5.41B, up 5.1% from $5.14B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Advent Capital Management withdrew a net $4.4B in Q3 2021, closing 38 positions and reducing 36 holdings. Its most notable exit was American Electric Power Company, Inc. Corporate Unit, an estimated $6.98M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 0.54% of assets, up from 0.29% a quarter earlier, followed by Utilities and Industrials.

Against the trend, Advent Capital Management opened a new position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock worth $18.3M.

  • Advent Capital Management's largest Q3 2021 buy was RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock: 166,000 shares worth $18.3M.
  • Advent Capital Management added most to NiSource Inc. Series A Corporate Units in Q3 2021, an estimated $15.6M increase.
  • Advent Capital Management's biggest Q3 2021 reduction was Change Healthcare Inc. Tangible Equity Units, cutting an estimated $5.21M.
  • Advent Capital Management fully exited American Electric Power Company, Inc. Corporate Unit in Q3 2021, selling an estimated $6.98M.
  • Advent Capital Management's ten largest holdings make up 22% of its $5.41B portfolio in Q3 2021.
  • Advent Capital Management opened 35 new positions and closed 38 in Q3 2021.
  • Advent Capital Management's portfolio value rose 5.1% quarter-over-quarter to $5.41B.

Based on Advent Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.