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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
-1.3%
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
$6.25B
AUM Growth
+$302M
Cap. Flow
-$4.26B
Cap. Flow %
-68.2%
Top 10 Hldgs %
21.21%
Holding
313
New
23
Increased
15
Reduced
25
Closed
38
Avg Time Held Equity + Options
4.1 quarters
Top 10 Avg Time Held Equity + Options
3.2 quarters
Top 20 Avg Time Held Equity + Options
2.9 quarters
Avg Time Held Equity only
4.2 quarters
Top 10 Avg Time Held Equity only
3.2 quarters
Top 20 Avg Time Held Equity only
2.9 quarters

Top Buys

Rank Stock Value
1
APTV.PRA icon
Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares
APTV.PRA
+$21.1M
2
NEE.PRQ icon
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$14.9M
3
CLVT.PRA icon
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
+$9.8M
4
RBCP
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
+$9.39M
5
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$6.07M

Top Sells

Rank Stock Value
1
BDXB
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
+$12.6M
2
BSX.PRA icon
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$10.4M
3
AVGOP icon
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$10M
4
PCGU
PG&E Corporation
PCGU
+$9.82M
5
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$9.38M

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.19%
2 Utilities 0.39%
3 Consumer Discretionary 0.36%
4 Technology 0.25%
5 Healthcare 0.24%
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
$186M 2.98%
141,527
+4,474
+3% +$6.07M
2021 Q4
1 quarter
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
$104M 1.67%
79,655
+4,152
+5% +$5.72M
2021 Q4
1 quarter
KKR.PRC icon
3
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$83.2M 1.33%
1,131,454
+73,600
+7% +$5.86M
2021 Q4
1 quarter
NEE.PRQ icon
4
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$73.9M 1.18%
1,401,064
+289,400
+26% +$14.9M
2020 Q3
6 quarters
SWT
5
DELISTED
Stanley Black & Decker, Inc.
SWT
$68.7M 1.1%
785,891
+51,700
+7% +$5.11M
2019 Q4
9 quarters
NIMC
6
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$65.5M 1.05%
546,037
-19,463
-3% -$2.2M
2021 Q2
3 quarters
AEPPZ
7
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$61.7M 0.99%
1,095,899
-176,240
-14% -$9.38M
2020 Q3
6 quarters
AVGOP icon
8
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$59.6M 0.95%
30,371
-5,426
-15% -$10M
2021 Q4
1 quarter
DHR.PRB icon
9
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$39.7M 0.64%
25,222
-1,184
-4% -$1.81M
2021 Q4
1 quarter
NEE.PRP icon
10
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$31.9M 0.51%
609,775
-19,994
-3% -$1.02M
2020 Q1
8 quarters
BSX.PRA icon
11
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$29.1M 0.47%
249,197
-89,680
-26% -$10.4M
2021 Q4
1 quarter
DCUE
12
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$27.9M 0.45%
273,763
-36,000
-12% -$3.63M
2019 Q2
11 quarters
RBCP
13
DELISTED
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
$26.5M 0.42%
265,715
+93,800
+55% +$9.39M
2021 Q3
2 quarters
DTP
14
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$26.1M 0.42%
489,533
+52,200
+12% +$2.68M
2019 Q4
9 quarters
SOLN
15
DELISTED
The Southern Company
SOLN
$24.1M 0.39%
440,913
+8,000
+2% +$421K
2019 Q3
10 quarters
SPY icon
16
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
$23M 0.37%
+51,000
New +$22.7M
2022 Q1
0 quarters
ELAT
17
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$19.4M 0.31%
470,428
+8,000
+2% +$335K
2020 Q1
8 quarters
APTV.PRA icon
18
DELISTED
Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares
APTV.PRA
$19.1M 0.31%
+139,883
New +$21.1M
2022 Q1
0 quarters
AESC
19
DELISTED
The AES Corporation
AESC
$15.6M 0.25%
157,379
-3,963
-2% -$361K
2021 Q1
4 quarters
QQQ icon
20
PUT
Invesco QQQ Trust
QQQ
$507B
$14.5M 0.23%
+40,000
New +$14.2M
2022 Q1
0 quarters
FLG.PRU icon
21
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$10.7M 0.17%
216,348
+18,025
+9% +$917K
2017 Q2
19 quarters
CLVT.PRA icon
22
DELISTED
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
$9.77M 0.16%
+144,744
New +$9.8M
2022 Q1
0 quarters
PARAP icon
23
DELISTED
Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
$7.91M 0.13%
141,525
-81,438
-37% -$4.6M
2021 Q4
1 quarter
AVTR.PRA icon
24
DELISTED
Avantor, Inc. Series A Mandatory Convertible Preferred Stock
AVTR.PRA
$7.89M 0.13%
76,309
-33,456
-30% -$3.65M
2021 Q4
1 quarter
ABBV icon
25
AbbVie
ABBV
$489B
$6M 0.1%
37,000
-3,000
-8% -$436K
2021 Q1
4 quarters
1
2 3 4 5

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Advent Capital Management's Q1 2022 Portfolio in Review

As of Q1 2022, Advent Capital Management held 313 positions worth $6.25B, up 5.1% from $5.95B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Advent Capital Management withdrew a net $4.26B in Q1 2022, closing 38 positions and reducing 25 holdings. Its most notable exit was PG&E Corporation, an estimated $9.82M 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 Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares worth $19.1M.

  • Advent Capital Management's largest Q1 2022 buy was Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares: 139,883 shares worth $19.1M.
  • Advent Capital Management added most to NextEra Energy, Inc. 6.219% Corporate Units in Q1 2022, an estimated $14.9M increase.
  • Advent Capital Management's biggest Q1 2022 reduction was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B, cutting an estimated $12.6M.
  • Advent Capital Management fully exited PG&E Corporation in Q1 2022, selling an estimated $9.82M.
  • Advent Capital Management's ten largest holdings make up 21% of its $6.25B portfolio in Q1 2022.
  • Advent Capital Management opened 23 new positions and closed 38 in Q1 2022.
  • Advent Capital Management's portfolio value rose 5.1% quarter-over-quarter to $6.25B.

Based on Advent Capital Management's 13F filing for Q1 2022, filed 13 May 2022.