Advent Capital Management Portfolio holdings

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 $4.3B 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 Utilities at 0.39% of assets, down from 0.39% a quarter earlier, followed by Consumer Discretionary and Technology.

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.