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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
-1.79%
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
$5.65B
AUM Growth
-$596M
Cap. Flow
-$4.91B
Cap. Flow %
-86.86%
Top 10 Hldgs %
20.04%
Holding
304
New
30
Increased
15
Reduced
10
Closed
58
Avg Time Held Equity + Options
4.3 quarters
Top 10 Avg Time Held Equity + Options
2.2 quarters
Top 20 Avg Time Held Equity + Options
2.8 quarters
Avg Time Held Equity only
4.3 quarters
Top 10 Avg Time Held Equity only
2.2 quarters
Top 20 Avg Time Held Equity only
2.8 quarters

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$55.3M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$15.7M
3
NEE.PRQ icon
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$7.87M
4
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$7.53M
5
XYZ icon
Block Inc
XYZ
+$4.23M

Top Sells

Rank Stock Value
1
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$27.9M
2
APTV.PRA icon
Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares
APTV.PRA
+$19.1M
3
AVGOP icon
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$19.1M
4
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
+$12.7M
5
CLVT.PRA icon
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
+$9.77M

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.97%
2 Utilities 0.34%
3 Technology 0.17%
4 Consumer Discretionary 0.16%
5 Energy 0.15%
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 3.29%
154,342
+12,815
+9% +$15.7M
2021 Q4
2 quarters
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
$104M 1.83%
85,785
+6,130
+8% +$7.53M
2021 Q4
2 quarters
NEE.PRQ icon
3
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$76.8M 1.36%
1,561,464
+160,400
+11% +$7.87M
2020 Q3
7 quarters
KKR.PRC icon
4
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$69M 1.22%
1,160,686
+29,232
+3% +$1.94M
2021 Q4
2 quarters
NIMC
5
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$64M 1.13%
565,432
+19,395
+4% +$2.24M
2021 Q2
4 quarters
AEPPZ
6
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$60M 1.06%
1,108,486
+12,587
+1% +$700K
2020 Q3
7 quarters
SWT
7
DELISTED
Stanley Black & Decker, Inc.
SWT
$51.1M 0.9%
754,966
-30,925
-4% -$2.42M
2019 Q4
10 quarters
SPY icon
8
State Street SPDR S&P 500 ETF Trust
SPY
$833B
$50.9M 0.9%
+135,000
New +$55.3M
2022 Q2
0 quarters
DHR.PRB icon
9
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$32.8M 0.58%
24,506
-716
-3% -$1.01M
2021 Q4
2 quarters
AVGOP icon
10
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$29.7M 0.52%
19,527
-10,844
-36% -$19.1M
2021 Q4
2 quarters
DTP
11
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$28.3M 0.5%
546,733
+57,200
+12% +$2.99M
2019 Q4
10 quarters
NEE.PRP icon
12
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$28.2M 0.5%
567,975
-41,800
-7% -$2.05M
2020 Q1
9 quarters
BSX.PRA icon
13
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$28.2M 0.5%
276,620
+27,423
+11% +$2.99M
2021 Q4
2 quarters
RBCP
14
DELISTED
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
$19.8M 0.35%
207,864
-57,851
-22% -$5.38M
2021 Q3
3 quarters
SOLN
15
DELISTED
The Southern Company
SOLN
$19.5M 0.34%
366,613
-74,300
-17% -$4.08M
2019 Q3
11 quarters
AESC
16
DELISTED
The AES Corporation
AESC
$14.8M 0.26%
171,828
+14,449
+9% +$1.29M
2021 Q1
5 quarters
FLG.PRU icon
17
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
$9.71M 0.17%
208,964
-7,384
-3% -$349K
2017 Q2
20 quarters
PARAP icon
18
DELISTED
Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
$5.95M 0.11%
147,993
+6,468
+5% +$297K
2021 Q4
2 quarters
ELAT
19
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
$4.27M 0.08%
133,023
-337,405
-72% -$12.7M
2020 Q1
9 quarters
T icon
20
AT&T
T
$152B
$4.19M 0.07%
200,000
+1,400
+0.7% +$27.9K
2022 Q1
1 quarter
MSFT icon
21
Microsoft
MSFT
$3.97T
$3.85M 0.07%
+15,000
New +$4.07M
2022 Q2
0 quarters
DKS icon
22
Dick's Sporting Goods
DKS
$13.5B
$3.51M 0.06%
+46,556
New +$4.14M
2022 Q2
0 quarters
F icon
23
Ford
F
$48.5B
$3.41M 0.06%
306,420
+295,320
+2,661% +$4.04M
2022 Q1
1 quarter
DE icon
24
Deere & Co
DE
$167B
$3M 0.05%
+10,000
New +$3.68M
2022 Q2
0 quarters
XYZ icon
25
Block Inc
XYZ
$46.4B
$2.85M 0.05%
+46,335
New +$4.23M
2022 Q2
0 quarters
1
2 3 4 5

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Advent Capital Management's Q2 2022 Portfolio in Review

As of Q2 2022, Advent Capital Management held 304 positions worth $5.65B, down 9.5% from $6.25B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Advent Capital Management withdrew a net $4.91B in Q2 2022, closing 58 positions and reducing 10 holdings. Its most notable exit was Dominion Energy, Inc. 2019 Series A Corporate Units, an estimated $27.9M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, up from 98% a quarter earlier, followed by Utilities and Technology.

Against the trend, Advent Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $50.9M.

  • Advent Capital Management's largest Q2 2022 buy was State Street SPDR S&P 500 ETF Trust: 135,000 shares worth $50.9M.
  • Advent Capital Management added most to Bank of America Series L in Q2 2022, an estimated $15.7M increase.
  • Advent Capital Management's biggest Q2 2022 reduction was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $19.1M.
  • Advent Capital Management fully exited Dominion Energy, Inc. 2019 Series A Corporate Units in Q2 2022, selling an estimated $27.9M.
  • Advent Capital Management's ten largest holdings make up 20% of its $5.65B portfolio in Q2 2022.
  • Advent Capital Management opened 30 new positions and closed 58 in Q2 2022.
  • Advent Capital Management's portfolio value fell 9.5% quarter-over-quarter to $5.65B.

Based on Advent Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.