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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
-0.5%
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
$5.52B
AUM Growth
-$137M
Cap. Flow
-$4.55B
Cap. Flow %
-82.49%
Top 10 Hldgs %
21.68%
Holding
269
New
27
Increased
9
Reduced
14
Closed
36

Top Buys

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$39.1M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$8.35M
3
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$5.35M
4
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$4.8M
5
ENPH icon
Enphase Energy
ENPH
+$2.58M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$53.6M
2
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$29.7M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$24.4M
4
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$22.2M
5
RBCP
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
+$19.8M

Sector Composition

Rank Sector Weight
1 Energy 0.12%
2 Technology 0.11%
3 Healthcare 0.01%
4 Communication Services 0.01%
5 Financials 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC.PRL icon
1
Bank of America Series L
BAC.PRL
$3.99B
$189M 3.43%
161,112
+6,770
+4% +$8.35M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$137M 2.48%
117,009
+31,224
+36% +$39.1M
NEE.PRQ
3
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$71.9M 1.3%
1,476,675
-84,789
-5% -$4.43M
KKR.PRC
4
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$68M 1.23%
1,245,181
+84,495
+7% +$5.35M
SPY icon
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$62.5M 1.13%
+175,000
New +$69.5M
NIMC
6
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$61M 1.11%
607,632
+42,200
+7% +$4.8M
AEPPZ
7
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$50.9M 0.92%
1,025,425
-83,061
-7% -$4.54M
BSX.PRA
8
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$23.9M 0.43%
233,351
-43,269
-16% -$4.58M
DHR.PRB
9
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$22.8M 0.41%
16,986
-7,520
-31% -$10.7M
SWT
10
DELISTED
Stanley Black & Decker, Inc.
SWT
$17.7M 0.32%
361,966
-393,000
-52% -$24.4M
AESC
11
DELISTED
The AES Corporation
AESC
$15.6M 0.28%
177,501
+5,673
+3% +$526K
DTP
12
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$11.8M 0.21%
235,177
-311,556
-57% -$16M
SPY icon
13
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$8.93M 0.16%
+25,000
New +$9.93M
FLG.PRU
14
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$8.81M 0.16%
204,068
-4,896
-2% -$229K
NEE.PRP
15
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$7.11M 0.13%
142,695
-425,280
-75% -$22.2M
LAZR
16
PUT
DELISTED
Luminar Technologies
LAZR
$3.64M 0.07%
+33,333
New +$3.98M
ENPH icon
17
Enphase Energy
ENPH
$5.53B
$2.78M 0.05%
10,019
+9,554
+2,055% +$2.58M
VLO icon
18
Valero Energy
VLO
$85.9B
$2.67M 0.05%
25,000
– –
COP icon
19
ConocoPhillips
COP
$141B
$2.05M 0.04%
20,000
-10,000
-33% -$997K
AFRM icon
20
PUT
Affirm
AFRM
$25.2B
$1.78M 0.03%
+95,000
New +$2.48M
IBM icon
21
IBM
IBM
$224B
$1.78M 0.03%
+15,000
New +$1.97M
NIO icon
22
PUT
NIO
NIO
$11.9B
$1.58M 0.03%
+100,000
New +$1.98M
AQNU
23
DELISTED
Algonquin Power & Utilities Corp Units
AQNU
$1.51M 0.03%
+40,000
New +$1.77M
CANO
24
CALL
DELISTED
Cano Health, Inc.
CANO
$1.3M 0.02%
+1,500
New +$940K
UPST icon
25
PUT
Upstart Holdings
UPST
$3.03B
$1.25M 0.02%
+60,000
New +$1.61M
1
2 3 4 5

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Advent Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Advent Capital Management held 269 positions worth $5.52B, down 2.4% from $5.65B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Advent Capital Management withdrew a net $4.55B in Q3 2022, closing 36 positions and reducing 14 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $53.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 0.12% of assets, down from 0.15% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Advent Capital Management opened a new position in IBM worth $1.78M.

  • Advent Capital Management's largest Q3 2022 buy was IBM: 15,000 shares worth $1.78M.
  • Advent Capital Management added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q3 2022, an estimated $39.1M increase.
  • Advent Capital Management's biggest Q3 2022 reduction was Stanley Black & Decker, Inc., cutting an estimated $24.4M.
  • Advent Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q3 2022, selling an estimated $53.6M.
  • Advent Capital Management's ten largest holdings make up 22% of its $5.52B portfolio in Q3 2022.
  • Advent Capital Management opened 27 new positions and closed 36 in Q3 2022.
  • Advent Capital Management's portfolio value fell 2.4% quarter-over-quarter to $5.52B.

Based on Advent Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.