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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
-0.5%
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
$5.52B
AUM Growth
-$137M
(-2.4%)
Cap. Flow
-$4.65B
Cap. Flow
% of AUM
-84.22%
Top 10 Holdings %
Top 10 Hldgs %
21.68%
Holding
269
New
27
Increased
9
Reduced
14
Closed
36
Avg Time Held Equity + Options
4.5
quarters
Top 10 Avg Time Held Equity + Options
3
quarters
Top 20 Avg Time Held Equity + Options
2.2
quarters
Avg Time Held Equity only
4.8
quarters
Top 10 Avg Time Held Equity only
3
quarters
Top 20 Avg Time Held Equity only
2.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$39.1M |
| 2 |
Bank of America Series L
BAC.PRL
|
+$8.35M |
| 3 |
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 |
Enphase Energy
ENPH
|
+$2.58M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.73% |
| 2 | Energy | 0.12% |
| 3 | Technology | 0.11% |
| 4 | Healthcare | 0.01% |
| 5 | Communication Services | 0.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Bank of America Series L
BAC.PRL
$3.67B
| $189M | 3.43% |
161,112
+6,770
| +4% | +$8.35M |
2021 Q4
3 quarters
|
|
|
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
| $137M | 2.48% |
117,009
+31,224
| +36% | +$39.1M |
2021 Q4
3 quarters
|
|
3
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
| $71.9M | 1.3% |
1,476,675
-84,789
| -5% | -$4.43M |
2020 Q3
8 quarters
|
|
|
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 |
2021 Q4
3 quarters
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| $62.5M | 1.13% |
+175,000
| New | +$69.5M |
2022 Q3
0 quarters
|
|
|
NIMC
6
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
| $61M | 1.11% |
607,632
+42,200
| +7% | +$4.8M |
2021 Q2
5 quarters
|
|
|
AEPPZ
7
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
| $50.9M | 0.92% |
1,025,425
-83,061
| -7% | -$4.54M |
2020 Q3
8 quarters
|
|
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 |
2021 Q4
3 quarters
|
|
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 |
2021 Q4
3 quarters
|
|
|
SWT
10
DELISTED
Stanley Black & Decker, Inc.
SWT
| $17.7M | 0.32% |
361,966
-393,000
| -52% | -$24.4M |
2019 Q4
11 quarters
|
|
|
AESC
11
DELISTED
The AES Corporation
AESC
| $15.6M | 0.28% |
177,501
+5,673
| +3% | +$526K |
2021 Q1
6 quarters
|
|
|
DTP
12
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
| $11.8M | 0.21% |
235,177
-311,556
| -57% | -$16M |
2019 Q4
11 quarters
|
|
|
13
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| $8.93M | 0.16% |
+25,000
| New | +$9.93M |
2022 Q3
0 quarters
|
|
14
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
| $8.81M | 0.16% |
204,068
-4,896
| -2% | -$229K |
2017 Q2
21 quarters
|
|
|
15
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
| $7.11M | 0.13% |
142,695
-425,280
| -75% | -$22.2M |
2020 Q1
10 quarters
|
|
16
PUT
DELISTED
Luminar Technologies
LAZR
| $3.64M | 0.07% |
+33,333
| New | +$3.98M |
2022 Q3
0 quarters
|
|
|
17
Enphase Energy
ENPH
$4.34B
| $2.78M | 0.05% |
10,019
+9,554
| +2,055% | +$2.58M |
2022 Q2
1 quarter
|
|
18
Valero Energy
VLO
$125B
| $2.67M | 0.05% |
25,000
| – | – |
2022 Q2
1 quarter
|
|
19
ConocoPhillips
COP
$161B
| $2.05M | 0.04% |
20,000
-10,000
| -33% | -$997K |
2021 Q1
6 quarters
|
|
20
PUT
Affirm
AFRM
$27.2B
| $1.78M | 0.03% |
+95,000
| New | +$2.48M |
2022 Q3
0 quarters
|
|
21
IBM
IBM
$214B
| $1.78M | 0.03% |
+15,000
| New | +$1.97M |
2022 Q3
0 quarters
|
|
22
PUT
NIO
NIO
$8.97B
| $1.58M | 0.03% |
+100,000
| New | +$1.98M |
2022 Q3
0 quarters
|
|
|
AQNU
23
DELISTED
Algonquin Power & Utilities Corp Units
AQNU
| $1.51M | 0.03% |
+40,000
| New | +$1.77M |
2022 Q3
0 quarters
|
|
|
CANO
24
CALL
DELISTED
Cano Health, Inc.
CANO
| $1.3M | 0.02% |
+1,500
| New | +$940K |
2022 Q3
0 quarters
|
|
25
PUT
Upstart Holdings
UPST
$2.35B
| $1.25M | 0.02% |
+60,000
| New | +$1.61M |
2022 Q3
0 quarters
|
|
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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 $4.65B 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 Miscellaneous at 100% of assets, up from 99% a quarter earlier, followed by Energy and Technology.
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.