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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
+0.36%
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
$5.76B
AUM Growth
+$247M
Cap. Flow
-$5.21B
Cap. Flow %
-90.47%
Top 10 Hldgs %
21.85%
Holding
271
New
18
Increased
8
Reduced
7
Closed
38

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$4.72M
2
PH icon
Parker-Hannifin
PH
+$3.72M
3
HAL icon
Halliburton
HAL
+$3.54M
4
LOW icon
Lowe's Companies
LOW
+$3M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.86M

Top Sells

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$191M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$139M
3
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$75.1M
4
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$72.9M
5
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$62.4M

Sector Composition

Rank Sector Weight
1 Energy 0.26%
2 Technology 0.11%
3 Communication Services 0.1%
4 Industrials 0.07%
5 Consumer Discretionary 0.05%
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
– –
-161,112
Closed -$191M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
– –
-117,009
Closed -$139M
SPY icon
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$78.6M 1.36%
205,500
+30,500
+17% +$11.7M
SPY icon
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$72.7M 1.26%
190,000
+165,000
+660% +$63.4M
NIMC
5
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
– –
-607,632
Closed -$62.4M
NEE.PRQ
6
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
– –
-1,476,675
Closed -$72.9M
KKR.PRC
7
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
– –
-1,245,181
Closed -$75.1M
AEPPZ
8
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
– –
-1,025,425
Closed -$52.1M
NEE.PRR
9
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
– –
0
– –
DHR.PRB
10
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
– –
-16,986
Closed -$23M
GTLS.PRB
11
DELISTED
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
– –
0
– –
AESC
12
DELISTED
The AES Corporation
AESC
– –
-177,501
Closed -$17.4M
BDXB
13
DELISTED
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
– –
-16,778
Closed -$809K
BSX.PRA
14
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
– –
-233,351
Closed -$25.7M
FLG.PRU
15
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
– –
-204,068
Closed -$8.72M
PXD
16
DELISTED
Pioneer Natural Resource Co.
PXD
$4.43M 0.08%
+19,400
New +$4.72M
HAL icon
17
Halliburton
HAL
$26.6B
$3.94M 0.07%
+100,000
New +$3.54M
PH icon
18
Parker-Hannifin
PH
$135B
$3.78M 0.07%
+13,000
New +$3.72M
IBM icon
19
IBM
IBM
$224B
$3.52M 0.06%
25,000
+10,000
+67% +$1.38M
OXY icon
20
Occidental Petroleum
OXY
$55.9B
$3.15M 0.05%
50,000
+30,000
+150% +$2.04M
LOW icon
21
Lowe's Companies
LOW
$125B
$2.99M 0.05%
+15,000
New +$3M
VZ icon
22
Verizon
VZ
$196B
$2.96M 0.05%
+75,000
New +$2.83M
NEE.PRP
23
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
– –
-142,695
Closed -$7.16M
GOOG icon
24
Alphabet (Google) Class C
GOOG
$4.32T
$2.66M 0.05%
+30,000
New +$2.86M
AAL icon
25
PUT
American Airlines Group
AAL
$10.6B
$2.54M 0.04%
200,000
+100,000
+100% +$1.36M
1
2 3 4

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Advent Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Advent Capital Management held 271 positions worth $5.76B, up 4.5% from $5.52B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Advent Capital Management withdrew a net $5.21B in Q4 2022, closing 38 positions and reducing 7 holdings. Its most notable exit was Bank of America Series L, an estimated $191M position sold in full.

By sector, the portfolio is most concentrated in Energy at 0.26% of assets, up from 0.12% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Advent Capital Management opened a new position in Pioneer Natural Resource Co. worth $4.43M.

  • Advent Capital Management's largest Q4 2022 buy was Pioneer Natural Resource Co.: 19,400 shares worth $4.43M.
  • Advent Capital Management added most to Occidental Petroleum in Q4 2022, an estimated $2.04M increase.
  • Advent Capital Management's biggest Q4 2022 reduction was Enphase Energy, cutting an estimated $2.83M.
  • Advent Capital Management fully exited Bank of America Series L in Q4 2022, selling an estimated $191M.
  • Advent Capital Management's ten largest holdings make up 22% of its $5.76B portfolio in Q4 2022.
  • Advent Capital Management opened 18 new positions and closed 38 in Q4 2022.
  • Advent Capital Management's portfolio value rose 4.5% quarter-over-quarter to $5.76B.

Based on Advent Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.