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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
+0.02%
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
$5.17B
AUM Growth
-$119M
(-2.2%)
Cap. Flow
-$3.33B
Cap. Flow
% of AUM
-64.45%
Top 10 Holdings %
Top 10 Hldgs %
24.6%
Holding
253
New
59
Increased
–
Reduced
4
Closed
25
Avg Time Held Equity + Options
4.4
quarters
Top 10 Avg Time Held Equity + Options
3.6
quarters
Top 20 Avg Time Held Equity + Options
3
quarters
Avg Time Held Equity only
5.2
quarters
Top 10 Avg Time Held Equity only
3.6
quarters
Top 20 Avg Time Held Equity only
3.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America Series L
BAC.PRL
|
+$216M |
| 2 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$204M |
| 3 |
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
|
+$67.4M |
| 4 |
NIMC
NiSource Inc. Series A Corporate Units
NIMC
|
+$67.2M |
| 5 |
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
|
+$67.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Parker-Hannifin
PH
|
+$4.71M |
| 2 |
Occidental Petroleum
OXY
|
+$3.12M |
| 3 |
PPL Corp
PPL
|
+$1.66M |
| 4 |
Comerica
CMA
|
+$1.52M |
| 5 |
iQIYI
IQ
|
+$782K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.9% |
| 2 | Industrials | 0.2% |
| 3 | Energy | 0.18% |
| 4 | Consumer Discretionary | 0.16% |
| 5 | Technology | 0.13% |
| 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
| $216M | 4.18% |
+184,072
| New | +$216M |
2023 Q1
1 quarter
|
|
|
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
| $205M | 3.96% |
+177,185
| New | +$204M |
2023 Q1
1 quarter
|
|
|
3
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
| $71M | 1.37% |
+1,072,349
| New | +$67.4M |
2023 Q1
1 quarter
|
|
|
4
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
| $67.3M | 1.3% |
+1,375,090
| New | +$67.1M |
2023 Q1
1 quarter
|
|
|
NIMC
5
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
| $66.8M | 1.29% |
+651,680
| New | +$67.2M |
2023 Q1
1 quarter
|
|
|
AEPPZ
6
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
| $32.2M | 0.62% |
+647,494
| New | +$32.3M |
2023 Q1
1 quarter
|
|
|
7
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $31.6M | 0.61% |
+700,919
| New | +$32.7M |
2022 Q4
2 quarters
|
|
8
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| $31M | 0.6% |
70,000
-30,000
| -30% | -$12.6M |
2022 Q3
3 quarters
|
|
9
DELISTED
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
| $30.3M | 0.59% |
+465,062
| New | +$25.1M |
2022 Q4
2 quarters
|
|
10
CALL
Walmart Inc
WMT
$883B
| $23.6M | 0.46% |
+450,000
| New | +$22.7M |
2023 Q2
0 quarters
|
|
11
CALL
Wynn Resorts
WYNN
$7.74B
| $21.1M | 0.41% |
+200,000
| New | +$21.4M |
2023 Q2
0 quarters
|
|
|
AESC
12
DELISTED
The AES Corporation
AESC
| $14.2M | 0.28% |
+174,317
| New | +$14.8M |
2023 Q1
1 quarter
|
|
13
CALL
TJX Companies
TJX
$153B
| $12.1M | 0.23% |
+142,500
| New | +$11.2M |
2023 Q2
0 quarters
|
|
14
CALL
Home Depot
HD
$290B
| $11.6M | 0.23% |
+37,500
| New | +$11.1M |
2023 Q2
0 quarters
|
|
|
AQNU
15
DELISTED
Algonquin Power & Utilities Corp Units
AQNU
| $10.3M | 0.2% |
+349,873
| New | +$10.5M |
2023 Q1
1 quarter
|
|
16
DELISTED
Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
| $9.33M | 0.18% |
+408,241
| New | +$10.6M |
2023 Q1
1 quarter
|
|
17
CALL
CrowdStrike
CRWD
$282B
| $9.18M | 0.18% |
+250,000
| New | +$8.71M |
2023 Q2
0 quarters
|
|
18
CALL
Ford
F
$48.5B
| $7.57M | 0.15% |
+500,000
| New | +$6.33M |
2023 Q2
0 quarters
|
|
19
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
| $7.23M | 0.14% |
+177,720
| New | +$7.08M |
2023 Q1
1 quarter
|
|
20
CALL
Alibaba
BABA
$277B
| $6.67M | 0.13% |
+80,000
| New | +$7M |
2023 Q2
0 quarters
|
|
21
CALL
Box
BOX
$4.99B
| $5.88M | 0.11% |
+200,000
| New | +$5.54M |
2023 Q2
0 quarters
|
|
|
22
Home Depot
HD
$290B
| $4.66M | 0.09% |
+15,000
| New | +$4.43M |
2023 Q2
0 quarters
|
|
23
CALL
Deere & Co
DE
$167B
| $4.46M | 0.09% |
+11,000
| New | +$4.21M |
2023 Q2
0 quarters
|
|
24
CALL
Caterpillar
CAT
$368B
| $4.31M | 0.08% |
+17,500
| New | +$3.9M |
2023 Q2
0 quarters
|
|
25
Johnson Controls International
JCI
$95.4B
| $4.09M | 0.08% |
60,000
| – | – |
2023 Q1
1 quarter
|
|
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Advent Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Advent Capital Management held 253 positions worth $5.17B, down 2.2% from $5.29B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Advent Capital Management withdrew a net $3.33B in Q2 2023, closing 25 positions and reducing 4 holdings. Its most notable exit was Parker-Hannifin, an estimated $4.71M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 99% a quarter earlier, followed by Industrials and Energy.
Against the trend, Advent Capital Management opened a new position in Bank of America Series L worth $216M.
- Advent Capital Management's largest Q2 2023 buy was Bank of America Series L: 184,072 shares worth $216M.
- Advent Capital Management's biggest Q2 2023 reduction was First Trust High Yield Opportunities 2027 Term Fund, cutting an estimated $19K.
- Advent Capital Management fully exited Parker-Hannifin in Q2 2023, selling an estimated $4.71M.
- Advent Capital Management's ten largest holdings make up 25% of its $5.17B portfolio in Q2 2023.
- Advent Capital Management opened 59 new positions and closed 25 in Q2 2023.
- Advent Capital Management's portfolio value fell 2.2% quarter-over-quarter to $5.17B.
Based on Advent Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.