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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
-0.71%
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
$4.3B
AUM Growth
-$869M
(-17%)
Cap. Flow
-$4.23B
Cap. Flow
% of AUM
-98.29%
Top 10 Holdings %
Top 10 Hldgs %
26.13%
Holding
253
New
22
Increased
7
Reduced
10
Closed
54
Avg Time Held Equity + Options
4.9
quarters
Top 10 Avg Time Held Equity + Options
3.9
quarters
Top 20 Avg Time Held Equity + Options
2.7
quarters
Avg Time Held Equity only
5.2
quarters
Top 10 Avg Time Held Equity only
3.9
quarters
Top 20 Avg Time Held Equity only
2.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
|
+$58.4M |
| 2 |
Apollo Global Management Series A
APO.PRA
|
+$43.6M |
| 3 |
Lennar Class A
LEN
|
+$4.24M |
| 4 |
RH
RH
|
+$3.82M |
| 5 |
Simon Property Group
SPG
|
+$3.51M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.79% |
| 2 | Technology | 0.33% |
| 3 | Consumer Discretionary | 0.19% |
| 4 | Industrials | 0.18% |
| 5 | Financials | 0.17% |
| 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
| $200M | 4.65% |
179,401
-4,671
| -3% | -$5.42M |
2023 Q1
2 quarters
|
|
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
| $200M | 4.65% |
179,122
+1,937
| +1% | +$2.24M |
2023 Q1
2 quarters
|
|
|
3
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $76.8M | 1.79% |
2,033,987
+1,333,068
| +190% | +$58.4M |
2022 Q4
3 quarters
|
|
|
4
DELISTED
Apollo Global Management Series A
APO.PRA
| $44.4M | 1.03% |
+807,500
| New | +$43.6M |
2023 Q3
0 quarters
|
|
5
DELISTED
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
| $13.9M | 0.32% |
204,272
-260,790
| -56% | -$17.5M |
2022 Q4
3 quarters
|
|
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| $10.7M | 0.25% |
25,000
-45,000
| -64% | -$20M |
2022 Q3
4 quarters
|
|
|
AESC
7
DELISTED
The AES Corporation
AESC
| $10.6M | 0.25% |
173,672
-645
| -0.4% | -$48.7K |
2023 Q1
2 quarters
|
|
8
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$104M
| $6.21M | 0.14% |
169,060
-8,660
| -5% | -$336K |
2023 Q1
2 quarters
|
|
9
IBM
IBM
$214B
| $4.21M | 0.1% |
30,000
| – | – |
2022 Q3
4 quarters
|
|
10
Halliburton
HAL
$27.1B
| $4.05M | 0.09% |
100,000
| – | – |
2022 Q4
3 quarters
|
|
|
11
Lennar Class A
LEN
$18.2B
| $3.93M | 0.09% |
+36,155
| New | +$4.24M |
2023 Q3
0 quarters
|
|
12
NVIDIA
NVDA
$5.54T
| $3.26M | 0.08% |
+75,000
| New | +$3.36M |
2023 Q3
0 quarters
|
|
|
13
Simon Property Group
SPG
$64.5B
| $3.24M | 0.08% |
+30,000
| New | +$3.51M |
2023 Q3
0 quarters
|
|
14
Johnson Controls International
JCI
$95.4B
| $3.19M | 0.07% |
60,000
| – | – |
2023 Q1
2 quarters
|
|
15
Merck
MRK
$359B
| $3.09M | 0.07% |
+30,000
| New | +$3.23M |
2023 Q3
0 quarters
|
|
16
CALL
Alibaba
BABA
$277B
| $3.04M | 0.07% |
35,000
-45,000
| -56% | -$4.12M |
2023 Q2
1 quarter
|
|
17
AbbVie
ABBV
$489B
| $2.98M | 0.07% |
20,000
| – | – |
2022 Q4
3 quarters
|
|
|
18
RH
RH
$2.21B
| $2.91M | 0.07% |
+11,000
| New | +$3.82M |
2023 Q3
0 quarters
|
|
19
Snowflake
SNOW
$130B
| $2.9M | 0.07% |
19,000
+10,000
| +111% | +$1.63M |
2023 Q2
1 quarter
|
|
20
Morgan Stanley
MS
$298B
| $2.86M | 0.07% |
35,000
+10,000
| +40% | +$868K |
2023 Q2
1 quarter
|
|
|
21
Bank of America
BAC
$380B
| $2.74M | 0.06% |
100,000
| – | – |
2023 Q2
1 quarter
|
|
22
Advanced Micro Devices
AMD
$993B
| $2.57M | 0.06% |
+25,000
| New | +$2.71M |
2023 Q3
0 quarters
|
|
|
23
CALL
Snowflake
SNOW
$130B
| $2.29M | 0.05% |
15,000
+8,000
| +114% | +$1.3M |
2023 Q2
1 quarter
|
|
24
Deere & Co
DE
$167B
| $2.26M | 0.05% |
+6,000
| New | +$2.47M |
2023 Q3
0 quarters
|
|
25
PGIM Global High Yield Fund
GHY
$447M
| $2.16M | 0.05% |
200,000
| – | – |
2023 Q1
2 quarters
|
|
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Advent Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Advent Capital Management held 253 positions worth $4.3B, down 17% from $5.17B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Advent Capital Management withdrew a net $4.23B in Q3 2023, closing 54 positions and reducing 10 holdings. Its most notable exit was KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock, an estimated $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 Technology and Consumer Discretionary.
Against the trend, Advent Capital Management opened a new position in Apollo Global Management Series A worth $44.4M.
- Advent Capital Management's largest Q3 2023 buy was Apollo Global Management Series A: 807,500 shares worth $44.4M.
- Advent Capital Management added most to NextEra Energy, Inc. 6.926% Corporate Units in Q3 2023, an estimated $58.4M increase.
- Advent Capital Management's biggest Q3 2023 reduction was Chart Industries 6.75% Series B Preferred Stock, cutting an estimated $17.5M.
- Advent Capital Management fully exited KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock in Q3 2023, selling an estimated $71M.
- Advent Capital Management's ten largest holdings make up 26% of its $4.3B portfolio in Q3 2023.
- Advent Capital Management opened 22 new positions and closed 54 in Q3 2023.
- Advent Capital Management's portfolio value fell 17% quarter-over-quarter to $4.3B.
Based on Advent Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.