We are live on ! Find out more
ACM

Advent Capital Management Portfolio holdings

AUM $3.63B
1-Year Est. Return 0.29%
This Fund
S&P 500
This Quarter Est. Return
-0.71%
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
$4.3B
AUM Growth
-$869M
Cap. Flow
-$4.37B
Cap. Flow %
-101.69%
Top 10 Hldgs %
26.13%
Holding
253
New
22
Increased
7
Reduced
10
Closed
54

Top Buys

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
+$58.4M
2
APO.PRA
Apollo Global Management Series A
APO.PRA
+$43.6M
3
LEN icon
Lennar Class A
LEN
+$4.24M
4
RH icon
RH
RH
+$3.82M
5
SPG icon
Simon Property Group
SPG
+$3.51M

Top Sells

Rank Stock Value
1
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$71M
2
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$67.3M
3
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$66.8M
4
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$32.2M
5
GTLS.PRB
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
+$17.5M

Sector Composition

Rank Sector Weight
1 Technology 0.33%
2 Consumer Discretionary 0.19%
3 Industrials 0.18%
4 Financials 0.17%
5 Healthcare 0.14%
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
$200M 4.65%
179,401
-4,671
-3% -$5.42M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$200M 4.65%
179,122
+1,937
+1% +$2.24M
NEE.PRR
3
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
$76.8M 1.79%
2,033,987
+1,333,068
+190% +$58.4M
APO.PRA
4
DELISTED
Apollo Global Management Series A
APO.PRA
$44.4M 1.03%
+807,500
New +$43.6M
GTLS.PRB
5
DELISTED
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
$13.9M 0.32%
204,272
-260,790
-56% -$17.5M
SPY icon
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$10.7M 0.25%
25,000
-45,000
-64% -$20M
AESC
7
DELISTED
The AES Corporation
AESC
$10.6M 0.25%
173,672
-645
-0.4% -$48.7K
FLG.PRU
8
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
$6.21M 0.14%
169,060
-8,660
-5% -$336K
IBM icon
9
IBM
IBM
$224B
$4.21M 0.1%
30,000
– –
HAL icon
10
Halliburton
HAL
$26.6B
$4.05M 0.09%
100,000
– –
LEN icon
11
Lennar Class A
LEN
$21.2B
$3.93M 0.09%
+36,155
New +$4.24M
NVDA icon
12
NVIDIA
NVDA
$5.42T
$3.26M 0.08%
+75,000
New +$3.36M
SPG icon
13
Simon Property Group
SPG
$72.3B
$3.24M 0.08%
+30,000
New +$3.51M
JCI icon
14
Johnson Controls International
JCI
$92.2B
$3.19M 0.07%
60,000
– –
MRK icon
15
Merck
MRK
$318B
$3.09M 0.07%
+30,000
New +$3.23M
BABA icon
16
CALL
Alibaba
BABA
$308B
$3.04M 0.07%
35,000
-45,000
-56% -$4.12M
ABBV icon
17
AbbVie
ABBV
$435B
$2.98M 0.07%
20,000
– –
RH icon
18
RH
RH
$3.71B
$2.91M 0.07%
+11,000
New +$3.82M
SNOW icon
19
Snowflake
SNOW
$115B
$2.9M 0.07%
19,000
+10,000
+111% +$1.63M
MS icon
20
Morgan Stanley
MS
$340B
$2.86M 0.07%
35,000
+10,000
+40% +$868K
BAC icon
21
Bank of America
BAC
$442B
$2.74M 0.06%
100,000
– –
AMD icon
22
Advanced Micro Devices
AMD
$789B
$2.57M 0.06%
+25,000
New +$2.71M
SNOW icon
23
CALL
Snowflake
SNOW
$115B
$2.29M 0.05%
15,000
+8,000
+114% +$1.3M
DE icon
24
Deere & Co
DE
$168B
$2.26M 0.05%
+6,000
New +$2.47M
GHY
25
PGIM Global High Yield Fund
GHY
$483M
$2.16M 0.05%
200,000
– –
1
2 3 4 5

Similar funds

GCM
Ghisallo Capital Management Boston, Massachusetts $3.63B AUM 30.51% 1-Year Est. Return
VI
Vestcor Inc Fredericton, New Brunswick, Canada $3.63B AUM 21.49% 1-Year Est. Return
SCM
Saba Capital Management New York $3.62B AUM 12.96% 1-Year Est. Return
SL
Siren LLC Greenwich, Connecticut $3.61B AUM 203.3% 1-Year Est. Return
OCM
One Capital Management Westlake Village, California $3.65B AUM 15.32% 1-Year Est. Return
AA
Advisory Alpha Holland, Michigan $3.66B AUM 14.99% 1-Year Est. Return
GCM
Gates Capital Management New York $3.66B AUM 12.63% 1-Year Est. Return
MTIM
Marathon Trading Investment Management Radnor, Pennsylvania $3.67B AUM 21.97% 1-Year Est. Return

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 $4.37B 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 Technology at 0.33% of assets, up from 0.13% a quarter earlier, followed by Consumer Discretionary and Industrials.

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.