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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
+0.97%
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
$4.36B
AUM Growth
+$60.1M
(+1.4%)
Cap. Flow
-$3.28B
Cap. Flow
% of AUM
-75.17%
Top 10 Holdings %
Top 10 Hldgs %
27.21%
Holding
220
New
21
Increased
6
Reduced
4
Closed
37
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GTLS.PRB
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
|
+$21.3M |
| 2 |
APO.PRA
Apollo Global Management Series A
APO.PRA
|
+$20.4M |
| 3 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$16.4M |
| 4 |
Bank of America Series L
BAC.PRL
|
+$6.95M |
| 5 |
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
|
+$5.89M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$4.21M |
| 2 |
Halliburton
HAL
|
+$4.05M |
| 3 |
Lennar Class A
LEN
|
+$3.93M |
| 4 |
NVIDIA
NVDA
|
+$3.26M |
| 5 |
Simon Property Group
SPG
|
+$3.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 0.25% |
| 2 | Healthcare | 0.25% |
| 3 | Industrials | 0.15% |
| 4 | Financials | 0.12% |
| 5 | Technology | 0.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
| $232M | 5.33% |
193,824
+14,702
| +8% | +$16.4M |
|
|
2
Bank of America Series L
BAC.PRL
$3.99B
| $224M | 5.14% |
185,624
+6,223
| +3% | +$6.95M |
|
|
NEE.PRR
3
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $83.9M | 1.92% |
2,193,675
+159,688
| +8% | +$5.89M |
|
|
APO.PRA
4
DELISTED
Apollo Global Management Series A
APO.PRA
| $66.9M | 1.53% |
1,186,829
+379,329
| +47% | +$20.4M |
|
|
GTLS.PRB
5
DELISTED
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
| $33.5M | 0.77% |
588,923
+384,651
| +188% | +$21.3M |
|
6
CALL
CenterPoint Energy
CNP
$26.8B
| $19.6M | 0.45% |
+687,000
| New | +$19.1M |
|
|
AESC
7
DELISTED
The AES Corporation
AESC
| $11.8M | 0.27% |
154,921
-18,751
| -11% | -$1.21M |
|
|
FLG.PRU
8
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$118M
| $6.63M | 0.15% |
157,624
-11,436
| -7% | -$423K |
|
9
AbbVie
ABBV
$435B
| $4.65M | 0.11% |
30,000
+10,000
| +50% | +$1.46M |
|
10
MGM Resorts International
MGM
$11.2B
| $4.47M | 0.1% |
+100,000
| New | +$3.92M |
|
11
JPMorgan Chase
JPM
$950B
| $3.4M | 0.08% |
+20,000
| New | +$3.03M |
|
12
SLB Ltd
SLB
$75B
| $3.38M | 0.08% |
+65,000
| New | +$3.53M |
|
13
Freeport-McMoran
FCX
$97.5B
| $3.19M | 0.07% |
+75,000
| New | +$2.77M |
|
14
NextEra Energy
NEE
$177B
| $3.04M | 0.07% |
+50,000
| New | +$2.85M |
|
15
Pfizer
PFE
$153B
| $2.88M | 0.07% |
+100,000
| New | +$3.02M |
|
16
Alphabet (Google) Class C
GOOG
$4.32T
| $2.82M | 0.06% |
+20,000
| New | +$2.71M |
|
17
Salesforce
CRM
$158B
| $2.63M | 0.06% |
+10,000
| New | +$2.26M |
|
18
Boeing
BA
$185B
| $2.61M | 0.06% |
+10,000
| New | +$2.14M |
|
19
Bath & Body Works
BBWI
$4.1B
| $2.59M | 0.06% |
+60,000
| New | +$2.03M |
|
20
Best Buy
BBY
$17.3B
| $2.35M | 0.05% |
+30,000
| New | +$2.11M |
|
21
Copa Holdings
CPA
$5.8B
| $2.13M | 0.05% |
+20,000
| New | +$1.83M |
|
22
Enphase Energy
ENPH
$5.53B
| $1.98M | 0.05% |
+15,000
| New | +$1.59M |
|
23
Chubb
CB
$135B
| $1.81M | 0.04% |
+8,000
| New | +$1.75M |
|
24
Deere & Co
DE
$168B
| $1.6M | 0.04% |
4,000
-2,000
| -33% | -$754K |
|
25
Live Nation Entertainment
LYV
$42.1B
| $1.59M | 0.04% |
+17,000
| New | +$1.46M |
|
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Advent Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Advent Capital Management held 220 positions worth $4.36B, up 1.4% from $4.3B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Advent Capital Management withdrew a net $3.28B in Q4 2023, closing 37 positions and reducing 4 holdings. Its most notable exit was IBM, an estimated $4.21M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 0.25% of assets, up from 0.19% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Advent Capital Management opened a new position in MGM Resorts International worth $4.47M.
- Advent Capital Management's largest Q4 2023 buy was MGM Resorts International: 100,000 shares worth $4.47M.
- Advent Capital Management added most to Chart Industries 6.75% Series B Preferred Stock in Q4 2023, an estimated $21.3M increase.
- Advent Capital Management's biggest Q4 2023 reduction was The AES Corporation, cutting an estimated $1.21M.
- Advent Capital Management fully exited IBM in Q4 2023, selling an estimated $4.21M.
- Advent Capital Management's ten largest holdings make up 27% of its $4.36B portfolio in Q4 2023.
- Advent Capital Management opened 21 new positions and closed 37 in Q4 2023.
- Advent Capital Management's portfolio value rose 1.4% quarter-over-quarter to $4.36B.
Based on Advent Capital Management's 13F filing for Q4 2023, filed 13 Feb 2024.