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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
+1.18%
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
$4.11B
AUM Growth
-$58.7M
(-1.4%)
Cap. Flow
-$3.15B
Cap. Flow
% of AUM
-76.76%
Top 10 Holdings %
Top 10 Hldgs %
30.73%
Holding
249
New
52
Increased
10
Reduced
9
Closed
25
Avg Time Held Equity + Options
4.5
quarters
Top 10 Avg Time Held Equity + Options
1.8
quarters
Top 20 Avg Time Held Equity + Options
2.2
quarters
Avg Time Held Equity only
5.1
quarters
Top 10 Avg Time Held Equity only
1.8
quarters
Top 20 Avg Time Held Equity only
2.5
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
|
+$49.7M |
| 2 |
Apollo Global Management Series A
APO.PRA
|
+$21.6M |
| 3 |
Bank of America Series L
BAC.PRL
|
+$18.5M |
| 4 |
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
|
+$17.5M |
| 5 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$7.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Albemarle Corp Depositary Shares
ALB.PRA
|
+$15.4M |
| 2 |
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
|
+$11M |
| 3 |
Zoetis
ZTS
|
+$5.2M |
| 4 |
AbbVie
ABBV
|
+$5.15M |
| 5 |
Home Depot
HD
|
+$2.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.57% |
| 2 | Technology | 0.37% |
| 3 | Consumer Discretionary | 0.27% |
| 4 | Communication Services | 0.25% |
| 5 | Industrials | 0.19% |
| 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
| $251M | 6.12% |
197,009
+15,077
| +8% | +$18.5M |
2023 Q1
6 quarters
|
|
|
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.25B
| $233M | 5.66% |
182,159
+6,439
| +4% | +$7.88M |
2023 Q1
6 quarters
|
|
|
3
DELISTED
Apollo Global Management Series A
APO.PRA
| $99M | 2.41% |
1,461,117
+338,026
| +30% | +$21.6M |
2023 Q3
4 quarters
|
|
|
4
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $71.3M | 1.74% |
1,514,565
-246,282
| -14% | -$11M |
2022 Q4
7 quarters
|
|
5
PUT
iShares Russell 2000 ETF
IWM
$77.4B
| $66.3M | 1.61% |
300,000
+225,000
| +300% | +$48.1M |
2024 Q2
1 quarter
|
|
|
6
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
$5.63B
| $51.4M | 1.25% |
+848,603
| New | +$49.7M |
2024 Q3
0 quarters
|
|
|
7
DELISTED
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
| $37.3M | 0.91% |
743,602
+330,894
| +80% | +$17.5M |
2022 Q4
7 quarters
|
|
|
8
NextEra Energy 7.299% Corporate Units
NEE.PRS
$1.98B
| $16.8M | 0.41% |
302,663
+122,663
| +68% | +$6.45M |
2024 Q2
1 quarter
|
|
9
BrightSpring Health Services Unit
BTSGU
| $9.26M | 0.23% |
166,590
+37,200
| +29% | +$1.83M |
2024 Q2
1 quarter
|
|
|
10
Albemarle Corp Depositary Shares
ALB.PRA
$2.03B
| $8.48M | 0.21% |
190,000
-357,863
| -65% | -$15.4M |
2024 Q2
1 quarter
|
|
11
PUT
Invesco QQQ Trust
QQQ
$507B
| $7.32M | 0.18% |
+15,000
| New | +$7.1M |
2024 Q3
0 quarters
|
|
|
12
PUT
Hewlett Packard
HPE
$97.5B
| $3.07M | 0.07% |
+150,000
| New | +$2.87M |
2024 Q3
0 quarters
|
|
13
NVIDIA
NVDA
$5.54T
| $3.04M | 0.07% |
25,000
+15,000
| +150% | +$1.77M |
2024 Q2
1 quarter
|
|
14
Whirlpool
WHR
$1.88B
| $3M | 0.07% |
+28,000
| New | +$2.81M |
2024 Q3
0 quarters
|
|
|
15
Home Depot
HD
$290B
| $2.84M | 0.07% |
7,000
-7,000
| -50% | -$2.55M |
2024 Q2
1 quarter
|
|
16
Valero Energy
VLO
$125B
| $2.7M | 0.07% |
+20,000
| New | +$2.9M |
2024 Q3
0 quarters
|
|
17
Eaton
ETN
$167B
| $2.65M | 0.06% |
+8,000
| New | +$2.44M |
2024 Q3
0 quarters
|
|
18
Broadcom
AVGO
$1.73T
| $2.59M | 0.06% |
+15,000
| New | +$2.4M |
2024 Q3
0 quarters
|
|
19
EQT Corp
EQT
$33B
| $2.56M | 0.06% |
+70,000
| New | +$2.38M |
2024 Q3
0 quarters
|
|
20
Alphabet (Google) Class C
GOOG
$4.25T
| $2.51M | 0.06% |
15,000
-5,000
| -25% | -$846K |
2023 Q4
3 quarters
|
|
21
Verizon
VZ
$173B
| $2.47M | 0.06% |
55,000
| – | – |
2024 Q2
1 quarter
|
|
22
Take-Two Interactive
TTWO
$39.9B
| $2.46M | 0.06% |
+16,000
| New | +$2.43M |
2024 Q3
0 quarters
|
|
23
Organon & Co
OGN
$3.63B
| $2.39M | 0.06% |
125,000
| – | – |
2024 Q1
2 quarters
|
|
24
CALL
SoFi Technologies
SOFI
$20.4B
| $2.36M | 0.06% |
+300,000
| New | +$2.18M |
2024 Q3
0 quarters
|
|
25
Micron Technology
MU
$1.16T
| $2.28M | 0.06% |
22,000
+12,000
| +120% | +$1.25M |
2024 Q1
2 quarters
|
|
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Advent Capital Management's Q3 2024 Portfolio in Review
As of Q3 2024, Advent Capital Management held 249 positions worth $4.11B, down 1.4% from $4.17B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Advent Capital Management withdrew a net $3.15B in Q3 2024, closing 25 positions and reducing 9 holdings. Its most notable exit was Zoetis, an estimated $5.2M 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 Hewlett Packard Enterprise 7.625% Series C Preferred Stock worth $51.4M.
- Advent Capital Management's largest Q3 2024 buy was Hewlett Packard Enterprise 7.625% Series C Preferred Stock: 848,603 shares worth $51.4M.
- Advent Capital Management added most to Apollo Global Management Series A in Q3 2024, an estimated $21.6M increase.
- Advent Capital Management's biggest Q3 2024 reduction was Albemarle Corp Depositary Shares, cutting an estimated $15.4M.
- Advent Capital Management fully exited Zoetis in Q3 2024, selling an estimated $5.2M.
- Advent Capital Management's ten largest holdings make up 31% of its $4.11B portfolio in Q3 2024.
- Advent Capital Management opened 52 new positions and closed 25 in Q3 2024.
- Advent Capital Management's portfolio value fell 1.4% quarter-over-quarter to $4.11B.
Based on Advent Capital Management's 13F filing for Q3 2024, filed 13 Nov 2024.