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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
+0.4%
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
$4.59B
AUM Growth
-$109M
Cap. Flow
-$3.39B
Cap. Flow %
-73.8%
Top 10 Hldgs %
30.62%
Holding
260
New
26
Increased
21
Reduced
8
Closed
39

Top Buys

Rank Stock Value
1
NEE.PRS
NextEra Energy 7.299% Corporate Units
NEE.PRS
+$57.7M
2
BRKRP
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
+$30.1M
3
FOUR.PRA
Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA
+$11.9M
4
APO.PRA icon
Apollo Global Management Series A
APO.PRA
+$10.8M
5
MCHPP
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
+$6.76M

Top Sells

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
+$69.9M
2
GTLS.PRB
Chart Industries 6.75% Series B Preferred Stock
GTLS.PRB
+$14.3M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$6.02M
4
META icon
Meta Platforms (Facebook)
META
+$4.43M
5
IBM icon
IBM
IBM
+$4.13M

Sector Composition

Rank Sector Weight
1 Technology 0.76%
2 Healthcare 0.25%
3 Industrials 0.25%
4 Consumer Discretionary 0.19%
5 Communication Services 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
$3.95B
$223M 4.87%
176,506
+3,668
+2% +$4.55M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$216M 4.7%
175,046
-4,963
-3% -$6.02M
NEE.PRS
3
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.18B
$105M 2.3%
2,119,534
+1,174,983
+124% +$57.7M
SPY icon
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$105M 2.29%
158,000
+40,500
+34% +$26M
APO.PRA icon
5
Apollo Global Management Series A
APO.PRA
$1.79B
$92.4M 2.01%
1,320,670
+145,476
+12% +$10.8M
KKR.PRD
6
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
$2.21B
$92.1M 2.01%
1,771,241
+39,421
+2% +$2.21M
BA.PRA
7
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$7.49B
$56.4M 1.23%
819,770
+21,651
+3% +$1.56M
ARES.PRB
8
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.22B
$41.9M 0.91%
837,300
+8,750
+1% +$485K
MCHPP
9
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
$32.4M 0.71%
549,710
+107,785
+24% +$6.76M
BRKRP
10
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
$1.24B
$30.6M 0.67%
+112,520
New +$30.1M
ACVT
11
Advent Convertible Bond ETF
ACVT
$32.3M
$26.6M 0.58%
990,000
– –
FOUR.PRA
12
Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA
$608M
$26.5M 0.58%
284,030
+109,492
+63% +$11.9M
HPE.PRC
13
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
$3.7B
$18.3M 0.4%
270,147
+44,091
+20% +$2.77M
PCG.PRX
14
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.4B
$17.2M 0.37%
437,794
+43,534
+11% +$1.7M
QXO.PRB
15
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
$483M
$9.53M 0.21%
174,000
+94,000
+118% +$5.57M
STRK
16
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
$442M
$8.53M 0.19%
93,238
+53,420
+134% +$5.56M
BABA icon
17
CALL
Alibaba
BABA
$269B
$5.27M 0.11%
29,500
+9,500
+48% +$1.24M
JD icon
18
CALL
JD.com
JD
$40.8B
$5.25M 0.11%
+150,000
New +$4.88M
AMGN icon
19
Amgen
AMGN
$203B
$4.52M 0.1%
16,000
+1,000
+7% +$290K
FANG icon
20
Diamondback Energy
FANG
$57.6B
$4.29M 0.09%
30,000
+5,000
+20% +$712K
AMZN icon
21
Amazon
AMZN
$2.5T
$3.95M 0.09%
18,000
+8,000
+80% +$1.81M
ETN icon
22
Eaton
ETN
$157B
$3.74M 0.08%
10,000
+7,000
+233% +$2.55M
SPOT icon
23
Spotify
SPOT
$99.2B
$3.49M 0.08%
+5,000
New +$3.5M
GME icon
24
CALL
GameStop
GME
$9.5B
$3.41M 0.07%
125,000
+95,000
+317% +$2.25M
BMY icon
25
Bristol-Myers Squibb
BMY
$127B
$3.38M 0.07%
+75,000
New +$3.5M
1
2 3 4

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Advent Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Advent Capital Management held 260 positions worth $4.59B, down 2.3% from $4.7B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Advent Capital Management withdrew a net $3.39B in Q3 2025, closing 39 positions and reducing 8 holdings. Its most notable exit was NextEra Energy, Inc. 6.926% Corporate Units, an estimated $69.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.76% of assets, down from 0.88% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Advent Capital Management opened a new position in Bruker Corporation 6.375% Series A Preferred Stock worth $30.6M.

  • Advent Capital Management's largest Q3 2025 buy was Bruker Corporation 6.375% Series A Preferred Stock: 112,520 shares worth $30.6M.
  • Advent Capital Management added most to NextEra Energy 7.299% Corporate Units in Q3 2025, an estimated $57.7M increase.
  • Advent Capital Management's biggest Q3 2025 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $6.02M.
  • Advent Capital Management fully exited NextEra Energy, Inc. 6.926% Corporate Units in Q3 2025, selling an estimated $69.9M.
  • Advent Capital Management's ten largest holdings make up 31% of its $4.59B portfolio in Q3 2025.
  • Advent Capital Management opened 26 new positions and closed 39 in Q3 2025.
  • Advent Capital Management's portfolio value fell 2.3% quarter-over-quarter to $4.59B.

Based on Advent Capital Management's 13F filing for Q3 2025, filed 13 Nov 2025.