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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
-1.8%
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
$3.63B
AUM Growth
-$1.35B
Cap. Flow
-$2.86B
Cap. Flow %
-78.73%
Top 10 Hldgs %
31.28%
Holding
237
New
31
Increased
13
Reduced
13
Closed
22

Top Buys

Rank Stock Value
1
MCHPP
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
+$14.7M
2
SOMN
The Southern Company 2025 Series A Corp Units
SOMN
+$10.5M
3
QXO.PRB
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
+$6.52M
4
UAL icon
United Airlines
UAL
+$4.19M
5
NOW icon
ServiceNow
NOW
+$4.12M

Top Sells

Rank Stock Value
1
NOVTU
Novanta Inc Units
NOVTU
+$17.1M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$11.4M
3
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$10.1M
4
HPE.PRC
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
+$9.33M
5
FOUR.PRA
Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA
+$5.27M

Sector Composition

Rank Sector Weight
1 Miscellaneous 97.06%
2 Technology 1.68%
3 Industrials 0.4%
4 Consumer Discretionary 0.29%
5 Financials 0.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$195M 5.38%
300,000
-560,000
-65% -$381M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$178M 4.91%
149,172
-8,139
-5% -$10.1M
NEE.PRS
3
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.07B
$110M 3.02%
1,937,116
-51,206
-3% -$2.83M
KKR.PRD
4
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
$2.47B
$82.5M 2.28%
2,045,065
+47,518
+2% +$2.15M
APO.PRA
5
DELISTED
Apollo Global Management Series A
APO.PRA
$76.7M 2.12%
1,303,436
+25,854
+2% +$1.68M
SOMN
6
The Southern Company 2025 Series A Corp Units
SOMN
$58.1M 1.6%
1,121,375
+204,386
+22% +$10.5M
BA.PRA
7
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$7.49B
$56.4M 1.55%
867,181
+18,020
+2% +$1.31M
MCHPP
8
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
$43.5M 1.2%
760,734
+230,778
+44% +$14.7M
ARES.PRB
9
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.36B
$34.7M 0.96%
933,089
+12,616
+1% +$542K
ACVT
10
Advent Convertible Bond ETF
ACVT
$34.8M
$28.2M 0.78%
1,083,500
+93,250
+9% +$2.49M
SPY icon
11
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$27.6M 0.76%
+42,500
New +$28.9M
HPE.PRC
12
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
$4.03B
$24.4M 0.67%
375,591
-151,955
-29% -$9.33M
BRKRP
13
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
$1.16B
$20.6M 0.57%
71,120
-15,559
-18% -$5.08M
QXO.PRB
14
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
$474M
$20.5M 0.57%
367,465
+102,065
+38% +$6.52M
PCG.PRX
15
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.31B
$20.3M 0.56%
470,385
+3,881
+0.8% +$165K
WFC.PRL icon
16
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.64B
$17.2M 0.47%
148,222
-9,378
-6% -$11.4M
NOVTU
17
Novanta Inc Units
NOVTU
$678M
$15.4M 0.42%
287,611
-294,379
-51% -$17.1M
FOUR.PRA
18
Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA
$576M
$13.2M 0.36%
247,214
-76,166
-24% -$5.27M
MSFT icon
19
CALL
Microsoft
MSFT
$3.81T
$7.4M 0.2%
+20,000
New +$8.37M
STRK
20
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
$524M
$6.96M 0.19%
97,805
-7,933
-8% -$635K
ALB.PRA icon
21
Albemarle Corp Depositary Shares
ALB.PRA
$2.57B
$5.82M 0.16%
81,297
+3,550
+5% +$245K
BTSGU icon
22
BrightSpring Health Services Unit
BTSGU
$1.62B
$3.75M 0.1%
26,314
+12,786
+95% +$1.73M
GM icon
23
General Motors
GM
$75.7B
$3.73M 0.1%
50,000
+10,000
+25% +$795K
UAL icon
24
United Airlines
UAL
$35.9B
$3.68M 0.1%
+40,000
New +$4.19M
NOW icon
25
ServiceNow
NOW
$150B
$3.66M 0.1%
+35,000
New +$4.12M
1
2 3 4

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EFM
E Fund Management Guangzhou, China $4.46B AUM
MAM
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HCM
Hamlin Capital Management New York $4.45B AUM 22.95% 1-Year Est. Return
WSFS
Wilmington Savings Fund Society Wilmington, Delaware $4.48B AUM 24.77% 1-Year Est. Return
AP
Americana Partners Houston, Texas $4.44B AUM 29.45% 1-Year Est. Return
WA
WestEnd Advisors Charlotte, North Carolina $4.49B AUM 19.44% 1-Year Est. Return
BP
BC Partners New York $4.43B AUM 49.12% 1-Year Est. Return
AOI
Auto-Owners Insurance Lansing, Michigan $4.43B AUM 30.05% 1-Year Est. Return

Advent Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Advent Capital Management held 237 positions worth $3.63B, down 27% from $4.98B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Advent Capital Management withdrew a net $2.86B in Q1 2026, closing 22 positions and reducing 13 holdings. Its most notable exit was Northrop Grumman, an estimated $3.99M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, down from 99% a quarter earlier, followed by Technology and Industrials.

Against the trend, Advent Capital Management opened a new position in United Airlines worth $3.68M.

  • Advent Capital Management's largest Q1 2026 buy was United Airlines: 40,000 shares worth $3.68M.
  • Advent Capital Management added most to Microchip Technology Inc 7.50% Series A Preferred Stock in Q1 2026, an estimated $14.7M increase.
  • Advent Capital Management's biggest Q1 2026 reduction was Novanta Inc Units, cutting an estimated $17.1M.
  • Advent Capital Management fully exited Northrop Grumman in Q1 2026, selling an estimated $3.99M.
  • Advent Capital Management's ten largest holdings make up 31% of its $3.63B portfolio in Q1 2026.
  • Advent Capital Management opened 31 new positions and closed 22 in Q1 2026.
  • Advent Capital Management's portfolio value fell 27% quarter-over-quarter to $3.63B.

Based on Advent Capital Management's 13F filing for Q1 2026, filed 7 May 2026.