Camden Asset Management Portfolio holdings

Camden Asset Management's Q1 2019 Portfolio in Review

As of Q1 2019, Camden Asset Management held 99 positions worth $3.35B, down 6.7% from $3.59B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Camden Asset Management withdrew a net $1.76B in Q1 2019, closing 3 positions and reducing 11 holdings. Its most notable exit was Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value, an estimated $28.7M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 0.76% of assets, up from 0.18% a quarter earlier, followed by Technology.

Against the trend, Camden Asset Management opened a new position in American Electric Power Company, Inc. Corporate Unit worth $77M.

• Camden Asset Management's largest Q1 2019 buy was American Electric Power Company, Inc. Corporate Unit: 1,494,600 shares worth $77M.
• Camden Asset Management added most to International Flavors & Fragrances Inc. 6.00% Tangible Equity Units in Q1 2019, an estimated $28.3M increase.
• Camden Asset Management's biggest Q1 2019 reduction was Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $92.5M.
• Camden Asset Management fully exited Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in Q1 2019, selling an estimated $28.7M.
• Camden Asset Management's ten largest holdings make up 47% of its $3.35B portfolio in Q1 2019.
• Camden Asset Management opened 7 new positions and closed 3 in Q1 2019.
• Camden Asset Management's portfolio value fell 6.7% quarter-over-quarter to $3.35B.

Based on Camden Asset Management's 13F filing for Q1 2019, filed 13 May 2019.