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ADVENT CAPITAL MANAGEMENT

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NEW YORK NY Investment Advisor Hedge Fund
13F Summary
Advent Capital Management is based out of New York. Advent Capital Management is a hedge fund with 573 clients and discretionary assets under management (AUM) of $8,794,424,202 (Form ADV from 2023-06-12). Their last reported 13F filing for Q4 2023 included $4,359,614,471 in managed 13F securities and a top 10 holdings concentration of 27.21%. Advent Capital Management's largest holding is Wells Fargo & Co. 7.50% Non-Cumulative Perpetual Convertible Class A Preferred with shares held of 193,824. Whalewisdom has at least 95 13F filings, 1 13D filings, and 13 Form 4 filings

2023-12-31

Top Buys (13F)

Name % Change
DEBT-AMER AMERICAN AIRLS GROUP (PRN) 1.75%
DEBT-MARR MARRIOTT VACATIONS W (PRN) 1.38%
DEBT-ARRA ARRAY TECHNOLOGIES I (PRN) 1.24%
DEBT-SARE SAREPTA THERAPEUTICS (PRN) 1.19%
DEBT-UBER UBER TECHNOLOGIES IN (PRN) 1.05%

2023-12-31

Top Sells (13F)

Name % Change
DEBT-DISH DISH NETWORK CORPORA (PRN) 1.73%
DEBT-JETB JETBLUE AIRWAYS CORP (PRN) 1.36%
DEBT-SOLA SOLAREDGE TECHNOLOGI (PRN) 1.11%
DEBT-OMNI OMNICELL COM NOTE 0. (PRN) 1%
DEBT-SOUT SOUTHWEST AIRLS CO N (PRN) 0.87%

2023-12-31

13F Holdings Summary

Name $ Change
WFCPRL Wells Fargo & Co. 7. 5.33%
BACPRL Bank of America, 7.2 5.14%
DEBT-SOUT SOUTHWEST AIRLS CO N 2.69%
DEBT-AFFI AFFIRM HLDGS INC NOT 2.29%
DEBT-SARE SAREPTA THERAPEUTICS 2.27%

2023-12-31

13F Activity

Market Value $4.36b, Prior: $4.30b
New Purchases 42 stocks
Added To 49 stocks
Sold out of 58 stocks
Reduced holdings in 85 stocks
Top 10 Holdings % 27.21%
Turnover %[1] 54.64%
Turnover Alt %[2] 20.78%
Time Held Top 20 3.15 quarters
Time Held Top 10 3.5 quarters
Time Held All 5.87 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2023-12-31

13F Sector Allocation Over Time

2023-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2023-12-31

Portfolio Performance