Advent Capital Management is based out of New York. Advent Capital Management is a hedge fund with 494 clients and discretionary assets under management (AUM) of $8,652,292,019 (Form ADV from 2024-11-25). Their last reported 13F filing for Q3 2024 included $4,106,306,004 in managed 13F securities
and a top 10 holdings concentration of 30.73%. Advent Capital Management's largest holding is Bank of America, 7.25% Non-Cumulative Convertible Preferred Stock, Series L with shares held of 197,009. Whalewisdom has at least 98 13F filings, 1 13D filings, and 13 Form 4 filings
Business Description
The advisory business focuses on placing client interests above their own, dealing fairly and equitably with clients, and avoiding or mitigating conflicts of interest. They adhere to client investment guidelines, restrictions, and risk constraints, and allocate investment advisory recommendations and aggregated orders for multiple clients in a fair and equitable manner.
Advent and its employees have developed relationships with various third parties, known as Business Associates. These associates may introduce investment opportunities, arrange financing, introduce potential acquisition or merger candidates, facilitate the disposition of Portfolio Company securities, and provide investment banking, consulting, or advisory services to Advent, Clients, Portfolio Companies, and potential Portfolio Companies.
Investment Strategy
Advent investment strategies are designed for long-term investors and should not be considered a complete investment program. Prospective clients should carefully consider their investment objectives, other investments, and personal situation before investing. They should also consider factors such as net worth, income, age, risk tolerance, and liquidity needs.
Advent investment strategies are subject to investment risk, including the possible loss of the entire principal amount invested. The value of securities owned by a client may fluctuate, sometimes rapidly. Advent allocates investment advisory recommendations and aggregated orders for multiple clients based on relevant facts and circumstances, ensuring fairness and equity. Orders are placed based on suitability and consistency with applicable law, and aggregated orders are only executed when they meet specific conditions, including best execution for each participating client and consistency with client agreements.
Owners
- MAITLAND, TRACY, VINCENT - MANAGING MEMBER/CHIEF EXECUTIVE OFFICER
- BENIN HOLDINGS, LLC - MEMBER
- ELLWOOD, STEPHEN, COMER - GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
- WHITE, ROBERT, JOHN - CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER
- ACM MANAGEMENT HOLDINGS, LP - HOLDING COMPANY Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| DEBT-CENT CENTERPOINT ENERGY I (PRN) | 2.28% |
| DEBT-AKAM AKAMAI TECHNOLOGIES (PRN) | 2.22% |
| AWH-BND AMERICAN WATER CAPIT (PRN) | 1.36% |
| HPE+C Hewlett Packard Ente | 1.25% |
| IWM iShares Russell 2000 (PUT) | 1.25% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| DEBT-SHIF SHIFT4 PMTS INC NOTE (PRN) | 1.7% |
| DEBT-ZILL ZILLOW GROUP INC NOT (PRN) | 1.54% |
| DEBT-DUKE DUKE ENERGY CORP NEW (PRN) | 1.29% |
| DEBT-ON S ON SEMICONDUCTOR COR (PRN) | 1.01% |
| DEBT-SOUT SOUTHERN CO NOTE 3.8 (PRN) | 0.87% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| BACPRL Bank of America, 7.2 | 6.12% |
| WFCPRL Wells Fargo & Co. 7. | 5.66% |
| DEBT-DEXC DEXCOM INC NOTE 0.37(PRN) | 2.94% |
| APO+A Apollo Global Manage | 2.41% |
| DEBT-FORD FORD MTR CO DEL NOTE(PRN) | 2.35% |
All or part of ADVENT CAPITAL MANAGEMENT 13F disclosures were filed
under a combined 13F through
RUSSELL INVESTMENTS GROUP, LTD.
for 2024-09-30
for 2024-09-30
2024-09-30
13F Activity
| Market Value | $4.11b, Prior: $4.17b |
| Inflows (Outflows) as % of Total MV | (-4.0546)% |
| New Purchases | 77 stocks |
| Added To | 47 stocks |
| Sold out of | 50 stocks |
| Reduced holdings in | 81 stocks |
| Top 10 Holdings % | 30.73% |
| Turnover %[1] | 46.35% |
| Turnover Alt %[2] | 23.99% |
| Time Held Top 20 | 2.1 quarters |
| Time Held Top 10 | 1.6 quarters |
| Time Held All | 4.39 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.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30