Advent Capital Management de/ 13F annual report
Advent Capital Management de/ is an investment fund managing more than $705 billion ran by Paul Latronica. There are currently 31 companies in Mr. Latronica’s portfolio. The largest investments include Bank Of America and Wells Fargo, together worth $434 billion.
$705 billion Assets Under Management (AUM)
As of 6th August 2024, Advent Capital Management de/’s top holding is 181,932 shares of Bank Of America currently worth over $222 billion and making up 31.4% of the portfolio value.
Relative to the number of outstanding shares of Bank Of America, Advent Capital Management de/ owns more than approximately 0.1% of the company.
In addition, the fund holds 175,720 shares of Wells Fargo worth $212 billion, whose value fell 2.7% in the past six months.
The third-largest holding is Apollo Global Management Inc worth $77.3 billion and the next is NextEra Inc worth $74.8 billion, with 1,760,847 shares owned.
Currently, Advent Capital Management de/'s portfolio is worth at least $705 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Advent Capital Management de/
The Advent Capital Management de/ office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Paul Latronica serves as the Managing Director and Portfolio Manager at Advent Capital Management de/.
Recent trades
In the most recent 13F filing, Advent Capital Management de/ revealed that it had opened a new position in
Albemarle and bought 547,863 shares worth $24.5 billion.
This means they effectively own approximately 0.1% of the company.
Albemarle makes up
100.0%
of the fund's Materials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Bank Of America by buying
153 additional shares.
This makes their stake in Bank Of America total 181,932 shares worth $222 billion.
Bank Of America dropped approximately 0.1% in the past year.
On the other hand, there are companies that Advent Capital Management de/ is getting rid of from its portfolio.
Advent Capital Management de/ closed its position in United Parcel Service on 13th August 2024.
It sold the previously owned 30,000 shares for $4.46 billion.
Paul Latronica also disclosed a decreased stake in Wells Fargo by approximately 0.1%.
This leaves the value of the investment at $212 billion and 175,720 shares.
One of the average hedge funds
The two most similar investment funds to Advent Capital Management de/ are Thrive Capital Management and Madison Avenue Partners, L.P.. They manage $705 billion and $705 billion respectively.
Paul Latronica investment strategy
Advent Capital Management de/’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Finance — making up 72.5% of
the total portfolio value.
The fund focuses on investments in the United States as
74.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
68% of the total holdings value.
On the other hand, small-cap stocks make up only 3.2% of the portfolio.
The average market cap of the portfolio companies is close to $228 billion.
The complete list of Advent Capital Management de/ trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Bank Of America Corp. |
0.08%
181,932
|
$221,596,369,000 | 31.44% |
| Wells Fargo & Company |
4.89%
175,720
|
$212,154,988,000 | 30.10% |
| Apollo Global Management Inc |
2.42%
1,123,091
|
$77,254,291,000 | 10.96% |
| NextEra Energy Inc |
19.40%
1,760,847
|
$74,817,897,000 | 10.62% |
| Albemarle Corp. |
Opened
547,863
|
$24,501,378,000 | 3.48% |
| Chart Industries Inc |
25.32%
412,708
|
$20,694,700,000 | 2.94% |
| NextEra Energy Inc |
Opened
180,000
|
$11,863,313,000 | 1.68% |
| Brightspring Health Serv |
Opened
129,390
|
$6,164,559,000 | 0.87% |
| Zoetis Inc |
50.00%
30,000
|
$5,200,800,000 | 0.74% |
| Abbvie Inc |
50.00%
30,000
|
$5,145,600,000 | 0.73% |
| Home Depot Inc/the |
Opened
14,000
|
$4,819,360,000 | 0.68% |
| United Parcel Service, Inc. |
Closed
30,000
|
$4,458,900,000 | |
| Amazon.com Inc. |
471.43%
20,000
|
$3,865,000,000 | 0.55% |
| Alphabet Inc |
33.33%
20,000
|
$3,668,400,000 | 0.52% |
| MongoDB Inc |
Closed
10,000
|
$3,586,400,000 | |
| Schlumberger Ltd. |
Closed
65,000
|
$3,562,650,000 | |
| Enphase Energy Inc |
40.00%
35,000
|
$3,489,850,000 | 0.50% |
| Salesforce Inc |
Closed
10,000
|
$3,011,800,000 | |
| JPMorgan Chase & Co. |
Closed
15,000
|
$3,004,500,000 | |
| MGM Resorts International |
13.33%
65,000
|
$2,888,600,000 | 0.41% |
| AMGEN Inc. |
Closed
10,000
|
$2,843,200,000 | |
| DuPont de Nemours Inc |
Closed
35,000
|
$2,683,450,000 | |
| Organon & Co |
No change
125,000
|
$2,587,500,000 | 0.37% |
| Expedia Group Inc |
Opened
20,000
|
$2,519,800,000 | 0.36% |
| Disney Walt Co |
Closed
20,000
|
$2,447,200,000 | |
| Advanced Micro Devices Inc. |
Opened
15,000
|
$2,433,150,000 | 0.35% |
| LGI Homes Inc |
Closed
20,000
|
$2,327,400,000 | |
| Apple Inc |
Opened
11,000
|
$2,316,820,000 | 0.33% |
| Verizon Communications Inc |
Opened
55,000
|
$2,268,200,000 | 0.32% |
| Take-two Interactive Softwar |
Closed
15,000
|
$2,227,350,000 | |
| Zscaler Inc |
Closed
11,490
|
$2,213,319,000 | |
| Chevron Corp. |
Opened
14,000
|
$2,189,880,000 | 0.31% |
| Chubb Ltd |
No change
8,000
|
$2,040,640,000 | 0.29% |
| NextEra Energy Inc |
Closed
30,000
|
$1,917,300,000 | |
| General Electric Co |
Opened
12,000
|
$1,907,640,000 | 0.27% |
| Ibm |
33.33%
10,000
|
$1,729,500,000 | 0.25% |
| Sarepta Therapeutics Inc |
50.00%
10,000
|
$1,580,000,000 | 0.22% |
| Copa Holdings Sa |
Closed
15,000
|
$1,562,400,000 | |
| Micron Technology Inc. |
No change
10,000
|
$1,315,300,000 | 0.19% |
| Block Inc |
9.09%
20,000
|
$1,289,800,000 | 0.18% |
| NVIDIA Corp |
Opened
10,000
|
$1,235,400,000 | 0.18% |
| Algonquin Pwr Utils Corp |
Closed
55,000
|
$1,216,600,000 | |
| Chefs Whse Inc |
Closed
30,000
|
$1,129,800,000 | |
| Carnival Corp. |
Opened
48,600
|
$909,792,000 | 0.13% |
| Bank America Corp |
Closed
20,000
|
$758,400,000 | |
| Mirum Pharmaceuticals Inc |
Closed
12,500
|
$314,000,000 | |
| Imax Corp |
Opened
14,679
|
$246,167,000 | 0.03% |
| Pennymac Mortgage Investment T |
Opened
9,120
|
$125,400,000 | 0.02% |
| Affirm Holdings, Inc. |
Closed
2,600
|
$96,876,000 | |
| Eventbrite Inc |
Closed
9,000
|
$49,320,000 | |
| No transactions found | |||
| Showing first 500 out of 50 holdings | |||
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