ADVENT CAPITAL MANAGEMENT /DE/

CIK: 0001097278Latest portfolio: $5.0B · Q4 2025

Holdings

224

Total Value

$5.0B

New Positions

Closed Positions

Top Holdings

View All 224 Holdings →

#	Stock	Shares	Value	% Portfolio	Change	Type
1	SPYSPDR S&P 500 ETF Trust	860,000	$586.5M	11.78%	NEW	Call
2	BAC 7.25 PERP LBANK OF AMERICA CORP	157,311	$197.0M	3.96%	-19,195
3	WFC 7.5 PERP LWELLS FARGO & COMPANY	157,600	$191.8M	3.85%	-17,446
4	UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC	142,238,000	$184.9M	3.72%	+16.8M
5	GPN 1.5 03/01/31GLOBAL PAYMENTS INC	119,816,000	$108.4M	2.18%	-20,687,000
6	VTR 3.75 06/01/26VENTAS REALTY LP	73,569,000	$104.3M	2.10%	-29,298,000
7	MTH 1.75 05/15/28MERITAGE HOMES CORP	105,126,000	$104.2M	2.09%	-6,569,000
8	KKR 6.25 03/01/28 DKKR & CO INC	1,997,547	$103.7M	2.08%	+226K
9	NEE 7.299 06/01/27NEXTERA ENERGY INC	1,988,322	$102.7M	2.06%	-131,212
10	APO 6.75 07/31/26APOLLO GLOBAL MANAGEMENT	1,277,582	$96.4M	1.94%	-43,088
11	CMS 3.375 05/01/28CMS ENERGY CORP	87,479,000	$94.3M	1.89%	+9.7M
12	NEENEXTERA ENERGY CAPITAL	65,080,000	$81.6M	1.64%	+6.9M
13	TYL 0.25 03/15/26TYLER TECHNOLOGIES INC	78,180,000	$79.3M	1.59%	+41.4M
14	PPL 2.875 03/15/28PPL CAPITAL FUNDING INC	67,596,000	$74.8M	1.50%	-9,490,000
15	DUK 4.125 04/15/26DUKE ENERGY CORP	71,579,000	$74.4M	1.50%	-22,332,000
16	LYV 2.875 01/15/30LIVE NATION ENTERTAINMEN	65,401,000	$69.7M	1.40%	NEW
17	CNP 4.25 08/15/26CENTERPOINT ENERGY INC	58,536,000	$65.1M	1.31%	+6.5M
18	BA 6 10/15/27BOEING CO/THE	849,161	$59.0M	1.19%	+29K
19	SO 4.5 06/15/27SOUTHERN CO	53,292,000	$57.1M	1.15%	+9.7M
20	LNTH 2.625 12/15/27LANTHEUS HOLDINGS INC	46,122,000	$53.0M	1.07%	-6,195,000
21	AFRM 0.75 12/15/29AFFIRM HOLDINGS INC	45,578,000	$50.6M	1.02%	NEW
22	TTEK 2.25 08/15/28TETRA TECH INC	43,876,000	$48.1M	0.97%	-998,000
23	BOX 1.5 09/15/29BOX INC	48,301,000	$47.3M	0.95%	-6,564,000
24	ARES 6.75 10/01/27 BARES MANAGEMENT CORP	920,473	$46.5M	0.93%	+83K
25	SO 7.125 12/15/28 ASOUTHERN CO	916,989	$45.6M	0.92%	NEW

Quarterly Changes

New Positions

SPYNEW
$586.5M
LYV 2.875 01/15/30NEW
$69.7M
AFRM 0.75 12/15/29NEW
$50.6M
SO 7.125 12/15/28 ANEW
$45.6M
DDOG 0 12/01/29NEW
$37.5M
NOVT 6.5 11/01/28NEW
$31.7M
CSCONEW
$30.8M
BL 1 06/01/29NEW
$27.1M
BILL 0 04/01/30NEW
$24.1M
VRNS 1 09/15/29NEW
$19.9M

Closed Positions

SPYCLOSED
$105.3B
ABNB 0 03/15/26CLOSED
$39.5B
UBER 0 12/15/25CLOSED
$18.7B
SHOPCN 0.125 11/01/25CLOSED
$17.1B
ALRM 2.25 06/01/29CLOSED
$16.9B
MCHP 0.75 06/01/30CLOSED
$14.4B
PD 1.5 10/15/28 *CLOSED
$13.2B
CABO 0 03/15/26CLOSED
$11.6B
NMFC 7.5 10/15/25CLOSED
$10.6B
AWK 3.625 06/15/26CLOSED
$10.5B

Increased Positions

Name	Shares	Change
TYL 0.25 03/15/26	78.2M	+41.4M
NTNX 0.25 10/01/27	40.5M	+40.3M
ON 0 05/01/27	28.7M	+17.0M
UBER 0.875 12/01/28 2028	142.2M	+16.8M
CMS 3.375 05/01/28	87.5M	+9.7M
SO 4.5 06/15/27	53.3M	+9.7M
SMCI 3.5 03/01/29	45.1M	+9.3M
WEC 4.375 06/01/29	28.8M	+8.8M
AVAV 0 07/15/30	19.8M	+7.2M
NEE	65.1M	+6.9M

Decreased Positions

Name	Shares	Change
EXPE 0 02/15/26	23.1M	-43637000
CFLT 0 01/15/27	285K	-40822000
FOUR 0.5 08/01/27	25.9M	-34216000
FIVN 1 03/15/29	27.7M	-22604000
DUK 4.125 04/15/26	71.6M	-22332000
PRGS 3.5 03/01/30	43.7M	-20924000
GPN 1.5 03/01/31	119.8M	-20687000
COIN 0.5 06/01/26	17.0M	-18585000
DKNG 0 03/15/28	49.0M	-17593000
DXCM 0.375 05/15/28	22.3M	-15705000

Sector Breakdown

UnknownNaN% ($InfinityT)

Financial Services0.0% ($58645126501292212224.0T)

Technology0.0% ($30812487234902769664.0T)

Consumer Cyclical0.0% ($688266963252305536.0T)

Healthcare0.0% ($518234272860.7T)

Industrials0.0% ($414.0T)

Real Estate0.0% ($701.1M)

Utilities0.0% ($81.6M)

Communication Services0.0% ($495K)

Filing History

Quarter	Filing Date	Portfolio Value	Holdings
Q4 2025	Feb 9, 2026	$5.0B	228
Q3 2025	Nov 13, 2025	$4.6T	227
Q2 2025	Aug 13, 2025	$4.7T	0
Q1 2025	May 12, 2025	$4.6T	214
Q4 2024	Feb 13, 2025	$4.3T	209
Q3 2024	Nov 13, 2024	$4106.3T	227
Q2 2024	Aug 13, 2024	$4165.0T	198
Q1 2024	May 14, 2024	$3934.3T	187
Q4 2023	Feb 13, 2024	$4359.6T	184
Q3 2023	Nov 13, 2023	$4299.5T	201
Q2 2023	Aug 11, 2023	$5168.2T	231
Q1 2023	May 12, 2023	$5286.9T	220
Q4 2022	Feb 14, 2023	$5763.7T	253
Q3 2022	Nov 14, 2022	$5.5T	236
Q2 2022	Aug 15, 2022	$5.7T	250
Q1 2022	May 13, 2022	$6.3T	276
Q4 2021	Feb 14, 2022	$5.9T	288
Q3 2021	Nov 15, 2021	$5.4T	271
Q2 2021	Aug 16, 2021	$5.1T	262
Q1 2021	May 17, 2021	$4.6T	254
Q4 2020	Feb 16, 2021	$4.7T	200
Q3 2020	Nov 16, 2020	$4.5T	175
Q2 2020	Aug 14, 2020	$4.3T	174
Q1 2020	May 15, 2020	$4.6T	200
Q4 2019	Feb 14, 2020	$5.2T	215
Q3 2019	Nov 14, 2019	$5.3T	216
Q2 2019	Aug 14, 2019	$5.2T	203
Q1 2019	May 15, 2019	$4.5T	218
Q4 2018	Feb 14, 2019	$4.1T	252
Q3 2018	Nov 14, 2018	$4.9T	331
Q2 2018	Aug 14, 2018	$4.8T	289
Q1 2018	May 11, 2018	$5.1T	274
Q4 2017	Feb 13, 2018	$5.2T	265
Q3 2017	Nov 14, 2017	$5.3T	297
Q2 2017	Aug 9, 2017	$5.2T	310
Q1 2017	May 5, 2017	$5.3T	267
Q4 2016	Feb 13, 2017	$5.4T	320
Q3 2016	Nov 22, 2016	$6.9T	512
Q2 2016	Aug 5, 2016	$6.5T	494
Q1 2016	May 13, 2016	$6.5T	466

Fund Information

CIK0001097278

Most Recent FilingFeb 9, 2026

Number of Filings40

View on SEC EDGAR →

ADVENT CAPITAL MANAGEMENT /DE/ is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $5.0B across 224 holdings. The largest position is SPDR S&P 500 ETF Trust (SPY), representing 11.8% of the portfolio. Compared to the previous quarter, the fund opened 61 new positions and closed 56 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.