ADVENT CAPITAL MANAGEMENT /DE/ Q3 2021 Filing

Filed November 15, 2021

Portfolio Value

$5.4B

Holdings

268

Report Date

Q3 2021

Filing Type

13F-HR

All Holdings (268 positions)

#	Stock	Shares	Value	% Portfolio
1	LUV 1.25 05/01/25SOUTHWEST AIRLINES CO	107,298,000	$160.4M	2.97%
2	PXD 0.25 05/15/25PIONEER NATURAL RESOURCE	92,897,000	$149.9M	2.77%
3	DISH 3.375 08/15/26DISH NETWORK CORP	132,234,000	$137.8M	2.55%
4	BKNG 0.75 05/01/25BOOKING HOLDINGS INC	90,360,000	$133.1M	2.46%
5	RNG 0 03/01/25RINGCENTRAL INC	114,128,000	$113.1M	2.09%
6	PANW 0.375 06/01/25PALO ALTO NETWORKS	68,015,000	$112.8M	2.09%
7	EEFT 0.75 03/15/49EURONET WORLDWIDE INC	95,361,000	$106.1M	1.96%
8	WDC 1.5 02/01/24WESTERN DIGITAL CORP	91,021,000	$92.3M	1.71%
9	PEB 1.75 12/15/26PEBBLEBROOK HOTEL TRUST	80,372,000	$90.0M	1.67%
10	W 0.625 10/01/25WAYFAIR INC	87,285,000	$87.4M	1.62%
11	JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD	72,519,000	$83.7M	1.55%
12	SWK 5.25 11/15/22STANLEY BLACK & DECKER I	790,384	$83.5M	1.54%
13	SPLK 0.5 09/15/23SPLUNK INC	68,058,000	$79.6M	1.47%
14	—WORKDAY INC	43,390,000	$74.4M	1.38%
15	TDOC 1.25 06/01/27TELADOC HEALTH INC	72,599,000	$73.4M	1.36%
16	SAVE 1 05/15/26SPIRIT AIRLINES INC	76,406,000	$72.2M	1.33%
17	BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL	70,371,000	$70.0M	1.29%
18	HLF 2.625 03/15/24HERBALIFE LTD	63,050,000	$64.3M	1.19%
19	SPLK 1.125 06/15/27SPLUNK INC	62,310,000	$62.0M	1.15%
20	GMED 0.375 03/15/25NUVASIVE INC	63,741,000	$61.8M	1.14%
21	AYX 1 08/01/26ALTERYX INC	65,855,000	$60.9M	1.13%
22	NEE 6.219 09/01/23NEXTERA ENERGY INC	1,189,301	$60.9M	1.13%
23	AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC	52,773,000	$57.8M	1.07%
24	RNG 0 03/15/26RINGCENTRAL INC	61,144,000	$57.3M	1.06%
25	LMCA 1.375 10/15/23LIBERTY MEDIA CORP	41,641,000	$56.9M	1.05%
26	ELV 2.75 10/15/42ANTHEM INC	10,522,000	$54.9M	1.02%
27	PSTG 0.125 04/15/23PURE STORAGE INC	47,158,000	$54.6M	1.01%
28	—AMERICAN ELECTRIC POWER	1,094,566	$54.3M	1.01%
29	TREE 0.5 07/15/25LENDINGTREE INC	61,581,000	$52.7M	0.97%
30	NRG 2.75 06/01/48NRG ENERGY INC	45,018,000	$52.7M	0.97%
31	SPLK 1.125 09/15/25SPLUNK INC	42,401,000	$52.0M	0.96%
32	INN 1.5 02/15/26SUMMIT HOTEL PROPERTIES	49,023,000	$51.6M	0.96%
33	—NISOURCE INC	495,500	$51.4M	0.95%
34	BMRN 0.599 08/01/24BIOMARIN PHARMACEUTICAL	49,914,000	$51.3M	0.95%
35	SEALTD 0.25 09/15/26SEA LTD	50,515,000	$51.2M	0.95%
36	RCL 4.25 06/15/23ROYAL CARIBBEAN CRUISES	36,257,000	$51.1M	0.95%
37	—ZYNGA INC	44,431,000	$50.8M	0.94%
38	ILMN 0 08/15/23ILLUMINA INC	43,190,000	$50.5M	0.93%
39	CAKE 0.375 06/15/26CHEESECAKE FACTORY (THE)	49,887,000	$47.7M	0.88%
40	MCHP 0.125 11/15/24MICROCHIP TECHNOLOGY INC	41,902,000	$47.6M	0.88%
41	VSH 2.25 06/15/25VISHAY INTERTECHNOLOGY	45,637,000	$47.2M	0.87%
42	MIDD 1 09/01/25MIDDLEBY CORP	30,579,000	$43.7M	0.81%
43	SNAP 0.25 05/01/25SNAP INC	12,800,000	$43.7M	0.81%
44	EXAS 0.375 03/01/28EXACT SCIENCES CORP	40,265,000	$43.4M	0.80%
45	ARCC 4.625 03/01/24ARES CAPITAL CORP	38,806,000	$43.1M	0.80%
46	CYBR 0 11/15/24CYBERARK SOFTWARE LTD	35,992,000	$42.8M	0.79%
47	—MANDIANT INC	38,449,000	$41.0M	0.76%
48	—TERADYNE INC	11,877,000	$41.0M	0.76%
49	—ZENDESK INC	32,253,000	$41.0M	0.76%
50	—MERITOR INC	36,779,000	$38.9M	0.72%
51	—TWITTER INC	29,470,000	$37.2M	0.69%
52	ATSG 1.125 10/15/24AIR TRANSPORT SERVICES G	34,385,000	$37.1M	0.69%
53	STWD 4.375 04/01/23STARWOOD PROPERTY TRUST	35,118,000	$37.1M	0.69%
54	INVA 2.125 01/15/23INNOVIVA INC	34,364,000	$37.0M	0.69%
55	LITE 0.5 12/15/26LUMENTUM HOLDINGS INC	33,138,000	$36.5M	0.67%
56	—ARES CAPITAL CORP	33,337,000	$35.9M	0.66%
57	NEE 5.279 03/01/23NEXTERA ENERGY INC	698,775	$35.7M	0.66%
58	DXCM 0.25 11/15/25DEXCOM INC	29,505,000	$35.1M	0.65%
59	—INTERDIGITAL INC	32,282,000	$35.0M	0.65%
60	—DOMINION ENERGY INC	353,675	$34.4M	0.64%
61	EXAS 0.375 03/15/27EXACT SCIENCES CORP	30,117,000	$34.2M	0.63%
62	KBR 2.5 11/01/23KBR INC	20,898,000	$33.7M	0.62%
63	BXMT 4.75 03/15/23BLACKSTONE MORTGAGE TR	32,595,000	$33.3M	0.62%
64	IART 0.5 08/15/25INTEGRA LIFESCIENCES HLD	29,997,000	$33.2M	0.61%
65	PRAA 3.5 06/01/23PRA GROUP INC	29,550,000	$32.8M	0.61%
66	—CSG SYSTEMS INTERNATIONA	31,609,000	$32.6M	0.60%
67	—VONAGE HOLDINGS CORP	27,435,000	$32.1M	0.59%
68	—CHENIERE ENERGY INC	37,016,000	$31.5M	0.58%
69	PODD 0.375 09/01/26INSULET CORPORATION	21,752,000	$30.4M	0.56%
70	COUP 0.375 06/15/26COUPA SOFTWARE INC	27,771,000	$30.1M	0.56%
71	—OSI SYSTEMS INC	28,492,000	$29.7M	0.55%
72	ELAN 5 02/01/23ELANCO ANIMAL HEALTH INC	572,988	$28.6M	0.53%
73	—NEW RELIC INC	27,761,000	$28.2M	0.52%
74	VIAV 1 03/01/24VIAVI SOLUTIONS INC	20,836,000	$27.2M	0.50%
75	RWT 4.75 08/15/23REDWOOD TRUST INC	26,158,000	$26.8M	0.50%
76	OKTA 0.375 06/15/26OKTA INC	21,745,000	$26.7M	0.49%
77	ZS 0.125 07/01/25ZSCALER INC.	14,530,000	$26.5M	0.49%
78	SNAP 0.75 08/01/26SNAP INC	7,625,000	$24.9M	0.46%
79	LRN 1.125 09/01/27STRIDE INC	24,975,000	$24.9M	0.46%
80	XYZ 0.125 03/01/25SQUARE INC	12,236,000	$24.8M	0.46%
81	NCLH 5.375 08/01/25NCL CORPORATION LTD	14,490,000	$24.8M	0.46%
82	—SOUTHERN CO	470,313	$24.0M	0.44%
83	Z 2.75 05/15/25ZILLOW GROUP INC	14,551,000	$22.7M	0.42%
84	FIVN 0.5 06/01/25FIVE9 INC	16,250,000	$21.9M	0.40%
85	—DTE ENERGY CO	433,333	$21.6M	0.40%
86	—NEW MOUNTAIN FINANCE COR	20,035,000	$21.3M	0.39%
87	QTWO 0.75 06/01/26Q2 HOLDINGS INC	18,814,000	$21.2M	0.39%
88	PENN 2.75 05/15/26PENN NATIONAL GAMING INC	6,595,000	$21.1M	0.39%
89	MDB 0.25 01/15/26MONGODB INC	8,945,000	$20.5M	0.38%
90	—LENDINGTREE INC	19,284,000	$19.3M	0.36%
91	—TESLA INC	1,544,000	$19.3M	0.36%
92	WOLF 1.75 05/01/26WOLFSPEED INC	10,400,000	$19.2M	0.36%
93	INSM 1.75 01/15/25INSMED INC	18,505,000	$19.2M	0.35%
94	PEGA 0.75 03/01/25PEGASYSTEMS INC	16,877,000	$19.1M	0.35%
95	CHGG 0 09/01/26CHEGG INC	19,336,000	$19.1M	0.35%
96	—FORTIVE CORPORATION	18,951,000	$19.0M	0.35%
97	REAL 3 06/15/25THE REALREAL INC	17,239,000	$19.0M	0.35%
98	RBC 5 10/15/24 ARBC BEARINGS INC	166,000	$18.3M	0.34%
99	TDOC 0.875 06/01/25LIVONGO HEALTH	13,388,000	$17.7M	0.33%
100	TVTX 2.5 09/15/25TRAVERE THERAPEUTICS INC	17,393,000	$17.5M	0.32%

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