ADVENT CAPITAL MANAGEMENT /DE/ Q3 2025 Filing
Filed November 13, 2025
Portfolio Value
$4.6T
Holdings
219
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (219 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BAC 7.25 PERP LBANK OF AMERICA CORP | 176,506 | $223.3B | 4.87% | |
| 2 | WFC 7.5 PERP LWELLS FARGO & COMPANY | 175,046 | $215.8B | 4.70% | |
| 3 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 125,451,000 | $184.7B | 4.03% | |
| 4 | VTR 3.75 06/01/26VENTAS REALTY LP | 102,867,000 | $133.1B | 2.90% | |
| 5 | GPN 1.5 03/01/31GLOBAL PAYMENTS INC | 140,503,000 | $128.9B | 2.81% | |
| 6 | MTH 1.75 05/15/28MERITAGE HOMES CORP | 111,695,000 | $114.9B | 2.50% | |
| 7 | NEE 7.299 06/01/27NEXTERA ENERGY INC | 2,119,534 | $105.4B | 2.30% | |
| 8 | SPYSPDR S&P 500 ETF Trust | 158,000 | $105.3B | 2.29% | Put |
| 9 | DUK 4.125 04/15/26DUKE ENERGY CORP | 93,911,000 | $100.9B | 2.20% | |
| 10 | APO 6.75 07/31/26APOLLO GLOBAL MANAGEMENT | 1,320,670 | $92.4B | 2.01% | |
| 11 | KKR 6.25 03/01/28 DKKR & CO INC | 1,771,241 | $92.1B | 2.01% | |
| 12 | PPL 2.875 03/15/28PPL CAPITAL FUNDING INC | 77,086,000 | $88.1B | 1.92% | |
| 13 | CMS 3.375 05/01/28CMS ENERGY CORP | 77,733,000 | $85.3B | 1.86% | |
| 14 | NEENEXTERA ENERGY CAPITAL | 58,205,000 | $68.9B | 1.50% | |
| 15 | EXPE 0 02/15/26EXPEDIA GROUP INC | 66,705,000 | $67.3B | 1.47% | |
| 16 | PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP | 64,630,000 | $65.2B | 1.42% | |
| 17 | DKNG 0 03/15/28DRAFTKINGS HOLDINGS INC | 66,630,000 | $60.0B | 1.31% | |
| 18 | FOUR 0.5 08/01/27SHIFT4 PAYMENTS INC | 60,160,000 | $59.4B | 1.29% | |
| 19 | CNP 4.25 08/15/26CENTERPOINT ENERGY INC | 52,075,000 | $57.9B | 1.26% | |
| 20 | BA 6 10/15/27BOEING CO/THE | 819,770 | $56.4B | 1.23% | |
| 21 | BOX 1.5 09/15/29BOX INC | 54,865,000 | $55.3B | 1.20% | |
| 22 | LNTH 2.625 12/15/27LANTHEUS HOLDINGS INC | 52,317,000 | $55.2B | 1.20% | |
| 23 | TTEK 2.25 08/15/28TETRA TECH INC | 44,874,000 | $48.6B | 1.06% | |
| 24 | SO 4.5 06/15/27SOUTHERN CO | 43,579,000 | $48.5B | 1.06% | |
| 25 | FIVN 1 03/15/29FIVE9 INC | 50,345,000 | $44.7B | 0.97% | |
| 26 | PCG 4.25 12/01/27PG&E CORP | 44,036,000 | $44.6B | 0.97% | |
| 27 | ARES 6.75 10/01/27 BARES MANAGEMENT CORP | 837,300 | $41.9B | 0.91% | |
| 28 | VAC 3.25 12/15/27MARRIOTT VACATION WORLDW | 42,987,000 | $41.1B | 0.90% | |
| 29 | WK 1.25 08/15/28WORKIVA INC | 41,072,000 | $40.6B | 0.89% | |
| 30 | TYL 0.25 03/15/26TYLER TECHNOLOGIES INC | 36,753,000 | $40.4B | 0.88% | |
| 31 | PSN 2.625 03/01/29PARSONS CORP | 35,335,000 | $40.4B | 0.88% | |
| 32 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 42,466,000 | $39.9B | 0.87% | |
| 33 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 35,554,000 | $39.6B | 0.86% | |
| 34 | ABNB 0 03/15/26AIRBNB INC | 40,318,000 | $39.5B | 0.86% | |
| 35 | QTWO 0.75 06/01/26Q2 HOLDINGS INC | 37,913,000 | $39.4B | 0.86% | |
| 36 | PENN 2.75 05/15/26PENN ENTERTAINMENT INC | 37,846,000 | $39.2B | 0.85% | |
| 37 | CFLT 0 01/15/27CONFLUENT INC | 41,107,000 | $38.8B | 0.85% | |
| 38 | SNOW 0 10/01/29SNOWFLAKE INC | 24,532,000 | $38.5B | 0.84% | |
| 39 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC | 35,806,000 | $36.6B | 0.80% | |
| 40 | SNAP 0.5 05/01/30SNAP INC | 41,661,000 | $35.8B | 0.78% | |
| 41 | BABA 0.5 06/01/31ALIBABA GROUP HOLDING | 19,467,000 | $35.8B | 0.78% | |
| 42 | RIVN 3.625 10/15/30RIVIAN AUTO INC | 38,682,000 | $35.7B | 0.78% | |
| 43 | DXCM 0.375 05/15/28DEXCOM INC | 38,026,000 | $34.7B | 0.76% | |
| 44 | ON 0.5 03/01/29ON SEMICONDUCTOR CORP | 36,189,000 | $33.5B | 0.73% | |
| 45 | MCHP 7.5 03/15/28MICROCHIP TECHNOLOGY INC | 549,710 | $32.4B | 0.71% | |
| 46 | UPWK 0.25 08/15/26UPWORK INC | 32,174,000 | $31.2B | 0.68% | |
| 47 | VERX 0.75 05/01/29VERTEX INC | 30,556,000 | $31.2B | 0.68% | |
| 48 | BRKR 6.375 09/01/28BRUKER CORP | 112,520 | $30.6B | 0.67% | |
| 49 | ITRI 0 03/15/26ITRON INC | 28,553,000 | $30.2B | 0.66% | |
| 50 | PMT 8.5 06/01/29PENNYMAC CORP | 28,548,000 | $29.5B | 0.64% | |
| 51 | NOG 3.625 04/15/29NORTHERN OIL & GAS INC | 29,298,000 | $29.5B | 0.64% | |
| 52 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY | 31,888,000 | $29.1B | 0.63% | |
| 53 | RGEN 1 12/15/28REPLIGEN CORP | 28,133,000 | $28.4B | 0.62% | |
| 54 | F 0 03/15/26FORD MOTOR COMPANY | 27,488,000 | $27.9B | 0.61% | |
| 55 | HAE 2.5 06/01/29HAEMONETICS CORP | 29,423,000 | $27.3B | 0.59% | |
| 56 | XYZ 0.25 11/01/27BLOCK INC | 29,674,000 | $27.1B | 0.59% | |
| 57 | ACVTAdvent Convertible Bond ETF | 990,000 | $26.6B | 0.58% | |
| 58 | FOUR 6 05/01/28SHIFT4 PAYMENTS INC | 284,030 | $26.5B | 0.58% | |
| 59 | BSY 0.125 01/15/26BENTLEY SYSTEMS INC | 26,021,000 | $25.7B | 0.56% | |
| 60 | SHAK 0 03/01/28SHAKE SHACK INC | 26,357,000 | $25.1B | 0.55% | |
| 61 | ETSY 0.125 09/01/27ETSY INC | 26,781,000 | $24.7B | 0.54% | |
| 62 | WEC 4.375 06/01/29WEC ENERGY GROUP INC | 19,948,000 | $24.5B | 0.53% | |
| 63 | EVH 3.5 12/01/29EVOLENT HEALTH INC | 30,062,000 | $24.2B | 0.53% | |
| 64 | TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC | 20,182,000 | $22.9B | 0.50% | |
| 65 | TCOM 0.75 06/15/29TRIP.COM GROUP LTD | 17,409,000 | $22.3B | 0.49% | |
| 66 | JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD | 18,532,000 | $22.0B | 0.48% | |
| 67 | ENPH 0 03/01/28ENPHASE ENERGY INC | 25,263,000 | $21.9B | 0.48% | |
| 68 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 23,197,000 | $21.8B | 0.47% | |
| 69 | ENOV 3.875 10/15/28ENOVIS CORP | 21,906,000 | $21.6B | 0.47% | |
| 70 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 21,691,000 | $21.4B | 0.47% | |
| 71 | WGO 3.25 01/15/30WINNEBAGO INDUSTRIES | 23,407,000 | $21.0B | 0.46% | |
| 72 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 17,886,000 | $19.1B | 0.42% | |
| 73 | UBER 0 12/15/25UBER TECHNOLOGIES INC | 15,340,000 | $18.7B | 0.41% | |
| 74 | HPE 7.625 09/01/27HP ENTERPRISE CO | 270,147 | $18.3B | 0.40% | |
| 75 | FLR 1.125 08/15/29FLUOR CORP | 15,374,000 | $18.3B | 0.40% | |
| 76 | PCG 6 12/01/27 APG&E CORP | 437,794 | $17.2B | 0.37% | |
| 77 | SHOPCN 0.125 11/01/25SHOPIFY INC | 16,204,000 | $17.1B | 0.37% | |
| 78 | ALRM 2.25 06/01/29ALARM.COM HLDGS INC | 17,578,000 | $16.9B | 0.37% | |
| 79 | AVAV 0 07/15/30AEROVIRONMENT INC | 12,625,000 | $15.7B | 0.34% | |
| 80 | TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC | 17,302,000 | $15.2B | 0.33% | |
| 81 | NEO 0.25 01/15/28NEOGENOMICS INC | 17,401,000 | $15.1B | 0.33% | |
| 82 | CSWC 5.125 11/15/29CAPITAL SOUTHWEST CORP | 15,086,000 | $14.9B | 0.33% | |
| 83 | ARRY 1 12/01/28ARRAY TECHNOLOGIES INC | 16,844,000 | $14.6B | 0.32% | |
| 84 | EVH 4.5 08/15/31EVOLENT HEALTH INC | 14,361,000 | $14.4B | 0.31% | |
| 85 | MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC | 14,800,000 | $14.4B | 0.31% | |
| 86 | ON 0 05/01/27ON SEMICONDUCTOR CORP | 11,697,000 | $13.3B | 0.29% | |
| 87 | PD 1.5 10/15/28 *PAGERDUTY INC. | 13,453,000 | $13.2B | 0.29% | |
| 88 | IONS 1.75 06/15/28IONIS PHARMACEUTICALS IN | 9,250,000 | $12.8B | 0.28% | |
| 89 | WK 1.125 08/15/26WORKIVA INC | 10,743,000 | $12.8B | 0.28% | |
| 90 | TXNM 5.75 06/01/54TXNM ENERGY INC | 9,634,000 | $12.6B | 0.27% | |
| 91 | LNT 3.875 03/15/26ALLIANT ENERGY CORP | 11,380,000 | $12.3B | 0.27% | |
| 92 | HALO 1 08/15/28HALOZYME THERAPEUTICS IN | 8,395,000 | $11.8B | 0.26% | |
| 93 | SEI 4.75 05/01/30SOLARIS ENERGY INFRASTRU | 6,580,000 | $11.8B | 0.26% | |
| 94 | CABO 0 03/15/26CABLE ONE INC | 11,925,000 | $11.6B | 0.25% | |
| 95 | SSRMCN 2.5 04/01/39SSR MINING INC | 8,058,000 | $11.4B | 0.25% | |
| 96 | JD 0.25 06/01/29JD.COM INC | 9,815,000 | $10.6B | 0.23% | |
| 97 | NMFC 7.5 10/15/25NEW MOUNTAIN FINANCE COR | 10,547,000 | $10.6B | 0.23% | |
| 98 | AWK 3.625 06/15/26AMERICAN WATER CAPITAL C | 10,425,000 | $10.5B | 0.23% | |
| 99 | NCLH 1.125 02/15/27NCL CORPORATION LTD | 10,034,000 | $10.3B | 0.22% | |
| 100 | FRPT 3 04/01/28FRESHPET INC | 8,664,000 | $9.8B | 0.21% |
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