ADVENT CAPITAL MANAGEMENT /DE/ Q4 2025 Filing
Filed February 9, 2026
Portfolio Value
$5.0T
Holdings
224
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (224 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF Trust | 860,000 | $586.5B | 11.78% | Call |
| 2 | BAC 7.25 PERP LBANK OF AMERICA CORP | 157,311 | $197.0B | 3.96% | |
| 3 | WFC 7.5 PERP LWELLS FARGO & COMPANY | 157,600 | $191.8B | 3.85% | |
| 4 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 142,238,000 | $184.9B | 3.72% | |
| 5 | GPN 1.5 03/01/31GLOBAL PAYMENTS INC | 119,816,000 | $108.4B | 2.18% | |
| 6 | VTR 3.75 06/01/26VENTAS REALTY LP | 73,569,000 | $104.3B | 2.10% | |
| 7 | MTH 1.75 05/15/28MERITAGE HOMES CORP | 105,126,000 | $104.2B | 2.09% | |
| 8 | KKR 6.25 03/01/28 DKKR & CO INC | 1,997,547 | $103.7B | 2.08% | |
| 9 | NEE 7.299 06/01/27NEXTERA ENERGY INC | 1,988,322 | $102.7B | 2.06% | |
| 10 | APO 6.75 07/31/26APOLLO GLOBAL MANAGEMENT | 1,277,582 | $96.4B | 1.94% | |
| 11 | CMS 3.375 05/01/28CMS ENERGY CORP | 87,479,000 | $94.3B | 1.89% | |
| 12 | NEENEXTERA ENERGY CAPITAL | 65,080,000 | $81.6B | 1.64% | |
| 13 | TYL 0.25 03/15/26TYLER TECHNOLOGIES INC | 78,180,000 | $79.3B | 1.59% | |
| 14 | PPL 2.875 03/15/28PPL CAPITAL FUNDING INC | 67,596,000 | $74.8B | 1.50% | |
| 15 | DUK 4.125 04/15/26DUKE ENERGY CORP | 71,579,000 | $74.4B | 1.50% | |
| 16 | LYV 2.875 01/15/30LIVE NATION ENTERTAINMEN | 65,401,000 | $69.7B | 1.40% | |
| 17 | CNP 4.25 08/15/26CENTERPOINT ENERGY INC | 58,536,000 | $65.1B | 1.31% | |
| 18 | BA 6 10/15/27BOEING CO/THE | 849,161 | $59.0B | 1.19% | |
| 19 | SO 4.5 06/15/27SOUTHERN CO | 53,292,000 | $57.1B | 1.15% | |
| 20 | LNTH 2.625 12/15/27LANTHEUS HOLDINGS INC | 46,122,000 | $53.0B | 1.07% | |
| 21 | AFRM 0.75 12/15/29AFFIRM HOLDINGS INC | 45,578,000 | $50.6B | 1.02% | |
| 22 | TTEK 2.25 08/15/28TETRA TECH INC | 43,876,000 | $48.1B | 0.97% | |
| 23 | BOX 1.5 09/15/29BOX INC | 48,301,000 | $47.3B | 0.95% | |
| 24 | ARES 6.75 10/01/27 BARES MANAGEMENT CORP | 920,473 | $46.5B | 0.93% | |
| 25 | SO 7.125 12/15/28 ASOUTHERN CO | 916,989 | $45.6B | 0.92% | |
| 26 | NTNX 0.25 10/01/27NUTANIX INC | 40,522,000 | $45.6B | 0.92% | |
| 27 | DKNG 0 03/15/28DRAFTKINGS HOLDINGS INC | 49,037,000 | $44.9B | 0.90% | |
| 28 | PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP | 43,706,000 | $44.8B | 0.90% | |
| 29 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC | 45,147,000 | $40.8B | 0.82% | |
| 30 | VAC 3.25 12/15/27MARRIOTT VACATION WORLDW | 42,082,000 | $40.1B | 0.81% | |
| 31 | DDOG 0 12/01/29DATADOG INC | 37,409,000 | $37.5B | 0.75% | |
| 32 | PCG 4.25 12/01/27PG&E CORP | 36,095,000 | $37.3B | 0.75% | |
| 33 | SNOW 0 10/01/29SNOWFLAKE INC | 24,026,000 | $37.2B | 0.75% | |
| 34 | QTWO 0.75 06/01/26Q2 HOLDINGS INC | 34,948,000 | $35.4B | 0.71% | |
| 35 | WK 1.25 08/15/28WORKIVA INC | 35,404,000 | $35.2B | 0.71% | |
| 36 | HPE 7.625 09/01/27HP ENTERPRISE CO | 527,546 | $34.9B | 0.70% | |
| 37 | PSN 2.625 03/01/29PARSONS CORP | 33,316,000 | $34.6B | 0.70% | |
| 38 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 34,451,000 | $34.3B | 0.69% | |
| 39 | ON 0 05/01/27ON SEMICONDUCTOR CORP | 28,682,000 | $34.2B | 0.69% | |
| 40 | WEC 4.375 06/01/29WEC ENERGY GROUP INC | 28,784,000 | $33.8B | 0.68% | |
| 41 | NOVT 6.5 11/01/28NOVANTA INC | 581,990 | $31.7B | 0.64% | |
| 42 | BRKR 6.375 09/01/28BRUKER CORP | 86,679 | $31.5B | 0.63% | |
| 43 | ITRI 1.375 07/15/30ITRON INC | 30,415,000 | $31.0B | 0.62% | |
| 44 | MCHP 7.5 03/15/28MICROCHIP TECHNOLOGY INC | 529,956 | $31.0B | 0.62% | |
| 45 | CSCOCisco Systems Inc | 400,000 | $30.8B | 0.62% | Call |
| 46 | ON 0.5 03/01/29ON SEMICONDUCTOR CORP | 31,555,000 | $30.0B | 0.60% | |
| 47 | PMT 8.5 06/01/29PENNYMAC CORP | 27,466,000 | $29.4B | 0.59% | |
| 48 | NOG 3.625 04/15/29NORTHERN OIL & GAS INC | 29,815,000 | $29.1B | 0.58% | |
| 49 | UPWK 0.25 08/15/26UPWORK INC | 28,914,000 | $28.3B | 0.57% | |
| 50 | BL 1 06/01/29BLACKLINE INC | 25,656,000 | $27.1B | 0.55% | |
| 51 | F 0 03/15/26FORD MOTOR COMPANY | 25,868,000 | $26.9B | 0.54% | |
| 52 | RGEN 1 12/15/28REPLIGEN CORP | 24,431,000 | $26.8B | 0.54% | |
| 53 | ACVTAdvent Convertible Bond ETF | 990,250 | $26.5B | 0.53% | |
| 54 | JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD | 19,332,000 | $26.0B | 0.52% | |
| 55 | FOUR 6 05/01/28SHIFT4 PAYMENTS INC | 323,380 | $25.9B | 0.52% | |
| 56 | EXPE 0 02/15/26EXPEDIA GROUP INC | 23,068,000 | $25.8B | 0.52% | |
| 57 | FIVN 1 03/15/29FIVE9 INC | 27,741,000 | $25.1B | 0.50% | |
| 58 | FOUR 0.5 08/01/27SHIFT4 PAYMENTS INC | 25,944,000 | $25.1B | 0.50% | |
| 59 | TCOM 0.75 06/15/29TRIP.COM GROUP LTD | 19,947,000 | $24.6B | 0.49% | |
| 60 | BILL 0 04/01/30BILL HOLDINGS INC | 26,181,000 | $24.1B | 0.48% | |
| 61 | SNAP 0.5 05/01/30SNAP INC | 27,271,000 | $23.9B | 0.48% | |
| 62 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 20,513,000 | $23.3B | 0.47% | |
| 63 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY | 25,404,000 | $23.1B | 0.46% | |
| 64 | ENPH 0 03/01/28ENPHASE ENERGY INC | 26,389,000 | $23.1B | 0.46% | |
| 65 | ETSY 0.125 09/01/27ETSY INC | 24,534,000 | $22.8B | 0.46% | |
| 66 | XYZ 0.25 11/01/27BLOCK INC | 24,310,000 | $22.6B | 0.45% | |
| 67 | AVAV 0 07/15/30AEROVIRONMENT INC | 19,818,000 | $21.6B | 0.43% | |
| 68 | LYV 3.125 01/15/29LIVE NATION ENTERTAINMEN | 14,629,000 | $21.5B | 0.43% | |
| 69 | ARRY 1 12/01/28ARRAY TECHNOLOGIES INC | 23,121,000 | $21.0B | 0.42% | |
| 70 | VERX 0.75 05/01/29VERTEX INC | 21,751,000 | $20.7B | 0.42% | |
| 71 | DXCM 0.375 05/15/28DEXCOM INC | 22,321,000 | $20.6B | 0.41% | |
| 72 | TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC | 14,212,000 | $20.4B | 0.41% | |
| 73 | VRNS 1 09/15/29VARONIS SYSTEM INC | 21,261,000 | $19.9B | 0.40% | |
| 74 | RIOT 0.75 01/15/30RIOT PLATFORMS INC | 17,193,000 | $19.6B | 0.39% | |
| 75 | PCG 6 12/01/27 APG&E CORP | 466,504 | $19.2B | 0.38% | |
| 76 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 19,706,000 | $18.8B | 0.38% | |
| 77 | HAE 2.5 06/01/29HAEMONETICS CORP | 17,981,000 | $18.8B | 0.38% | |
| 78 | WGO 3.25 01/15/30WINNEBAGO INDUSTRIES | 18,985,000 | $18.2B | 0.37% | |
| 79 | FLR 1.125 08/15/29FLUOR CORP | 15,247,000 | $17.5B | 0.35% | |
| 80 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 16,969,000 | $17.0B | 0.34% | |
| 81 | NTNX 0.5 12/15/29NUTANIX INC | 17,518,000 | $16.9B | 0.34% | |
| 82 | TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC | 16,156,000 | $16.5B | 0.33% | |
| 83 | SPOT 0 03/15/26SPOTIFY USA INC | 14,525,000 | $16.5B | 0.33% | |
| 84 | FRPT 3 04/01/28FRESHPET INC | 13,767,000 | $16.2B | 0.33% | |
| 85 | WDC 3 11/15/28WESTERN DIGITAL CORP | 3,364,000 | $15.4B | 0.31% | |
| 86 | EVH 3.5 12/01/29EVOLENT HEALTH INC | 22,573,000 | $15.3B | 0.31% | |
| 87 | WK 1.125 08/15/26WORKIVA INC | 13,072,000 | $15.3B | 0.31% | |
| 88 | BABA 0.5 06/01/31ALIBABA GROUP HOLDING | 9,682,000 | $15.1B | 0.30% | |
| 89 | QXO 5.5 05/15/28QXO INC | 265,400 | $14.7B | 0.30% | |
| 90 | ENOV 3.875 10/15/28ENOVIS CORP | 14,787,000 | $14.6B | 0.29% | |
| 91 | NEO 0.25 01/15/28NEOGENOMICS INC | 16,224,000 | $14.5B | 0.29% | |
| 92 | RUN 4 03/01/30SUNRUN INC | 10,085,000 | $14.5B | 0.29% | |
| 93 | CLSK 0 06/15/30CLEANSPARK INC | 13,301,000 | $13.8B | 0.28% | |
| 94 | GWRE 1.25 11/01/29GUIDEWIRE SOFTWARE INC | 11,670,000 | $12.9B | 0.26% | |
| 95 | EVH 4.5 08/15/31EVOLENT HEALTH INC | 17,588,000 | $12.8B | 0.26% | |
| 96 | MARA 0 06/01/31MARA HOLDINGS INC | 14,435,000 | $12.1B | 0.24% | |
| 97 | UGI 5 06/01/28UGI CORP | 8,009,000 | $11.4B | 0.23% | |
| 98 | NCLH 1.125 02/15/27NCL CORPORATION LTD | 10,300,000 | $10.3B | 0.21% | |
| 99 | JD 0.25 06/01/29JD.COM INC | 9,415,000 | $9.5B | 0.19% | |
| 100 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 9,356,000 | $9.4B | 0.19% |
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