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 |
|---|---|---|---|---|---|
| 101 | QXO 5.5 05/15/28QXO INC | 174,000 | $9.5B | 0.21% | |
| 102 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 9,441,000 | $9.1B | 0.20% | |
| 103 | MSTR 8 PERPSTRATEGY INC | 93,238 | $8.5B | 0.19% | |
| 104 | ITRI 1.375 07/15/30ITRON INC | 7,300,000 | $8.4B | 0.18% | |
| 105 | WDC 3 11/15/28WESTERN DIGITAL CORP | 2,567,000 | $8.2B | 0.18% | |
| 106 | EVRG 4.5 12/15/27EVERGY INC | 6,510,000 | $8.2B | 0.18% | |
| 107 | PTON 5.5 12/01/29PELOTON INTERACTIVE INC | 3,580,000 | $8.0B | 0.17% | |
| 108 | LITE 0.5 06/15/28LUMENTUM HOLDINGS INC | 5,669,000 | $7.9B | 0.17% | |
| 109 | LYV 3.125 01/15/29LIVE NATION ENTERTAINMEN | 4,854,000 | $7.8B | 0.17% | |
| 110 | BAC 0.6 05/25/27 MTNBOFA FINANCE LLC | 7,800,000 | $7.7B | 0.17% | |
| 111 | CABO 1.125 03/15/28CABLE ONE INC | 8,244,000 | $7.1B | 0.15% | |
| 112 | UGI 5 06/01/28UGI CORP | 5,509,000 | $7.1B | 0.15% | |
| 113 | JBLU 2.5 09/01/29JETBLUE AIRWAYS CORP | 6,171,000 | $6.4B | 0.14% | |
| 114 | BXMT 5.5 03/15/27BLACKSTONE MORTGAGE TR | 6,398,000 | $6.3B | 0.14% | |
| 115 | BOX 0 01/15/26BOX INC | 5,034,000 | $6.3B | 0.14% | |
| 116 | U 0 11/15/26UNITY SOFTWARE INC | 6,413,000 | $6.1B | 0.13% | |
| 117 | SOFI 0 10/15/26SOFI TECHNOLOGIES INC | 4,454,000 | $5.8B | 0.13% | |
| 118 | FE 4 05/01/26FIRSTENERGY CORP | 5,493,000 | $5.7B | 0.12% | |
| 119 | LRN 1.125 09/01/27STRIDE INC | 2,000,000 | $5.7B | 0.12% | |
| 120 | LARCN 1.75 01/15/27LITHIUM ARGENTINA AG | 6,339,000 | $5.7B | 0.12% | |
| 121 | RIVN 4.625 03/15/29RIVIAN AUTO INC | 5,474,000 | $5.7B | 0.12% | |
| 122 | MGPI 1.875 11/15/41MGP INGREDIENTS INC | 5,900,000 | $5.7B | 0.12% | |
| 123 | REAL 4 02/15/31THE REALREAL INC | 4,324,000 | $5.6B | 0.12% | |
| 124 | MSTR 0.875 03/15/31STRATEGY INC | 3,444,000 | $5.4B | 0.12% | |
| 125 | SIRI 3.75 03/15/28SIRIUS XM HOLDINGS | 5,147,000 | $5.4B | 0.12% | |
| 126 | BABAAlibaba Group Holding Ltd | 29,500 | $5.3B | 0.11% | Call |
| 127 | JDJD.com Inc | 150,000 | $5.2B | 0.11% | Call |
| 128 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 3,975,000 | $5.0B | 0.11% | |
| 129 | HLF 4.25 06/15/28HERBALIFE LTD | 5,352,000 | $5.0B | 0.11% | |
| 130 | AGCN 0.375 01/15/27FIRST MAJESTIC SILVER | 4,510,000 | $4.9B | 0.11% | |
| 131 | SPOT 0 03/15/26SPOTIFY USA INC | 3,525,000 | $4.8B | 0.11% | |
| 132 | RPD 0.25 03/15/27RAPID7 INC | 5,038,000 | $4.7B | 0.10% | |
| 133 | FOUR 0 12/15/25SHIFT4 PAYMENTS INC | 4,570,000 | $4.7B | 0.10% | |
| 134 | CRNC 1.5 07/01/28CERENCE INC | 5,500,000 | $4.6B | 0.10% | |
| 135 | AMGNAmgen Inc | 16,000 | $4.5B | 0.10% | |
| 136 | NBR 1.75 06/15/29NABORS INDUSTRIES INC | 5,782,000 | $4.5B | 0.10% | |
| 137 | XMTR 1 02/01/27XOMETRY INC | 3,615,000 | $4.4B | 0.10% | |
| 138 | SNAP 0.125 03/01/28SNAP INC | 4,850,000 | $4.3B | 0.09% | |
| 139 | FANGDiamondback Energy Inc | 30,000 | $4.3B | 0.09% | |
| 140 | AMZNAmazon.com Inc | 18,000 | $4.0B | 0.09% | |
| 141 | ETNEaton Corp PLC | 10,000 | $3.7B | 0.08% | |
| 142 | QTWO 0.125 11/15/25Q2 HOLDINGS INC | 3,712,000 | $3.7B | 0.08% | |
| 143 | DBX 0 03/01/28DROPBOX INC | 3,468,000 | $3.6B | 0.08% | |
| 144 | LITE 1.5 12/15/29LUMENTUM HOLDINGS INC | 1,477,000 | $3.6B | 0.08% | |
| 145 | SPOTSpotify Technology SA | 5,000 | $3.5B | 0.08% | |
| 146 | GMEGameStop Corp | 125,000 | $3.4B | 0.07% | Call |
| 147 | EXAS 0.375 03/01/28EXACT SCIENCES CORP | 3,655,000 | $3.4B | 0.07% | |
| 148 | BMYBristol-Myers Squibb Co | 75,000 | $3.4B | 0.07% | |
| 149 | MDTMedtronic PLC | 35,000 | $3.3B | 0.07% | |
| 150 | STWD 6.75 07/15/27STARWOOD PROPERTY TRUST | 3,000,000 | $3.2B | 0.07% | |
| 151 | CAKE 0.375 06/15/26CHEESECAKE FACTORY (THE) | 3,185,000 | $3.2B | 0.07% | |
| 152 | PMT 5.5 03/15/26PENNYMAC CORP | 3,048,000 | $3.0B | 0.07% | |
| 153 | ALB 7.25 03/01/27ALBEMARLE CORP | 77,747 | $2.9B | 0.06% | |
| 154 | AMPH 2 03/15/29AMPHASTAR PHARMACEUTICAL | 3,213,000 | $2.9B | 0.06% | |
| 155 | RPD 1.25 03/15/29RAPID7 INC | 3,221,000 | $2.9B | 0.06% | |
| 156 | DALDelta Air Lines Inc | 50,000 | $2.8B | 0.06% | |
| 157 | TAT&T Inc | 100,000 | $2.8B | 0.06% | |
| 158 | BAND 0.5 04/01/28BANDWIDTH INC | 3,300,000 | $2.8B | 0.06% | |
| 159 | AAOI 2.75 01/15/30APPLIED OPTOELECTRONICS | 2,800,000 | $2.8B | 0.06% | |
| 160 | GOSS 5 06/01/27GOSSAMER BIO INC | 4,000,000 | $2.8B | 0.06% | |
| 161 | STX 3.5 06/01/28SEAGATE HDD CAYMAN | 950,000 | $2.7B | 0.06% | |
| 162 | CIMChimera Investment Corp | 200,000 | $2.6B | 0.06% | Call |
| 163 | MIRM 4 05/01/29MIRUM PHARMACEUTICALS | 1,076,000 | $2.6B | 0.06% | |
| 164 | DBX 0 03/01/26DROPBOX INC | 2,604,000 | $2.6B | 0.06% | |
| 165 | DOCN 0 12/01/26DIGITALOCEAN HOLDINGS | 2,701,000 | $2.6B | 0.06% | |
| 166 | AEIS 2.5 09/15/28ADVANCED ENERGY IND | 1,835,000 | $2.5B | 0.06% | |
| 167 | CMICummins Inc | 6,000 | $2.5B | 0.06% | |
| 168 | GPRE 2.25 03/15/27GREEN PLAINS INC | 2,625,000 | $2.5B | 0.05% | |
| 169 | MGMMGM Resorts International | 70,000 | $2.4B | 0.05% | |
| 170 | RCLRoyal Caribbean Cruises Ltd | 7,000 | $2.3B | 0.05% | |
| 171 | VRTVertiv Holdings Co | 15,000 | $2.3B | 0.05% | |
| 172 | EXAS 0.375 03/15/27EXACT SCIENCES CORP | 2,320,000 | $2.2B | 0.05% | |
| 173 | SO 3.875 12/15/25SOUTHERN CO | 1,950,000 | $2.2B | 0.05% | |
| 174 | ENPH 0 03/01/26ENPHASE ENERGY INC | 2,175,000 | $2.1B | 0.05% | |
| 175 | BTDRBitdeer Technologies Group | 120,000 | $2.1B | 0.04% | Put |
| 176 | CIFRCipher Mining Inc | 160,000 | $2.0B | 0.04% | Call |
| 177 | HTHT 3 05/01/26H WORLD GROUP LTD | 1,772,000 | $2.0B | 0.04% | |
| 178 | AGNCAGNC Investment Corp | 195,100 | $1.9B | 0.04% | Call |
| 179 | IMCR 2.5 02/01/30IMMUNOCORE HOLDINGS | 2,100,000 | $1.9B | 0.04% | |
| 180 | BSY 0.375 07/01/27BENTLEY SYSTEMS | 1,980,000 | $1.9B | 0.04% | |
| 181 | RWT 7.75 06/15/27REDWOOD TRUST INC | 1,800,000 | $1.8B | 0.04% | |
| 182 | CRWVCoreWeave Inc | 12,500 | $1.7B | 0.04% | Call |
| 183 | BTSG 6.75 02/01/27BRIGHTSPRING HEALTH SERV | 16,993 | $1.7B | 0.04% | |
| 184 | AVGOBroadcom Inc | 5,000 | $1.6B | 0.04% | |
| 185 | VIAV 1.625 03/15/26VIAVI SOLUTIONS INC | 1,469,000 | $1.5B | 0.03% | |
| 186 | VERI 1.75 11/15/26VERITONE INC | 2,107,000 | $1.5B | 0.03% | |
| 187 | BILL 0 12/01/25BILL HOLDINGS INC | 1,550,000 | $1.5B | 0.03% | |
| 188 | CELC 2.75 08/01/31CELCUITY INC | 980,000 | $1.3B | 0.03% | |
| 189 | LYFTLyft Inc | 55,000 | $1.2B | 0.03% | Call |
| 190 | BL 0 03/15/26BLACKLINE INC | 1,160,000 | $1.1B | 0.02% | |
| 191 | REALRealReal Inc/The | 100,000 | $1.1B | 0.02% | Call |
| 192 | CBRL 0.625 06/15/26CRACKER BARREL OLD COUNT | 1,058,000 | $1.0B | 0.02% | |
| 193 | BBAIBigBear.ai Holdings Inc | 140,000 | $912.8M | 0.02% | Call |
| 194 | PNW 4.75 06/15/27PINNACLE WEST CAPITAL | 790,000 | $850.4M | 0.02% | |
| 195 | BEBloom Energy Corp | 10,000 | $845.7M | 0.02% | Call |
| 196 | NVST 1.75 08/15/28ENVISTA HOLDINGS CORP | 859,000 | $812.3M | 0.02% | |
| 197 | SOFISoFi Technologies Inc | 30,000 | $792.6M | 0.02% | Call |
| 198 | DFDVDeFi Development Corp | 50,000 | $765.5M | 0.02% | |
| 199 | ZD 1.75 11/01/26ZIFF DAVIS INC | 775,000 | $745.4M | 0.02% | |
| 200 | MTSI 0.25 03/15/26M/A-COM TECH SOLUTIONS | 425,000 | $645.4M | 0.01% |