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 |
|---|---|---|---|---|---|
| 101 | AAOI 2.75 01/15/30APPLIED OPTOELECTRONICS | 7,756,000 | $9.1B | 0.18% | |
| 102 | SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC | 10,085,000 | $9.0B | 0.18% | |
| 103 | TE 5.25 12/01/30T1 ENERGY INC | 6,900,000 | $8.9B | 0.18% | |
| 104 | LNT 3.875 03/15/26ALLIANT ENERGY CORP | 8,319,000 | $8.8B | 0.18% | |
| 105 | ETSY 0.125 10/01/26ETSY INC | 8,537,000 | $8.6B | 0.17% | |
| 106 | SEI 0.25 10/01/31SOLARIS ENERGY INFRASTRU | 7,730,000 | $8.4B | 0.17% | |
| 107 | MSTR 8 PERPSTRATEGY INC | 105,738 | $8.4B | 0.17% | |
| 108 | IONS 1.75 06/15/28IONIS PHARMACEUTICALS IN | 5,056,000 | $8.1B | 0.16% | |
| 109 | UPST 1 11/15/30UPSTART HOLDINGS INC | 9,118,000 | $8.0B | 0.16% | |
| 110 | SEI 4.75 05/01/30SOLARIS ENERGY INFRASTRU | 3,905,000 | $7.8B | 0.16% | |
| 111 | BAC 0.6 05/25/27 MTNBOFA FINANCE LLC | 6,800,000 | $7.4B | 0.15% | |
| 112 | MSTR 0.875 03/15/31STRATEGY INC | 7,094,000 | $7.3B | 0.15% | |
| 113 | RIVN 3.625 10/15/30RIVIAN AUTO INC | 6,433,000 | $7.3B | 0.15% | |
| 114 | CSWC 5.125 11/15/29CAPITAL SOUTHWEST CORP | 7,250,000 | $7.2B | 0.15% | |
| 115 | RIVN 4.625 03/15/29RIVIAN AUTO INC | 5,474,000 | $7.0B | 0.14% | |
| 116 | HDHome Depot Inc/The | 20,000 | $6.9B | 0.14% | Call |
| 117 | SHAK 0 03/01/28SHAKE SHACK INC | 7,159,000 | $6.8B | 0.14% | |
| 118 | NCLHNorwegian Cruise Line Holdings | 300,000 | $6.7B | 0.13% | Call |
| 119 | PTON 5.5 12/01/29PELOTON INTERACTIVE INC | 3,980,000 | $6.7B | 0.13% | |
| 120 | ITGR 2.125 02/15/28INTEGER HOLDINGS CORP | 5,714,000 | $6.5B | 0.13% | |
| 121 | BXMT 5.5 03/15/27BLACKSTONE MORTGAGE TR | 6,398,000 | $6.4B | 0.13% | |
| 122 | U 0 11/15/26UNITY SOFTWARE INC | 6,413,000 | $6.2B | 0.12% | |
| 123 | AEIS 2.5 09/15/28ADVANCED ENERGY IND | 3,615,000 | $6.0B | 0.12% | |
| 124 | FE 4 05/01/26FIRSTENERGY CORP | 5,660,000 | $5.8B | 0.12% | |
| 125 | MGPI 1.875 11/15/41MGP INGREDIENTS INC | 5,900,000 | $5.7B | 0.12% | |
| 126 | CRNC 1.5 07/01/28CERENCE INC | 6,200,000 | $5.6B | 0.11% | |
| 127 | EVRG 4.5 12/15/27EVERGY INC | 4,525,000 | $5.5B | 0.11% | |
| 128 | SSRMCN 2.5 04/01/39SSR MINING INC | 4,208,000 | $5.5B | 0.11% | |
| 129 | LARCN 1.75 01/15/27LITHIUM ARGENTINA AG | 5,809,000 | $5.3B | 0.11% | |
| 130 | LITE 1.5 12/15/29LUMENTUM HOLDINGS INC | 1,001,000 | $5.3B | 0.11% | |
| 131 | SIRI 3.75 03/15/28SIRIUS XM HOLDINGS | 5,147,000 | $5.2B | 0.11% | |
| 132 | PGY 6.125 10/01/29PAGAYA TECHNOLOGIES LTD | 2,822,000 | $5.2B | 0.10% | |
| 133 | COGTCOGENT BIOSCIENCES INC | 4,400,000 | $5.2B | 0.10% | |
| 134 | IMCR 2.5 02/01/30IMMUNOCORE HOLDINGS | 5,600,000 | $5.1B | 0.10% | |
| 135 | MSTR 2.25 06/15/32STRATEGY INC | 4,500,000 | $5.0B | 0.10% | |
| 136 | ORCLOracle Corp | 25,000 | $4.9B | 0.10% | Call |
| 137 | REAL 4 02/15/31THE REALREAL INC | 2,800,000 | $4.8B | 0.10% | |
| 138 | STX 3.5 06/01/28SEAGATE HDD CAYMAN | 1,400,000 | $4.7B | 0.09% | |
| 139 | BOX 0 01/15/26BOX INC | 3,950,000 | $4.6B | 0.09% | |
| 140 | HALO 0.25 03/01/27HALOZYME THERAPEUTICS IN | 4,266,000 | $4.6B | 0.09% | |
| 141 | ALB 7.25 03/01/27ALBEMARLE CORP | 77,747 | $4.6B | 0.09% | |
| 142 | ITRI 0 03/15/26ITRON INC | 4,508,000 | $4.5B | 0.09% | |
| 143 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 4,350,000 | $4.5B | 0.09% | |
| 144 | SNAP 0.125 03/01/28SNAP INC | 4,850,000 | $4.4B | 0.09% | |
| 145 | RPD 0.25 03/15/27RAPID7 INC | 4,426,000 | $4.2B | 0.08% | |
| 146 | ETNEaton Corp PLC | 13,000 | $4.1B | 0.08% | |
| 147 | GOSS 5 06/01/27GOSSAMER BIO INC | 6,000,000 | $4.1B | 0.08% | |
| 148 | NOCNorthrop Grumman Corp | 7,000 | $4.0B | 0.08% | |
| 149 | AMPH 2 03/15/29AMPHASTAR PHARMACEUTICAL | 4,086,000 | $3.8B | 0.08% | |
| 150 | BSY 0.125 01/15/26BENTLEY SYSTEMS INC | 3,741,000 | $3.7B | 0.08% | |
| 151 | MKSI 1.25 06/01/30MKS INC | 2,850,000 | $3.6B | 0.07% | |
| 152 | PRCH 9 05/15/30PORCH GROUP INC | 3,150,000 | $3.6B | 0.07% | |
| 153 | MIRM 4 05/01/29MIRUM PHARMACEUTICALS | 1,376,000 | $3.6B | 0.07% | |
| 154 | BE 3 06/01/29BLOOM ENERGY CORP | 832,000 | $3.6B | 0.07% | |
| 155 | FSLY 7.75 06/01/28FASTLY INC | 3,150,000 | $3.5B | 0.07% | |
| 156 | AKAMAkamai Technologies Inc | 40,000 | $3.5B | 0.07% | Call |
| 157 | ABBVAbbVie Inc | 15,000 | $3.4B | 0.07% | |
| 158 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 2,886,000 | $3.3B | 0.07% | |
| 159 | TXNM 5.75 06/01/54TXNM ENERGY INC | 2,479,000 | $3.3B | 0.07% | |
| 160 | PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC | 3,289,000 | $3.3B | 0.07% | |
| 161 | SOFI 0 10/15/26SOFI TECHNOLOGIES INC | 2,554,000 | $3.3B | 0.07% | |
| 162 | GPRE 5.25 11/01/30 UNRSGREEN PLAINS INC | 3,100,000 | $3.3B | 0.07% | |
| 163 | GMGeneral Motors Co | 40,000 | $3.3B | 0.07% | |
| 164 | VRTVertiv Holdings Co | 20,000 | $3.2B | 0.07% | |
| 165 | STWD 6.75 07/15/27STARWOOD PROPERTY TRUST | 3,000,000 | $3.2B | 0.06% | |
| 166 | CCLCarnival Corp | 100,000 | $3.1B | 0.06% | |
| 167 | UPST 2 10/01/29UPSTART HOLDINGS INC | 2,315,000 | $2.9B | 0.06% | |
| 168 | PNCPNC Financial Services Group I | 14,000 | $2.9B | 0.06% | |
| 169 | BAND 0.5 04/01/28BANDWIDTH INC | 3,300,000 | $2.9B | 0.06% | |
| 170 | BSXBoston Scientific Corp | 30,000 | $2.9B | 0.06% | |
| 171 | IRWD 1.5 06/15/26IRONWOOD PHARMACEUTICALS | 3,000,000 | $2.8B | 0.06% | |
| 172 | RPD 1.25 03/15/29RAPID7 INC | 3,073,000 | $2.8B | 0.06% | |
| 173 | FWONK 2.25 08/15/27LIBERTY MEDIA CORP | 2,200,000 | $2.8B | 0.06% | |
| 174 | AVGOBroadcom Inc | 8,000 | $2.8B | 0.06% | |
| 175 | LRN 1.125 09/01/27STRIDE INC | 2,000,000 | $2.7B | 0.06% | |
| 176 | DBX 0 03/01/26DROPBOX INC | 2,604,000 | $2.6B | 0.05% | |
| 177 | RCLRoyal Caribbean Cruises Ltd | 9,000 | $2.5B | 0.05% | |
| 178 | CYTK 3.5 07/01/27CYTOKINETICS INC | 1,750,000 | $2.5B | 0.05% | |
| 179 | BURL 1.25 12/15/27BURLINGTON STORES INC | 1,500,000 | $2.2B | 0.04% | |
| 180 | BABAAlibaba Group Holding Ltd | 15,000 | $2.2B | 0.04% | Call |
| 181 | ENPH 0 03/01/26ENPHASE ENERGY INC | 2,175,000 | $2.2B | 0.04% | |
| 182 | CELC 2.75 08/01/31CELCUITY INC | 980,000 | $2.1B | 0.04% | |
| 183 | VERI 1.75 11/15/26VERITONE INC | 2,107,000 | $2.0B | 0.04% | |
| 184 | BSY 0.375 07/01/27BENTLEY SYSTEMS | 1,980,000 | $1.9B | 0.04% | |
| 185 | PMT 5.5 03/15/26PENNYMAC CORP | 1,830,000 | $1.9B | 0.04% | |
| 186 | RWT 7.75 06/15/27REDWOOD TRUST INC | 1,800,000 | $1.8B | 0.04% | |
| 187 | NBR 1.75 06/15/29NABORS INDUSTRIES INC | 2,103,000 | $1.7B | 0.03% | |
| 188 | BTSG 6.75 02/01/27BRIGHTSPRING HEALTH SERV | 13,528 | $1.7B | 0.03% | |
| 189 | FLNC 2.25 06/15/30FLUENCE ENERGY INC | 1,400,000 | $1.7B | 0.03% | |
| 190 | EXAS 0.375 03/15/27EXACT SCIENCES CORP | 1,570,000 | $1.6B | 0.03% | |
| 191 | DOCN 0 12/01/26DIGITALOCEAN HOLDINGS | 1,549,000 | $1.5B | 0.03% | |
| 192 | RIOTRiot Platforms Inc | 100,000 | $1.3B | 0.03% | Put |
| 193 | SOFISoFi Technologies Inc | 45,000 | $1.2B | 0.02% | Call |
| 194 | BTDRBitdeer Technologies Group | 105,000 | $1.2B | 0.02% | Call |
| 195 | BL 0 03/15/26BLACKLINE INC | 1,160,000 | $1.1B | 0.02% | |
| 196 | CBRL 0.625 06/15/26CRACKER BARREL OLD COUNT | 1,058,000 | $1.0B | 0.02% | |
| 197 | CABO 1.125 03/15/28CABLE ONE INC | 1,244,000 | $1.0B | 0.02% | |
| 198 | MARAMARA Holdings Inc | 100,000 | $898.0M | 0.02% | Call |
| 199 | PENN 2.75 05/15/26PENN ENTERTAINMENT INC | 872,000 | $867.0M | 0.02% | |
| 200 | PNW 4.75 06/15/27PINNACLE WEST CAPITAL | 790,000 | $847.0M | 0.02% |