ADVENT CAPITAL MANAGEMENT /DE/

Q2 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
6/30/2025
Date filed
8/13/2025
Form type
13F-HR
Num holdings
231
Total value ($000)
$4,697,183
Net value change ($000)
+137,779 (3.0%)
New positions
24
Sold out positions
12
Turnover %
12.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/12/2025 Next filing: 11/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
KKR 37,156 67.1%
ACVT 25,862 NEW
FOUR 19,975 NEW
APO 7,254 9.0%
QXO 4,922 NEW
GTLS 4,515 46.1%
META 4,429 NEW
AMGN 4,188 NEW
IBM 4,127 NEW
RH 3,780 NEW
Top Reduces (Value $000, Stocks/ETFs)
BAC -7,779 -3.6%
BA -6,741 -11.1%
BTSG -4,773 -73.5%
WFC -4,630 -2.1%
HPE -4,371 -24.8%
PCG -3,993 -21.3%
ALB -3,787 -42.8%
NOC -3,584 -100.0%
NFLX -3,264 -100.0%
GE -3,202 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 143,125 (3.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type