ADVENT CAPITAL MANAGEMENT /DE/

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
221
Total value ($000)
$4,588,063
Net value change ($000)
-109,120 (-2.3%)
New positions
12
Sold out positions
24
Turnover %
16.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
NEE 61,068 137.6%
BRKR 30,558 NEW
BAC 16,152 7.8%
FOUR 6,521 32.6%
WFC 5,063 2.4%
HPE 5,052 38.1%
APO 4,737 5.4%
QXO 4,611 93.7%
MSTR 3,708 77.0%
SPOT 3,490 NEW
Top Reduces (Value $000, Stocks/ETFs)
NEE -69,871 -100.0%
GTLS -14,310 -100.0%
META -4,429 -100.0%
IBM -4,127 -100.0%
RH -3,780 -100.0%
WHR -3,550 -100.0%
DXCM -3,492 -100.0%
ARES -3,357 -7.4%
JPM -2,899 -100.0%
TOL -2,853 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 136,438 (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