ADVENT CAPITAL MANAGEMENT /DE/

Q4 2025 13F-HR Detailed Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
228
Total value ($000)
$4,977,969
Net value change ($000)
+389,906 (8.5%)
New positions
15
Sold out positions
13
Turnover %
12.1%
Sector allocation + QoQ delta (equities-only)

Holdings broken out by other managers reported in the original SEC filing. View aggregated holdings

Prev filing: 11/13/2025 Next filing: — SEC filing
You are on the SEC detailed breakdown page. Rows are shown as reported in the filing (including other manager, discretion, and voting authority fields), and are not merged like the standard holdings view. Switch to aggregated holdings.

Snapshot: Change Analysis

Compared to Q3 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)
SO 45,639 NEW
NOVT 31,704 NEW
HPE 16,629 90.9%
KKR 11,594 12.6%
QXO 5,213 54.7%
ARES 4,641 11.1%
NOC 3,991 NEW
APO 3,984 4.3%
ABBV 3,427 NEW
GM 3,253 NEW
Top Reduces (Value $000, Stocks/ETFs)
BAC -26,303 -11.8%
WFC -24,029 -11.1%
AMGN -4,515 -100.0%
FANG -4,293 -100.0%
AMZN -3,952 -100.0%
SPOT -3,490 -100.0%
BMY -3,383 -100.0%
MDT -3,333 -100.0%
DAL -2,838 -100.0%
T -2,824 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 647,503 (13.0% 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 Discretion Other Manager Sole Shared None