ADVENT CAPITAL MANAGEMENT /DE/

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, ADVENT CAPITAL MANAGEMENT /DE/ maintained a portfolio of 281 distinct positions. The most significant new addition to the portfolio was SPDR S&P 500 ETF Tru, which now represents 11.78% of the total fund value. Conversely, ADVENT CAPITAL MANAGEMENT /DE/ completely exited their position in SPDR S&P 500 ETF Tru.
PCA Score Concentration Risk
Risk ENB
Total Positions
281
Quarter
2025 Q4
Top Holding
SPY (11.8%)
Top 10 Concentration
35.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 281
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SPY
SPDR S&P 500 ET...
CALL
CALL Option 11.78% #1
Prev: #—
6.7 860,000 no change
NEW
860,000 $586,451,200 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC/PRL
BANK OF AMERICA...
Preferred 3.96% 4.87% #2 1
Prev: #1
1.6 -19,195 -10.9%
P
S
157,311 $196,973,067 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WFC/PRL
WELLS FARGO & C...
Preferred 3.85% 4.70% #3 1
Prev: #2
1.6 -17,446 -10.0%
P
S
157,600 $191,804,296 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
UBER TECHNOLOGI...
Unknown 3.72% 4.03% #4 1
Prev: #3
3.5 16,787,000 13.4%
P
S
142,238,000 $184,945,457 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
GLOBAL PAYMENTS...
Unknown 2.18% 2.81% #5
Prev: #5
0.9 -20,687,000 -14.7%
P
S
119,816,000 $108,378,571 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
VENTAS REALTY L...
Unknown 2.10% 2.90% #6 2
Prev: #4
0.9 -29,298,000 -28.5%
P
S
73,569,000 $104,300,921 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
MERITAGE HOMES ...
Unknown 2.09% 2.50% #7 1
Prev: #6
0.9 -6,569,000 -5.9%
P
S
105,126,000 $104,156,800 13F Filing 2025-12-31 2026-02-14 (Est.)
KKR/PRD
KKR & CO INC
Preferred 2.08% 2.01% #8 3
Prev: #11
2.9 226,306 12.8%
P
S
1,997,547 $103,732,616 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NEE/PRS
NEXTERA ENERGY ...
Preferred 2.06% 2.30% #9 2
Prev: #7
0.8 -131,212 -6.2%
P
S
1,988,322 $102,716,715 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
APO/PRA
APOLLO GLOBAL M...
Preferred 1.94% 2.01% #10
Prev: #10
0.8 -43,088 -3.3%
P
S
1,277,582 $96,419,115 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CMS ENERGY CORP
Unknown 1.89% 1.86% #11 2
Prev: #13
2.8 9,746,000 12.5%
P
S
87,479,000 $94,277,761 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
NEXTERA ENERGY ...
Unknown 1.64% 1.50% #12 2
Prev: #14
2.7 6,875,000 11.8%
P
S
65,080,000 $81,583,202 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TYLER TECHNOLOG...
Unknown 1.59% 0.88% #13 17
Prev: #30
2.9 41,427,000 112.7%
P
S
78,180,000 $79,293,519 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PPL CAPITAL FUN...
Unknown 1.50% 1.92% #14 2
Prev: #12
0.6 -9,490,000 -12.3%
P
S
67,596,000 $74,848,723 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
DUKE ENERGY COR...
Unknown 1.50% 2.20% #15 6
Prev: #9
0.7 -22,332,000 -23.8%
P
S
71,579,000 $74,447,379 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
LIVE NATION ENT...
Unknown 1.40% #16
Prev: #—
2.6 65,401,000 no change
NEW
65,401,000 $69,739,473 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CENTERPOINT ENE...
Unknown 1.31% 1.26% #17 2
Prev: #19
2.6 6,461,000 12.4%
P
S
58,536,000 $65,102,196 13F Filing 2025-12-31 2026-02-14 (Est.)
BA/PRA
BOEING CO/THE
Preferred 1.19% 1.23% #18 2
Prev: #20
2.5 29,391 3.6%
P
S
849,161 $59,037,919 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SOUTHERN CO
Unknown 1.15% 1.06% #19 5
Prev: #24
2.5 9,713,000 22.3%
P
S
53,292,000 $57,109,042 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
LANTHEUS HOLDIN...
Unknown 1.07% 1.20% #20 2
Prev: #22
0.5 -6,195,000 -11.8%
P
S
46,122,000 $53,016,707 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
AFFIRM HOLDINGS...
Unknown 1.02% #21
Prev: #—
2.4 45,578,000 no change
NEW
45,578,000 $50,596,329 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TETRA TECH INC
Unknown 0.97% 1.06% #22 1
Prev: #23
0.4 -998,000 -2.2%
P
S
43,876,000 $48,088,648 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
BOX INC
Unknown 0.95% 1.20% #23 2
Prev: #21
0.4 -6,564,000 -12.0%
P
S
48,301,000 $47,308,822 13F Filing 2025-12-31 2026-02-14 (Est.)
ARES/PRB
ARES MANAGEMENT...
Preferred 0.93% 0.91% #24 3
Prev: #27
2.4 83,173 9.9%
P
S
920,473 $46,539,116 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SOUTHERN CO
Preferred 0.92% #25
Prev: #—
2.4 916,989 no change
NEW
916,989 $45,638,552 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 0.00% 2.29%
Sold All 😨
(Was: #8)
0.3 -158,000 -100.0%
CLOSED
$— 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
AIRBNB INC
Unknown 0.00% 0.86%
Sold All 😨
(Was: #34)
0.3 -40,318,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
UBER TECHNOLOGI...
Unknown 0.00% 0.41%
Sold All 😨
(Was: #73)
0.3 -15,340,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SHOPIFY INC
Unknown 0.00% 0.37%
Sold All 😨
(Was: #77)
0.3 -16,204,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ALARM.COM HLDGS...
Unknown 0.00% 0.37%
Sold All 😨
(Was: #78)
0.3 -17,578,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
MICROCHIP TECHN...
Unknown 0.00% 0.31%
Sold All 😨
(Was: #85)
0.3 -14,800,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PAGERDUTY INC.
Unknown 0.00% 0.29%
Sold All 😨
(Was: #87)
0.3 -13,453,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CABLE ONE INC
Unknown 0.00% 0.25%
Sold All 😨
(Was: #94)
0.3 -11,925,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
NEW MOUNTAIN FI...
Unknown 0.00% 0.23%
Sold All 😨
(Was: #97)
0.3 -10,547,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
AMERICAN WATER ...
Unknown 0.00% 0.23%
Sold All 😨
(Was: #98)
0.3 -10,425,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
LUMENTUM HOLDIN...
Unknown 0.00% 0.17%
Sold All 😨
(Was: #108)
0.3 -5,669,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
JETBLUE AIRWAYS...
Unknown 0.00% 0.14%
Sold All 😨
(Was: #113)
0.3 -6,171,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
JD
JD.com Inc
CALL
CALL Option 0.00% 0.11%
Sold All 😨
(Was: #127)
0.3 -150,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
FIRST MAJESTIC ...
Unknown 0.00% 0.11%
Sold All 😨
(Was: #130)
0.3 -4,510,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SHIFT4 PAYMENTS...
Unknown 0.00% 0.10%
Sold All 😨
(Was: #133)
0.3 -4,570,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
AMGN
Amgen Inc
Healthcare 0.00% 0.10%
Sold All 😨
(Was: #135)
0.3 -16,000 -100.0%
CLOSED
$— 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
XOMETRY INC
Unknown 0.00% 0.10%
Sold All 😨
(Was: #137)
0.3 -3,615,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
FANG
Diamondback Ene...
Energy 0.00% 0.09%
Sold All 😨
(Was: #139)
0.3 -30,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
Amazon.com Inc
Consumer Cyclical 0.00% 0.09%
Sold All 😨
(Was: #140)
0.3 -18,000 -100.0%
CLOSED
$— 2014 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
Q2 HOLDINGS INC
Unknown 0.00% 0.08%
Sold All 😨
(Was: #142)
0.3 -3,712,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
DROPBOX INC
Unknown 0.00% 0.08%
Sold All 😨
(Was: #143)
0.3 -3,468,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
Spotify Technol...
Communication Services 0.00% 0.08%
Sold All 😨
(Was: #145)
0.3 -5,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GME
GameStop Corp
CALL
CALL Option 0.00% 0.07%
Sold All 😨
(Was: #146)
0.3 -125,000 -100.0%
CLOSED
$— 2006 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
EXACT SCIENCES ...
Unknown 0.00% 0.07%
Sold All 😨
(Was: #147)
0.3 -3,655,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
BMY
Bristol-Myers S...
Healthcare 0.00% 0.07%
Sold All 😨
(Was: #148)
0.3 -75,000 -100.0%
CLOSED
$— 2005 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MDT
Medtronic PLC
Healthcare 0.00% 0.07%
Sold All 😨
(Was: #149)
0.3 -35,000 -100.0%
CLOSED
$— 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CHEESECAKE FACT...
Unknown 0.00% 0.07%
Sold All 😨
(Was: #151)
0.3 -3,185,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
DAL
Delta Air Lines...
Industrials 0.00% 0.06%
Sold All 😨
(Was: #156)
0.3 -50,000 -100.0%
CLOSED
$— 2007 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
T
AT&T Inc
Communication Services 0.00% 0.06%
Sold All 😨
(Was: #157)
0.3 -100,000 -100.0%
CLOSED
$— 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CIM
Chimera Investm...
CALL
CALL Option 0.00% 0.06%
Sold All 😨
(Was: #162)
0.3 -200,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CMI
Cummins Inc
Industrials 0.00% 0.06%
Sold All 😨
(Was: #167)
0.3 -6,000 -100.0%
CLOSED
$— 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
GREEN PLAINS IN...
Unknown 0.00% 0.05%
Sold All 😨
(Was: #168)
0.3 -2,625,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
MGM
MGM Resorts Int...
Consumer Cyclical 0.00% 0.05%
Sold All 😨
(Was: #169)
0.3 -70,000 -100.0%
CLOSED
$— 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SOUTHERN CO
Unknown 0.00% 0.05%
Sold All 😨
(Was: #173)
0.3 -1,950,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
CIFR
Cipher Mining I...
CALL
CALL Option 0.00% 0.04%
Sold All 😨
(Was: #175)
0.3 -160,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
H WORLD GROUP L...
Unknown 0.00% 0.04%
Sold All 😨
(Was: #176)
0.3 -1,772,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
AGNC
AGNC Investment...
CALL
CALL Option 0.00% 0.04%
Sold All 😨
(Was: #177)
0.3 -195,100 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRWV
CoreWeave Inc
CALL
CALL Option 0.00% 0.04%
Sold All 😨
(Was: #181)
0.3 -12,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BTDR
Bitdeer Technol...
PUT
PUT Option 0.00% 0.04%
Sold All 😨
(Was: #182)
0.3 -100,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
VIAVI SOLUTIONS...
Unknown 0.00% 0.03%
Sold All 😨
(Was: #185)
0.3 -1,469,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
BILL HOLDINGS I...
Unknown 0.00% 0.03%
Sold All 😨
(Was: #187)
0.3 -1,550,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
LYFT
Lyft Inc
CALL
CALL Option 0.00% 0.03%
Sold All 😨
(Was: #189)
0.3 -55,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
REAL
RealReal Inc/Th...
CALL
CALL Option 0.00% 0.02%
Sold All 😨
(Was: #191)
0.3 -100,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BE
Bloom Energy Co...
CALL
CALL Option 0.00% 0.02%
Sold All 😨
(Was: #194)
0.3 -10,000 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ENVISTA HOLDING...
Unknown 0.00% 0.02%
Sold All 😨
(Was: #195)
0.3 -859,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
DFDV
DeFi Developmen...
Financial Services 0.00% 0.02%
Sold All 😨
(Was: #197)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
WAYFAIR INC
Unknown 0.00% 0.01%
Sold All 😨
(Was: #201)
0.3 -368,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
RIOT
Riot Platforms ...
CALL
CALL Option 0.00% 0.01%
Sold All 😨
(Was: #202)
0.3 -28,500 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOSS
Gossamer Bio In...
CALL
CALL Option 0.00% 0.01%
Sold All 😨
(Was: #203)
0.3 -200,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RDW
Redwire Corp
CALL
CALL Option 0.00% 0.01%
Sold All 😨
(Was: #204)
0.3 -55,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HUBS
HubSpot Inc
Technology 0.00% 0.01%
Sold All 😨
(Was: #206)
0.3 -1,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
EQUINOX GOLD CO...
Unknown 0.00% 0.01%
Sold All 😨
(Was: #211)
0.3 -150,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
GGAL
Grupo Financier...
CALL
CALL Option 0.00% 0.01%
Sold All 😨
(Was: #212)
0.3 -10,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BBAI
BigBear.ai Hold...
Technology 0.00% 0.01%
Sold All 😨
(Was: #213)
0.3 -40,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PLUG
Plug Power Inc
CALL
CALL Option 0.00% 0.01%
Sold All 😨
(Was: #214)
0.3 -100,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AUR
Aurora Innovati...
CALL
CALL Option 0.00% 0.00%
Sold All 😨
(Was: #218)
0.3 -20,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 281 holdings

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