ADVENT CAPITAL MANAGEMENT /DE/

Filed: 2/13/2025ACC: 0001140361-25-004367

📋 What this filing means

ADVENT CAPITAL MANAGEMENT /DE/ filed this quarterly 13F‑HR report disclosing 207 equity positions with a total reported market value of $4.33B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

207

Positions

$4.33B

Total AUM (reported)

3.49B

Total Shares

Allocation by class

CONV$3.46B79.8%

CONV PFD$804.33M18.6%

COM$72.71M1.7%

Portfolio Concentration

Top 3$579.04M13.4%

4–10$668.86M15.4%

11–25$993.50M22.9%

Rest$2.09B48.3%

Top 3 weight

13.4%

Top 10 weight

28.8%

Voting Authority Distribution

Total shares with voting rights: 3.49B

Sole

Full voting authority

2.31B

% of voting shares66.3%

Shared

Joint voting authority

118.40M

% of voting shares3.4%

None

No voting authority

1.06B

% of voting shares30.3%

Investment Discretion (by position count)

Sole207

Shared0

Other0

Dominant voting typeSole · 66.3% of voting shares

Institutional Holdings207

Rows:

BANK OF AMERICA CORP

SOLE

CONV PFD

Shares174.49K

TypeSH

Market value$211.57M

4.88%

Sole

117.69K

Shared

4.51K

None

52.28K

WELLS FARGO & COMPANY

SOLE

CONV PFD

Shares173.87K

TypeSH

Market value$206.03M

4.75%

Sole

115.45K

Shared

4.61K

None

53.81K

UBER TECHNOLOGIES INC

SOLE

CONV

Shares146.11M

TypePRN

Market value$161.45M

3.72%

Sole

133.72M

Shared

40K

None

12.34M

DEXCOM INC

SOLE

CONV

Shares125.69M

TypePRN

Market value$113.05M

2.61%

Sole

70.72M

Shared

4.32M

None

50.65M

PPL CAPITAL FUNDING INC

SOLE

CONV

Shares103.51M

TypePRN

Market value$108.34M

2.50%

Sole

73.99M

Shared

2.49M

None

27.02M

VENTAS REALTY LP

SOLE

CONV

Shares87.27M

TypePRN

Market value$99.66M

2.30%

Sole

81.25M

Shared

0.00

None

6.02M

CMS ENERGY CORP

SOLE

CONV

Shares88.53M

TypePRN

Market value$92.12M

2.13%

Sole

70.24M

Shared

127K

None

18.16M

APOLLO GLOBAL MANAGEMENT

SOLE

CONV PFD

Shares1.06M

TypeSH

Market value$91.99M

2.12%

Sole

958.75K

Shared

0.00

None

104.60K

CENTERPOINT ENERGY INC

SOLE

CONV

Shares83.75M

TypePRN

Market value$85.97M

1.98%

Sole

63.88M

Shared

2.40M

None

17.47M

WAYFAIR INC

SOLE

CONV

Shares72.74M

TypePRN

Market value$77.73M

1.79%

Sole

44.12M

Shared

3.21M

None

25.42M

SPOTIFY USA INC

SOLE

CONV

Shares70.22M

TypePRN

Market value$74.83M

1.73%

Sole

35.92M

Shared

3.50M

None

30.80M

BOEING CO/THE

SOLE

CONV PFD

Shares1.18M

TypeSH

Market value$72.89M

1.68%

Sole

1.12M

Shared

0.00

None

66.78K

DRAFTKINGS HOLDINGS INC

SOLE

CONV

Shares83.93M

TypePRN

Market value$71.84M

1.66%

Sole

43.92M

Shared

4.82M

None

35.18M

SOUTHWEST AIRLINES CO

SOLE

CONV

Shares69.29M

TypePRN

Market value$71.39M

1.65%

Sole

46.91M

Shared

2.44M

None

19.94M

NEXTERA ENERGY INC

SOLE

CONV PFD

Shares1.69M

TypeSH

Market value$69.47M

1.60%

Sole

1.52M

Shared

0.00

None

174.31K

SAREPTA THERAPEUTICS INC

SOLE

CONV

Shares61.33M

TypePRN

Market value$67.49M

1.56%

Sole

40.32M

Shared

2.04M

None

18.96M

PG&E CORP

SOLE

CONV

Shares61.94M

TypePRN

Market value$67.49M

1.56%

Sole

42.17M

Shared

180K

None

19.59M

BOOKING HOLDINGS INC

SOLE

CONV

Shares25.13M

TypePRN

Market value$66.41M

1.53%

Sole

23.40M

Shared

0.00

None

1.73M

DUKE ENERGY CORP

SOLE

CONV

Shares64.26M

TypePRN

Market value$66.18M

1.53%

Sole

59.66M

Shared

0.00

None

4.60M

ON SEMICONDUCTOR CORP

SOLE

CONV

Shares67.82M

TypePRN

Market value$64.11M

1.48%

Sole

31M

Shared

3.78M

None

33.04M

MARRIOTT VACATION WORLDW

SOLE

CONV

Shares67.75M

TypePRN

Market value$63.55M

1.47%

Sole

45.54M

Shared

1.95M

None

20.25M

UBER TECHNOLOGIES INC

SOLE

CONV

Shares62.30M

TypePRN

Market value$62.95M

1.45%

Sole

29.32M

Shared

3.77M

None

29.21M

BOFA FINANCE LLC

SOLE

CONV

Shares60.52M

TypePRN

Market value$61.94M

1.43%

Sole

40.57M

Shared

1.84M

None

18.10M

EXPEDIA GROUP INC

SOLE

CONV

Shares61.05M

TypePRN

Market value$60.86M

1.40%

Sole

43.70M

Shared

1.62M

None

15.72M

DIGITALOCEAN HOLDINGS

SOLE

CONV

Shares58.39M

TypePRN

Market value$52.12M

1.20%

Sole

30.87M

Shared

4.16M

None

23.37M

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
BANK OF AMERICA CORPSOLE	CONV PFD	174.49K	SH	$211.57M 4.88%	117.69K	4.51K	52.28K
WELLS FARGO & COMPANYSOLE	CONV PFD	173.87K	SH	$206.03M 4.75%	115.45K	4.61K	53.81K
UBER TECHNOLOGIES INCSOLE	CONV	146.11M	PRN	$161.45M 3.72%	133.72M	40K	12.34M
DEXCOM INCSOLE	CONV	125.69M	PRN	$113.05M 2.61%	70.72M	4.32M	50.65M
PPL CAPITAL FUNDING INCSOLE	CONV	103.51M	PRN	$108.34M 2.50%	73.99M	2.49M	27.02M
VENTAS REALTY LPSOLE	CONV	87.27M	PRN	$99.66M 2.30%	81.25M	0.00	6.02M
CMS ENERGY CORPSOLE	CONV	88.53M	PRN	$92.12M 2.13%	70.24M	127K	18.16M
APOLLO GLOBAL MANAGEMENTSOLE	CONV PFD	1.06M	SH	$91.99M 2.12%	958.75K	0.00	104.60K
CENTERPOINT ENERGY INCSOLE	CONV	83.75M	PRN	$85.97M 1.98%	63.88M	2.40M	17.47M
WAYFAIR INCSOLE	CONV	72.74M	PRN	$77.73M 1.79%	44.12M	3.21M	25.42M
SPOTIFY USA INCSOLE	CONV	70.22M	PRN	$74.83M 1.73%	35.92M	3.50M	30.80M
BOEING CO/THESOLE	CONV PFD	1.18M	SH	$72.89M 1.68%	1.12M	0.00	66.78K
DRAFTKINGS HOLDINGS INCSOLE	CONV	83.93M	PRN	$71.84M 1.66%	43.92M	4.82M	35.18M
SOUTHWEST AIRLINES COSOLE	CONV	69.29M	PRN	$71.39M 1.65%	46.91M	2.44M	19.94M
NEXTERA ENERGY INCSOLE	CONV PFD	1.69M	SH	$69.47M 1.60%	1.52M	0.00	174.31K
SAREPTA THERAPEUTICS INCSOLE	CONV	61.33M	PRN	$67.49M 1.56%	40.32M	2.04M	18.96M
PG&E CORPSOLE	CONV	61.94M	PRN	$67.49M 1.56%	42.17M	180K	19.59M
BOOKING HOLDINGS INCSOLE	CONV	25.13M	PRN	$66.41M 1.53%	23.40M	0.00	1.73M
DUKE ENERGY CORPSOLE	CONV	64.26M	PRN	$66.18M 1.53%	59.66M	0.00	4.60M
ON SEMICONDUCTOR CORPSOLE	CONV	67.82M	PRN	$64.11M 1.48%	31M	3.78M	33.04M
MARRIOTT VACATION WORLDWSOLE	CONV	67.75M	PRN	$63.55M 1.47%	45.54M	1.95M	20.25M
UBER TECHNOLOGIES INCSOLE	CONV	62.30M	PRN	$62.95M 1.45%	29.32M	3.77M	29.21M
BOFA FINANCE LLCSOLE	CONV	60.52M	PRN	$61.94M 1.43%	40.57M	1.84M	18.10M
EXPEDIA GROUP INCSOLE	CONV	61.05M	PRN	$60.86M 1.40%	43.70M	1.62M	15.72M
DIGITALOCEAN HOLDINGSSOLE	CONV	58.39M	PRN	$52.12M 1.20%	30.87M	4.16M	23.37M

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