Filed: 11/13/2025ACC: 0001140361-25-041917
📋 What this filing means
ADVENT CAPITAL MANAGEMENT /DE/ filed this quarterly 13F‑HR report disclosing 219 equity positions with a total reported market value of $4.59B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
219
Positions
$4.59B
Total AUM (reported)
3.22B
Total Shares
Allocation by class
CONV$3.40B74.2%
CONV PFD$975.02M21.3%
COM$208.36M4.5%
Portfolio Concentration
Top 3$623.84M13.6%
4–10$780.99M17.0%
11–25$952.92M20.8%
Rest$2.23B48.6%
Top 3 weight
13.6%
Top 10 weight
30.6%
Voting Authority Distribution
Total shares with voting rights: 3.22B
Sole
Full voting authority
2.08B
shares
% of voting shares64.8%
Shared
Joint voting authority
102.24M
shares
% of voting shares3.2%
None
No voting authority
1.03B
shares
% of voting shares32.1%
Investment Discretion (by position count)
Sole219
Shared0
Other0
Dominant voting typeSole · 64.8% of voting shares
Institutional Holdings219
Rows:
BANK OF AMERICA CORP
SOLEShares176.51K
TypeSH
Market value$223.28M
4.87%
Sole
116.86K
Shared
4.12K
None
55.53K
WELLS FARGO & COMPANY
SOLEShares175.05K
TypeSH
Market value$215.83M
4.70%
Sole
111.30K
Shared
4.42K
None
59.33K
UBER TECHNOLOGIES INC
SOLEShares125.45M
TypePRN
Market value$184.73M
4.03%
Sole
116.35M
Shared
348K
None
8.75M
VENTAS REALTY LP
SOLEShares102.87M
TypePRN
Market value$133.11M
2.90%
Sole
93.86M
Shared
429K
None
8.58M
GLOBAL PAYMENTS INC
SOLEShares140.50M
TypePRN
Market value$128.95M
2.81%
Sole
111.81M
Shared
1.51M
None
27.18M
MERITAGE HOMES CORP
SOLEShares111.69M
TypePRN
Market value$114.87M
2.50%
Sole
79.37M
Shared
1.61M
None
30.72M
NEXTERA ENERGY INC
SOLEShares2.12M
TypeSH
Market value$105.44M
2.30%
Sole
1.81M
Shared
19.72K
None
286.70K
SPDR S&P 500 ETF Trust
SOLEShares158K
TypeSH
Market value$105.26M
2.29%
Sole
158K
Shared
0.00
None
0.00
DUKE ENERGY CORP
SOLEShares93.91M
TypePRN
Market value$100.93M
2.20%
Sole
85.04M
Shared
513K
None
8.36M
APOLLO GLOBAL MANAGEMENT
SOLEShares1.32M
TypeSH
Market value$92.44M
2.01%
Sole
1.18M
Shared
8K
None
136.95K
KKR & CO INC
SOLEShares1.77M
TypeSH
Market value$92.14M
2.01%
Sole
1.61M
Shared
13.20K
None
150.47K
PPL CAPITAL FUNDING INC
SOLEShares77.09M
TypePRN
Market value$88.09M
1.92%
Sole
68.09M
Shared
477K
None
8.52M
CMS ENERGY CORP
SOLEShares77.73M
TypePRN
Market value$85.31M
1.86%
Sole
70.23M
Shared
474K
None
7.03M
NEXTERA ENERGY CAPITAL
SOLEShares58.20M
TypePRN
Market value$68.89M
1.50%
Sole
58.20M
Shared
0.00
None
0.00
EXPEDIA GROUP INC
SOLEShares66.70M
TypePRN
Market value$67.34M
1.47%
Sole
40.52M
Shared
1.20M
None
24.98M
PROGRESS SOFTWARE CORP
SOLEShares64.63M
TypePRN
Market value$65.16M
1.42%
Sole
35.42M
Shared
2.66M
None
26.55M
DRAFTKINGS HOLDINGS INC
SOLEShares66.63M
TypePRN
Market value$59.97M
1.31%
Sole
26.75M
Shared
3.63M
None
36.25M
SHIFT4 PAYMENTS INC
SOLEShares60.16M
TypePRN
Market value$59.35M
1.29%
Sole
27.15M
Shared
2.83M
None
30.18M
CENTERPOINT ENERGY INC
SOLEShares52.08M
TypePRN
Market value$57.93M
1.26%
Sole
47.81M
Shared
447K
None
3.82M
BOEING CO/THE
SOLEShares819.77K
TypeSH
Market value$56.39M
1.23%
Sole
675.92K
Shared
17.14K
None
126.71K
BOX INC
SOLEShares54.87M
TypePRN
Market value$55.28M
1.20%
Sole
26.93M
Shared
1.23M
None
26.70M
LANTHEUS HOLDINGS INC
SOLEShares52.32M
TypePRN
Market value$55.16M
1.20%
Sole
32.73M
Shared
1.90M
None
17.69M
TETRA TECH INC
SOLEShares44.87M
TypePRN
Market value$48.63M
1.06%
Sole
39.75M
Shared
356K
None
4.76M
SOUTHERN CO
SOLEShares43.58M
TypePRN
Market value$48.55M
1.06%
Sole
37.63M
Shared
410K
None
5.54M
FIVE9 INC
SOLEShares50.34M
TypePRN
Market value$44.73M
0.97%
Sole
20M
Shared
2.94M
None
27.41M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BANK OF AMERICA CORPSOLE | CONV PFD | 176.51K | SH | $223.28M 4.87% | 116.86K | 4.12K | 55.53K |
WELLS FARGO & COMPANYSOLE | CONV PFD | 175.05K | SH | $215.83M 4.70% | 111.30K | 4.42K | 59.33K |
UBER TECHNOLOGIES INCSOLE | CONV | 125.45M | PRN | $184.73M 4.03% | 116.35M | 348K | 8.75M |
VENTAS REALTY LPSOLE | CONV | 102.87M | PRN | $133.11M 2.90% | 93.86M | 429K | 8.58M |
GLOBAL PAYMENTS INCSOLE | CONV | 140.50M | PRN | $128.95M 2.81% | 111.81M | 1.51M | 27.18M |
MERITAGE HOMES CORPSOLE | CONV | 111.69M | PRN | $114.87M 2.50% | 79.37M | 1.61M | 30.72M |
NEXTERA ENERGY INCSOLE | CONV PFD | 2.12M | SH | $105.44M 2.30% | 1.81M | 19.72K | 286.70K |
SPDR S&P 500 ETF TrustSOLE | COM | 158K | SH | $105.26M 2.29% | 158K | 0.00 | 0.00 |
DUKE ENERGY CORPSOLE | CONV | 93.91M | PRN | $100.93M 2.20% | 85.04M | 513K | 8.36M |
APOLLO GLOBAL MANAGEMENTSOLE | CONV PFD | 1.32M | SH | $92.44M 2.01% | 1.18M | 8K | 136.95K |
KKR & CO INCSOLE | CONV PFD | 1.77M | SH | $92.14M 2.01% | 1.61M | 13.20K | 150.47K |
PPL CAPITAL FUNDING INCSOLE | CONV | 77.09M | PRN | $88.09M 1.92% | 68.09M | 477K | 8.52M |
CMS ENERGY CORPSOLE | CONV | 77.73M | PRN | $85.31M 1.86% | 70.23M | 474K | 7.03M |
NEXTERA ENERGY CAPITALSOLE | CONV | 58.20M | PRN | $68.89M 1.50% | 58.20M | 0.00 | 0.00 |
EXPEDIA GROUP INCSOLE | CONV | 66.70M | PRN | $67.34M 1.47% | 40.52M | 1.20M | 24.98M |
PROGRESS SOFTWARE CORPSOLE | CONV | 64.63M | PRN | $65.16M 1.42% | 35.42M | 2.66M | 26.55M |
DRAFTKINGS HOLDINGS INCSOLE | CONV | 66.63M | PRN | $59.97M 1.31% | 26.75M | 3.63M | 36.25M |
SHIFT4 PAYMENTS INCSOLE | CONV | 60.16M | PRN | $59.35M 1.29% | 27.15M | 2.83M | 30.18M |
CENTERPOINT ENERGY INCSOLE | CONV | 52.08M | PRN | $57.93M 1.26% | 47.81M | 447K | 3.82M |
BOEING CO/THESOLE | CONV PFD | 819.77K | SH | $56.39M 1.23% | 675.92K | 17.14K | 126.71K |
BOX INCSOLE | CONV | 54.87M | PRN | $55.28M 1.20% | 26.93M | 1.23M | 26.70M |
LANTHEUS HOLDINGS INCSOLE | CONV | 52.32M | PRN | $55.16M 1.20% | 32.73M | 1.90M | 17.69M |
TETRA TECH INCSOLE | CONV | 44.87M | PRN | $48.63M 1.06% | 39.75M | 356K | 4.76M |
SOUTHERN COSOLE | CONV | 43.58M | PRN | $48.55M 1.06% | 37.63M | 410K | 5.54M |
FIVE9 INCSOLE | CONV | 50.34M | PRN | $44.73M 0.97% | 20M | 2.94M | 27.41M |
Page 1 of 9
…