ADVENT CAPITAL MANAGEMENT /DE/

PrivateCIK: 1097278

Location

NEW YORK, NY

213

Positions

$3.63B

Total AUM (reported)

2.32B

Total Shares

Allocation by class

CONV$2.50B69.1%

CONV PFD$787.46M21.7%

COM$334.36M9.2%

Portfolio Concentration

Top 3$544.05M15.0%

4–10$618.05M17.0%

11–25$772.72M21.3%

Rest$1.69B46.6%

Top 3 weight

15.0%

Top 10 weight

32.0%

Voting Authority Distribution

Total shares with voting rights: 2.32B

Sole

Full voting authority

1.35B

% of voting shares58.3%

Shared

Joint voting authority

93.76M

% of voting shares4.0%

None

No voting authority

874.82M

% of voting shares37.7%

Investment Discretion (by position count)

Sole213

Shared0

Other0

Dominant voting typeSole · 58.3% of voting shares

Institutional Holdings213

Rows:

State Street SPDR S&P 500 ETF

SOLE

COM

Shares342.50K

TypeSH

Market value$222.74M

6.14%

Sole

342.50K

Shared

0.00

None

0.00

BANK OF AMERICA CORP

SOLE

CONV PFD

Shares149.17K

TypeSH

Market value$177.99M

4.91%

Sole

87.03K

Shared

4.27K

None

57.87K

UBER TECHNOLOGIES INC

SOLE

CONV

Shares118.72M

TypePRN

Market value$143.31M

3.95%

Sole

101.83M

Shared

562K

None

16.33M

NEXTERA ENERGY INC

SOLE

CONV PFD

Shares1.94M

TypeSH

Market value$109.52M

3.02%

Sole

1.69M

Shared

13.39K

None

234.18K

VENTAS REALTY LP

SOLE

CONV

Shares61.85M

TypePRN

Market value$92.89M

2.56%

Sole

56.48M

Shared

262K

None

5.11M

GLOBAL PAYMENTS INC

SOLE

CONV

Shares100.27M

TypePRN

Market value$88.67M

2.45%

Sole

73.72M

Shared

1.76M

None

24.80M

CMS ENERGY CORP

SOLE

CONV

Shares74.23M

TypePRN

Market value$85.02M

2.34%

Sole

67M

Shared

496K

None

6.74M

PPL CAPITAL FUNDING INC

SOLE

CONV

Shares70.44M

TypePRN

Market value$82.70M

2.28%

Sole

61.47M

Shared

496K

None

8.48M

KKR & CO INC

SOLE

CONV PFD

Shares2.05M

TypeSH

Market value$82.54M

2.28%

Sole

1.85M

Shared

14.23K

None

185.62K

APOLLO GLOBAL MANAGEMENT

SOLE

CONV PFD

Shares1.30M

TypeSH

Market value$76.71M

2.12%

Sole

1.17M

Shared

None

126.84K

DATADOG INC

SOLE

CONV

Shares78.72M

TypePRN

Market value$76.38M

2.11%

Sole

31.23M

Shared

3.57M

None

43.92M

AFFIRM HOLDINGS INC

SOLE

CONV

Shares66.32M

TypePRN

Market value$62.37M

1.72%

Sole

29.11M

Shared

2.97M

None

34.24M

SOUTHERN CO

SOLE

CONV PFD

Shares1.12M

TypeSH

Market value$58.07M

1.60%

Sole

932.92K

Shared

9.25K

None

179.20K

BOEING CO/THE

SOLE

CONV PFD

Shares867.18K

TypeSH

Market value$56.35M

1.55%

Sole

715.56K

Shared

22.61K

None

129.01K

AEROVIRONMENT INC

SOLE

CONV

Shares57.26M

TypePRN

Market value$56.17M

1.55%

Sole

26.97M

Shared

1.80M

None

28.50M

MERITAGE HOMES CORP

SOLE

CONV

Shares52.84M

TypePRN

Market value$51.50M

1.42%

Sole

35.98M

Shared

986K

None

15.87M

CENTERPOINT ENERGY INC

SOLE

CONV

Shares41.17M

TypePRN

Market value$49.14M

1.36%

Sole

38.64M

Shared

0.00

None

2.53M

NEXTERA ENERGY CAPITAL

SOLE

CONV

Shares35.12M

TypePRN

Market value$48.86M

1.35%

Sole

29.09M

Shared

0.00

None

6.03M

LANTHEUS HOLDINGS INC

SOLE

CONV

Shares39.93M

TypePRN

Market value$48.34M

1.33%

Sole

20.84M

Shared

1.45M

None

17.64M

SOUTHERN CO

SOLE

CONV

Shares42.83M

TypePRN

Market value$48.19M

1.33%

Sole

40.09M

Shared

327K

None

2.41M

PG&E CORP

SOLE

CONV

Shares44.63M

TypePRN

Market value$46.88M

1.29%

Sole

12.91M

Shared

2.30M

None

29.41M

SUPER MICRO COMPUTER INC

SOLE

CONV

Shares54.49M

TypePRN

Market value$43.74M

1.21%

Sole

20M

Shared

2.81M

None

31.69M

MICROCHIP TECHNOLOGY INC

SOLE

CONV PFD

Shares760.73K

TypeSH

Market value$43.45M

1.20%

Sole

536.05K

Shared

10.40K

None

214.28K

TETRA TECH INC

SOLE

CONV

Shares39.83M

TypePRN

Market value$41.90M

1.16%

Sole

31.23M

Shared

252K

None

8.35M

WEC ENERGY GROUP INC

SOLE

CONV

Shares33.03M

TypePRN

Market value$41.38M

1.14%

Sole

29.16M

Shared

0.00

None

3.87M

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
State Street SPDR S&P 500 ETFSOLE	COM	342.50K	SH	$222.74M 6.14%	342.50K	0.00	0.00
BANK OF AMERICA CORPSOLE	CONV PFD	149.17K	SH	$177.99M 4.91%	87.03K	4.27K	57.87K
UBER TECHNOLOGIES INCSOLE	CONV	118.72M	PRN	$143.31M 3.95%	101.83M	562K	16.33M
NEXTERA ENERGY INCSOLE	CONV PFD	1.94M	SH	$109.52M 3.02%	1.69M	13.39K	234.18K
VENTAS REALTY LPSOLE	CONV	61.85M	PRN	$92.89M 2.56%	56.48M	262K	5.11M
GLOBAL PAYMENTS INCSOLE	CONV	100.27M	PRN	$88.67M 2.45%	73.72M	1.76M	24.80M
CMS ENERGY CORPSOLE	CONV	74.23M	PRN	$85.02M 2.34%	67M	496K	6.74M
PPL CAPITAL FUNDING INCSOLE	CONV	70.44M	PRN	$82.70M 2.28%	61.47M	496K	8.48M
KKR & CO INCSOLE	CONV PFD	2.05M	SH	$82.54M 2.28%	1.85M	14.23K	185.62K
APOLLO GLOBAL MANAGEMENTSOLE	CONV PFD	1.30M	SH	$76.71M 2.12%	1.17M	8K	126.84K
DATADOG INCSOLE	CONV	78.72M	PRN	$76.38M 2.11%	31.23M	3.57M	43.92M
AFFIRM HOLDINGS INCSOLE	CONV	66.32M	PRN	$62.37M 1.72%	29.11M	2.97M	34.24M
SOUTHERN COSOLE	CONV PFD	1.12M	SH	$58.07M 1.60%	932.92K	9.25K	179.20K
BOEING CO/THESOLE	CONV PFD	867.18K	SH	$56.35M 1.55%	715.56K	22.61K	129.01K
AEROVIRONMENT INCSOLE	CONV	57.26M	PRN	$56.17M 1.55%	26.97M	1.80M	28.50M
MERITAGE HOMES CORPSOLE	CONV	52.84M	PRN	$51.50M 1.42%	35.98M	986K	15.87M
CENTERPOINT ENERGY INCSOLE	CONV	41.17M	PRN	$49.14M 1.36%	38.64M	0.00	2.53M
NEXTERA ENERGY CAPITALSOLE	CONV	35.12M	PRN	$48.86M 1.35%	29.09M	0.00	6.03M
LANTHEUS HOLDINGS INCSOLE	CONV	39.93M	PRN	$48.34M 1.33%	20.84M	1.45M	17.64M
SOUTHERN COSOLE	CONV	42.83M	PRN	$48.19M 1.33%	40.09M	327K	2.41M
PG&E CORPSOLE	CONV	44.63M	PRN	$46.88M 1.29%	12.91M	2.30M	29.41M
SUPER MICRO COMPUTER INCSOLE	CONV	54.49M	PRN	$43.74M 1.21%	20M	2.81M	31.69M
MICROCHIP TECHNOLOGY INCSOLE	CONV PFD	760.73K	SH	$43.45M 1.20%	536.05K	10.40K	214.28K
TETRA TECH INCSOLE	CONV	39.83M	PRN	$41.90M 1.16%	31.23M	252K	8.35M
WEC ENERGY GROUP INCSOLE	CONV	33.03M	PRN	$41.38M 1.14%	29.16M	0.00	3.87M

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