13F HOLDINGS REPORT
ADVENT CAPITAL MANAGEMENT /DE/
Quarter ended Q4 2025 · Filed February 9, 2026 · Accession 0001140361-26-004346
Total Value
$4.98B
Positions
228
Other Managers
0
Confidential Omitted
No
Holdings (228)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF Trust | SPY | 700,000 | $477.3M | 9.59% |
| 2 | BANK OF AMERICA CORP | 060505682 | 157,311 | $197.0M | 3.96% |
| 3 | WELLS FARGO & COMPANY | 949746804 | 157,600 | $191.8M | 3.85% |
| 4 | UBER TECHNOLOGIES INC | UBER | 142,238,000 | $184.9M | 3.72% |
| 5 | GLOBAL PAYMENTS INC | 37940XAU6 | 119,816,000 | $108.4M | 2.18% |
| 6 | VENTAS REALTY LP | VTR | 73,569,000 | $104.3M | 2.10% |
| 7 | MERITAGE HOMES CORP | MTH | 105,126,000 | $104.2M | 2.09% |
| 8 | KKR & CO INC | KKRT | 1,997,547 | $103.7M | 2.08% |
| 9 | NEXTERA ENERGY INC | NEE-PW | 1,988,322 | $102.7M | 2.06% |
| 10 | APOLLO GLOBAL MANAGEMENT | 03769M304 | 1,277,582 | $96.4M | 1.94% |
| 11 | CMS ENERGY CORP | CMS-PC | 87,479,000 | $94.3M | 1.89% |
| 12 | NEXTERA ENERGY CAPITAL | NEE-PW | 65,080,000 | $81.6M | 1.64% |
| 13 | TYLER TECHNOLOGIES INC | 902252AB1 | 78,180,000 | $79.3M | 1.59% |
| 14 | PPL CAPITAL FUNDING INC | PPLC | 67,596,000 | $74.8M | 1.50% |
| 15 | DUKE ENERGY CORP | DUKB | 71,579,000 | $74.4M | 1.50% |
| 16 | LIVE NATION ENTERTAINMEN | LYV | 65,401,000 | $69.7M | 1.40% |
| 17 | SPDR S&P 500 ETF Trust | SPY | 100,000 | $68.2M | 1.37% |
| 18 | CENTERPOINT ENERGY INC | CNP | 58,536,000 | $65.1M | 1.31% |
| 19 | BOEING CO/THE | BA-PA | 849,161 | $59.0M | 1.19% |
| 20 | SOUTHERN CO | SOMN | 53,292,000 | $57.1M | 1.15% |
| 21 | LANTHEUS HOLDINGS INC | LNTH | 46,122,000 | $53.0M | 1.07% |
| 22 | AFFIRM HOLDINGS INC | AFRM | 45,578,000 | $50.6M | 1.02% |
| 23 | TETRA TECH INC | TTEK | 43,876,000 | $48.1M | 0.97% |
| 24 | BOX INC | BXCAP | 48,301,000 | $47.3M | 0.95% |
| 25 | ARES MANAGEMENT CORP | ARES-PB | 920,473 | $46.5M | 0.93% |
| 26 | SOUTHERN CO | SOMN | 916,989 | $45.6M | 0.92% |
| 27 | NUTANIX INC | NTNX | 40,522,000 | $45.6M | 0.92% |
| 28 | DRAFTKINGS HOLDINGS INC | DKNG | 49,037,000 | $44.9M | 0.90% |
| 29 | PROGRESS SOFTWARE CORP | 743312AD2 | 43,706,000 | $44.8M | 0.90% |
| 30 | SPDR S&P 500 ETF Trust | SPY | 60,000 | $40.9M | 0.82% |
| 31 | SUPER MICRO COMPUTER INC | SMCI | 45,147,000 | $40.8M | 0.82% |
| 32 | MARRIOTT VACATION WORLDW | VAC | 42,082,000 | $40.1M | 0.81% |
| 33 | DATADOG INC | DDOG | 37,409,000 | $37.5M | 0.75% |
| 34 | PG&E CORP | PCG-PX | 36,095,000 | $37.3M | 0.75% |
| 35 | SNOWFLAKE INC | SNOW | 24,026,000 | $37.2M | 0.75% |
| 36 | Q2 HOLDINGS INC | QTWO | 34,948,000 | $35.4M | 0.71% |
| 37 | WORKIVA INC | WK | 35,404,000 | $35.2M | 0.71% |
| 38 | HP ENTERPRISE CO | HPE-PC | 527,546 | $34.9M | 0.70% |
| 39 | PARSONS CORP | PSN | 33,316,000 | $34.6M | 0.70% |
| 40 | AKAMAI TECHNOLOGIES INC | AKAM | 34,451,000 | $34.3M | 0.69% |
| 41 | ON SEMICONDUCTOR CORP | ON | 28,682,000 | $34.2M | 0.69% |
| 42 | WEC ENERGY GROUP INC | WEC | 28,784,000 | $33.8M | 0.68% |
| 43 | NOVANTA INC | NOVTU | 581,990 | $31.7M | 0.64% |
| 44 | BRUKER CORP | BRKRP | 86,679 | $31.5M | 0.63% |
| 45 | ITRON INC | ITRI | 30,415,000 | $31.0M | 0.62% |
| 46 | MICROCHIP TECHNOLOGY INC | MCHPP | 529,956 | $31.0M | 0.62% |
| 47 | Cisco Systems Inc | CSCO | 400,000 | $30.8M | 0.62% |
| 48 | ON SEMICONDUCTOR CORP | ON | 31,555,000 | $30.0M | 0.60% |
| 49 | PENNYMAC CORP | 70932AAH6 | 27,466,000 | $29.4M | 0.59% |
| 50 | NORTHERN OIL & GAS INC | NOG | 29,815,000 | $29.1M | 0.58% |
| 51 | UPWORK INC | UPWK | 28,914,000 | $28.3M | 0.57% |
| 52 | BLACKLINE INC | BL | 25,656,000 | $27.1M | 0.55% |
| 53 | FORD MOTOR COMPANY | 345370CZ1 | 25,868,000 | $26.9M | 0.54% |
| 54 | REPLIGEN CORP | RGEN | 24,431,000 | $26.8M | 0.54% |
| 55 | Advent Convertible Bond ETF | 75526L845 | 990,250 | $26.5M | 0.53% |
| 56 | JAZZ INVESTMENTS I LTD | 472145AH4 | 19,332,000 | $26.0M | 0.52% |
| 57 | SHIFT4 PAYMENTS INC | 82452J307 | 323,380 | $25.9M | 0.52% |
| 58 | EXPEDIA GROUP INC | EXPE | 23,068,000 | $25.8M | 0.52% |
| 59 | FIVE9 INC | FIVN | 27,741,000 | $25.1M | 0.50% |
| 60 | SHIFT4 PAYMENTS INC | 82452JAD1 | 25,944,000 | $25.1M | 0.50% |
| 61 | TRIP.COM GROUP LTD | TRPCF | 19,947,000 | $24.6M | 0.49% |
| 62 | BILL HOLDINGS INC | BILL | 26,181,000 | $24.1M | 0.48% |
| 63 | SNAP INC | SNAP | 27,271,000 | $23.9M | 0.48% |
| 64 | BRIDGEBIO PHARMA INC | BBIO | 20,513,000 | $23.3M | 0.47% |
| 65 | VISHAY INTERTECHNOLOGY | VSH | 25,404,000 | $23.1M | 0.46% |
| 66 | ENPHASE ENERGY INC | ENPH | 26,389,000 | $23.1M | 0.46% |
| 67 | ETSY INC | ETSY | 24,534,000 | $22.8M | 0.46% |
| 68 | BLOCK INC | BSQKZ | 24,310,000 | $22.6M | 0.45% |
| 69 | AEROVIRONMENT INC | AVAV | 19,818,000 | $21.6M | 0.43% |
| 70 | LIVE NATION ENTERTAINMEN | LYV | 14,629,000 | $21.5M | 0.43% |
| 71 | ARRAY TECHNOLOGIES INC | ARRY | 23,121,000 | $21.0M | 0.42% |
| 72 | VERTEX INC | VERX | 21,751,000 | $20.7M | 0.42% |
| 73 | DEXCOM INC | DXCM | 22,321,000 | $20.6M | 0.41% |
| 74 | TRAVERE THERAPEUTICS INC | TVTX | 14,212,000 | $20.4M | 0.41% |
| 75 | VARONIS SYSTEM INC | VRNS | 21,261,000 | $19.9M | 0.40% |
| 76 | RIOT PLATFORMS INC | RIOT | 17,193,000 | $19.6M | 0.39% |
| 77 | PG&E CORP | PCG-PX | 466,504 | $19.2M | 0.38% |
| 78 | TELADOC HEALTH INC | TDOC | 19,706,000 | $18.8M | 0.38% |
| 79 | HAEMONETICS CORP | HAE | 17,981,000 | $18.8M | 0.38% |
| 80 | WINNEBAGO INDUSTRIES | 974637AF7 | 18,985,000 | $18.2M | 0.37% |
| 81 | FLUOR CORP | FLR | 15,247,000 | $17.5M | 0.35% |
| 82 | COINBASE GLOBAL INC | COIN | 16,969,000 | $17.0M | 0.34% |
| 83 | NUTANIX INC | NTNX | 17,518,000 | $16.9M | 0.34% |
| 84 | TANDEM DIABETES CARE INC | TNDM | 16,156,000 | $16.5M | 0.33% |
| 85 | SPOTIFY USA INC | 84921RAB6 | 14,525,000 | $16.5M | 0.33% |
| 86 | FRESHPET INC | FRPT | 13,767,000 | $16.2M | 0.33% |
| 87 | WESTERN DIGITAL CORP | WDC | 3,364,000 | $15.4M | 0.31% |
| 88 | EVOLENT HEALTH INC | EVH | 22,573,000 | $15.3M | 0.31% |
| 89 | WORKIVA INC | WK | 13,072,000 | $15.3M | 0.31% |
| 90 | ALIBABA GROUP HOLDING | BBAAY | 9,682,000 | $15.1M | 0.30% |
| 91 | QXO INC | QXO-PB | 265,400 | $14.7M | 0.30% |
| 92 | ENOVIS CORP | ENOV | 14,787,000 | $14.6M | 0.29% |
| 93 | NEOGENOMICS INC | NEO | 16,224,000 | $14.5M | 0.29% |
| 94 | SUNRUN INC | RUN | 10,085,000 | $14.5M | 0.29% |
| 95 | CLEANSPARK INC | CLSKW | 13,301,000 | $13.8M | 0.28% |
| 96 | GUIDEWIRE SOFTWARE INC | GWRE | 11,670,000 | $12.9M | 0.26% |
| 97 | EVOLENT HEALTH INC | EVH | 17,588,000 | $12.8M | 0.26% |
| 98 | MARA HOLDINGS INC | MARA | 14,435,000 | $12.1M | 0.24% |
| 99 | UGI CORP | 902681AB1 | 8,009,000 | $11.4M | 0.23% |
| 100 | NCL CORPORATION LTD | 62886HBD2 | 10,300,000 | $10.3M | 0.21% |
| 101 | JD.COM INC | JDCMF | 9,415,000 | $9.5M | 0.19% |
| 102 | AKAMAI TECHNOLOGIES INC | AKAM | 9,356,000 | $9.4M | 0.19% |
| 103 | APPLIED OPTOELECTRONICS | AAOI | 7,756,000 | $9.1M | 0.18% |
| 104 | SAREPTA THERAPEUTICS INC | SRPT | 10,085,000 | $9.0M | 0.18% |
| 105 | T1 ENERGY INC | TE-WT | 6,900,000 | $8.9M | 0.18% |
| 106 | ALLIANT ENERGY CORP | LNT | 8,319,000 | $8.8M | 0.18% |
| 107 | ETSY INC | ETSY | 8,537,000 | $8.6M | 0.17% |
| 108 | SOLARIS ENERGY INFRASTRU | SEI | 7,730,000 | $8.4M | 0.17% |
| 109 | STRATEGY INC | STRD | 105,738 | $8.4M | 0.17% |
| 110 | IONIS PHARMACEUTICALS IN | IONS | 5,056,000 | $8.1M | 0.16% |
| 111 | UPSTART HOLDINGS INC | UPST | 9,118,000 | $8.0M | 0.16% |
| 112 | SOLARIS ENERGY INFRASTRU | SEI | 3,905,000 | $7.8M | 0.16% |
| 113 | BOFA FINANCE LLC | 09709UV70 | 6,800,000 | $7.4M | 0.15% |
| 114 | STRATEGY INC | STRK | 7,094,000 | $7.3M | 0.15% |
| 115 | RIVIAN AUTO INC | RIVN | 6,433,000 | $7.3M | 0.15% |
| 116 | CAPITAL SOUTHWEST CORP | CSWC | 7,250,000 | $7.2M | 0.15% |
| 117 | RIVIAN AUTO INC | RIVN | 5,474,000 | $7.0M | 0.14% |
| 118 | Home Depot Inc/The | HD | 20,000 | $6.9M | 0.14% |
| 119 | SHAKE SHACK INC | SHAK | 7,159,000 | $6.8M | 0.14% |
| 120 | Norwegian Cruise Line Holdings | NCLH | 300,000 | $6.7M | 0.13% |
| 121 | PELOTON INTERACTIVE INC | PTON | 3,980,000 | $6.7M | 0.13% |
| 122 | INTEGER HOLDINGS CORP | ITGR | 5,714,000 | $6.5M | 0.13% |
| 123 | BLACKSTONE MORTGAGE TR | 09257WAE0 | 6,398,000 | $6.4M | 0.13% |
| 124 | UNITY SOFTWARE INC | U | 6,413,000 | $6.2M | 0.12% |
| 125 | ADVANCED ENERGY IND | 007973AE0 | 3,615,000 | $6.0M | 0.12% |
| 126 | FIRSTENERGY CORP | FE | 5,660,000 | $5.8M | 0.12% |
| 127 | MGP INGREDIENTS INC | MGPI | 5,900,000 | $5.7M | 0.12% |
| 128 | CERENCE INC | CRNC | 6,200,000 | $5.6M | 0.11% |
| 129 | SSR MINING INC | SSRGF | 4,208,000 | $5.5M | 0.11% |
| 130 | EVERGY INC | EVRG | 4,525,000 | $5.5M | 0.11% |
| 131 | LITHIUM ARGENTINA AG | LAR | 5,809,000 | $5.3M | 0.11% |
| 132 | LUMENTUM HOLDINGS INC | LITE | 1,001,000 | $5.3M | 0.11% |
| 133 | SIRIUS XM HOLDINGS | FWONB | 5,147,000 | $5.2M | 0.11% |
| 134 | PAGAYA TECHNOLOGIES LTD | 69549FAB5 | 2,822,000 | $5.2M | 0.10% |
| 135 | COGENT BIOSCIENCES INC | COGT | 4,400,000 | $5.2M | 0.10% |
| 136 | IMMUNOCORE HOLDINGS | IMCR | 5,600,000 | $5.1M | 0.10% |
| 137 | STRATEGY INC | STRD | 4,500,000 | $5.0M | 0.10% |
| 138 | THE REALREAL INC | 88339PAJ0 | 2,800,000 | $4.8M | 0.10% |
| 139 | SEAGATE HDD CAYMAN | SE | 1,400,000 | $4.7M | 0.09% |
| 140 | BOX INC | BXCAP | 3,950,000 | $4.6M | 0.09% |
| 141 | HALOZYME THERAPEUTICS IN | HALO | 4,266,000 | $4.6M | 0.09% |
| 142 | ALBEMARLE CORP | ALB-PA | 77,747 | $4.6M | 0.09% |
| 143 | ITRON INC | ITRI | 4,508,000 | $4.5M | 0.09% |
| 144 | COINBASE GLOBAL INC | COIN | 4,350,000 | $4.5M | 0.09% |
| 145 | SNAP INC | SNAP | 4,850,000 | $4.4M | 0.09% |
| 146 | RAPID7 INC | RPD | 4,426,000 | $4.2M | 0.08% |
| 147 | Eaton Corp PLC | ETN | 13,000 | $4.1M | 0.08% |
| 148 | GOSSAMER BIO INC | GOSS | 6,000,000 | $4.1M | 0.08% |
| 149 | Northrop Grumman Corp | NOC | 7,000 | $4.0M | 0.08% |
| 150 | Oracle Corp | ORCL-PD | 20,000 | $3.9M | 0.08% |
| 151 | AMPHASTAR PHARMACEUTICAL | AMPH | 4,086,000 | $3.8M | 0.08% |
| 152 | BENTLEY SYSTEMS INC | BSY | 3,741,000 | $3.7M | 0.08% |
| 153 | MKS INC | MKSI | 2,850,000 | $3.6M | 0.07% |
| 154 | PORCH GROUP INC | PRCH | 3,150,000 | $3.6M | 0.07% |
| 155 | MIRUM PHARMACEUTICALS | MIRM | 1,376,000 | $3.6M | 0.07% |
| 156 | BLOOM ENERGY CORP | BE | 832,000 | $3.6M | 0.07% |
| 157 | FASTLY INC | FSLY | 3,150,000 | $3.5M | 0.07% |
| 158 | Akamai Technologies Inc | AKAM | 40,000 | $3.5M | 0.07% |
| 159 | AbbVie Inc | ABBV | 15,000 | $3.4M | 0.07% |
| 160 | JAZZ INVESTMENTS I LTD | 472145AF8 | 2,886,000 | $3.3M | 0.07% |
| 161 | TXNM ENERGY INC | TXNM | 2,479,000 | $3.3M | 0.07% |
| 162 | PACIRA BIOSCIENCES INC | PCRX | 3,289,000 | $3.3M | 0.07% |
| 163 | SOFI TECHNOLOGIES INC | SOFI | 2,554,000 | $3.3M | 0.07% |
| 164 | GREEN PLAINS INC | GPRE | 3,100,000 | $3.3M | 0.07% |
| 165 | General Motors Co | 37045V100 | 40,000 | $3.3M | 0.07% |
| 166 | Vertiv Holdings Co | VRT | 20,000 | $3.2M | 0.07% |
| 167 | STARWOOD PROPERTY TRUST | STHO | 3,000,000 | $3.2M | 0.06% |
| 168 | Carnival Corp | CUKPF | 100,000 | $3.1M | 0.06% |
| 169 | UPSTART HOLDINGS INC | UPST | 2,315,000 | $2.9M | 0.06% |
| 170 | PNC Financial Services Group I | 693475105 | 14,000 | $2.9M | 0.06% |
| 171 | BANDWIDTH INC | BAND | 3,300,000 | $2.9M | 0.06% |
| 172 | Boston Scientific Corp | BSX | 30,000 | $2.9M | 0.06% |
| 173 | IRONWOOD PHARMACEUTICALS | IRWD | 3,000,000 | $2.8M | 0.06% |
| 174 | RAPID7 INC | RPD | 3,073,000 | $2.8M | 0.06% |
| 175 | LIBERTY MEDIA CORP | FWONB | 2,200,000 | $2.8M | 0.06% |
| 176 | Broadcom Inc | AVGO | 8,000 | $2.8M | 0.06% |
| 177 | STRIDE INC | LRN | 2,000,000 | $2.7M | 0.06% |
| 178 | DROPBOX INC | DBX | 2,604,000 | $2.6M | 0.05% |
| 179 | Royal Caribbean Cruises Ltd | V7780T103 | 9,000 | $2.5M | 0.05% |
| 180 | CYTOKINETICS INC | CYTK | 1,750,000 | $2.5M | 0.05% |
| 181 | BURLINGTON STORES INC | BURL | 1,500,000 | $2.2M | 0.04% |
| 182 | Alibaba Group Holding Ltd | BBAAY | 15,000 | $2.2M | 0.04% |
| 183 | ENPHASE ENERGY INC | ENPH | 2,175,000 | $2.2M | 0.04% |
| 184 | CELCUITY INC | CELC | 980,000 | $2.1M | 0.04% |
| 185 | VERITONE INC | VERI | 2,107,000 | $2.0M | 0.04% |
| 186 | BENTLEY SYSTEMS | BSY | 1,980,000 | $1.9M | 0.04% |
| 187 | PENNYMAC CORP | 70932AAF0 | 1,830,000 | $1.9M | 0.04% |
| 188 | REDWOOD TRUST INC | RWTQ | 1,800,000 | $1.8M | 0.04% |
| 189 | NABORS INDUSTRIES INC | 62957HAL9 | 2,103,000 | $1.7M | 0.03% |
| 190 | BRIGHTSPRING HEALTH SERV | 10950A205 | 13,528 | $1.7M | 0.03% |
| 191 | FLUENCE ENERGY INC | FLNC | 1,400,000 | $1.7M | 0.03% |
| 192 | EXACT SCIENCES CORP | 30063PAB1 | 1,570,000 | $1.6M | 0.03% |
| 193 | DIGITALOCEAN HOLDINGS | DOCN | 1,549,000 | $1.5M | 0.03% |
| 194 | Riot Platforms Inc | RIOT | 100,000 | $1.3M | 0.03% |
| 195 | SoFi Technologies Inc | SOFI | 45,000 | $1.2M | 0.02% |
| 196 | Bitdeer Technologies Group | BTDR | 105,000 | $1.2M | 0.02% |
| 197 | BLACKLINE INC | BL | 1,160,000 | $1.2M | 0.02% |
| 198 | CRACKER BARREL OLD COUNT | 22410JAB2 | 1,058,000 | $1.0M | 0.02% |
| 199 | CABLE ONE INC | CABO | 1,244,000 | $1.0M | 0.02% |
| 200 | Oracle Corp | ORCL-PD | 5,000 | $974,550 | 0.02% |
| 201 | MARA Holdings Inc | MARA | 100,000 | $898,000 | 0.02% |
| 202 | PENN ENTERTAINMENT INC | PENN | 872,000 | $867,936 | 0.02% |
| 203 | PINNACLE WEST CAPITAL | PNW | 790,000 | $847,071 | 0.02% |
| 204 | ZIFF DAVIS INC | ZD | 775,000 | $761,798 | 0.02% |
| 205 | Zoetis Inc | ZTS | 5,600 | $704,592 | 0.01% |
| 206 | Uniti Group Inc | UNIT | 100,000 | $701,000 | 0.01% |
| 207 | M/A-COM TECH SOLUTIONS | 55405YAB6 | 325,000 | $676,257 | 0.01% |
| 208 | HERBALIFE LTD | HLF | 554,000 | $601,925 | 0.01% |
| 209 | BRIDGEBIO PHARMA INC | BBIO | 300,000 | $568,778 | 0.01% |
| 210 | BigBear.ai Holdings Inc | BBAI-WT | 100,000 | $540,000 | 0.01% |
| 211 | AMC NETWORKS INC | 00164VAJ2 | 476,000 | $495,361 | 0.01% |
| 212 | Apellis Pharmaceuticals Inc | APLS | 18,000 | $452,160 | 0.01% |
| 213 | Esperion Therapeutics Inc | ESPR | 100,000 | $370,000 | 0.01% |
| 214 | Terawulf Inc | WULF | 30,000 | $344,700 | 0.01% |
| 215 | Esperion Therapeutics Inc | ESPR | 90,000 | $333,000 | 0.01% |
| 216 | HALOZYME THERAPEUTICS IN | HALO | 232,000 | $309,327 | 0.01% |
| 217 | CONFLUENT INC | 20717MAB9 | 285,000 | $277,448 | 0.01% |
| 218 | STRATEGY INC | STRD | 332,000 | $273,435 | 0.01% |
| 219 | MARA HOLDINGS INC | MARA | 325,000 | $264,921 | 0.01% |
| 220 | Lululemon Athletica Inc | LULU | 1,000 | $207,810 | 0.00% |
| 221 | Opendoor Technologies Inc | OPENZ | 20,000 | $116,600 | 0.00% |
| 222 | BIGBEAR.AI HOLDINGS INC | BBAI-WT | 18,260 | $29,218 | 0.00% |
| 223 | GAMESTOP CORP-CLASS A | GME-WT | 6,778 | $20,402 | 0.00% |
| 224 | AURORA INNOVATION INC | AUROW | 61,500 | $13,844 | 0.00% |
| 225 | EURONET WORLDWIDE INC | EEFT | 4,000 | $3,403 | 0.00% |
| 226 | OPENDOOR TECHNOLOGIES INC | OPENZ | 1,199 | $1,079 | 0.00% |
| 227 | OPENDOOR TECHNOLOGIES INC | OPENZ | 1,199 | $624 | 0.00% |
| 228 | OPENDOOR TECHNOLOGIES INC | OPENZ | 1,199 | $479 | 0.00% |