ADVENT CAPITAL MANAGEMENT /DE/
•CIK: 1097278•Filing: Q4 2025
Advent Capital Management, with $5.0B in assets under management, is known for its concentrated, high-conviction equity strategy, currently holding 224 positions. Recently, the fund has increased its exposure to SPY by 457% and OILU by 270%, while exiting positions in BEN and BACRP, reflecting a focus on large-cap growth and energy sectors.
Total AUM
$1.1B
+ $647.1M in options
QoQ Performance
+5.8%
Positions
37
+ 15 options
Top 10 Concentration
83.5%
Latest Filing
Q4 2025
Top Holdings Allocation
SPY
BAC 7.25 PERP L
WFC 7.5 PERP L
KKR 6.25 03/01/28 D
NEE 7.299 06/01/27
APO 6.75 07/31/26
SPY33.4%
BAC 7.25 PERP L11.2%
WFC 7.5 PERP L10.9%
KKR 6.25 03/01/28 D5.9%
NEE 7.299 06/01/275.9%
APO 6.75 07/31/265.5%
BA 6 10/15/273.4%
ARES 6.75 10/01/27 B2.7%
📈 Biggest Buys
+444.3%
33.4% of portfolio
SO 7.125 12/15/28 A
SOUTHERN CO
NEW
2.6% of portfolio
NOVT 6.5 11/01/28
NOVANTA INC
NEW
1.8% of portfolio
NEW
1.8% of portfolio
HPE 7.625 09/01/27
HP ENTERPRISE CO
+95.3%
2.0% of portfolio
📉 Biggest Sells
BAC 7.25 PERP L
BANK OF AMERICA CORP
-10.9%
11.2% of portfolio
WFC 7.5 PERP L
WELLS FARGO & COMPANY
-10.0%
10.9% of portfolio
BRKR 6.375 09/01/28
BRUKER CORP
-23.0%
1.8% of portfolio
NEE 7.299 06/01/27
NEXTERA ENERGY INC
-6.2%
5.9% of portfolio
APO 6.75 07/31/26
APOLLO GLOBAL MANAGEMENT
-3.3%
5.5% of portfolio
Sector Breakdown
Other63.7%
ETF33.4%
Technology2.2%
Consumer0.5%
Healthcare0.2%
🚪 Exited Positionssold since Q3 2025
+21 more exited positions
Changes from Q3 2025
NEW23 new positions
↑18 increased
↓8 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023