SEC 13F Intelligence

Managers / Q1 2025 · view latest →

ADVENT CAPITAL MANAGEMENT /DE/

CIK 0001097278 · 888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK, NY, 10019 · 2124821600

Reported Value
$4.6B
Q1 2025
Positions
214
Filings on Record
31
2019–present window
Filed
May 12, 2025
original filing

Summary

Advent Capital Management /De/ reported $4.6B in U.S.-listed holdings across 214 positions for Q1 2025.

Its largest position, Wells Fargo Company, represents 4.7% of the portfolio.

Compared with Q4 2024, the fund opened 50 new positions and exited 49.

Portfolio Metrics

Turnover
+22.8%
vs prior filed quarter
Top-10 Concentration
+28.3%
share of reported value
Largest Position
+4.7%
Wells Fargo Company
New / Exited
50 / 49
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $4.1BQ4 ’18Q1 ’19: $4.5BQ2 ’19: $5.2BQ3 ’19: $5.3BQ4 ’19: $5.2BQ4 ’19Q1 ’20: $4.6BQ2 ’20: $4.3BQ3 ’20: $4.5BQ4 ’20: $4.7BQ4 ’20Q1 ’21: $4.6BQ2 ’21: $5.1BQ3 ’21: $5.4BQ4 ’21: $5.9BQ4 ’21Q1 ’22: $6.3BQ2 ’22: $5.7BQ3 ’22: $5.5BQ4 ’22: $5.8BQ4 ’22Q1 ’23: $5.3BQ2 ’23: $5.2BQ3 ’23: $4.3BQ4 ’23: $4.4BQ4 ’23Q1 ’24: $3.9BQ2 ’24: $4.2BQ3 ’24: $4.1BQ4 ’24: $4.3BQ4 ’24Q1 ’25: $4.6BQ2 ’25: $4.7BQ3 ’25: $4.6BQ4 ’25: $5.0BQ4 ’25Q1 ’26: $3.6Bfilingsflow.com

Portfolio Composition

By security type
US DOMESTIC: 74.4%PUBLIC: 19.3%ETP: 3.6%Common Stock: 1.4%GLOBAL: 0.6%Other: 0.7%
  • US DOMESTIC · 74.4% · $3.4B
  • PUBLIC · 19.3% · $881M
  • ETP · 3.6% · $165M
  • Common Stock · 1.4% · $62M
  • GLOBAL · 0.6% · $30M
  • Other · 0.7% · $30M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLOBAL PAYMENTS INCNEW+162.25M162.25M+$154M$154M
NEXTERA ENERGY CAPITALNEW+48.54M48.54M+$56M$56M
KKR & CO INCNEW+1.14M1.14M+$55M$55M
LYFT INCNEW+49.86M49.86M+$48M$48M
COINBASE GLOBAL INCNEW+50.60M50.60M+$47M$47M
SUPER MICRO COMPUTER INCNEW+39.86M39.86M+$39M$39M
MICROCHIP TECHNOLOGY INCNEW+640.0K640.0K+$32M$32M
WINNEBAGO INDUSTRIESNEW+32.11M32.11M+$28M$28M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UBER TECHNOLOGIES INCCONV4.74%$216M182.78M
2WELLS FARGO & COMPANYCONV PFD4.72%$215M179.7K
3BANK OF AMERICA CORPCONV PFD4.71%$215M173.5K
4GLOBAL PAYMENTS INCCONV3.37%$154M162.25M
5VENTAS REALTY LPCONV2.63%$120M92.98M
6NEXTERA ENERGY INCCONV PFD2.52%$115M2.67M
7AKAMAI TECHNOLOGIES INCCONV2.50%$114M118.71M
8ON SEMICONDUCTOR CORPCONV1.97%$90M96.17M
9CMS ENERGY CORPCONV1.91%$87M78.63M
10DUKE ENERGY CORPCONV1.90%$87M79.84M
11DEXCOM INCCONV1.84%$84M93.39M
12COINBASE GLOBAL INCCONV1.82%$83M87.62M
13APOLLO GLOBAL MANAGEMENTCONV PFD1.76%$80M1.10M
14DIGITALOCEAN HOLDINGSCONV1.57%$72M76.92M
15RIVIAN AUTO INCCONV1.56%$71M77.19M
16EXPEDIA GROUP INCCONV1.55%$71M71.61M
17PG&E CORPCONV1.54%$70M66.51M
18WAYFAIR INCCONV1.52%$70M68.04M
19DRAFTKINGS HOLDINGS INCCONV1.48%$67M77.02M
20PPL CAPITAL FUNDING INCCONV1.45%$66M58.86M
21BOEING CO/THECONV PFD1.33%$61M1.03M
22BOOKING HOLDINGS INCCONV1.25%$57M23.21M
23NEXTERA ENERGY CAPITALCONV1.23%$56M48.54M
24NCL CORPORATION LTDCONV1.22%$56M57.10M
25KKR & CO INCCONV PFD1.22%$55M1.14M
26LYFT INCCONV1.06%$48M49.86M
27ITRON INCCONV1.05%$48M46.28M
28CENTERPOINT ENERGY INCCONV0.99%$45M41.75M
29SAREPTA THERAPEUTICS INCCONV0.97%$44M47.67M
30AIRBNB INCCONV0.94%$43M44.70M
31ARES MANAGEMENT CORPCONV PFD0.93%$42M881.0K
32PENN ENTERTAINMENT INCCONV0.92%$42M40.74M
33MARRIOTT VACATION WORLDWCONV0.86%$39M42.41M
34SUPER MICRO COMPUTER INCCONV0.85%$39M39.86M
35ARRAY TECHNOLOGIES INCCONV0.83%$38M51.13M
36BENTLEY SYSTEMS INCCONV0.83%$38M38.88M
37TELADOC HEALTH INCCONV0.81%$37M40.15M
38WESTERN DIGITAL CORPCONV0.79%$36M27.95M
39AMERICAN WATER CAPITAL CCONV0.78%$36M34.78M
40LUMENTUM HOLDINGS INCCONV0.78%$36M38.44M
41CONFLUENT INCCONV0.74%$34M36.51M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.6B215May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.0B228Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.6B227Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.7B237Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.6B214May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.3B209Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.1B227Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.2B198Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.9B187May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.4B184Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.3B201Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$5.2B231Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$5.3B220May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$5.8B253Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.5B236Nov 15, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$5.7B250Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$6.3B276May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$5.9B288Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.4B271Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.1B262Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$4.6B254May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.7B200Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.5B175Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.3B174Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$4.6B200May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$5.2B215Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$5.3B216Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$5.2B203Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.5B218May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$4.1B252Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.