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ADVENT CAPITAL MANAGEMENT /DE/

888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK, NY 10019 • 2124821600

Q2 2025 · Filed 2025-08-13
Market Value
$680M
+3.8%
Holdings
51
+8
New Purchases
22
Added To
4
Closed
12
Reduced
9
Top 10 Concentration
93.2%
Turnover
66.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ACVT 3.81% 0.00% +3.81% $26M
META 0.65% 0.00% +0.65% $4M
APO-PA 12.90% 12.29% +0.62% $88M
AMGN 0.62% 0.00% +0.62% $4M
GTLS-PB 2.11% 1.50% +0.61% $14M
IBM 0.61% 0.00% +0.61% $4M
RH 0.56% 0.00% +0.56% $4M
WHR 0.52% 0.00% +0.52% $4M
MGM 0.48% 0.00% +0.48% $3M
JPM 0.43% 0.00% +0.43% $3M
T 0.43% 0.00% +0.43% $3M
TOL 0.42% 0.00% +0.42% $3M
NVDA 0.35% 0.00% +0.35% $2M
AMZN 0.32% 0.00% +0.32% $2M
STRK 0.71% 0.46% +0.25% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BAC-PL 30.48% 32.82% -2.35% $207M
WFC-PL 31.01% 32.90% -1.89% $211M
NEE-PR 10.28% 11.03% -0.74% $70M
BTSGU 0.25% 0.99% -0.74% $2M
NOC 0.00% 0.55% -0.55% $0
NFLX 0.00% 0.50% -0.50% $0
GE 0.00% 0.49% -0.49% $0
OGN 0.00% 0.45% -0.45% $0
LLY 0.00% 0.44% -0.44% $0
VLO 0.00% 0.40% -0.40% $0
PH 0.00% 0.37% -0.37% $0
SRPT 0.00% 0.36% -0.36% $0
MTB 0.00% 0.33% -0.33% $0
C 0.00% 0.33% -0.33% $0
LOW 0.33% 0.64% -0.31% $2M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 80.6%
Technology 6.2%
Industrials 4.9%
Consumer Cyclical 3.6%
Healthcare 2.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $438M 64.5%
Large Cap 20 $188M 27.6%
Mid Cap 11 $27M 3.9%
Small Cap 6 $1M 0.2%
Micro Cap 2 $26M 3.8%

Portfolio Analytics

Avg Market Cap
$328.1B
Median Market Cap
$34.1B
Avg P/E
26.8
Median P/E
21.9
Avg Dividend Yield
0.02%
Avg Beta
1.24
# Stocks
50
# ETFs / Funds
1

Top Holdings (51 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 WFC-PL 31.01% 180,009 $211M $1,170.89 -$5M +289 +0.2%
2 BAC-PL 30.48% 172,838 $207M $1,198.37 -$8M -617 -0.4%
3 APO-PA 12.90% 1,175,194 $88M $74.62 $7M +70,923 +6.4%
4 NEE-PR 10.28% 1,766,596 $70M $39.55 -$2M -10,725 -0.6%
5 ACVT 3.81% 990,000 $26M $26.12 +990,000 NEW
6 GTLS-PB 2.11% 236,552 $14M $60.49 $5M +58,934 +33.2%
7 STRK 0.71% 39,818 $5M $121.01 $2M +4,000 +11.2%
8 META 0.65% 6,000 $4M $738.09 +6,000 NEW
9 AMGN 0.62% 15,000 $4M $279.21 +15,000 NEW
10 AVGO 0.61% 15,000 $4M $275.65 -$888K -15,000 -50.0%
11 IBM 0.61% 14,000 $4M $294.78 +14,000 NEW
12 RH 0.56% 20,000 $4M $189.01 +20,000 NEW
13 WHR 0.52% 35,000 $4M $101.42 +35,000 NEW
14 DXCM 0.51% 40,000 $3M $87.29 $77K -10,000 -20.0%
15 FANG 0.51% 25,000 $3M $137.40 -$562K
16 MGM 0.48% 95,000 $3M $34.39 +95,000 NEW
17 JPM 0.43% 10,000 $3M $289.91 +10,000 NEW
18 T 0.43% 100,000 $3M $28.94 +100,000 NEW
19 TOL 0.42% 25,000 $3M $114.13 +25,000 NEW
20 NVDA 0.35% 15,000 $2M $157.99 +15,000 NEW
21 LOW 0.33% 10,000 $2M $221.87 -$2M -8,000 -44.4%
22 AMZN 0.32% 10,000 $2M $219.39 +10,000 NEW
23 BTSGU 0.25% 21,023 $2M $81.96 -$5M -78,298 -78.8%
24 ZTS 0.23% 10,000 $2M $155.95 -$2M -10,000 -50.0%
25 NOW 0.19% 1,238 $1M $1,028.08 +1,238 NEW
26 LAZ 0.18% 25,000 $1M $47.98 +25,000 NEW
27 ETN 0.16% 3,000 $1M $356.99 -$2M -7,000 -70.0%
28 QFIN 0.12% 18,856 $818K $43.36 +18,856 NEW
29 OPFI 0.04% 20,000 $280K $13.99 +20,000 NEW
30 CYBR 0.03% 516 $210K $406.88 +516 NEW
31 TVTX 0.03% 14,000 $207K $14.80 +14,000 NEW
32 SO 0.03% 2,200 $202K $91.83 +2,200 NEW
33 PENN 0.03% 10,386 $186K $17.87 -$153K -10,385 -50.0%
34 BTG 0.02% 46,500 $168K $3.61 +46,500 NEW
35 REAL 0.02% 25,000 $120K $4.79 +25,000 NEW
36 PMT 0.01% 7,584 $98K $12.86 -$14K
37 PRAA 0.01% 5,682 $84K $14.75 +5,682 NEW
38 AUROW 0.01% 61,500 $54K $0.87 -$33K
39 BBAI-WT 0.01% 18,260 $44K $2.40 $29K
40 MTB —% -$2M -12,000 -100.0% SOLD
41 NOC —% -$4M -7,000 -100.0% SOLD
42 GE —% -$3M -16,000 -100.0% SOLD
43 NFLX —% -$3M -3,500 -100.0% SOLD
44 C —% -$2M -30,000 -100.0% SOLD
45 PCG —% -$1M -79,368 -100.0% SOLD
46 OGN —% -$3M -200,000 -100.0% SOLD
47 VLO —% -$3M -20,000 -100.0% SOLD
48 PH —% -$2M -4,000 -100.0% SOLD
49 GME —% -$310K -13,900 -100.0% SOLD
50 LLY —% -$3M -3,500 -100.0% SOLD
51 SRPT —% -$2M -36,900 -100.0% SOLD

Options Breakdown

25 Calls $59M Call Value 5 Puts $84M Put Value 1.41 P/C Ratio

Top Calls

SymbolSharesValueStatus
CSCO 400,000 $28M NEW
CORZ 250,000 $4M NEW
NCLH 200,000 $4M NEW
SOFI 200,000 $4M
AFRM 40,000 $3M
LYFT 165,000 $3M
BABA 20,000 $2M
RIOT 200,000 $2M NEW
AMGN 7,500 $2M NEW
ALB 26,000 $2M NEW

Top Puts

SymbolSharesValueStatus
SPY 117,500 $73M
HOOD 100,000 $9M NEW
SOFI 100,000 $2M NEW
ATEN $0 SOLD
OPFI $0 SOLD

New Positions

SymbolValue% Port
ACVT $26M 3.81%
META $4M 0.65%
AMGN $4M 0.62%
IBM $4M 0.61%
RH $4M 0.56%
WHR $4M 0.52%
MGM $3M 0.48%
JPM $3M 0.43%
T $3M 0.43%
TOL $3M 0.42%
NVDA $2M 0.35%
AMZN $2M 0.32%
NOW $1M 0.19%
LAZ $1M 0.18%
QFIN $818K 0.12%

Sold Out Positions

SymbolValue% Port
GE —%
MTB —%
PCG —%
PH —%
OGN —%
LLY —%
VLO —%
GME —%
NOC —%
C —%
SRPT —%
NFLX —%
View SEC EDGAR Filings for ADVENT CAPITAL MANAGEMENT /DE/ →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms