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ADVENT CAPITAL MANAGEMENT /DE/

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

Q1 2026 · Filed 2026-05-07
Market Value
$432M
-28.3%
Holdings
43
+7
New Purchases
20
Added To
6
Closed
9
Reduced
5
Top 10 Concentration
88.0%
Turnover
67.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BAC-PL 41.24% 32.73% +8.51% $178M
SOMN 13.45% 7.58% +5.87% $58M
ACVT 6.53% 4.40% +2.13% $28M
APO-PA 17.77% 16.02% +1.75% $77M
UAL 0.85% 0.00% +0.85% $4M
NOW 0.85% 0.00% +0.85% $4M
SPOT 0.79% 0.00% +0.79% $3M
AMZN 0.77% 0.00% +0.77% $3M
CRWD 0.72% 0.00% +0.72% $3M
MS 0.69% 0.00% +0.69% $3M
IBM 0.67% 0.00% +0.67% $3M
GOOG 0.66% 0.00% +0.66% $3M
GE 0.66% 0.00% +0.66% $3M
C 0.66% 0.00% +0.66% $3M
GLW 0.63% 0.00% +0.63% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WFC-PL 3.99% 31.87% -27.88% $17M
NOC 0.00% 0.66% -0.66% $0
VRT 0.00% 0.54% -0.54% $0
PNC 0.00% 0.49% -0.49% $0
BSX 0.00% 0.48% -0.48% $0
AVGO 0.00% 0.46% -0.46% $0
RCL 0.00% 0.42% -0.42% $0
ZTS 0.00% 0.12% -0.12% $0
UNIT 0.00% 0.12% -0.12% $0
APLS 0.00% 0.08% -0.08% $0
ESPR 0.03% 0.06% -0.02% $137K
BBAI-WT 0.00% 0.00% -0.00% $8K

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 11 $217M 50.3%
Large Cap 21 $179M 41.6%
Mid Cap 6 $7M 1.6%
Small Cap 3 $220K 0.1%
Micro Cap 2 $28M 6.5%

Portfolio Analytics

Avg Market Cap
$416.7B
Median Market Cap
$78.9B
Avg P/E
46.1
Median P/E
28.7
Avg Dividend Yield
0.01%
Avg Beta
1.48
# Stocks
42
# ETFs / Funds
1

Top Holdings (43 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BAC-PL 41.24% 149,172 $178M $1,193.18 -$19M -8,139 -5.2%
2 APO-PA 17.77% 1,303,436 $77M $58.85 -$20M +25,854 +2.0%
3 SOMN 13.45% 1,121,375 $58M $51.78 $12M +204,386 +22.3%
4 ACVT 6.53% 1,083,500 $28M $26.02 $2M +93,250 +9.4%
5 WFC-PL 3.99% 148,222 $17M $116.12 -$175M -9,378 -6.0%
6 STRK 1.61% 97,805 $7M $71.15 -$1M -7,933 -7.5%
7 BTSGU 0.87% 26,314 $4M $142.64 $2M +12,786 +94.5%
8 GM 0.86% 50,000 $4M $74.50 $472K +10,000 +25.0%
9 UAL 0.85% 40,000 $4M $92.07 +40,000 NEW
10 NOW 0.85% 35,000 $4M $104.55 +35,000 NEW
11 ETN 0.83% 10,000 $4M $357.67 -$564K -3,000 -23.1%
12 SPOT 0.79% 7,000 $3M $484.91 +7,000 NEW
13 AMZN 0.77% 16,000 $3M $208.27 +16,000 NEW
14 ABBV 0.76% 15,000 $3M $217.49 -$165K
15 CCL 0.75% 125,000 $3M $25.88 $181K +25,000 +25.0%
16 CRWD 0.72% 8,000 $3M $390.41 +8,000 NEW
17 MS 0.69% 18,000 $3M $164.57 +18,000 NEW
18 IBM 0.67% 12,000 $3M $242.39 +12,000 NEW
19 GOOG 0.66% 10,000 $3M $286.86 +10,000 NEW
20 GE 0.66% 10,000 $3M $283.77 +10,000 NEW
21 C 0.66% 25,000 $3M $113.41 +25,000 NEW
22 GLW 0.63% 20,000 $3M $135.97 +20,000 NEW
23 COMP 0.58% 341,700 $2M $7.31 +341,700 NEW
24 MTB 0.57% 12,000 $2M $206.72 +12,000 NEW
25 STX 0.54% 6,000 $2M $391.76 +6,000 NEW
26 CPA 0.50% 19,000 $2M $113.61 +19,000 NEW
27 BE 0.47% 15,000 $2M $135.49 +15,000 NEW
28 CIFR 0.45% 150,000 $2M $12.87 +150,000 NEW
29 AAPL 0.18% 3,000 $761K $253.79 +3,000 NEW
30 W 0.04% 2,073 $156K $75.21 +2,073 NEW
31 ESPR 0.03% 50,000 $137K $2.74 -$196K -40,000 -44.4%
32 BBAI 0.02% 20,000 $70K $3.52 +20,000 NEW
33 AUROW —% 61,500 $12K $0.20 -$2K
34 BBAI-WT —% 18,260 $8K $0.45 -$21K
35 ZTS —% -$705K -5,600 -100.0% SOLD
36 BSX —% -$3M -30,000 -100.0% SOLD
37 VRT —% -$3M -20,000 -100.0% SOLD
38 RCL —% -$3M -9,000 -100.0% SOLD
39 NOC —% -$4M -7,000 -100.0% SOLD
40 PNC —% -$3M -14,000 -100.0% SOLD
41 AVGO —% -$3M -8,000 -100.0% SOLD
42 UNIT —% -$701K -100,000 -100.0% SOLD
43 APLS —% -$452K -18,000 -100.0% SOLD

Options Breakdown

21 Calls $211M Call Value 4 Puts $32M Put Value 0.15 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 300,000 $195M
MSFT 20,000 $7M NEW
SATS 27,500 $3M NEW
NCLH 100,000 $2M
GS 2,000 $2M NEW
AKAM 6,000 $689K
INDI 200,000 $644K NEW
PLUG 250,000 $565K NEW
CIFR 22,500 $290K NEW
BTDR $0 SOLD

Top Puts

SymbolSharesValueStatus
SPY 42,500 $28M NEW
SMCI 100,000 $2M NEW
JOBY 200,000 $2M NEW
RIOT $0 SOLD

New Positions

SymbolValue% Port
UAL $4M 0.85%
NOW $4M 0.85%
SPOT $3M 0.79%
AMZN $3M 0.77%
CRWD $3M 0.72%
MS $3M 0.69%
IBM $3M 0.67%
GOOG $3M 0.66%
GE $3M 0.66%
C $3M 0.66%
GLW $3M 0.63%
COMP $2M 0.58%
MTB $2M 0.57%
STX $2M 0.54%
CPA $2M 0.50%

Sold Out Positions

SymbolValue% Port
ZTS —%
VRT —%
RCL —%
BSX —%
NOC —%
PNC —%
AVGO —%
UNIT —%
APLS —%
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