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ACM

Advent Capital Management Portfolio holdings

AUM $3.63B
1-Year Est. Return 0.29%
This Fund
S&P 500
This Quarter Est. Return
+0.31%
1 Year Est. Return
-0.29%
3 Year Est. Return
+1.05%
5 Year Est. Return
-0.73%
10 Year Est. Return
+3.33%
AUM
$4.98B
AUM Growth
+$390M
Cap. Flow
-$2.65B
Cap. Flow %
-53.16%
Top 10 Hldgs %
35.76%
Holding
255
New
26
Increased
16
Reduced
8
Closed
30

Top Buys

Rank Stock Value
1
SOMN
The Southern Company 2025 Series A Corp Units
SOMN
+$45.5M
2
NOVTU
Novanta Inc Units
NOVTU
+$30.7M
3
HPE.PRC
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
+$16.8M
4
KKR.PRD
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
+$11.5M
5
QXO.PRB
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
+$5.05M

Top Sells

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$24.2M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$21.5M
3
BRKRP
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
+$8.72M
4
NEE.PRS
NextEra Energy 7.299% Corporate Units
NEE.PRS
+$6.97M
5
AMGN icon
Amgen
AMGN
+$4.52M

Sector Composition

Rank Sector Weight
1 Technology 0.68%
2 Industrials 0.23%
3 Consumer Discretionary 0.18%
4 Healthcare 0.16%
5 Financials 0.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$586M 11.78%
+860,000
New +$581M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$197M 3.96%
157,311
-19,195
-11% -$24.2M
WFC.PRL icon
3
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
$192M 3.85%
157,600
-17,446
-10% -$21.5M
KKR.PRD
4
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
$2.29B
$104M 2.08%
1,997,547
+226,306
+13% +$11.5M
NEE.PRS
5
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.1B
$103M 2.06%
1,988,322
-131,212
-6% -$6.97M
APO.PRA
6
DELISTED
Apollo Global Management Series A
APO.PRA
$96.4M 1.94%
1,277,582
-43,088
-3% -$3.01M
BA.PRA
7
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.27B
$59M 1.19%
849,161
+29,391
+4% +$1.96M
ARES.PRB
8
Ares Management Corp 6.75% Series B Preferred Stock
ARES.PRB
$1.34B
$46.5M 0.93%
920,473
+83,173
+10% +$4.1M
SOMN
9
The Southern Company 2025 Series A Corp Units
SOMN
$45.6M 0.92%
+916,989
New +$45.5M
HPE.PRC
10
Hewlett Packard Enterprise 7.625% Series C Preferred Stock
HPE.PRC
$4.1B
$34.9M 0.7%
527,546
+257,399
+95% +$16.8M
NOVTU
11
Novanta Inc Units
NOVTU
$760M
$31.7M 0.64%
+581,990
New +$30.7M
BRKRP
12
Bruker Corporation 6.375% Series A Preferred Stock
BRKRP
$1.1B
$31.5M 0.63%
86,679
-25,841
-23% -$8.72M
MCHPP
13
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
$31M 0.62%
529,956
-19,754
-4% -$1.13M
CSCO icon
14
CALL
Cisco
CSCO
$479B
$30.8M 0.62%
+400,000
New +$29.7M
ACVT
15
Advent Convertible Bond ETF
ACVT
$33.2M
$26.5M 0.53%
990,250
+250
+0% +$6.7K
FOUR.PRA
16
Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA
$540M
$25.9M 0.52%
323,380
+39,350
+14% +$3.45M
PCG.PRX
17
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.38B
$19.2M 0.38%
466,504
+28,710
+7% +$1.18M
QXO.PRB
18
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
$540M
$14.7M 0.3%
265,400
+91,400
+53% +$5.05M
STRK
19
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
$489M
$8.36M 0.17%
105,738
+12,500
+13% +$1.08M
HD icon
20
CALL
Home Depot
HD
$355B
$6.88M 0.14%
+20,000
New +$7.33M
NCLH icon
21
CALL
Norwegian Cruise Line
NCLH
$8.84B
$6.7M 0.13%
+300,000
New +$6.33M
ORCL icon
22
CALL
Oracle
ORCL
$423B
$4.87M 0.1%
+25,000
New +$5.95M
ALB.PRA icon
23
Albemarle Corp Depositary Shares
ALB.PRA
$2.64B
$4.58M 0.09%
77,747
– –
ETN icon
24
Eaton
ETN
$174B
$4.14M 0.08%
13,000
+3,000
+30% +$1.06M
NOC icon
25
Northrop Grumman
NOC
$81.2B
$3.99M 0.08%
+7,000
New +$4.06M
1
2 3 4

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SCM
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OCM
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Advent Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Advent Capital Management held 255 positions worth $4.98B, up 8.5% from $4.59B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Advent Capital Management withdrew a net $2.65B in Q4 2025, closing 30 positions and reducing 8 holdings. Its most notable exit was Amgen, an estimated $4.52M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.68% of assets, down from 0.76% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Advent Capital Management opened a new position in The Southern Company 2025 Series A Corp Units worth $45.6M.

  • Advent Capital Management's largest Q4 2025 buy was The Southern Company 2025 Series A Corp Units: 916,989 shares worth $45.6M.
  • Advent Capital Management added most to Hewlett Packard Enterprise 7.625% Series C Preferred Stock in Q4 2025, an estimated $16.8M increase.
  • Advent Capital Management's biggest Q4 2025 reduction was Bank of America Series L, cutting an estimated $24.2M.
  • Advent Capital Management fully exited Amgen in Q4 2025, selling an estimated $4.52M.
  • Advent Capital Management's ten largest holdings make up 36% of its $4.98B portfolio in Q4 2025.
  • Advent Capital Management opened 26 new positions and closed 30 in Q4 2025.
  • Advent Capital Management's portfolio value rose 8.5% quarter-over-quarter to $4.98B.

Based on Advent Capital Management's 13F filing for Q4 2025, filed 9 Feb 2026.