Q3 2025 · 13F-HR
ADVENT CAPITAL MANAGEMENT /DE/holdings as filed
Filed 2025-11-13 · accession 0001140361-25-041917
$4.59B
Reported value
221
Positions
2025-09-30
Period end
The Brief · ADVENT CAPITAL MANAGEMENT /DE/ · Q3 2025
AI · grounded in 13F
ADVENT CAPITAL MANAGEMENT /DE/ established a new position in [[stock:BAC 7.25 PERP L]] valued at $223.3M. The fund also initiated new holdings in [[stock:WFC 7.5 PERP L]] for $215.8M and [[stock:UBER 0.875 12/01/28 2028]] for $184.7M. Other new additions include positions in [[stock:VTR 3.75 06/01/26]], [[stock:GPN 1.5 03/01/31]], and [[stock:MTH 1.75 05/15/28]]. Total assets under management stand at $4.59B across 219 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 060505682 | BAC 7.25 PERP L | BANK OF AMERICA CORP | $223.3M | 4.87% | 176,506 | Common | SOLE |
| 949746804 | WFC 7.5 PERP L | WELLS FARGO & COMPANY | $215.8M | 4.70% | 175,046 | Common | SOLE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES INC | $184.7M | 4.03% | 125,451,000 | Common | SOLE |
| 92277GAZ0 | VTR 3.75 06/01/26 | VENTAS REALTY LP | $133.1M | 2.90% | 102,867,000 | Common | SOLE |
| 37940XAU6 | GPN 1.5 03/01/31 | GLOBAL PAYMENTS INC | $128.9M | 2.81% | 140,503,000 | Common | SOLE |
| 59001ABF8 | MTH 1.75 05/15/28 | MERITAGE HOMES CORP | $114.9M | 2.50% | 111,695,000 | Common | SOLE |
| 65339F663 | NEE 7.299 06/01/27 | NEXTERA ENERGY INC | $105.4M | 2.30% | 2,119,534 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $105.3M | 2.29% | 158,000 | PUT | SOLE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP | $100.9M | 2.20% | 93,911,000 | Common | SOLE |
| 03769M304 | APO 6.75 07/31/26 | APOLLO GLOBAL MANAGEMENT | $92.4M | 2.01% | 1,320,670 | Common | SOLE |
| 48251W500 | KKR 6.25 03/01/28 D | KKR & CO INC | $92.1M | 2.01% | 1,771,241 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAPITAL FUNDING INC | $88.1M | 1.92% | 77,086,000 | Common | SOLE |
| 125896BX7 | CMS 3.375 05/01/28 | CMS ENERGY CORP | $85.3M | 1.86% | 77,733,000 | Common | SOLE |
| 65339KCY4 | NEE 3 03/01/27 | NEXTERA ENERGY CAPITAL | $68.9M | 1.50% | 58,205,000 | Common | SOLE |
| 30212PBE4 | EXPE 0 02/15/26 | EXPEDIA GROUP INC | $67.3M | 1.47% | 66,705,000 | Common | SOLE |
| 743312AD2 | PRGS 3.5 03/01/30 | PROGRESS SOFTWARE CORP | $65.2M | 1.42% | 64,630,000 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS HOLDINGS INC | $60.0M | 1.31% | 66,630,000 | Common | NONE |
| 82452JAD1 | FOUR 0.5 08/01/27 | SHIFT4 PAYMENTS INC | $59.4M | 1.29% | 60,160,000 | Common | NONE |
| 15189TBD8 | CNP 4.25 08/15/26 | CENTERPOINT ENERGY INC | $57.9M | 1.26% | 52,075,000 | Common | SOLE |
| 097023204 | BA 6 10/15/27 | BOEING CO/THE | $56.4M | 1.23% | 819,770 | Common | SOLE |
| 10316TAD6 | BOX 1.5 09/15/29 | BOX INC | $55.3M | 1.20% | 54,865,000 | Common | SOLE |
| 516544AB9 | LNTH 2.625 12/15/27 | LANTHEUS HOLDINGS INC | $55.2M | 1.20% | 52,317,000 | Common | SOLE |
| 88162GAB9 | TTEK 2.25 08/15/28 | TETRA TECH INC | $48.6M | 1.06% | 44,874,000 | Common | SOLE |
| 842587DZ7 | SO 4.5 06/15/27 | SOUTHERN CO | $48.5M | 1.06% | 43,579,000 | Common | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | FIVE9 INC | $44.7M | 0.97% | 50,345,000 | Common | NONE |
| 69331CAL2 | PCG 4.25 12/01/27 | PG&E CORP | $44.6M | 0.97% | 44,036,000 | Common | NONE |
| 03990B309 | ARES 6.75 10/01/27 B | ARES MANAGEMENT CORP | $41.9M | 0.91% | 837,300 | Common | SOLE |
| 57164YAF4 | VAC 3.25 12/15/27 | MARRIOTT VACATION WORLDW | $41.1M | 0.90% | 42,987,000 | Common | NONE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $40.6M | 0.89% | 41,072,000 | Common | NONE |
| 902252AB1 | TYL 0.25 03/15/26 | TYLER TECHNOLOGIES INC | $40.4M | 0.88% | 36,753,000 | Common | SOLE |
| 70202LAD4 | PSN 2.625 03/01/29 | PARSONS CORP | $40.4M | 0.88% | 35,335,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $39.9M | 0.87% | 42,466,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $39.6M | 0.86% | 35,554,000 | Common | SOLE |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC | $39.5M | 0.86% | 40,318,000 | Common | NONE |
| 74736LAD1 | QTWO 0.75 06/01/26 | Q2 HOLDINGS INC | $39.4M | 0.86% | 37,913,000 | Common | SOLE |
| 707569AU3 | PENN 2.75 05/15/26 | PENN ENTERTAINMENT INC | $39.2M | 0.85% | 37,846,000 | Common | NONE |
| 20717MAB9 | CFLT 0 01/15/27 | CONFLUENT INC | $38.8M | 0.85% | 41,107,000 | Common | NONE |
| 833445AD1 | SNOW 0 10/01/29 | SNOWFLAKE INC | $38.5M | 0.84% | 24,532,000 | Common | SOLE |
| 86800UAB0 | SMCI 3.5 03/01/29 | SUPER MICRO COMPUTER INC | $36.6M | 0.80% | 35,806,000 | Common | NONE |
| 83304AAK2 | SNAP 0.5 05/01/30 | SNAP INC | $35.8M | 0.78% | 41,661,000 | Common | NONE |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HOLDING | $35.8M | 0.78% | 19,467,000 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTO INC | $35.7M | 0.78% | 38,682,000 | Common | NONE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $34.7M | 0.76% | 38,026,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $33.5M | 0.73% | 36,189,000 | Common | NONE |
| 595017302 | MCHP 7.5 03/15/28 | MICROCHIP TECHNOLOGY INC | $32.4M | 0.71% | 549,710 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC | $31.2M | 0.68% | 32,174,000 | Common | SOLE |
| 92538JAB2 | VERX 0.75 05/01/29 | VERTEX INC | $31.2M | 0.68% | 30,556,000 | Common | NONE |
| 116794207 | BRKR 6.375 09/01/28 | BRUKER CORP | $30.6M | 0.67% | 112,520 | Common | SOLE |
| 465741AN6 | ITRI 0 03/15/26 | ITRON INC | $30.2M | 0.66% | 28,553,000 | Common | NONE |
| 70932AAH6 | PMT 8.5 06/01/29 | PENNYMAC CORP | $29.5M | 0.64% | 28,548,000 | Common | SOLE |
| 665531AJ8 | NOG 3.625 04/15/29 | NORTHERN OIL & GAS INC | $29.5M | 0.64% | 29,298,000 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY | $29.1M | 0.63% | 31,888,000 | Common | NONE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $28.4M | 0.62% | 28,133,000 | Common | NONE |
| 345370CZ1 | F 0 03/15/26 | FORD MOTOR COMPANY | $27.9M | 0.61% | 27,488,000 | Common | SOLE |
| 405024AD2 | HAE 2.5 06/01/29 | HAEMONETICS CORP | $27.3M | 0.59% | 29,423,000 | Common | NONE |
| 852234AK9 | XYZ 0.25 11/01/27 | BLOCK INC | $27.1M | 0.59% | 29,674,000 | Common | NONE |
| 75526L845 | ACVT | Advent Convertible Bond ETF | $26.6M | 0.58% | 990,000 | Common | SOLE |
| 82452J307 | FOUR 6 05/01/28 | SHIFT4 PAYMENTS INC | $26.5M | 0.58% | 284,030 | Common | SOLE |
| 08265TAB5 | BSY 0.125 01/15/26 | BENTLEY SYSTEMS INC | $25.7M | 0.56% | 26,021,000 | Common | NONE |
| 819047AB7 | SHAK 0 03/01/28 | SHAKE SHACK INC | $25.1M | 0.55% | 26,357,000 | Common | SOLE |
| 29786AAL0 | ETSY 0.125 09/01/27 | ETSY INC | $24.7M | 0.54% | 26,781,000 | Common | NONE |
| 92939UAR7 | WEC 4.375 06/01/29 | WEC ENERGY GROUP INC | $24.5M | 0.53% | 19,948,000 | Common | SOLE |
| 30050BAH4 | EVH 3.5 12/01/29 | EVOLENT HEALTH INC | $24.2M | 0.53% | 30,062,000 | Common | NONE |
| 89422GAA5 | TVTX 2.25 03/01/29 | TRAVERE THERAPEUTICS INC | $22.9M | 0.50% | 20,182,000 | Common | SOLE |
| 89677QAB3 | TCOM 0.75 06/15/29 | TRIP.COM GROUP LTD | $22.3M | 0.49% | 17,409,000 | Common | SOLE |
| 472145AH4 | JAZZ 3.125 09/15/30 | JAZZ INVESTMENTS I LTD | $22.0M | 0.48% | 18,532,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPHASE ENERGY INC | $21.9M | 0.48% | 25,263,000 | Common | NONE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $21.8M | 0.47% | 23,197,000 | Common | NONE |
| 194014AB2 | ENOV 3.875 10/15/28 | ENOVIS CORP | $21.6M | 0.47% | 21,906,000 | Common | SOLE |
| 10806XAD4 | BBIO 2.25 02/01/29 | BRIDGEBIO PHARMA INC | $21.4M | 0.47% | 21,691,000 | Common | NONE |
| 974637AF7 | WGO 3.25 01/15/30 | WINNEBAGO INDUSTRIES | $21.0M | 0.46% | 23,407,000 | Common | NONE |
| 472145AF8 | JAZZ 2 06/15/26 | JAZZ INVESTMENTS I LTD | $19.1M | 0.42% | 17,886,000 | Common | NONE |
| 90353TAJ9 | UBER 0 12/15/25 | UBER TECHNOLOGIES INC | $18.7M | 0.41% | 15,340,000 | Common | NONE |
| 42824C208 | HPE 7.625 09/01/27 | HP ENTERPRISE CO | $18.3M | 0.40% | 270,147 | Common | SOLE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $18.3M | 0.40% | 15,374,000 | Common | SOLE |
| 69331C306 | PCG 6 12/01/27 A | PG&E CORP | $17.2M | 0.37% | 437,794 | Common | SOLE |
| 82509LAA5 | SHOPCN 0.125 11/01/25 | SHOPIFY INC | $17.1M | 0.37% | 16,204,000 | Common | NONE |
| 011642AD7 | ALRM 2.25 06/01/29 | ALARM.COM HLDGS INC | $16.9M | 0.37% | 17,578,000 | Common | NONE |
| 008073AA6 | AVAV 0 07/15/30 | AEROVIRONMENT INC | $15.7M | 0.34% | 12,625,000 | Common | SOLE |
| 875372AD6 | TNDM 1.5 03/15/29 2024 | TANDEM DIABETES CARE INC | $15.2M | 0.33% | 17,302,000 | Common | NONE |
| 64049MAB6 | NEO 0.25 01/15/28 | NEOGENOMICS INC | $15.1M | 0.33% | 17,401,000 | Common | NONE |
| 140501AE7 | CSWC 5.125 11/15/29 | CAPITAL SOUTHWEST CORP | $14.9M | 0.33% | 15,086,000 | Common | SOLE |
| 04271TAB6 | ARRY 1 12/01/28 | ARRAY TECHNOLOGIES INC | $14.6M | 0.32% | 16,844,000 | Common | NONE |
| 30050BAJ0 | EVH 4.5 08/15/31 | EVOLENT HEALTH INC | $14.4M | 0.31% | 14,361,000 | Common | SOLE |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY INC | $14.4M | 0.31% | 14,800,000 | Common | NONE |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $13.3M | 0.29% | 11,697,000 | Common | SOLE |
| 69553PAD2 | PD 1.5 10/15/28 * | PAGERDUTY INC. | $13.2M | 0.29% | 13,453,000 | Common | NONE |
| 462222AF7 | IONS 1.75 06/15/28 | IONIS PHARMACEUTICALS IN | $12.8M | 0.28% | 9,250,000 | Common | SOLE |
| 98139AAB1 | WK 1.125 08/15/26 | WORKIVA INC | $12.8M | 0.28% | 10,743,000 | Common | SOLE |
| 69349HAF4 | TXNM 5.75 06/01/54 | TXNM ENERGY INC | $12.6M | 0.27% | 9,634,000 | Common | SOLE |
| 018802AC2 | LNT 3.875 03/15/26 | ALLIANT ENERGY CORP | $12.3M | 0.27% | 11,380,000 | Common | SOLE |
| 40637HAF6 | HALO 1 08/15/28 | HALOZYME THERAPEUTICS IN | $11.8M | 0.26% | 8,395,000 | Common | SOLE |
| 83419XAA6 | SEI 4.75 05/01/30 | SOLARIS ENERGY INFRASTRU | $11.8M | 0.26% | 6,580,000 | Common | SOLE |
| 12685JAE5 | CABO 0 03/15/26 | CABLE ONE INC | $11.6M | 0.25% | 11,925,000 | Common | NONE |
| 784730AB9 | SSRMCN 2.5 04/01/39 | SSR MINING INC | $11.4M | 0.25% | 8,058,000 | Common | SOLE |
| 47215PAJ5 | JD 0.25 06/01/29 | JD.COM INC | $10.6M | 0.23% | 9,815,000 | Common | SOLE |
| 647551AE0 | NMFC 7.5 10/15/25 | NEW MOUNTAIN FINANCE COR | $10.6M | 0.23% | 10,547,000 | Common | SOLE |
| 03040WBE4 | AWK 3.625 06/15/26 | AMERICAN WATER CAPITAL C | $10.5M | 0.23% | 10,425,000 | Common | NONE |
| 62886HBD2 | NCLH 1.125 02/15/27 | NCL CORPORATION LTD | $10.3M | 0.22% | 10,034,000 | Common | SOLE |
| 358039AB1 | FRPT 3 04/01/28 | FRESHPET INC | $9.8M | 0.21% | 8,664,000 | Common | SOLE |
| 82846H504 | QXO 5.5 05/15/28 | QXO INC | $9.5M | 0.21% | 174,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $9.1M | 0.20% | 9,441,000 | Common | SOLE |
| 594972887 | MSTR 8 PERP | STRATEGY INC | $8.5M | 0.19% | 93,238 | Common | SOLE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC | $8.4M | 0.18% | 7,300,000 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $8.2M | 0.18% | 2,567,000 | Common | SOLE |
| 30034WAD8 | EVRG 4.5 12/15/27 | EVERGY INC | $8.2M | 0.18% | 6,510,000 | Common | SOLE |
| 70614WAD2 | PTON 5.5 12/01/29 | PELOTON INTERACTIVE INC | $8.0M | 0.17% | 3,580,000 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LUMENTUM HOLDINGS INC | $7.9M | 0.17% | 5,669,000 | Common | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMEN | $7.8M | 0.17% | 4,854,000 | Common | SOLE |
| 09709UV70 | BAC 0.6 05/25/27 MTN | BOFA FINANCE LLC | $7.7M | 0.17% | 7,800,000 | Common | SOLE |
| 12685JAG0 | CABO 1.125 03/15/28 | CABLE ONE INC | $7.1M | 0.15% | 8,244,000 | Common | NONE |
| 902681AB1 | UGI 5 06/01/28 | UGI CORP | $7.1M | 0.15% | 5,509,000 | Common | SOLE |
| 477143AR2 | JBLU 2.5 09/01/29 | JETBLUE AIRWAYS CORP | $6.4M | 0.14% | 6,171,000 | Common | SOLE |
| 09257WAE0 | BXMT 5.5 03/15/27 | BLACKSTONE MORTGAGE TR | $6.3M | 0.14% | 6,398,000 | Common | SOLE |
| 10316TAB0 | BOX 0 01/15/26 | BOX INC | $6.3M | 0.14% | 5,034,000 | Common | SOLE |
| 91332UAB7 | U 0 11/15/26 | UNITY SOFTWARE INC | $6.1M | 0.13% | 6,413,000 | Common | SOLE |
| 83406FAA0 | SOFI | SOFI TECHNOLOGIES INC | $5.8M | 0.13% | 4,454,000 | Common | SOLE |
| 337932AR8 | FE 4 05/01/26 | FIRSTENERGY CORP | $5.7M | 0.12% | 5,493,000 | Common | SOLE |
| 86333MAA6 | LRN 1.125 09/01/27 | STRIDE INC | $5.7M | 0.12% | 2,000,000 | Common | SOLE |
| 53680QAA6 | LARCN 1.75 01/15/27 | LITHIUM ARGENTINA AG | $5.7M | 0.12% | 6,339,000 | Common | SOLE |
| 76954AAB9 | RIVN 4.625 03/15/29 | RIVIAN AUTO INC | $5.7M | 0.12% | 5,474,000 | Common | SOLE |
| 55303JAB2 | MGPI 1.875 11/15/41 | MGP INGREDIENTS INC | $5.7M | 0.12% | 5,900,000 | Common | SOLE |
| 88339PAJ0 | REAL 4 02/15/31 | THE REALREAL INC | $5.6M | 0.12% | 4,324,000 | Common | SOLE |
| 594972AL5 | MSTR 0.875 03/15/31 | STRATEGY INC | $5.4M | 0.12% | 3,444,000 | Common | SOLE |
| 531229AP7 | SIRI 3.75 03/15/28 | SIRIUS XM HOLDINGS | $5.4M | 0.12% | 5,147,000 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group Holding Ltd | $5.3M | 0.11% | 29,500 | CALL | SOLE |
| 47215P106 | JD | JD.com Inc | $5.2M | 0.11% | 150,000 | CALL | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COINBASE GLOBAL INC | $5.0M | 0.11% | 3,975,000 | Common | SOLE |
| 42703MAF0 | HLF 4.25 06/15/28 | HERBALIFE LTD | $5.0M | 0.11% | 5,352,000 | Common | SOLE |
| 32076VAD5 | AGCN 0.375 01/15/27 | FIRST MAJESTIC SILVER | $4.9M | 0.11% | 4,510,000 | Common | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $4.8M | 0.11% | 3,525,000 | Common | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $4.7M | 0.10% | 5,038,000 | Common | SOLE |
| 82452JAB5 | FOUR 0 12/15/25 | SHIFT4 PAYMENTS INC | $4.7M | 0.10% | 4,570,000 | Common | SOLE |
| 156727AD1 | CRNC 1.5 07/01/28 | CERENCE INC | $4.6M | 0.10% | 5,500,000 | Common | SOLE |
| 031162100 | AMGN | Amgen Inc | $4.5M | 0.10% | 16,000 | Common | SOLE |
| 62957HAL9 | NBR 1.75 06/15/29 | NABORS INDUSTRIES INC | $4.5M | 0.10% | 5,782,000 | Common | SOLE |
| 98423FAB5 | XMTR 1 02/01/27 | XOMETRY INC | $4.4M | 0.10% | 3,615,000 | Common | SOLE |
| 83304AAH9 | SNAP 0.125 03/01/28 | SNAP INC | $4.3M | 0.09% | 4,850,000 | Common | SOLE |
| 25278X109 | FANG | Diamondback Energy Inc | $4.3M | 0.09% | 30,000 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $4.0M | 0.09% | 18,000 | Common | SOLE |
| G29183103 | ETN | Eaton Corp PLC | $3.7M | 0.08% | 10,000 | Common | SOLE |
| 74736LAF6 | QTWO 0.125 11/15/25 | Q2 HOLDINGS INC | $3.7M | 0.08% | 3,712,000 | Common | SOLE |
| 26210CAD6 | DBX 0 03/01/28 | DROPBOX INC | $3.6M | 0.08% | 3,468,000 | Common | SOLE |
| 55024UAH2 | LITE 1.5 12/15/29 | LUMENTUM HOLDINGS INC | $3.6M | 0.08% | 1,477,000 | Common | SOLE |
| L8681T102 | SPOT | Spotify Technology SA | $3.5M | 0.08% | 5,000 | Common | SOLE |
| 36467W109 | GME | GameStop Corp | $3.4M | 0.07% | 125,000 | CALL | SOLE |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP | $3.4M | 0.07% | 3,655,000 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co | $3.4M | 0.07% | 75,000 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $3.3M | 0.07% | 35,000 | Common | SOLE |
| 85571BBA2 | STWD 6.75 07/15/27 | STARWOOD PROPERTY TRUST | $3.2M | 0.07% | 3,000,000 | Common | SOLE |
| 163072AA9 | CAKE 0.375 06/15/26 | CHEESECAKE FACTORY (THE) | $3.2M | 0.07% | 3,185,000 | Common | SOLE |
| 70932AAF0 | PMT 5.5 03/15/26 | PENNYMAC CORP | $3.0M | 0.07% | 3,048,000 | Common | SOLE |
| 012653200 | ALB 7.25 03/01/27 | ALBEMARLE CORP | $2.9M | 0.06% | 77,747 | Common | SOLE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICAL | $2.9M | 0.06% | 3,213,000 | Common | SOLE |
| 753422AH7 | RPD 1.25 03/15/29 | RAPID7 INC | $2.9M | 0.06% | 3,221,000 | Common | SOLE |
| 247361702 | DAL | Delta Air Lines Inc | $2.8M | 0.06% | 50,000 | Common | SOLE |
| 00206R102 | T | AT&T Inc | $2.8M | 0.06% | 100,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $2.8M | 0.06% | 3,300,000 | Common | SOLE |
| 03823UAE2 | AAOI | APPLIED OPTOELECTRONICS | $2.8M | 0.06% | 2,800,000 | Common | SOLE |
| 38341PAA0 | GOSS 5 06/01/27 | GOSSAMER BIO INC | $2.8M | 0.06% | 4,000,000 | Common | SOLE |
| 81180WBL4 | STX 3.5 06/01/28 | SEAGATE HDD CAYMAN | $2.7M | 0.06% | 950,000 | Common | SOLE |
| 16934Q802 | CIM | Chimera Investment Corp | $2.6M | 0.06% | 200,000 | CALL | SOLE |
| 604749AB7 | MIRM 4 05/01/29 | MIRUM PHARMACEUTICALS | $2.6M | 0.06% | 1,076,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $2.6M | 0.06% | 2,604,000 | Common | SOLE |
| 25402DAB8 | DOCN 0 12/01/26 | DIGITALOCEAN HOLDINGS | $2.6M | 0.06% | 2,701,000 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY IND | $2.5M | 0.06% | 1,835,000 | Common | SOLE |
| 231021106 | CMI | Cummins Inc | $2.5M | 0.06% | 6,000 | Common | SOLE |
| 393222AK0 | GPRE 2.25 03/15/27 | GREEN PLAINS INC | $2.5M | 0.05% | 2,625,000 | Common | SOLE |
| 552953101 | MGM | MGM Resorts International | $2.4M | 0.05% | 70,000 | Common | SOLE |
| V7780T103 | RCL | Royal Caribbean Cruises Ltd | $2.3M | 0.05% | 7,000 | Common | SOLE |
| 92537N108 | VRT | Vertiv Holdings Co | $2.3M | 0.05% | 15,000 | Common | SOLE |
| 30063PAB1 | EXAS 0.375 03/15/27 | EXACT SCIENCES CORP | $2.2M | 0.05% | 2,320,000 | Common | SOLE |
| 842587DP9 | SO 3.875 12/15/25 | SOUTHERN CO | $2.2M | 0.05% | 1,950,000 | Common | NONE |
| 29355AAH0 | ENPH 0 03/01/26 | ENPHASE ENERGY INC | $2.1M | 0.05% | 2,175,000 | Common | SOLE |
| 17253J106 | CIFR | Cipher Mining Inc | $2.0M | 0.04% | 160,000 | CALL | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H WORLD GROUP LTD | $2.0M | 0.04% | 1,772,000 | Common | SOLE |
| 00123Q104 | AGNC | AGNC Investment Corp | $1.9M | 0.04% | 195,100 | CALL | SOLE |
| 45258DAB1 | IMCR 2.5 02/01/30 | IMMUNOCORE HOLDINGS | $1.9M | 0.04% | 2,100,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYSTEMS | $1.9M | 0.04% | 1,980,000 | Common | SOLE |
| 758075AF2 | RWT 7.75 06/15/27 | REDWOOD TRUST INC | $1.8M | 0.04% | 1,800,000 | Common | SOLE |
| 21873S108 | CRWV | CoreWeave Inc | $1.7M | 0.04% | 12,500 | CALL | SOLE |
| G11448100 | BTDR | Bitdeer Technologies Group | $1.7M | 0.04% | 100,000 | PUT | SOLE |
| 10950A205 | BTSG 6.75 02/01/27 | BRIGHTSPRING HEALTH SERV | $1.7M | 0.04% | 16,993 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Inc | $1.6M | 0.04% | 5,000 | Common | SOLE |
| 925550AH8 | VIAV 1.625 03/15/26 | VIAVI SOLUTIONS INC | $1.5M | 0.03% | 1,469,000 | Common | SOLE |
| 92347MAB6 | VERI 1.75 11/15/26 | VERITONE INC | $1.5M | 0.03% | 2,107,000 | Common | SOLE |
| 090043AB6 | BILL 0 12/01/25 | BILL HOLDINGS INC | $1.5M | 0.03% | 1,550,000 | Common | SOLE |
| 15102KAA8 | CELC 2.75 08/01/31 | CELCUITY INC | $1.3M | 0.03% | 980,000 | Common | SOLE |
| 55087P104 | LYFT | Lyft Inc | $1.2M | 0.03% | 55,000 | CALL | SOLE |
| 09239BAD1 | BL 0 03/15/26 | BLACKLINE INC | $1.1M | 0.02% | 1,160,000 | Common | SOLE |
| 88339P101 | REAL | RealReal Inc/The | $1.1M | 0.02% | 100,000 | CALL | SOLE |
| 22410JAB2 | CBRL 0.625 06/15/26 | CRACKER BARREL OLD COUNT | $1.0M | 0.02% | 1,058,000 | Common | SOLE |
| 723484AK7 | PNW 4.75 06/15/27 | PINNACLE WEST CAPITAL | $850,436 | 0.02% | 790,000 | Common | SHARED |
| 093712107 | BE | Bloom Energy Corp | $845,700 | 0.02% | 10,000 | CALL | SOLE |
| 29415FAD6 | NVST 1.75 08/15/28 | ENVISTA HOLDINGS CORP | $812,292 | 0.02% | 859,000 | Common | SOLE |
| 83406F102 | SOFI | SoFi Technologies Inc | $792,600 | 0.02% | 30,000 | CALL | SOLE |
| 47100L301 | DFDV | DeFi Development Corp | $765,500 | 0.02% | 50,000 | Common | SOLE |
| 48123VAE2 | ZD 1.75 11/01/26 | ZIFF DAVIS INC | $745,356 | 0.02% | 775,000 | Common | SOLE |
| 08975B109 | BBAI | BigBear.ai Holdings Inc | $652,000 | 0.01% | 100,000 | CALL | SOLE |
| 55405YAB6 | MTSI 0.25 03/15/26 | M/A-COM TECH SOLUTIONS | $645,421 | 0.01% | 425,000 | Common | SOLE |
| 94419LAP6 | W 3.25 09/15/27 | WAYFAIR INC | $561,670 | 0.01% | 368,000 | Common | SOLE |
| 767292105 | RIOT | Riot Platforms Inc | $542,355 | 0.01% | 28,500 | CALL | SOLE |
| 38341P102 | GOSS | Gossamer Bio Inc | $526,000 | 0.01% | 200,000 | CALL | SOLE |
| 75776W103 | RDW | Redwire Corp | $494,450 | 0.01% | 55,000 | CALL | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC | $482,900 | 0.01% | 440,000 | Common | SOLE |
| 443573100 | HUBS | HubSpot Inc | $467,800 | 0.01% | 1,000 | Common | SOLE |
| 00164VAJ2 | AMCX 4.25 02/15/29 * | AMC NETWORKS INC | $455,770 | 0.01% | 476,000 | Common | SOLE |
| 10806XAB8 | BBIO 2.5 03/15/27 | BRIDGEBIO PHARMA INC | $421,725 | 0.01% | 300,000 | Common | SOLE |
| 67059NAH1 | NTNX 0.25 10/01/27 | NUTANIX INC | $368,061 | 0.01% | 267,000 | Common | SOLE |
| G11448100 | BTDR | Bitdeer Technologies Group | $341,800 | 0.01% | 20,000 | CALL | SOLE |
| 29446YAC0 | EQXCN 4.75 10/15/28 | EQUINOX GOLD CORP | $288,226 | 0.01% | 150,000 | Common | SOLE |
| 399909100 | GGAL | Grupo Financiero Galicia SA | $275,600 | 0.01% | 10,000 | CALL | SOLE |
| 08975B109 | BBAI | BigBear.ai Holdings Inc | $260,800 | 0.01% | 40,000 | Common | SOLE |
| 72919P202 | PLUG | Plug Power Inc | $233,000 | 0.01% | 100,000 | CALL | SOLE |
| 45826HAB5 | ITGR 2.125 02/15/28 | INTEGER HOLDINGS CORP | $228,988 | 0.00% | 175,000 | Common | SOLE |
| 29664W105 | ESPR | Esperion Therapeutics Inc | $212,000 | 0.00% | 80,000 | Common | SOLE |
| 550021109 | LULU | Lululemon Athletica Inc | $177,930 | 0.00% | 1,000 | CALL | SOLE |
| 051774107 | AUR | Aurora Innovation Inc | $107,800 | 0.00% | 20,000 | CALL | SOLE |
| 08975B117 | BBAI/WS | BIGBEAR.AI HOLDINGS INC | $38,709 | 0.00% | 18,260 | Common | SOLE |
| 051774115 | AUROW | AURORA INNOVATION INC | $35,670 | 0.00% | 61,500 | Common | SOLE |
| 298736AL3 | EEFT 0.75 03/15/49 | EURONET WORLDWIDE INC | $3,422 | 0.00% | 4,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.