ADVENT CAPITAL MANAGEMENT /DE/
Follow13F filer, CIK 1097278, NEW YORK, NY
ADVENT CAPITAL MANAGEMENT /DE/ reported $4,977,969,271 across 225 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-09. Its ten largest share positions make up 29.74% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-26-004346
- Period
- 2025-12-31
- Reported value
- $4.98B
- Holdings
- 225
- Top 10 weight
- 29.74%
- New
- 60
- Sold out
- 56
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SOnew | +916,989 | $45.6M |
| NOVTUnew | +581,990 | $31.7M |
| HEWLETT PACKARD ENTERPRISE Cadded | +257,399 | $17M |
| KKR & CO INCadded | +226,306 | $11.8M |
| QXO INCadded | +91,400 | $5.08M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BANK OF AMER CORPreduced | -19,195 | -$24M |
| WELLS FARGO & COreduced | -17,446 | -$21.2M |
| BRKRPreduced | -25,841 | -$9.4M |
| NEEreduced | -131,212 | -$6.78M |
| AMGNexited | -16,000 | -$4.52M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 39 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | call | 860,000 | $586M | new |
| CSCOCISCO SYS INC COM | call | 400,000 | $30.8M | new |
| HDHOME DEPOT INC COM | call | 20,000 | $6.88M | new |
| NCLHNORWEGIAN CRUISE LINE HLDGS Stock | call | 300,000 | $6.7M | new |
| ORCLORACLE CORP COM | call | 25,000 | $4.87M | new |
| AKAMAKAMAI TECHNOLOGIES INC Stock | call | 40,000 | $3.49M | new |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | call | 15,000 | $2.2M | -14,500 |
| RIOTRIOT PLATFORMS INC COM | put | 100,000 | $1.27M | new |
| SOFISOFI TECHNOLOGIES INC Stock | call | 45,000 | $1.18M | +15,000 |
| BTDRBITDEER TECHNOLOGIES GROUP Stock | call | 105,000 | $1.18M | +85,000 |
| MARAMARA HOLDINGS INC Stock | call | 100,000 | $898K | new |
| BBAIBIGBEAR AI HLDGS INC Stock | call | 100,000 | $540K | 0 |
| ESPRESPERION THERAPEUTICS INC NE Stock | call | 100,000 | $370K | new |
| WULFTERAWULF INC COM | call | 30,000 | $345K | new |
| LULULULULEMON ATHLETICA INC COM | call | 1,000 | $208K | 0 |
| OPENOPENDOOR TECHNOLOGIES INC COM | call | 20,000 | $117K | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 142,238,000 | $185M | +16,787,000 |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 119,816,000 | $108M | -20,687,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 73,569,000 | $104M | -29,298,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1 | principal | 105,126,000 | $104M | -6,569,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 87,479,000 | $94.3M | +9,746,000 |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 | principal | 65,080,000 | $81.6M | +6,875,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 78,180,000 | $79.3M | +41,427,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 67,596,000 | $74.8M | -9,490,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 71,579,000 | $74.4M | -22,332,000 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN Convertible | principal | 65,401,000 | $69.7M | new |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 58,536,000 | $65.1M | +6,461,000 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 53,292,000 | $57.1M | +9,713,000 |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible | principal | 46,122,000 | $53M | -6,195,000 |
| AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 0.750%12/1 | principal | 45,578,000 | $50.6M | new |
| TETRA TECH INC NEWTETRA TECH INC NEW DBCV 2.250% 8/1 | principal | 43,876,000 | $48.1M | -998,000 |
| BOX INCBOX INC NOTE 1.500% 9/1 | principal | 48,301,000 | $47.3M | -6,564,000 |
| NUTANIX INCNUTANIX INC Convertible | principal | 40,522,000 | $45.6M | +40,255,000 |
| DRAFTKINGS INC NEWDRAFTKINGS INC NEW CNV | principal | 49,037,000 | $44.9M | -17,593,000 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0 | principal | 43,706,000 | $44.8M | -20,924,000 |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 45,147,000 | $40.8M | +9,341,000 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 42,082,000 | $40.1M | -905,000 |
| DATADOG INCDATADOG INC NOTE 12/0 | principal | 37,409,000 | $37.5M | new |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 36,095,000 | $37.3M | -7,941,000 |
| SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0 | principal | 24,026,000 | $37.2M | -506,000 |
| Q2 HLDGS INCQ2 HLDGS INC NOTE 0.750% 6/0 | principal | 34,948,000 | $35.4M | -2,965,000 |
| WORKIVA INCWORKIVA INC NOTE 1.250% 8/1 | principal | 35,404,000 | $35.2M | -5,668,000 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 33,316,000 | $34.6M | -2,019,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 34,451,000 | $34.3M | -8,015,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 28,682,000 | $34.2M | +16,985,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 28,784,000 | $33.8M | +8,836,000 |
| ITRON INCITRON INC NOTE 1.375% 7/1 | principal | 30,415,000 | $31M | +23,115,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 31,555,000 | $30M | -4,634,000 |
| PENNYMAC CORPPENNYMAC CORP Convertible Bond | principal | 27,466,000 | $29.4M | -1,082,000 |
| NORTHERN OIL & GAS INCNORTHERN OIL & GAS INC NOTE 3.625% 4/1 | principal | 29,815,000 | $29.1M | +517,000 |
| UPWORK INCUPWORK INC NOTE 0.250% 8/1 | principal | 28,914,000 | $28.3M | -3,260,000 |
| BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0 | principal | 25,656,000 | $27.1M | new |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 25,868,000 | $26.9M | -1,620,000 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 24,431,000 | $26.8M | -3,702,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD Convertible | principal | 19,332,000 | $26M | +800,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 23,068,000 | $25.8M | -43,637,000 |
| FIVE9 INCFIVE9 INC CNV | principal | 27,741,000 | $25.1M | -22,604,000 |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 25,944,000 | $25.1M | -34,216,000 |
| TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1 | principal | 19,947,000 | $24.6M | +2,538,000 |
| BILL HOLDINGS INCBILL HOLDINGS INC NOTE 4/0 | principal | 26,181,000 | $24.1M | new |
| SNAP INCSNAP INC Convertible | principal | 27,271,000 | $23.9M | -14,390,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 20,513,000 | $23.3M | -1,178,000 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 25,404,000 | $23.1M | -6,484,000 |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 26,389,000 | $23.1M | +1,126,000 |
| ETSY INCETSY INC NOTE 0.125% 9/0 | principal | 24,534,000 | $22.8M | -2,247,000 |
| BLOCK INCBLOCK INC NOTE 0.250%11/0 | principal | 24,310,000 | $22.6M | -5,364,000 |
| AEROVIRONMENT INCAEROVIRONMENT INC NOTE 7/1 | principal | 19,818,000 | $21.6M | +7,193,000 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 14,629,000 | $21.5M | +9,775,000 |
| ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC NOTE 1.000%12/0 | principal | 23,121,000 | $21M | +6,277,000 |
| VERTEX INCVERTEX INC NOTE 0.750% 5/0 | principal | 21,751,000 | $20.7M | -8,805,000 |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 22,321,000 | $20.6M | -15,705,000 |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV | principal | 14,212,000 | $20.4M | -5,970,000 |
| VARONIS SYS INCVARONIS SYS INC NOTE 1.000% 9/1 | principal | 21,261,000 | $19.9M | new |
| RIOT PLATFORMS INCRIOT PLATFORMS INC NOTE 0.750% 1/1 | principal | 17,193,000 | $19.6M | new |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 19,706,000 | $18.8M | -3,491,000 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 2.500% 6/0 | principal | 17,981,000 | $18.8M | -11,442,000 |
| WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1 | principal | 18,985,000 | $18.2M | -4,422,000 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 15,247,000 | $17.5M | -127,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 16,969,000 | $17M | -18,585,000 |
| NUTANIX INCNUTANIX INC NOTE 0.500%12/1 | principal | 17,518,000 | $16.9M | new |
| TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1 | principal | 16,156,000 | $16.5M | -1,146,000 |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 14,525,000 | $16.5M | +11,000,000 |
| FRESHPET INCFRESHPET INC NOTE 3.000% 4/0 | principal | 13,767,000 | $16.2M | +5,103,000 |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1 | principal | 3,364,000 | $15.4M | +797,000 |
| EVOLENT HEALTH INCEVOLENT HEALTH INC NOTE 3.500%12/0 | principal | 22,573,000 | $15.3M | -7,489,000 |
| WORKIVA INCWORKIVA INC NOTE 1.125% 8/1 | principal | 13,072,000 | $15.3M | +2,329,000 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 9,682,000 | $15.1M | -9,785,000 |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 14,787,000 | $14.6M | -7,119,000 |
| NEOGENOMICS INCNEOGENOMICS INC NOTE 0.250% 1/1 | principal | 16,224,000 | $14.5M | -1,177,000 |
| SUNRUN INCSUNRUN INC NOTE 4.000% 3/0 | principal | 10,085,000 | $14.5M | new |
| CLEANSPARK INCCLEANSPARK INC NOTE 6/1 | principal | 13,301,000 | $13.8M | new |
| GUIDEWIRE SOFTWARE INCGUIDEWIRE SOFTWARE INC NOTE 1.250%11/0 | principal | 11,670,000 | $12.9M | new |
| EVOLENT HEALTH INCEVOLENT HEALTH INC DEBT 4.500% 8/1 | principal | 17,588,000 | $12.8M | +3,227,000 |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE 6/0 | principal | 14,435,000 | $12.1M | new |
| UGI CORP NEWUGI CORP NEW NOTE 5.000% 6/0 | principal | 8,009,000 | $11.4M | +2,500,000 |
| NCL CORP LTDNCL CORP LTD BOND | principal | 10,300,000 | $10.3M | +266,000 |
| JD.COM INCJD.COM INC NOTE 0.250% 6/0 | principal | 9,415,000 | $9.46M | -400,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 9,356,000 | $9.41M | -85,000 |
| APPLIED OPTOELECTRONICS INCAPPLIED OPTOELECTRONICS INC NOTE 2.750% 1/1 | principal | 7,756,000 | $9.07M | +4,956,000 |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 | principal | 10,085,000 | $9.03M | new |
| T1 ENERGY INCT1 ENERGY INC NOTE 5.250%12/0 | principal | 6,900,000 | $8.86M | new |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 8,319,000 | $8.76M | -3,061,000 |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 8,537,000 | $8.65M | new |
| SOLARIS ENERGY INFRAS INCSOLARIS ENERGY INFRAS INC NOTE 0.250%10/0 | principal | 7,730,000 | $8.39M | new |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 5,056,000 | $8.05M | -4,194,000 |
| UPSTART HLDGS INCUPSTART HLDGS INC NOTE 1.000%11/1 | principal | 9,118,000 | $8M | new |
| SOLARIS ENERGY INFRAS INCSOLARIS ENERGY INFRAS INC NOTE 4.750% 5/0 | principal | 3,905,000 | $7.84M | -2,675,000 |
| BOFA FIN LLCBOFA FIN LLC MTNF 0.600% 5/2 | principal | 6,800,000 | $7.41M | -1,000,000 |
| STRATEGY INCSTRATEGY INC NOTE 0.875% 3/1 | principal | 7,094,000 | $7.34M | +3,650,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 6,433,000 | $7.28M | -32,249,000 |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bond | principal | 7,250,000 | $7.24M | -7,836,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 5,474,000 | $6.97M | 0 |
| SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0 | principal | 7,159,000 | $6.78M | -19,198,000 |
| PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 5.500%12/0 | principal | 3,980,000 | $6.66M | +400,000 |
| INTEGER HLDGS CORPINTEGER HLDGS CORP NOTE 2.125% 2/1 | principal | 5,714,000 | $6.51M | +5,539,000 |
| BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 | principal | 6,398,000 | $6.44M | 0 |
| UNITY SOFTWARE INCUNITY SOFTWARE INC NOTE 11/1 | principal | 6,413,000 | $6.21M | 0 |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 3,615,000 | $5.96M | +1,780,000 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 5,660,000 | $5.83M | +167,000 |
| MGP INGREDIENTS INC NEWMGP INGREDIENTS INC NEW NOTE 1.875%11/1 | principal | 5,900,000 | $5.74M | 0 |
| CERENCE INCCERENCE INC NOTE 1.500% 7/0 | principal | 6,200,000 | $5.6M | +700,000 |
| SSR Mining IncSSR Mining Inc Convertible bond | principal | 4,208,000 | $5.53M | -3,850,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 4,525,000 | $5.53M | -1,985,000 |
| LITHIUM ARGENTINA AGLITHIUM ARGENTINA AG NOTE 1.750% 1/1 | principal | 5,809,000 | $5.32M | -530,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1 | principal | 1,001,000 | $5.32M | -476,000 |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 5,147,000 | $5.24M | 0 |
| PAGAYA U S HLDG CO LLCPAGAYA U S HLDG CO LLC NOTE 6.125%10/0 | principal | 2,822,000 | $5.2M | new |
| COGENT BIOSCIENCES INCCOGENT BIOSCIENCES INC NOTE 1.625%11/1 | principal | 4,400,000 | $5.18M | new |
| IMMUNOCORE HLDGS PLCIMMUNOCORE HLDGS PLC NOTE 2.500% 2/0 | principal | 5,600,000 | $5.15M | +3,500,000 |
| STRATEGY INCSTRATEGY INC NOTE 2.250% 6/1 | principal | 4,500,000 | $5M | new |
| THE REALREAL INCTHE REALREAL INC DEBT 4.000% 2/1 | principal | 2,800,000 | $4.81M | -1,524,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 1,400,000 | $4.73M | +450,000 |
| BOX INCBOX INC NOTE 1/1 | principal | 3,950,000 | $4.63M | -1,084,000 |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0 | principal | 4,266,000 | $4.62M | new |
| ITRON INCITRON INC NOTE 3/1 | principal | 4,508,000 | $4.47M | -24,045,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0 | principal | 4,350,000 | $4.47M | +375,000 |
| SNAP INCSNAP INC NOTE 0.125% 3/0 | principal | 4,850,000 | $4.4M | 0 |
| RAPID7 INCRAPID7 INC NOTE 0.250% 3/1 | principal | 4,426,000 | $4.2M | -612,000 |
| GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0 | principal | 6,000,000 | $4.1M | +2,000,000 |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 | principal | 4,086,000 | $3.81M | +873,000 |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 3,741,000 | $3.74M | -22,280,000 |
| MKS INC.MKS INC. NOTE 1.250% 6/0 | principal | 2,850,000 | $3.65M | +2,410,000 |
| PORCH GROUP INCPORCH GROUP INC DEBT 9.000% 5/1 | principal | 3,150,000 | $3.6M | new |
| MIRUM PHARMACEUTICALS INCMIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 | principal | 1,376,000 | $3.57M | +300,000 |
| BLOOM ENERGY CORPBLOOM ENERGY CORP NOTE 3.000% 6/0 | principal | 832,000 | $3.56M | new |
| FASTLY INCFASTLY INC NOTE 7.750% 6/0 | principal | 3,150,000 | $3.51M | new |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 2,886,000 | $3.35M | -15,000,000 |
| TXNM ENERGY INCTXNM ENERGY INC NOTE 5.750% 6/0 | principal | 2,479,000 | $3.34M | -7,155,000 |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 2.125% 5/1 | principal | 3,289,000 | $3.32M | new |
| SoFi Technologies, Inc.SoFi Technologies, Inc. NOTE 10/1 | principal | 2,554,000 | $3.3M | -1,900,000 |
| GREEN PLAINS INCGREEN PLAINS INC NOTE 5.250%11/0 | principal | 3,100,000 | $3.29M | new |
| STARWOOD PPTY TR INCSTARWOOD PPTY TR INC NOTE 6.750% 7/1 | principal | 3,000,000 | $3.2M | 0 |
| UPSTART HLDGS INCUPSTART HLDGS INC NOTE 2.000%10/0 | principal | 2,315,000 | $2.94M | new |
| BANDWIDTH INCBANDWIDTH INC NOTE 0.500% 4/0 | principal | 3,300,000 | $2.89M | 0 |
| IRONWOOD PHARMACEUTICALS INCIRONWOOD PHARMACEUTICALS INC NOTE 1.500% 6/1 | principal | 3,000,000 | $2.84M | new |
| RAPID7 INCRAPID7 INC NOTE 1.250% 3/1 | principal | 3,073,000 | $2.82M | -148,000 |
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 | principal | 2,200,000 | $2.81M | new |
| STRIDE INCSTRIDE INC NOTE 1.125% 9/0 | principal | 2,000,000 | $2.74M | 0 |
| Dropbox IncDropbox Inc Convertible bond | principal | 2,604,000 | $2.59M | 0 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0 | principal | 1,750,000 | $2.49M | new |
| BURLINGTON STORES INCBURLINGTON STORES INC NOTE 1.250%12/1 | principal | 1,500,000 | $2.23M | new |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 2,175,000 | $2.15M | 0 |
| CELCUITY INCCELCUITY INC NOTE 2.750% 8/0 | principal | 980,000 | $2.14M | 0 |
| VERITONE INCVERITONE INC NOTE 1.750%11/1 | principal | 2,107,000 | $2.01M | 0 |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 1,980,000 | $1.87M | 0 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 1,830,000 | $1.86M | -1,218,000 |
| REDWOOD TRUST INCREDWOOD TRUST INC Convertible | principal | 1,800,000 | $1.8M | 0 |
| NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1 | principal | 2,103,000 | $1.72M | -3,679,000 |
| FLUENCE ENERGY INCFLUENCE ENERGY INC NOTE 2.250% 6/1 | principal | 1,400,000 | $1.7M | new |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1 | principal | 1,570,000 | $1.64M | -750,000 |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 1,549,000 | $1.5M | -1,152,000 |
| BLACKLINE INCBLACKLINE INC NOTE 3/1 | principal | 1,160,000 | $1.15M | 0 |
| CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv | principal | 1,058,000 | $1.03M | 0 |
| CABLE ONE INCCABLE ONE INC NOTE | principal | 1,244,000 | $1.02M | -7,000,000 |
| PENN ENTERTAINMENT INCPENN ENTERTAINMENT INC NOTE 2.750% 5/1 | principal | 872,000 | $868K | -36,974,000 |
| PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNV | principal | 790,000 | $847K | 0 |
| ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026 | principal | 775,000 | $762K | 0 |
| MACOM TECH SOLUTIONS HLDGS IMACOM TECH SOLUTIONS HLDGS I NOTE 0.250% 3/1 | principal | 325,000 | $676K | -100,000 |
| HERBALIFE LTDHERBALIFE LTD NOTE 4.250% 6/1 | principal | 554,000 | $602K | -4,798,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1 | principal | 300,000 | $569K | 0 |
| AMC GLOBAL MEDIA INCAMC GLOBAL MEDIA INC NOTE 4.250% 2/1 | principal | 476,000 | $495K | 0 |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 | principal | 232,000 | $309K | -8,163,000 |
| CONFLUENT INCCONFLUENT INC NOTE 1/1 | principal | 285,000 | $277K | -40,822,000 |
| STRATEGY INCSTRATEGY INC NOTE12/0 | principal | 332,000 | $273K | new |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE 2.125% 9/0 | principal | 325,000 | $265K | new |
| EURONET WORLDWIDE INCEURONET WORLDWIDE INC NOTE 0.750% 3/1 | principal | 4,000 | $3.4K | 0 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 158,000 | $105M | put |
| AIRBNB INC CLASS AAIRBNB INC CLASS A | 40,318,000 | $39.5M | principal |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC | 15,340,000 | $18.7M | principal |
| Shopify IncShopify Inc | 16,204,000 | $17.1M | principal |
| ALARM COM HLDGS INCALARM COM HLDGS INC | 17,578,000 | $16.9M | principal |
| MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC. | 14,800,000 | $14.4M | principal |
| PAGERDUTY INCPAGERDUTY INC | 13,453,000 | $13.2M | principal |
| CABLE ONE INCCABLE ONE INC | 11,925,000 | $11.6M | principal |
| NEW MTN FIN CORPNEW MTN FIN CORP | 10,547,000 | $10.6M | principal |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP | 10,425,000 | $10.5M | principal |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC | 5,669,000 | $7.91M | principal |
| JETBLUE AIRWAYS CORPJETBLUE AIRWAYS CORP | 6,171,000 | $6.4M | principal |
| JDJD.COM INC | 150,000 | $5.25M | call |
| FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP | 4,510,000 | $4.89M | principal |
| Shift4 Payments IncShift4 Payments Inc | 4,570,000 | $4.7M | principal |
| AMGNAMGEN INC | 16,000 | $4.52M | shares |
| XOMETRY INCXOMETRY INC | 3,615,000 | $4.37M | principal |
| FANGDIAMONDBACK ENERGY INC | 30,000 | $4.29M | shares |
| AMZNAMAZON COM INC | 18,000 | $3.95M | shares |
| Q2 HLDGS INCQ2 HLDGS INC | 3,712,000 | $3.68M | principal |
| DROPBOX INCDROPBOX INC | 3,468,000 | $3.59M | principal |
| SPOTSPOTIFY TECHNOLOGY S A | 5,000 | $3.49M | shares |
| GMEGAMESTOP CORP | 125,000 | $3.41M | call |
| EXACT SCIENCES CORPEXACT SCIENCES CORP | 3,655,000 | $3.38M | principal |
| BMYBRISTOL-MYERS SQUIBB CO | 75,000 | $3.38M | shares |
| MDTMEDTRONIC PLC | 35,000 | $3.33M | shares |
| CHEESECAKE FACTORY INCCHEESECAKE FACTORY INC | 3,185,000 | $3.18M | principal |
| DALDELTA AIR LINES INC | 50,000 | $2.84M | shares |
| TAT&T INC | 100,000 | $2.82M | shares |
| CIMCHIMERA INVT CORP | 200,000 | $2.64M | call |
| CMICUMMINS INC | 6,000 | $2.53M | shares |
| GREEN PLAINS INCGREEN PLAINS INC | 2,625,000 | $2.52M | principal |
| MGMMGM RESORTS INTERNATIONAL | 70,000 | $2.43M | shares |
| SOUTHERN COSOUTHERN CO | 1,950,000 | $2.2M | principal |
| CIFRCIPHER DIGITAL INC | 160,000 | $2.01M | call |
| H WORLD GROUP LTDH WORLD GROUP LTD | 1,772,000 | $1.97M | principal |
| AGNCAGNC INVT CORP | 195,100 | $1.91M | call |
| CRWVCOREWEAVE INC | 12,500 | $1.71M | call |
| BTDRBITDEER TECHNOLOGIES GROUP | 100,000 | $1.71M | put |
| Viavi Solutions IncViavi Solutions Inc | 1,469,000 | $1.55M | principal |
| BILL HOLDINGS INCBILL HOLDINGS INC | 1,550,000 | $1.53M | principal |
| LYFTLYFT INC | 55,000 | $1.21M | call |
| REALTHE REALREAL INC | 100,000 | $1.06M | call |
| BEBLOOM ENERGY CORP | 10,000 | $846K | call |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION | 859,000 | $812K | principal |
| DFDVDEFI DEVELOPMENT CORP | 50,000 | $766K | shares |
| WAYFAIR INCWAYFAIR INC | 368,000 | $562K | principal |
| RIOTRIOT PLATFORMS INC | 28,500 | $542K | call |
| GOSSGOSSAMER BIO INC | 200,000 | $526K | call |
| RDWREDWIRE CORPORATION | 55,000 | $494K | call |
| HUBSHUBSPOT INC | 1,000 | $468K | shares |
| EQUINOX GOLD CORPEQUINOX GOLD CORP | 150,000 | $288K | principal |
| GGALGRUPO FINANCIERO GALICIA S.A | 10,000 | $276K | call |
| BBAIBIGBEAR AI HLDGS INC | 40,000 | $261K | shares |
| PLUGPLUG PWR INC | 100,000 | $233K | call |
| AURAURORA INNOVATION INC | 20,000 | $108K | call |
How Q4 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001140361-26-004346 | base | 2026-02-09 | acceptance time not in the bulk data set |