ADVENT CAPITAL MANAGEMENT DE's Q3 2026 13F: 13 new positions, 12 exits
Form 13F-HR for the quarter ended Sep 30, 2026 · filed Nov 9, 2026 · 55 reported positions · accession 0001140361-26-042650
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | APOLLO GLOBAL MANAGEMENT (APOPRA) | 5.3% | — | −5.3 pts | −1.09M sh | −100% |
| New | DUKE ENERGY CORP (DUKU) | — | 4.3% | +4.3 pts | +1.07M sh | new |
| Reduced | ALPHABET INC (GGLAP) | 6.6% | 5.3% | −1.3 pts | −364K sh | −22% |
| Increased | ALPHABET INC (GGLBP) | 5.1% | 6.6% | +1.5 pts | +338K sh | +27% |
| Increased | ARES MANAGEMENT CORP (ARESPRB) | 2.9% | 4.4% | +1.6 pts | +428K sh | +46% |
| Exited | STMicroelectronics NV (STM) | 1.0% | — | −1.0 pts | −173K sh | −100% |
| Increased | KKR & CO INC (KKRPRD) | 6.6% | 8.1% | +1.5 pts | +266K sh | +13% |
| Increased | Advent Convertible Bond ETF (ACVT) | 2.4% | 3.4% | +1.0 pts | +347K sh | +32% |
| Reduced | HP ENTERPRISE CO (HPEPRC) | 1.4% | 1.2% | −0.1 pts | −54,053 sh | −38% |
| Reduced | SHIFT4 PAYMENTS INC (FOURPRA) | 1.1% | 0.3% | −0.8 pts | −140K sh | −63% |
| Reduced | BANK OF AMERICA CORP (BACPRL) | 14.7% | 14.5% | −0.2 pts | −5,657 sh | −4% |
| Increased | WELLS FARGO & COMPANY (WFCPRL) | 14.1% | 14.3% | +0.2 pts | +5,054 sh | +3% |
| Increased | NEXTERA ENERGY INC (NEEPRS) | 8.4% | 8.4% | 0.0 pts | +83,786 sh | +4% |
| New | Lumentum Holdings Inc (LITE) | — | 0.3% | +0.3 pts | +3,500 sh | new |
| Reduced | SUPER MICRO COMPUTER INC (SMCIP) | 1.2% | 1.4% | +0.2 pts | −48,139 sh | −16% |
| Exited | ServiceNow Inc (NOW) | 0.3% | — | −0.3 pts | −35,000 sh | −100% |
| Increased | ALBEMARLE CORP (ALBPRA) | 0.8% | 1.0% | +0.2 pts | +70,458 sh | +37% |
| Reduced | MICROCHIP TECHNOLOGY INC (MCHPP) | 3.7% | 3.1% | −0.6 pts | −45,473 sh | −8% |
| Increased | Vertiv Holdings Co (VRT) | 0.2% | 0.4% | +0.2 pts | +12,000 sh | +171% |
| Exited | Rocket Cos Inc (RKT) | 0.2% | — | −0.2 pts | −190K sh | −100% |
| New | Bloom Energy Corp (BE) | — | 0.2% | +0.2 pts | +10,000 sh | new |
| New | Seagate Technology Holdings PL (STX) | — | 0.2% | +0.2 pts | +3,000 sh | new |
| Increased | SOUTHERN CO (SOMN) | 4.9% | 4.8% | 0.0 pts | +59,826 sh | +5% |
| New | Marvell Technology Inc (MRVL) | — | 0.2% | +0.2 pts | +10,000 sh | new |
| Exited | Wayfair Inc (W) | 0.2% | — | −0.2 pts | −30,000 sh | −100% |
| Exited | NVIDIA Corp (NVDA) | 0.2% | — | −0.2 pts | −13,000 sh | −100% |
| Exited | Cipher Digital Inc (CIFR) | 0.2% | — | −0.2 pts | −100K sh | −100% |
| New | Devon Energy Corp (DVN) | — | 0.2% | +0.2 pts | +50,000 sh | new |
| Exited | M&T Bank Corp (MTB) | 0.2% | — | −0.2 pts | −10,000 sh | −100% |
| Reduced | VSE CORP (VSECU) | 0.3% | 0.0% | −0.2 pts | −49,815 sh | −87% |
| New | IBM (IBM) | — | 0.2% | +0.2 pts | +10,000 sh | new |
| Reduced | Eaton Corp PLC (ETN) | 0.3% | 0.2% | −0.2 pts | −5,000 sh | −50% |
| New | Axon Enterprise Inc (AXON) | — | 0.2% | +0.2 pts | +5,000 sh | new |
| Exited | Lowe's Cos Inc (LOW) | 0.2% | — | −0.2 pts | −10,000 sh | −100% |
| New | Stryker Corp (SYK) | — | 0.1% | +0.1 pts | +5,000 sh | new |
| Increased | Micron Technology Inc (MU) | 0.2% | 0.3% | +0.1 pts | +1,000 sh | +56% |
| Reduced | BOEING CO/THE (BAPRA) | 4.8% | 4.3% | −0.5 pts | −18,042 sh | −2% |
| Reduced | QXO INC (QXOPRB) | 1.8% | 1.3% | −0.5 pts | −28,090 sh | −6% |
| Reduced | Sandisk Corp (SNDK) | 0.3% | 0.1% | −0.1 pts | −500 sh | −33% |
| Exited | Akamai Technologies Inc (AKAM) | 0.1% | — | −0.1 pts | −7,450 sh | −100% |
| Exited | MDA Space Ltd (MDALF) | 0.1% | — | −0.1 pts | −20,000 sh | −100% |
| Increased | Corning Inc (GLW) | 0.3% | 0.3% | −0.1 pts | +5,000 sh | +29% |
| Increased | ORACLE CORP (ORCLPRD) | 3.8% | 4.0% | +0.2 pts | +16,615 sh | +2% |
| New | Dynatrace Inc (DT) | — | 0.1% | +0.1 pts | +11,480 sh | new |
| Increased | NEXTERA ENERGY INC (NEEXU) | 0.1% | 0.1% | 0.0 pts | +14,000 sh | +54% |
| Increased | Amazon.com Inc (AMZN) | 0.2% | 0.3% | +0.1 pts | +2,000 sh | +18% |
| Increased | PPL CORPORATION (PPLCU) | 2.6% | 2.6% | 0.0 pts | +8,471 sh | +1% |
| Increased | Carnival Corp Ltd (CCL) | 0.2% | 0.2% | 0.0 pts | +15,000 sh | +18% |
| Exited | MarineMax Inc (HZO) | 0.0% | — | 0.0 pts | −10,400 sh | −100% |
| New | Wolfspeed Inc (WOLF) | — | 0.0% | 0.0 pts | +10,000 sh | new |
The 50 largest of 56 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 75.2% of the equity book
Changes in the top 10 this quarter: ARESPRB entered · DUKU entered · APOPRA left · ORCLPRD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | BANK OF AMERICA CORP (BACPRL) | 14.7% | 14.5% | |
| 2 | WELLS FARGO & COMPANY (WFCPRL) | 14.1% | 14.3% | |
| 3 | NEXTERA ENERGY INC (NEEPRS) | 8.4% | 8.4% | |
| 4 | KKR & CO INC (KKRPRD) | 6.6% | 8.1% | |
| 5 | ALPHABET INC (GGLBP) | 5.1% | 6.6% | |
| 6 | ALPHABET INC (GGLAP) | 6.6% | 5.3% | |
| 7 | SOUTHERN CO (SOMN) | 4.9% | 4.8% | |
| 8 | ARES MANAGEMENT CORP (ARESPRB) | 2.9% | 4.4% | Entered the top 10 |
| 9 | DUKE ENERGY CORP (DUKU) | 0.0% | 4.3% | Entered the top 10 |
| 10 | BOEING CO/THE (BAPRA) | 4.8% | 4.3% | |
| — | APOLLO GLOBAL MANAGEMENT (APOPRA) | 5.3% | 0.0% | Left the top 10 |
| — | ORACLE CORP (ORCLPRD) | 3.8% | 4.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | State Street SPDR S&P 500 ETF (SPY) | Put | 38,500 | 0 | $0 |
| New | iShares Russell 2000 ETF (IWM) | Put | 0 | 77,500 | $21.5M |
| Exited | Invesco QQQ Trust Series 1 (QQQ) | Put | 20,000 | 0 | $0 |
| Exited | Best Buy Co Inc (BBY) | Call | 100K | 0 | $0 |
| Exited | Super Micro Computer Inc (SMCI) | Call | 163K | 0 | $0 |
| Exited | Amazon.com Inc (AMZN) | Call | 12,500 | 0 | $0 |
| New | Norwegian Cruise Line Holdings (NCLH) | Call | 0 | 200K | $2.93M |
| Exited | BlackSky Technology Inc (BKSY) | Put | 100K | 0 | $0 |
| New | SPACEX (SPCX) | Call | 0 | 17,500 | $2.64M |
| Exited | Home Depot Inc/The (HD) | Call | 7,000 | 0 | $0 |
| New | Carnival Corp Ltd (CCL) | Call | 0 | 70,000 | $1.72M |
| Exited | SoFi Technologies Inc (SOFI) | Call | 70,000 | 0 | $0 |
| New | MARA Holdings Inc (MARA) | Call | 0 | 100K | $1.13M |
| Exited | Hertz Global Holdings Inc (HTZ) | Put | 400K | 0 | $0 |
| Exited | Bitdeer Technologies Group (BTDR) | Call | 55,000 | 0 | $0 |
| Exited | Plug Power Inc (PLUG) | Call | 300K | 0 | $0 |
| Exited | Wolfspeed Inc (WOLF) | Call | 16,000 | 0 | $0 |
| Exited | Snowflake Inc (SNOW) | Call | 3,000 | 0 | $0 |
| Exited | IREN Ltd (IREN) | Call | 15,000 | 0 | $0 |
| New | Arrowhead Pharmaceuticals Inc (ARWR) | Put | 0 | 10,000 | $655K |
| New | First Watch Restaurant Group I (FWRG) | Call | 0 | 40,000 | $407K |
| New | Viking Therapeutics Inc (VKTX) | Call | 0 | 10,000 | $326K |
| New | B2Gold Corp (BTG) | Call | 0 | 50,000 | $261K |