Advent Capital Management

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Advent Capital Management reported 23 stock positions worth $55.8 million. Its top holding was Zoetis (ZTS) at 9.3% of the portfolio, followed by Abbvie (ABBV, 9.2%) and Home Depot (HD, 8.6%). Compared with Q1 2024, it opened 11 new positions, sold out of 18, added to 4 and reduced 5. The biggest buy was a new position in Home Depot (HD) and the biggest sale an exit from United Parcel Service Class B (UPS).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001097278
Portfolio Value: $55.8M (Q2 2024)
SEC Filing: 0001140361-24-036997 ↗ filed Aug 13, 2024

Holdings Value

Holdings 23 stocks · $55.8M


ZTS Zoetis Inc.	9.32%	30,000	$5.2M	Add +50.0%
ABBV Abbvie Inc.	9.23%	30,000	$5.1M	Add +50.0%
HD Home Depot Inc.	8.64%	14,000	$4.8M	New
AMZN Amazon.com Inc.	6.93%	20,000	$3.9M	Add +471.4%
GOOG Alphabet Inc. Class C	6.58%	20,000	$3.7M	Reduce -33.3%
ENPH Enphase Energy Inc.	6.26%	35,000	$3.5M	Add +40.0%
MGM MGM Resorts International	5.18%	65,000	$2.9M	Reduce -13.3%
OGN Organon & Co.	4.64%	125,000	$2.6M	No change
EXPE Expedia Group Inc.	4.52%	20,000	$2.5M	New
AMD Advanced Micro Devices	4.36%	15,000	$2.4M	New
AAPL Apple Inc.	4.15%	11,000	$2.3M	New
VZ Verizon Communications Inc.	4.07%	55,000	$2.3M	New
CVX Chevron Corp.	3.93%	14,000	$2.2M	New
CB Chubb Ltd.	3.66%	8,000	$2.0M	No change
GE General Electric filed as GE AEROSPACE	3.42%	12,000	$1.9M	New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	3.10%	10,000	$1.7M	Reduce -33.3%
SRPT Sarepta Therapeutics Inc.	2.83%	10,000	$1.6M	Reduce -50.0%
MU Micron Technology Inc.	2.36%	10,000	$1.3M	No change
XYZ Block Inc.	2.31%	20,000	$1.3M	Reduce -9.1%
NVDA Nvidia Corp.	2.22%	10,000	$1.2M	New
CCL Carnival Corp.	1.63%	48,600	$910K	New
IMAX Imax Corp.	0.44%	14,679	$246K	New
PMT Pennymac Mortgage Investment	0.22%	9,120	$125K	New

Options reported separately and not counted above: IWM puts ($15.2M), IWM calls ($8.1M), DELL calls ($4.6M), LYV puts ($2.3M), CIM calls ($1.3M), HUBS calls ($1.2M), TSLA puts ($1.1M), SRPT puts ($790K), TJX calls ($771K), PLTR calls ($760K), ARRY calls ($616K), KOS calls ($554K), and 6 more.

Other holdings (156): bonds, preferreds, convertibles and warrants · $4.1B (not counted above)

Security	Class	Shares / Principal	Value	Change
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	181,932	$221.6M	Add +0.1%
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	175,720	$212.2M	Reduce -4.9%
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	120,503,000	$121.8M	New
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	115,878,000	$117.4M	Reduce -9.3%
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	107,419,000	$106.3M	New
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	107,945,000	$104.0M	New
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	87,826,000	$94.4M	Add +41.6%
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	78,781,000	$83.3M	New
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	83,981,000	$82.5M	New
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26)	SER A MAND CNV	1,123,091	$77.3M	Add +2.4%
NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	1,760,847	$74.8M	Reduce -19.4%
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25)	NOTE 12/1 · principal	63,999,000	$73.9M	Add +119.3%
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	55,858,000	$68.2M	Add +929.1%
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	32,245,000	$68.0M	Reduce -13.0%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	70,379,000	$64.5M	Reduce -1.4%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	73,793,000	$61.6M	Reduce -27.0%
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	54,870,000	$60.1M	Reduce -7.9%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	70,452,000	$59.7M	Reduce -10.3%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	45,007,000	$58.2M	Reduce -35.6%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	58,413,000	$58.1M	Add +22.8%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	59,606,000	$58.0M	Add +7.1%
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	61,538,000	$56.8M	Reduce -21.9%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	50,241,000	$53.1M	New
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	56,176,000	$51.0M	Reduce -9.1%
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	90,941,000	$50.7M	Add +40.2%
SOUTHERN CO (SO 3.875 12/15/25)	NOTE 3.875%12/1 · principal	48,927,000	$50.1M	New
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	60,100,000	$48.2M	Add +8.2%
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	59,364,000	$48.2M	Reduce -9.5%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	56,286,000	$46.9M	Reduce -8.1%
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	47,888,000	$46.7M	New
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	47,779,000	$46.3M	New
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	37,834,000	$43.9M	Add +39.2%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	40,171,000	$41.6M	Reduce -34.1%
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	40,660,000	$40.9M	Reduce -50.4%
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	30,379,000	$40.9M	Add +17.6%
CABLE ONE INC (CABO 0 03/15/26)	NOTE 3/1 · principal	44,547,000	$39.2M	Reduce -1.5%
NCL CORPORATION LTD (NCLH 5.375 08/01/25)	NOTE 5.375% 8/0 · principal	31,333,000	$38.9M	Add +700.7%
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	36,509,000	$37.5M	Add +2.7%
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	37,030,000	$36.8M	Add +17.9%
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	40,004,000	$36.6M	Add +5.7%
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	35,586,000	$35.9M	Add +91.8%
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	37,517,000	$35.1M	Reduce -1.7%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	38,791,000	$35.1M	Add +4.2%
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	40,089,000	$33.3M	Reduce -11.1%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	35,994,000	$32.7M	Add +9.3%
CLOUDFLARE INC (NET 0 08/15/26)	NOTE 8/1 · principal	35,432,000	$32.3M	New
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	37,854,000	$31.7M	Add +7.3%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	25,335,000	$31.6M	Reduce -11.4%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	29,089,000	$31.5M	Reduce -35.3%
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	31,187,000	$30.8M	New
RAPID7 INC (RPD 0.25 03/15/27)	NOTE 0.250% 3/1 · principal	33,769,000	$30.4M	Reduce -5.7%
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	29,323,000	$30.3M	Add +5.4%
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	36,044,000	$30.0M	Reduce -1.4%
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	30,829,000	$28.9M	Reduce -16.9%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	28,115,000	$28.7M	Add +256.8%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	29,679,000	$28.2M	Reduce -34.3%
BENTLEY SYSTEMS (BSY 0.375 07/01/27)	NOTE 0.375% 7/0 · principal	30,251,000	$27.2M	Add +22.8%
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29)	NOTE 4.000% 5/0 · principal	19,793,000	$26.7M	New
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	31,899,000	$26.5M	Reduce -1.3%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	23,033,000	$25.7M	Reduce -53.9%
CONFLUENT INC (CFLT 0 01/15/27)	NOTE 1/1 · principal	29,712,000	$25.7M	Add +0.0%
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	20,996,000	$25.2M	Add +39.5%
MONGODB INC (MDB 0.25 01/15/26)	NOTE 0.250% 1/1 · principal	18,775,000	$24.8M	Add +45.6%
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	547,863	$24.5M	New
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29)	NOTE 1.500%12/1 · principal	24,882,000	$24.3M	New
MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24)	NOTE 0.125%11/1 · principal	22,463,000	$23.8M	Reduce -26.1%
NABORS INDUSTRIES INC (NBR 1.75 06/15/29)	NOTE 1.750% 6/1 · principal	31,830,000	$23.2M	New
NEOGENOMICS INC (NEO 0.25 01/15/28)	NOTE 0.250% 1/1 · principal	29,513,000	$23.1M	Reduce -2.1%
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	NOTE 6.000% 8/1 · principal	6,389,000	$20.8M	Reduce -9.1%
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B)	6.75DP CNV PFD B	412,708	$20.7M	Reduce -25.3%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	23,193,000	$18.7M	Reduce -42.1%
ALLIANT ENERGY CORP (LNT 3.875 03/15/26)	NOTE 3.875% 3/1 · principal	18,570,000	$18.6M	New
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	19,718,000	$17.2M	Reduce -26.8%
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26)	CONVERTIBLE BOND · principal	18,556,000	$16.4M	Add +12.1%
HUBSPOT INC (HUBS 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	7,106,000	$14.8M	Add +64.9%
CYBERARK SOFTWARE LTD (CYBR 0 11/15/24)	NOTE 11/1 · principal	8,395,000	$14.6M	Reduce -7.2%
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	15,679,000	$14.0M	Reduce -52.0%
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26)	NOTE 2.750% 5/1 · principal	12,319,000	$13.6M	Reduce -2.0%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	11,425,000	$12.8M	New
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	NOTE 0.750% 3/1 · principal	12,574,000	$12.3M	No change
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	8,273,000	$12.0M	Reduce -11.2%
NEXTERA ENERGY INC (NEE 7.299 06/01/27)	UNIT 06/01/2027	180,000	$11.9M	New
PALO ALTO NETWORKS (PANW 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	3,422,000	$11.7M	Reduce -39.9%
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	11,390,000	$11.0M	Reduce -71.0%
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	8,302,000	$10.9M	Reduce -16.4%
H WORLD GROUP LTD (HTHT 3 05/01/26)	NOTE 3.000% 5/0 · principal	9,853,000	$10.6M	Add +1.6%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27)	NOTE 1.500% 9/0 · principal	10,756,000	$10.6M	Add +1.5%
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	8,588,000	$10.1M	Add +347.3%
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	10,249,000	$9.9M	Reduce -69.8%
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	9,328,000	$9.6M	New
EVOLENT HEALTH INC (EVH 1.5 10/15/25)	NOTE 1.500%10/1 · principal	9,037,000	$8.8M	Add +151.8%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	10,615,000	$8.7M	Reduce -88.7%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28)	NOTE 1.750% 6/1 · principal	7,298,000	$8.1M	New
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	9,920,000	$7.6M	Reduce -13.8%
ENPHASE ENERGY INC (ENPH 0.25 03/01/25)	NOTE 0.250% 3/0 · principal	5,095,000	$6.9M	Reduce -10.9%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	7,894,000	$6.9M	Reduce -33.2%
SNAP INC (SNAP 0.75 08/01/26)	NOTE 0.750% 8/0 · principal	6,301,000	$6.8M	Reduce -92.1%
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27)	UNIT 02/01/2027	129,390	$6.2M	New
ENVESTNET INC (ENV 2.625 12/01/27)	NOTE 2.625%12/0 · principal	5,712,000	$6.2M	Reduce -78.9%
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27)	NOTE 5.500% 3/1 · principal	6,398,000	$5.9M	No change
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	6,448,000	$5.6M	Add +30.0%
Q2 HOLDINGS INC (QTWO 0.125 11/15/25)	NOTE 0.125%11/1 · principal	5,800,000	$5.5M	Add +93.3%
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	2,503,000	$5.3M	Add +250200.0%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	4,668,000	$5.1M	No change
CINEMARK HOLDINGS INC (CNK 4.5 08/15/25)	NOTE 4.500% 8/1 · principal	3,120,000	$5.0M	Reduce -46.7%
BOX INC (BOX 0 01/15/26)	NOTE 1/1 · principal	4,074,000	$4.7M	No change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	4,246,000	$4.6M	Reduce -6.8%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	5,669,000	$4.5M	No change
MIDDLEBY CORP (MIDD 1 09/01/25)	NOTE 1.000% 9/0 · principal	4,160,000	$4.5M	No change
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	4,190,000	$4.4M	Add +31.4%
WISDOMTREE INC (WT 5.75 08/15/28)	NOTE 5.750% 8/1 · principal	3,265,000	$4.1M	New
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	5,000,000	$4.0M	New
BANDWIDTH INC (BAND 0.5 04/01/28)	NOTE 0.500% 4/0 · principal	5,000,000	$3.8M	New
ZILLOW GROUP INC (Z 0.75 09/01/24)	NOTE 0.750% 9/0 · principal	3,290,000	$3.6M	No change
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	3,589,000	$3.2M	Add +205.7%
BURLINGTON STORES INC (BURL 2.25 04/15/25)	NOTE 2.250% 4/1 · principal	2,600,000	$3.1M	Add +73.3%
MGP INGREDIENTS INC (MGPI 1.875 11/15/41)	NOTE 1.875%11/1 · principal	2,900,000	$3.0M	No change
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	3,195,000	$3.0M	Reduce -23.9%
COMMERCE.COM INC (CMRC 0.25 10/01/26)	NOTE 0.250%10/0 · principal	3,233,000	$2.8M	Reduce -8.9%
RINGCENTRAL INC (RNG 0 03/01/25)	NOTE 3/0 · principal	2,891,000	$2.7M	No change
WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25)	NOTE 1.500% 4/0 · principal	2,500,000	$2.6M	No change
EVENTBRITE INC (EB 5 12/01/25)	NOTE 5.000%12/0 · principal	2,515,000	$2.5M	Reduce -21.4%
DROPBOX INC (DBX 0 03/01/26)	NOTE 3/0 · principal	2,604,000	$2.4M	No change
ENPHASE ENERGY INC (ENPH 0 03/01/26)	NOTE 3/0 · principal	2,175,000	$2.0M	Reduce -67.7%
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	2,070,000	$1.9M	New
FIVE9 INC (FIVN 0.5 06/01/25)	NOTE 0.500% 6/0 · principal	1,963,000	$1.9M	Reduce -0.1%
VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26)	NOTE 1.625% 3/1 · principal	1,717,000	$1.6M	New
BILL HOLDINGS INC (BILL 0 12/01/25)	NOTE 12/0 · principal	1,550,000	$1.4M	No change
GROUPON INC (GRPN 1.125 03/15/26)	NOTE 1.125% 3/1 · principal	1,320,000	$1.1M	New
BLACKLINE INC (BL 0 03/15/26)	NOTE 3/1 · principal	1,176,000	$1.1M	Reduce -98.1%
LYFT INC (LYFT 1.5 05/15/25)	NOTE 1.500% 5/1 · principal	979,000	$946K	No change
CABLE ONE INC (CABO 1.125 03/15/28)	NOTE 1.125% 3/1 · principal	1,244,000	$934K	No change
TPI COMPOSITES INC (TPIC 5.25 03/15/28)	NOTE 5.250% 3/1 · principal	1,576,000	$913K	New
NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25)	NOTE 2.500% 5/1 · principal	837,000	$812K	Reduce -90.4%
ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25)	NOTE 2.375% 6/0 · principal	687,000	$707K	No change
ZILLOW GROUP INC (Z 2.75 05/15/25)	NOTE 2.750% 5/1 · principal	591,000	$601K	Reduce -98.0%
CUTERA INC (CUTR 2.25 06/01/28)	NOTE 2.250% 6/0 · principal	2,000,000	$413K	New
AIRBNB INC (ABNB 0 03/15/26)	NOTE 3/1 · principal	316,000	$289K	No change
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	268,000	$277K	Reduce -17.0%
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26)	NOTE 1.000% 4/1 · principal	206,000	$217K	Reduce -93.4%
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26)	NOTE 1.750%12/1 · principal	185,000	$164K	No change
PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28)	NOTE 3.250% 4/0 · principal	56,000	$155K	No change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27)	NOTE 1.250% 5/1 · principal	146,000	$140K	Reduce -99.5%
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	125,000	$125K	No change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29)	NOTE 3.625% 4/1 · principal	104,000	$121K	Reduce -99.2%
INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25)	NOTE 0.500% 8/1 · principal	123,000	$116K	Reduce -11.5%
DISH NETWORK CORP (DISH 3.375 08/15/26)	NOTE 3.375% 8/1 · principal	21,000	$13K	New
COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26)	NOTE 1.500% 4/1 · principal	15,000	$11K	New
BLOOM ENERGY CORP (BE 2.5 08/15/25)	NOTE 2.500% 8/1 · principal	9,000	$10K	Reduce -99.8%
DEXCOM INC (DXCM 0.25 11/15/25)	NOTE 0.250%11/1 · principal	9,000	$9K	Reduce -99.8%
LIVEPERSON INC (LPSN 0 12/15/26)	NOTE 12/1 · principal	18,000	$9K	New
PELOTON INTERACTIVE INC (PTON 0 02/15/26)	NOTE 2/1 · principal	9,000	$8K	Reduce -100.0%
PERFICIENT INC (PRFT 0.125 11/15/26)	NOTE 0.125%11/1 · principal	8,000	$8K	Reduce -100.0%
RINGCENTRAL INC (RNG 0 03/15/26)	NOTE 3/1 · principal	8,000	$7K	Reduce -100.0%
HAEMONETICS CORP (HAE 0 03/01/26)	NOTE 3/0 · principal	7,000	$6K	Reduce -100.0%
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	6,000	$5K	Reduce -100.0%

Total filed on the 13F, all lines: $4.1B.

Portfolio Sells Q1 2024 → Q2 2024


UPS United Parcel Service Class B	Sold out	0.00%	−6.38
MDB Mongodb Inc.	Sold out	0.00%	−5.13
SLB SLB Ltd.	Sold out	0.00%	−5.10
CRM Salesforce Inc.	Sold out	0.00%	−4.31
JPM JPMorgan Chase & Co.	Sold out	0.00%	−4.30
AMGN Amgen Inc.	Sold out	0.00%	−4.07
DD Dupont DE Nemours Inc.	Sold out	0.00%	−3.84
DIS The Walt Disney Co.	Sold out	0.00%	−3.50
LGIH Lgi Homes Inc.	Sold out	0.00%	−3.33
TTWO Take-Two Interactive Softwre	Sold out	0.00%	−3.19
ZS Zscaler Inc.	Sold out	0.00%	−3.17
NEE Nextera Energy Inc.	Sold out	0.00%	−2.74
CPA Copa Holdings SA Class A	Sold out	0.00%	−2.24
CHEF The Chefs' Warehouse Inc.	Sold out	0.00%	−1.62
BAC Bank of America Corp.	Sold out	0.00%	−1.08
IBM Intl Business Machines Corp.	Reduce -33.3%	3.10%	−1.00
SRPT Sarepta Therapeutics Inc.	Reduce -50.0%	2.83%	−0.87
MIRM Mirum Pharmaceuticals Inc.	Sold out	0.00%	−0.45
XYZ Block Inc.	Reduce -9.1%	2.31%	−0.35
AFRM Affirm Holdings Inc.	Sold out	0.00%	−0.14
EB Eventbrite Inc. Class A	Sold out	0.00%	−0.07
GOOG Alphabet Inc. Class C	Reduce -33.3%	6.58%	+0.04
MGM MGM Resorts International	Reduce -13.3%	5.18%	+0.11

Portfolio Buys Q1 2024 → Q2 2024


HD Home Depot Inc.	New	8.64%	+8.64
AMZN Amazon.com Inc.	Add +471.4%	6.93%	+6.03
EXPE Expedia Group Inc.	New	4.52%	+4.52
ZTS Zoetis Inc.	Add +50.0%	9.32%	+4.48
AMD Advanced Micro Devices	New	4.36%	+4.36
AAPL Apple Inc.	New	4.15%	+4.15
VZ Verizon Communications Inc.	New	4.07%	+4.07
ABBV Abbvie Inc.	Add +50.0%	9.23%	+4.02
CVX Chevron Corp.	New	3.93%	+3.93
GE General Electric	New	3.42%	+3.42
NVDA Nvidia Corp.	New	2.22%	+2.22
ENPH Enphase Energy Inc.	Add +40.0%	6.26%	+1.93
CCL Carnival Corp.	New	1.63%	+1.63
IMAX Imax Corp.	New	0.44%	+0.44
PMT Pennymac Mortgage Investment	New	0.22%	+0.22

Options Activity Q1 2024 → Q2 2024


IWM iShares Russell 2000 ETF	put	New	75,000	$15.2M
IWM iShares Russell 2000 ETF	call	New	40,000	$8.1M
DELL Dell Technologies -C	call	New	33,000	$4.6M
LYV Live Nation Entertainment Inc.	put	New	25,000	$2.3M
CIM Chimera Investment Corp.	call	New	100,000	$1.3M
HUBS HubSpot Inc.	call	New	2,000	$1.2M
TSLA Tesla Inc.	put	New	5,400	$1.1M
SRPT Sarepta Therapeutics Inc.	put	New	5,000	$790K
TJX TJX Companies Inc.	call	New	7,000	$771K
PLTR Palantir Technologies Inc. Class A	call	New	30,000	$760K
ARRY Array Technologies Inc.	call	New	60,000	$616K
KOS Kosmos Energy Ltd.	call	New	100,000	$554K
IMAX Imax Corp.	call	New	30,000	$503K
FIVN FIVE9 Inc.	call	New	10,000	$441K
TPICQ Tpi Composites Inc.	put	New	100,000	$399K
MARA Mara Holdings Inc.	call	New	20,000	$397K
WOOF Petco Health and Wellness Co.	call	New	50,000	$189K
NOVAQ Sunnova Energy International	put	New	20,000	$112K
BANK OF AMER CORP	call	Sold out	850	$104Kbefore exit
DISNEY WALT CO	call	Sold out	40	$89Kbefore exit
FREEPORT MCMORAN INC	call	Sold out	400	$69Kbefore exit
AGNC INVT CORP	call	Sold out	2,000	$48Kbefore exit
CNH INDL N V	call	Sold out	3,000	$45Kbefore exit
BOEING CO	call	Sold out	75	$42Kbefore exit
KOSMOS ENERGY LTD	call	Sold out	600	$42Kbefore exit
CHIMERA INVT CORP	call	Sold out	4,000	$40Kbefore exit
INSULET CORP	put	Sold out	200	$35Kbefore exit
UBER TECHNOLOGIES INC	call	Sold out	380	$33Kbefore exit
NEW YORK CMNTY BANCORP INC	call	Sold out	2,500	$18Kbefore exit
RIVIAN AUTOMOTIVE INC	put	Sold out	1,500	$14Kbefore exit
SNOWFLAKE INC	call	Sold out	150	$12Kbefore exit
DKNG Draftkings Inc. Class A	call	Sold out	200	$11Kbefore exit
BOX INC	put	Sold out	500	$4Kbefore exit
STATE STR SPDR S&P 500 ETF T	put	Sold out	1,000	$4Kbefore exit
OPENDOOR TECHNOLOGIES INC	call	Sold out	82	$2Kbefore exit
SNAP INC	call	Sold out	250	$625before exit
ULTA BEAUTY INC	call	Sold out	25	$563before exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024


BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Add +0.1%	181,932	$221.6M
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	Reduce -4.9%	175,720	$212.2M
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	New	120,503,000	$121.8M
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	Reduce -9.3%	115,878,000	$117.4M
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	New	107,419,000	$106.3M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	New	107,945,000	$104.0M
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	Add +41.6%	87,826,000	$94.4M
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	New	78,781,000	$83.3M
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	New	83,981,000	$82.5M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26)	SER A MAND CNV	Add +2.4%	1,123,091	$77.3M
NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	Reduce -19.4%	1,760,847	$74.8M
PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25)	NOTE 0.250% 5/1 · principal	Sold out	25,839,000	$74.6Mbefore exit
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25)	NOTE 12/1 · principal	Add +119.3%	63,999,000	$73.9M
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	Add +929.1%	55,858,000	$68.2M
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	Reduce -13.0%	32,245,000	$68.0M
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	Reduce -1.4%	70,379,000	$64.5M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	Reduce -27.0%	73,793,000	$61.6M
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	Reduce -7.9%	54,870,000	$60.1M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	Reduce -10.3%	70,452,000	$59.7M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	Reduce -35.6%	45,007,000	$58.2M
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	Add +22.8%	58,413,000	$58.1M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	Add +7.1%	59,606,000	$58.0M
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	Reduce -21.9%	61,538,000	$56.8M
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	New	50,241,000	$53.1M
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	Reduce -9.1%	56,176,000	$51.0M
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	Add +40.2%	90,941,000	$50.7M
SOUTHERN CO (SO 3.875 12/15/25)	NOTE 3.875%12/1 · principal	New	48,927,000	$50.1M
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	Add +8.2%	60,100,000	$48.2M
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	Reduce -9.5%	59,364,000	$48.2M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Reduce -8.1%	56,286,000	$46.9M
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	New	47,888,000	$46.7M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	New	47,779,000	$46.3M
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	Add +39.2%	37,834,000	$43.9M
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	Reduce -34.1%	40,171,000	$41.6M
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	Reduce -50.4%	40,660,000	$40.9M
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	Add +17.6%	30,379,000	$40.9M
CABLE ONE INC (CABO 0 03/15/26)	NOTE 3/1 · principal	Reduce -1.5%	44,547,000	$39.2M
NCL CORPORATION LTD (NCLH 5.375 08/01/25)	NOTE 5.375% 8/0 · principal	Add +700.7%	31,333,000	$38.9M
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	Add +2.7%	36,509,000	$37.5M
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	Add +17.9%	37,030,000	$36.8M
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	Add +5.7%	40,004,000	$36.6M
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	Add +91.8%	35,586,000	$35.9M
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	Reduce -1.7%	37,517,000	$35.1M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	Add +4.2%	38,791,000	$35.1M
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	Reduce -11.1%	40,089,000	$33.3M
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	Add +9.3%	35,994,000	$32.7M
CLOUDFLARE INC (NET 0 08/15/26)	NOTE 8/1 · principal	New	35,432,000	$32.3M
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	Add +7.3%	37,854,000	$31.7M
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	Reduce -11.4%	25,335,000	$31.6M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	Reduce -35.3%	29,089,000	$31.5M

Showing the first 50 of 149.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	23	$91.9M	ACVT, STM, GLW, ETN, NOW
Q1 2026	28	$91.3M	ACVT, GM, UAL, NOW, ETN
Q4 2025	15	$60.9M	ACVT, ETN, NOC, ABBV, GM
Q3 2025	19	$71.8M	ACVT, AMGN, FANG, AMZN, ETN
Q2 2025	30	$83.2M	ACVT, META, AMGN, AVGO, IBM
Q1 2025	20	$52.4M	AVGO, LOW, FANG, NOC, DXCM
Q4 2024	23	$52.2M	UPS, EXPE, LOW, X, ABBV
Q3 2024	39	$58.8M	NVDA, WHR, HD, VLO, ETN
Q2 2024	23	$55.8M	ZTS, ABBV, HD, AMZN, GOOG
Q1 2024	30	$69.9M	GOOG, UPS, ABBV, MDB, SLB