Advent Capital Management

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

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Advent Capital Management reported 39 stock positions worth $58.8 million. Its top holding was Nvidia (NVDA) at 5.2% of the portfolio, followed by Whirlpool (WHR, 5.1%) and Home Depot (HD, 4.8%). Compared with Q2 2024, it opened 27 new positions, sold out of 11, added to 3 and reduced 6. The biggest buy was a new position in Whirlpool (WHR) and the biggest sale an exit from Zoetis (ZTS).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001097278
Portfolio Value: $58.8M (Q3 2024)
SEC Filing: 0001140361-24-046385 ↗ filed Nov 13, 2024

Holdings Value

Holdings 39 stocks · $58.8M


NVDA Nvidia Corp.	5.17%	25,000	$3.0M	Add +150.0%
WHR Whirlpool Corp.	5.10%	28,000	$3.0M	New
HD Home Depot Inc.	4.83%	7,000	$2.8M	Reduce -50.0%
VLO Valero Energy Corp.	4.60%	20,000	$2.7M	New
ETN Eaton Corp. PLC	4.51%	8,000	$2.7M	New
AVGO Broadcom Inc.	4.40%	15,000	$2.6M	New
EQT Eqt Corp.	4.36%	70,000	$2.6M	New
GOOG Alphabet Inc. Class C	4.27%	15,000	$2.5M	Reduce -25.0%
VZ Verizon Communications Inc.	4.20%	55,000	$2.5M	No change
TTWO Take-Two Interactive Softwre	4.18%	16,000	$2.5M	New
OGN Organon & Co.	4.07%	125,000	$2.4M	No change
MU Micron Technology Inc.	3.88%	22,000	$2.3M	Add +120.0%
BA The Boeing Co.	3.88%	15,000	$2.3M	New
GE General Electric filed as GE AEROSPACE	3.85%	12,000	$2.3M	No change
ENPH Enphase Energy Inc.	3.85%	20,000	$2.3M	Reduce -42.9%
MSFT Microsoft Corp.	3.66%	5,000	$2.2M	New
MGM MGM Resorts International	3.66%	55,000	$2.1M	Reduce -15.4%
AMZN Amazon.com Inc.	3.17%	10,000	$1.9M	Reduce -50.0%
X United States Steel Corp.	3.01%	50,000	$1.8M	New
FANG Diamondback Energy Inc.	2.93%	10,000	$1.7M	New
DLTR Dollar Tree Inc.	2.39%	20,000	$1.4M	New
LRCX Lam Research Corp.	2.08%	1,500	$1.2M	New
IMAX Imax Corp.	1.71%	48,895	$1.0M	Add +233.1%
PINS Pinterest Inc. Class A	1.65%	30,000	$971K	New
ULTA Ulta Beauty Inc.	1.32%	2,000	$778K	New
ITRI Itron Inc.	1.28%	7,050	$753K	New
PGY Pagaya Technologies Ltd. Class A	1.26%	70,000	$740K	New
CNK Cinemark Holdings Inc.	1.10%	23,294	$649K	New
MRK Merck & Co. Inc.	0.97%	5,000	$568K	New
HCAT Health Catalyst Inc.	0.90%	65,000	$529K	New
ANIP Ani Pharmaceuticals Inc.	0.87%	8,545	$510K	New
VRT Vertiv Holdings Co. Class A	0.85%	5,000	$497K	New
IONS Ionis Pharmaceuticals Inc.	0.68%	10,000	$401K	New
PENN Penn Entertainment Inc.	0.55%	17,246	$325K	New
DXCM Dexcom Inc.	0.30%	2,605	$175K	New
AMCX AMC Global Media Inc. filed as AMC NETWORKS INC	0.21%	14,490	$126K	New
PMT Pennymac Mortgage Investment	0.18%	7,584	$108K	Reduce -16.8%
SMCI Super Micro Computer Inc.	0.06%	88	$37K	New
WOLF Wolfspeed Inc.	0.04%	2,600	$25K	New

Options reported separately and not counted above: IWM puts ($66.3M), QQQ puts ($7.3M), HPE puts ($3.1M), SOFI calls ($2.4M), SNOW puts ($1.7M), UPST puts ($1.6M), BTDR puts ($1.6M), DLTR puts ($1.4M), CNK puts ($1.4M), NEM calls ($1.2M), ENPH calls ($1.1M), IMAX puts ($1.0M), and 16 more.

Other holdings (157): bonds, preferreds, convertibles and warrants · $3.9B (not counted above)

Security	Class	Shares / Principal	Value	Change
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	197,009	$251.3M	Add +8.3%
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	182,159	$232.5M	Add +3.7%
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	136,041,000	$120.7M	Add +62.0%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26)	SER A MAND CNV	1,461,117	$99.0M	Add +30.1%
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	98,178,000	$96.5M	Reduce -15.3%
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	89,589,000	$96.4M	Reduce -16.6%
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	77,619,000	$94.6M	Reduce -1.5%
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26)	NOTE 4.250% 8/1 · principal	92,079,000	$93.7M	New
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29)	NOTE 1.125% 2/1 · principal	89,452,000	$91.1M	New
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	71,567,000	$86.3M	Add +89.2%
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	66,624,000	$73.6M	Reduce -24.1%
NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	1,514,565	$71.3M	Reduce -14.0%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	80,203,000	$69.8M	Add +42.5%
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	62,936,000	$66.9M	Reduce -47.8%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	68,087,000	$63.0M	Reduce -3.3%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	60,613,000	$62.7M	Add +1.7%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	60,057,000	$60.9M	Reduce -44.4%
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	26,717,000	$59.9M	Reduce -17.1%
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26)	NOTE 3.625% 6/1 · principal	54,315,000	$55.9M	New
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	62,134,000	$55.3M	Reduce -15.8%
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	73,865,000	$55.1M	Add +24.4%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	61,393,000	$54.5M	Reduce -12.9%
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	50,624,000	$53.1M	Add +42.3%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	46,307,000	$52.6M	Add +2.9%
HP ENTERPRISE CO (HPE 7.625 09/01/27)	7.625 MAND CONV	848,603	$51.4M	New
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	47,831,000	$50.8M	Add +0.1%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	41,433,000	$42.8M	Add +47.4%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	39,057,000	$40.2M	Reduce -2.8%
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	31,891,000	$39.1M	Add +5.0%
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	42,190,000	$38.9M	Reduce -11.9%
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	39,465,000	$38.8M	Add +34.6%
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	37,669,000	$38.1M	Add +3.2%
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B)	6.75DP CNV PFD B	743,602	$37.3M	Add +80.2%
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26)	NOTE 2.750% 5/1 · principal	33,983,000	$36.9M	Add +175.9%
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	37,650,000	$36.6M	Add +22.1%
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	29,986,000	$35.9M	Reduce -45.4%
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	43,735,000	$35.1M	Reduce -27.2%
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	35,767,000	$34.3M	Reduce -41.9%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	34,355,000	$33.9M	Reduce -11.4%
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	38,146,000	$33.7M	Reduce -4.8%
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	34,463,000	$33.4M	Reduce -13.8%
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	32,744,000	$30.6M	Reduce -41.7%
SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28)	NOTE 2.625% 2/1 · principal	46,634,000	$30.6M	New
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	35,525,000	$30.6M	Reduce -6.2%
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	30,831,000	$30.6M	Reduce -16.7%
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	35,107,000	$30.5M	Reduce -2.6%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	30,006,000	$30.2M	Reduce -48.6%
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	78,775,000	$29.7M	Reduce -13.4%
CONFLUENT INC (CFLT 0 01/15/27)	NOTE 1/1 · principal	32,001,000	$28.4M	Add +7.7%
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	32,473,000	$28.1M	Add +1.8%
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	29,129,000	$26.4M	Reduce -6.6%
NEOGENOMICS INC (NEO 0.25 01/15/28)	NOTE 0.250% 1/1 · principal	31,663,000	$26.4M	Add +7.3%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	27,584,000	$26.1M	Reduce -23.4%
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29)	NOTE 3.875% 8/1 · principal	27,302,000	$25.8M	New
MONGODB INC (MDB 0.25 01/15/26)	NOTE 0.250% 1/1 · principal	18,444,000	$25.5M	Reduce -1.8%
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN)	MTNF 0.600% 5/2 · principal	22,802,000	$25.4M	New
NABORS INDUSTRIES INC (NBR 1.75 06/15/29)	NOTE 1.750% 6/1 · principal	31,075,000	$24.3M	Reduce -2.4%
RAPID7 INC (RPD 0.25 03/15/27)	NOTE 0.250% 3/1 · principal	26,309,000	$24.1M	Reduce -22.1%
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	22,894,000	$23.1M	Reduce -43.7%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	22,174,000	$23.0M	Reduce -55.9%
CABLE ONE INC (CABO 0 03/15/26)	NOTE 3/1 · principal	24,415,000	$22.5M	Reduce -45.2%
CABLE ONE INC (CABO 1.125 03/15/28)	NOTE 1.125% 3/1 · principal	26,485,000	$21.4M	Add +2029.0%
ALLIANT ENERGY CORP (LNT 3.875 03/15/26)	NOTE 3.875% 3/1 · principal	19,185,000	$20.1M	Add +3.3%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27)	NOTE 0.250% 3/0 · principal	20,008,000	$20.1M	New
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	19,410,000	$19.4M	Add +108.1%
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	20,709,000	$19.3M	Add +5.0%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	15,392,000	$19.0M	Add +34.7%
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	13,257,000	$18.1M	Reduce -36.9%
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30)	NOTE 2.250% 9/1 · principal	18,494,000	$17.0M	New
NEXTERA ENERGY INC (NEE 7.299 06/01/27)	UNIT 06/01/2027	302,663	$16.8M	Add +68.2%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	15,919,000	$16.4M	Reduce -46.4%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	18,944,000	$15.9M	Reduce -18.3%
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	22,429,000	$15.7M	Add +43.0%
HUBSPOT INC (HUBS 0.375 06/01/25)	NOTE 0.375% 6/0 · principal	7,687,000	$14.5M	Add +8.2%
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	10,881,000	$14.1M	Add +31.5%
WORKIVA INC (WK 1.25 08/15/28)	NOTE 1.250% 8/1 · principal	14,732,000	$14.0M	New
SOUTHERN CO (SO 3.875 12/15/25)	NOTE 3.875%12/1 · principal	12,227,000	$13.6M	Reduce -75.0%
SNAP INC (SNAP 0.75 08/01/26)	NOTE 0.750% 8/0 · principal	13,914,000	$13.5M	Add +120.8%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28)	NOTE 3.500% 6/0 · principal	8,937,000	$12.9M	New
HERBALIFE LTD (HLF 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	16,940,000	$12.5M	New
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	10,403,000	$12.5M	Add +21.1%
H WORLD GROUP LTD (HTHT 3 05/01/26)	NOTE 3.000% 5/0 · principal	9,919,000	$11.3M	Add +0.7%
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	11,174,000	$11.0M	Reduce -1.9%
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	NOTE 0.750% 3/1 · principal	10,546,000	$10.4M	Reduce -16.1%
ENPHASE ENERGY INC (ENPH 0.25 03/01/25)	NOTE 0.250% 3/0 · principal	6,786,000	$10.1M	Add +33.2%
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27)	UNIT 02/01/2027	166,590	$9.3M	Add +28.8%
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26)	NOTE 1.750%12/1 · principal	10,028,000	$9.2M	Add +5320.5%
PDD HOLDINGS INC (PDD 0 12/01/25)	NOTE 12/0 · principal	9,000,000	$9.1M	New
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27)	NOTE 1.500% 9/0 · principal	8,271,000	$8.8M	Reduce -23.1%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	7,522,000	$8.8M	New
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	190,000	$8.5M	Reduce -65.3%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29)	NOTE 3.625% 4/1 · principal	7,061,000	$8.1M	Add +6689.4%
PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28)	NOTE 3.250% 4/0 · principal	3,310,000	$7.9M	Add +5810.7%
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29)	NOTE 4.000% 5/0 · principal	5,316,000	$7.8M	Reduce -73.1%
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	9,557,000	$7.2M	Reduce -3.7%
TPI COMPOSITES INC (TPIC 5.25 03/15/28)	NOTE 5.250% 3/1 · principal	12,743,000	$7.1M	Add +708.6%
CYBERARK SOFTWARE LTD (CYBR 0 11/15/24)	NOTE 11/1 · principal	3,807,000	$7.1M	Reduce -54.6%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	4,491,000	$7.0M	Reduce -82.3%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	6,918,000	$6.5M	Reduce -34.8%
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27)	NOTE 5.500% 3/1 · principal	6,398,000	$6.1M	No change
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	6,397,000	$5.7M	Reduce -0.8%
Q2 HOLDINGS INC (QTWO 0.125 11/15/25)	NOTE 0.125%11/1 · principal	5,800,000	$5.6M	No change
EVOLENT HEALTH INC (EVH 1.5 10/15/25)	NOTE 1.500%10/1 · principal	5,198,000	$5.5M	Reduce -42.5%
BOX INC (BOX 0 01/15/26)	NOTE 1/1 · principal	3,950,000	$5.2M	Reduce -3.0%
TETRA TECH INC (TTEK 2.25 08/15/28)	DBCV 2.250% 8/1 · principal	3,761,000	$4.9M	New
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	5,669,000	$4.9M	No change
MIDDLEBY CORP (MIDD 1 09/01/25)	NOTE 1.000% 9/0 · principal	4,160,000	$4.9M	No change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	4,264,000	$4.7M	Add +0.4%
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	4,190,000	$4.7M	No change
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	4,717,000	$4.6M	Reduce -40.3%
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25)	NOTE 6.000% 8/1 · principal	1,223,000	$4.4M	Reduce -80.9%
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	4,647,000	$4.3M	Add +29.5%
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	1,795,000	$4.1M	Reduce -28.3%
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	2,720,000	$4.0M	Reduce -95.1%
UNITED STATES STEEL CORP (X 5 11/01/26)	NOTE 5.000%11/0 · principal	1,500,000	$4.0M	New
BENTLEY SYSTEMS (BSY 0.375 07/01/27)	NOTE 0.375% 7/0 · principal	3,766,000	$3.5M	Reduce -87.5%
PENNYMAC CORP (PMT 5.5 03/15/26)	NOTE 5.500% 3/1 · principal	3,507,000	$3.4M	New
REDFIN CORP (RDFN 0.5 04/01/27)	NOTE 0.500% 4/0 · principal	4,569,000	$3.4M	New
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29)	NOTE 2.250% 3/0 · principal	3,878,000	$3.4M	New
BURLINGTON STORES INC (BURL 2.25 04/15/25)	NOTE 2.250% 4/1 · principal	2,600,000	$3.3M	No change
LIVENT CORP (LTHM 4.125 07/15/25)	NOTE 4.125% 7/1 · principal	2,956,000	$3.2M	New
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25)	NOTE 12/1 · principal	2,610,000	$3.2M	Reduce -95.9%
MGP INGREDIENTS INC (MGPI 1.875 11/15/41)	NOTE 1.875%11/1 · principal	2,900,000	$3.1M	No change
NCL CORPORATION LTD (NCLH 5.375 08/01/25)	NOTE 5.375% 8/0 · principal	2,437,000	$3.0M	Reduce -92.2%
XOMETRY INC (XMTR 1 02/01/27)	NOTE 1.000% 2/0 · principal	3,524,000	$3.0M	New
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	2,886,000	$2.9M	Reduce -71.8%
COMMERCE.COM INC (CMRC 0.25 10/01/26)	NOTE 0.250%10/0 · principal	3,225,000	$2.9M	Reduce -0.3%
RINGCENTRAL INC (RNG 0 03/01/25)	NOTE 3/0 · principal	2,891,000	$2.8M	No change
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	3,044,000	$2.8M	New
BANDWIDTH INC (BAND 0.5 04/01/28)	NOTE 0.500% 4/0 · principal	3,300,000	$2.6M	Reduce -34.0%
DROPBOX INC (DBX 0 03/01/26)	NOTE 3/0 · principal	2,604,000	$2.5M	No change
ENPHASE ENERGY INC (ENPH 0 03/01/26)	NOTE 3/0 · principal	2,175,000	$2.0M	No change
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	2,070,000	$1.9M	No change
PROS HOLDINGS INC (PRO 2.25 09/15/27)	NOTE 2.250% 9/1 · principal	2,115,000	$1.9M	New
FIVE9 INC (FIVN 0.5 06/01/25)	NOTE 0.500% 6/0 · principal	1,963,000	$1.9M	No change
GROUPON INC (GRPN 1.125 03/15/26)	NOTE 1.125% 3/1 · principal	2,025,000	$1.8M	Add +53.4%
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	2,115,000	$1.7M	New
VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26)	NOTE 1.625% 3/1 · principal	1,688,000	$1.7M	Reduce -1.7%
BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29)	NOTE 8.500% 8/1 · principal	1,410,000	$1.6M	New
BILL HOLDINGS INC (BILL 0 12/01/25)	NOTE 12/0 · principal	1,550,000	$1.5M	No change
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	1,429,000	$1.3M	Reduce -55.3%
BLACKLINE INC (BL 0 03/15/26)	NOTE 3/1 · principal	1,160,000	$1.1M	Reduce -1.4%
CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26)	NOTE 0.625% 6/1 · principal	1,058,000	$974K	New
LYFT INC (LYFT 1.5 05/15/25)	NOTE 1.500% 5/1 · principal	979,000	$956K	No change
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	933,000	$866K	Reduce -97.5%
NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25)	NOTE 2.500% 5/1 · principal	802,000	$787K	Reduce -4.2%
ZILLOW GROUP INC (Z 2.75 05/15/25)	NOTE 2.750% 5/1 · principal	583,000	$652K	Reduce -1.4%
MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24)	NOTE 0.125%11/1 · principal	605,000	$605K	Reduce -97.3%
CUTERA INC (CUTR 2.25 06/01/28)	NOTE 2.250% 6/0 · principal	3,000,000	$480K	Add +50.0%
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	209,000	$227K	Reduce -22.0%
AIRBNB INC (ABNB 0 03/15/26)	NOTE 3/1 · principal	215,000	$201K	Reduce -32.0%
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26)	NOTE 1.000% 4/1 · principal	158,000	$196K	Reduce -23.3%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	115,000	$137K	Reduce -99.5%
Q2 HOLDINGS INC (QTWO 0.75 06/01/26)	NOTE 0.750% 6/0 · principal	102,000	$111K	Reduce -18.4%
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27)	NOTE 1.250% 5/1 · principal	108,000	$103K	Reduce -26.0%
ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25)	NOTE 2.375% 6/0 · principal	93,000	$101K	Reduce -86.5%
INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25)	NOTE 0.500% 8/1 · principal	97,000	$92K	Reduce -21.1%

Total filed on the 13F, all lines: $4.0B.

Portfolio Sells Q2 2024 → Q3 2024


ZTS Zoetis Inc.	Sold out	0.00%	−9.32
ABBV Abbvie Inc.	Sold out	0.00%	−9.23
EXPE Expedia Group Inc.	Sold out	0.00%	−4.52
AMD Advanced Micro Devices	Sold out	0.00%	−4.36
AAPL Apple Inc.	Sold out	0.00%	−4.15
CVX Chevron Corp.	Sold out	0.00%	−3.93
HD Home Depot Inc.	Reduce -50.0%	4.83%	−3.81
AMZN Amazon.com Inc.	Reduce -50.0%	3.17%	−3.76
CB Chubb Ltd.	Sold out	0.00%	−3.66
IBM Intl Business Machines Corp.	Sold out	0.00%	−3.10
SRPT Sarepta Therapeutics Inc.	Sold out	0.00%	−2.83
ENPH Enphase Energy Inc.	Reduce -42.9%	3.85%	−2.41
XYZ Block Inc.	Sold out	0.00%	−2.31
GOOG Alphabet Inc. Class C	Reduce -25.0%	4.27%	−2.31
CCL Carnival Corp.	Sold out	0.00%	−1.63
MGM MGM Resorts International	Reduce -15.4%	3.66%	−1.52
PMT Pennymac Mortgage Investment	Reduce -16.8%	0.18%	−0.04

Portfolio Buys Q2 2024 → Q3 2024


WHR Whirlpool Corp.	New	5.10%	+5.10
VLO Valero Energy Corp.	New	4.60%	+4.60
ETN Eaton Corp. PLC	New	4.51%	+4.51
AVGO Broadcom Inc.	New	4.40%	+4.40
EQT Eqt Corp.	New	4.36%	+4.36
TTWO Take-Two Interactive Softwre	New	4.18%	+4.18
BA The Boeing Co.	New	3.88%	+3.88
MSFT Microsoft Corp.	New	3.66%	+3.66
X United States Steel Corp.	New	3.01%	+3.01
NVDA Nvidia Corp.	Add +150.0%	5.17%	+2.95
FANG Diamondback Energy Inc.	New	2.93%	+2.93
DLTR Dollar Tree Inc.	New	2.39%	+2.39
LRCX Lam Research Corp.	New	2.08%	+2.08
PINS Pinterest Inc. Class A	New	1.65%	+1.65
MU Micron Technology Inc.	Add +120.0%	3.88%	+1.52
ULTA Ulta Beauty Inc.	New	1.32%	+1.32
ITRI Itron Inc.	New	1.28%	+1.28
IMAX Imax Corp.	Add +233.1%	1.71%	+1.27
PGY Pagaya Technologies Ltd. Class A	New	1.26%	+1.26
CNK Cinemark Holdings Inc.	New	1.10%	+1.10
MRK Merck & Co. Inc.	New	0.97%	+0.97
HCAT Health Catalyst Inc.	New	0.90%	+0.90
ANIP Ani Pharmaceuticals Inc.	New	0.87%	+0.87
VRT Vertiv Holdings Co. Class A	New	0.85%	+0.85
IONS Ionis Pharmaceuticals Inc.	New	0.68%	+0.68
PENN Penn Entertainment Inc.	New	0.55%	+0.55
DXCM Dexcom Inc.	New	0.30%	+0.30
AMCX AMC Global Media Inc.	New	0.21%	+0.21
SMCI Super Micro Computer Inc.	New	0.06%	+0.06
WOLF Wolfspeed Inc.	New	0.04%	+0.04

Options Activity Q2 2024 → Q3 2024


IWM iShares Russell 2000 ETF	put	Add +300.0%	300,000	$66.3M
IWM iShares Russell 2000 ETF	call	Sold out	40,000	$8.1Mbefore exit
QQQ Invesco QQQ Trust Series 1	put	New	15,000	$7.3M
DELL Dell Technologies -C	call	Sold out	33,000	$4.6Mbefore exit
HPE Hewlett Packard Enterprise	put	New	150,000	$3.1M
SOFI Sofi Technologies Inc.	call	New	300,000	$2.4M
LYV Live Nation Entertainment Inc.	put	Sold out	25,000	$2.3Mbefore exit
SNOW Snowflake Inc.	put	New	15,000	$1.7M
UPST Upstart Holdings Inc.	put	New	40,000	$1.6M
BTDR Bitdeer Technologies Group-A	put	New	200,000	$1.6M
DLTR Dollar Tree Inc.	put	New	20,000	$1.4M
CNK Cinemark Holdings Inc.	put	New	50,000	$1.4M
CIM Chimera Investment Corp.	call	Sold out	100,000	$1.3Mbefore exit
HUBS HubSpot Inc.	call	Sold out	2,000	$1.2Mbefore exit
NEM Newmont Corp.	call	New	22,000	$1.2M
ENPH Enphase Energy Inc.	call	New	10,000	$1.1M
TSLA Tesla Inc.	put	Sold out	5,400	$1.1Mbefore exit
IMAX Imax Corp.	put	New	50,000	$1.0M
COIN Coinbase Global Inc. Class A	put	New	5,500	$980K
FIVN FIVE9 Inc.	put	New	30,000	$862K
CAKE The Cheesecake Factory Inc.	call	New	20,000	$811K
RIVN Rivian Automotive Inc. Class A	put	New	70,000	$785K
ULTA Ulta Beauty Inc.	put	New	2,000	$778K
PLTR Palantir Technologies Inc. Class A	call	Sold out	30,000	$760Kbefore exit
YUMC Yum China Holdings Inc.	call	New	15,000	$675K
ARRY Array Technologies Inc.	call	Sold out	60,000	$616Kbefore exit
TJX TJX Companies Inc.	call	Reduce -35.7%	4,500	$529K
IMAX Imax Corp.	call	Sold out	30,000	$503Kbefore exit
FIVN FIVE9 Inc.	call	Sold out	10,000	$441Kbefore exit
HCAT Health Catalyst Inc.	put	New	50,000	$407K
TPICQ Tpi Composites Inc.	put	Sold out	100,000	$399Kbefore exit
MARA Mara Holdings Inc.	call	Sold out	20,000	$397Kbefore exit
M Macy's Inc.	call	New	20,000	$314K
NOVAQ Sunnova Energy International	call	New	30,000	$292K
WCC Wesco International Inc.	call	New	1,700	$286K
OPEN Opendoor Technologies Inc.	call	New	100,000	$200K
WOOF Petco Health and Wellness Co.	call	Sold out	50,000	$189Kbefore exit
HLF Herbalife Ltd.	put	New	25,000	$180K
WOLF Wolfspeed Inc.	call	New	17,500	$170K
NOVAQ Sunnova Energy International	put	Sold out	20,000	$112Kbefore exit

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

Notes & Other Activity Q2 2024 → Q3 2024


BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Add +8.3%	197,009	$251.3M
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	Add +3.7%	182,159	$232.5M
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	Add +62.0%	136,041,000	$120.7M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26)	SER A MAND CNV	Add +30.1%	1,461,117	$99.0M
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	Reduce -15.3%	98,178,000	$96.5M
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	Reduce -16.6%	89,589,000	$96.4M
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	Reduce -1.5%	77,619,000	$94.6M
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26)	NOTE 4.250% 8/1 · principal	New	92,079,000	$93.7M
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29)	NOTE 1.125% 2/1 · principal	New	89,452,000	$91.1M
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	Add +89.2%	71,567,000	$86.3M
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	Reduce -24.1%	66,624,000	$73.6M
NEXTERA ENERGY INC (NEE 6.926 09/01/25)	UNIT 09/01/2025	Reduce -14.0%	1,514,565	$71.3M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	Add +42.5%	80,203,000	$69.8M
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	Reduce -47.8%	62,936,000	$66.9M
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	Reduce -3.3%	68,087,000	$63.0M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	Add +1.7%	60,613,000	$62.7M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	Reduce -44.4%	60,057,000	$60.9M
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	Reduce -17.1%	26,717,000	$59.9M
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26)	NOTE 3.625% 6/1 · principal	New	54,315,000	$55.9M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26)	NOTE 11/1 · principal	Reduce -15.8%	62,134,000	$55.3M
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	Add +24.4%	73,865,000	$55.1M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	Reduce -12.9%	61,393,000	$54.5M
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	Add +42.3%	50,624,000	$53.1M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	Add +2.9%	46,307,000	$52.6M
HP ENTERPRISE CO (HPE 7.625 09/01/27)	7.625 MAND CONV	New	848,603	$51.4M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	Add +0.1%	47,831,000	$50.8M
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	Add +47.4%	41,433,000	$42.8M
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	Reduce -2.8%	39,057,000	$40.2M
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	Add +5.0%	31,891,000	$39.1M
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	Reduce -11.9%	42,190,000	$38.9M
COINBASE GLOBAL INC (COIN 0.5 06/01/26)	NOTE 0.500% 6/0 · principal	Add +34.6%	39,465,000	$38.8M
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25)	NOTE 7.500%10/1 · principal	Add +3.2%	37,669,000	$38.1M
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B)	6.75DP CNV PFD B	Add +80.2%	743,602	$37.3M
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26)	NOTE 2.750% 5/1 · principal	Add +175.9%	33,983,000	$36.9M
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	Add +22.1%	37,650,000	$36.6M
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	Reduce -45.4%	29,986,000	$35.9M
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	Reduce -27.2%	43,735,000	$35.1M
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	Reduce -41.9%	35,767,000	$34.3M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	Reduce -11.4%	34,355,000	$33.9M
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	Reduce -4.8%	38,146,000	$33.7M
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	Reduce -13.8%	34,463,000	$33.4M
CLOUDFLARE INC (NET 0 08/15/26)	NOTE 8/1 · principal	Sold out	35,432,000	$32.3Mbefore exit
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	Sold out	29,089,000	$31.5Mbefore exit
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	Reduce -41.7%	32,744,000	$30.6M
SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28)	NOTE 2.625% 2/1 · principal	New	46,634,000	$30.6M
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	Reduce -6.2%	35,525,000	$30.6M
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	Reduce -16.7%	30,831,000	$30.6M
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	Reduce -2.6%	35,107,000	$30.5M
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	Reduce -48.6%	30,006,000	$30.2M
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	Reduce -13.4%	78,775,000	$29.7M

Showing the first 50 of 168.

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