Advent Capital Management /de/
Advent Capital Management LLC is an alternative investment manager headquartered in New York, NY, United States. Founded in 1995, Advent specializes in managing convertible, fixed income, and equity-based strategies for a global clientele, including high net worth individuals, investment companies, pension plans, insurance companies, and government entities. The firm employs approximately 56 professionals and operates as a registered investment adviser.
Investment Strategy
Advent Capital Management LLC focuses on convertible arbitrage, fixed income, and other alternative investment strategies. The firm manages portfolios across traditional and alternative assets, seeking to generate returns through security selection in the convertible bond and fixed income markets. They serve institutional and high net worth investors by employing rigorous credit research, quantitative analysis, and active risk management.
Top Holdings
Equity Positions (38)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
W WFC-PL | WELLS FARGO & COMPANY | 4.49% | $210.8M | 180,009 | $1305.50 | $1174.13 | -$4.6M |
B BAC-PL | BANK OF AMERICA CORP | 4.41% | $207.1M | 172,838 | $1366.45 | $1213.00 | -$7.8M |
A APO-PA | APOLLO GLOBAL MANAGEMENT | 1.87% | $87.7M | 1,175,194 | $60.03 | $74.85 | +$7.3M |
N NEE-PR | NEXTERA ENERGY INC | 1.49% | $69.9M | 1,766,596 | $41.46 | $39.74 | -$2.3M |
G GTLS-PB | CHART INDUSTRIES INC | 0.30% | $14.3M | 236,552 | $55.48 | $60.40 | +$4.5M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF Trust | Sold | Put | $72.6M | 1,175 | $617.85 | $560.49 | -525 | -$22.5M |
C CSCO | Cisco Systems Inc | New | Call | $27.8M | 4,000 | $69.38 | $69.38 | +4,000 | +$27.8M |
H HOOD | Robinhood Markets Inc | New | Put | $9.4M | 1,000 | $93.63 | $93.63 | +1,000 | +$9.4M |
C CORZ | Core Scientific Inc | New | Call | $4.3M | 2,500 | $17.07 | $17.07 | +2,500 | +$4.3M |
N NCLH | Norwegian Cruise Line Holdings | New | Call | $4.1M | 2,000 | $20.28 | $20.28 | +2,000 | +$4.1M |
Industry Allocation
Investment Team (17)
| Name | Role | Location | |
|---|---|---|---|
A Alistair duPont | Equity Analyst, Investor | New York, NY , United States | |
 | Vice President, Product Specialist | New York, NY , United States | |
D Daniel Partlow | Managing Director, Chief Risk Officer | Westport, CT , United States | |
D David Endler | Managing Director | New York, NY , United States | |
D David Hulme | Managing Director | New York, NY , United States | |
M Marc Aylett | Portfolio Manager - High Yield | New York, NY , United States | |
M Matthew Vazquez | Vice President | New York, NY , United States | |
O Odell Lambroza | Senior Portfolio Manager | New York, NY , United States | |
O Oren Iunger | Research Analyst | New York, NY , United States | |
 | Managing Director | Wyckoff, NJ , United States |