ADVENT CAPITAL MANAGEMENT /DE/

NEW YORK, NY · CIK 1097278 · 13F filing filed 2026-08-11

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyNew York, NY

$4.4bn reported value +29.8% vs Q1 2026

219positions

27.0%in top 10

63 new 67 added 63 reduced 47 sold out vs Q1 2026

Options: 13 call positions ($23.8m notional), 4 put positions ($47.2m notional) – listed below, not included above.

Also in the report of:

Russell Investments Group, Ltd. – $90.4m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	146,276	$183.9m4.19%	4.19%	Reduced -2.9k	-2,896 -1.9%
2	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	152,080	$176.6m4.02%	4.02%	Added +3.9k	+3,858 2.6%
3	UBER TECHNOLOGIES INC NOTE 0.875%12/0 · principal UBER 0.875 12.01.28 2028 · principal	UBER 0.875 12.01.28 2028	122,088,000	$146.4m3.33%	3.33%	Added +3.4m	+3,368,000 2.8%
4	DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal	DASH 0 05.15.30	141,271,000	$139.3m3.17%	3.17%	New
5	NEXTERA ENERGY INC UNIT 06/01/2027 NEE 7.299 06.01.27	NEE 7.299 06.01.27	1,953,959	$104.8m2.39%	2.39%	Added +16.8k	+16,843 0.9%
6	CMS ENERGY CORP NOTE 3.375% 5/0 · principal CMS 3.375 05.01.28 · principal	CMS 3.375 05.01.28	82,240,000	$92.3m2.10%	2.10%	Added +8.0m	+8,009,000 10.8%
7	PPL CAP FDG INC NOTE 2.875% 3/1 · principal PPL 2.875 03.15.28 · principal	PPL 2.875 03.15.28	80,083,000	$91.7m2.09%	2.09%	Added +9.6m	+9,641,000 13.7%
8	GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal	GPN 1.5 03.01.31	94,075,000	$85.1m1.94%	1.94%	Reduced -6.2m	-6,197,000 -6.2%
9	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	1,638,841	$82.7m1.88%	1.88%	New
10	AKAMAI TECHNOLOGIES INC NOTE 0.250% 5/1 · principal AKAM 0.25 05.15.33 · principal	AKAM 0.25 05.15.33	56,426,000	$82.4m1.88%	1.88%	New
11	KKR & CO INC 6.25 CON SER D KKR 6.25 03.01.28 D	KKR 6.25 03.01.28 D	2,056,082	$82.0m1.87%	1.87%	Added +11.0k	+11,017 0.5%
12	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	4,513,000	$76.1m1.73%	1.73%	Reduced -988.0k	-988,000 -18.0%
13	AEROVIRONMENT INC NOTE 7/1 · principal AVAV 0 07.15.30 · principal	AVAV 0 07.15.30	75,871,000	$72.5m1.65%	1.65%	Added +18.6m	+18,609,000 32.5%
14	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	1,088,860	$66.4m1.51%	1.51%	Reduced -214.6k	-214,576 -16.5%
15	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.29 · principal	SNOW 0 10.01.29	36,106,000	$63.9m1.46%	1.46%	Added +4.9m	+4,924,000 15.8%
16	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	1,267,980	$63.9m1.46%	1.46%	New
17	SOUTHERN CO UNIT 12/15/2028 SO 7.125 12.15.28 A	SO 7.125 12.15.28 A	1,215,477	$60.8m1.39%	1.39%	Added +94.1k	+94,102 8.4%
18	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	887,378	$60.2m1.37%	1.37%	Added +20.2k	+20,197 2.3%
19	TETRA TECH INC NEW DBCV 2.250% 8/1 · principal TTEK 2.25 08.15.28 · principal	TTEK 2.25 08.15.28	53,812,000	$57.2m1.30%	1.30%	Added +14.0m	+13,987,000 35.1%
20	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal	IRTC 1.5 09.01.29	47,419,000	$52.5m1.20%	1.20%	New
21	NEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 · principal NEE 3 03.01.27 · principal	NEE 3 03.01.27	38,877,000	$51.5m1.17%	1.17%	Added +3.8m	+3,760,000 10.7%
22	CLOUDFLARE INC NOTE 6/1 · principal NET 0 06.15.30 · principal	NET 0 06.15.30	39,635,000	$50.2m1.14%	1.14%	New
23	FIRSTENERGY CORP NOTE 3.875% 1/1 · principal FE 3.875 01.15.31 · principal	FE 3.875 01.15.31	44,372,000	$50.1m1.14%	1.14%	New
24	MERITAGE HOMES CORP NOTE 1.750% 5/1 · principal MTH 1.75 05.15.28 · principal	MTH 1.75 05.15.28	48,267,000	$50.1m1.14%	1.14%	Reduced -4.6m	-4,574,000 -8.7%
25	CENTERPOINT ENERGY INC NOTE 4.250% 8/1 · principal CNP 4.25 08.15.26 · principal	CNP 4.25 08.15.26	40,768,000	$49.8m1.13%	1.13%	Reduced -400.0k	-400,000 -1.0%
26	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.29 · principal	WEC 4.375 06.01.29	39,229,000	$48.8m1.11%	1.11%	Added +6.2m	+6,200,000 18.8%
27	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	1,055,583	$47.6m1.09%	1.09%	New
28	MICROCHIP TECHNOLOGY INC. DEP SHS REPSTG MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	603,716	$46.5m1.06%	1.06%	Reduced -157.0k	-157,018 -20.6%
29	SOUTHERN CO NOTE 4.500% 6/1 · principal SO 4.5 06.15.27 · principal	SO 4.5 06.15.27	40,642,000	$44.9m1.02%	1.02%	Reduced -2.2m	-2,183,000 -5.1%
30	RIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 · principal RIVN 3.625 10.15.30 · principal	RIVN 3.625 10.15.30	41,593,000	$44.7m1.02%	1.02%	Added +6.9m	+6,934,000 20.0%
31	SUPER MICRO COMPUTER INC NOTE 3.500% 3/0 · principal SMCI 3.5 03.01.29 · principal	SMCI 3.5 03.01.29	47,021,000	$44.0m1.00%	1.00%	Reduced -7.5m	-7,471,000 -13.7%
32	PG&E CORP NOTE 4.250%12/0 · principal PCG 4.25 12.01.27 · principal	PCG 4.25 12.01.27	42,689,000	$43.8m1.00%	1.00%	Reduced -1.9m	-1,939,000 -4.3%
33	AFFIRM HLDGS INC NOTE 0.750%12/1 · principal AFRM 0.75 12.15.29 · principal	AFRM 0.75 12.15.29	35,372,000	$41.4m0.94%	0.94%	Reduced -30.9m	-30,946,000 -46.7%
34	MARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 · principal VAC 3.25 12.15.27 · principal	VAC 3.25 12.15.27	38,888,000	$38.3m0.87%	0.87%	Reduced -290.0k	-290,000 -0.7%
35	STRATEGY INC NOTE 0.875% 3/1 · principal MSTR 0.875 03.15.31 · principal	MSTR 0.875 03.15.31	38,723,000	$35.8m0.82%	0.82%	Added +9.8m	+9,787,000 33.8%
36	ARES MANAGEMENT CORPORATION 6.75 SE B PFD ARES 6.75 10.01.27 B	ARES 6.75 10.01.27 B	939,089	$35.6m0.81%	0.81%	Added +6.0k	+6,000 0.6%
37	NCL CORP LTD NOTE 0.875% 4/1 · principal NCLH 0.875 04.15.30 · principal	NCLH 0.875 04.15.30	31,489,000	$35.2m0.80%	0.80%	New
38	MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 · principal MCHP 0.75 06.01.30 · principal	MCHP 0.75 06.01.30	31,723,000	$35.0m0.80%	0.80%	Added +27.3m	+27,346,000 624.8%
39	ALPHATEC HLDGS INC NOTE 0.750% 3/1 · principal ATEC 0.75 03.15.30 · principal	ATEC 0.75 03.15.30	35,108,000	$33.7m0.77%	0.77%	New
40	COINBASE GLOBAL INC NOTE 0.250% 4/0 · principal COIN 0.25 04.01.30 · principal	COIN 0.25 04.01.30	36,881,000	$33.1m0.75%	0.75%	Added +23.0m	+22,958,000 164.9%
41	PARSONS CORP DEL NOTE 2.625% 3/0 · principal PSN 2.625 03.01.29 · principal	PSN 2.625 03.01.29	33,272,000	$33.1m0.75%	0.75%	Added +730.0k	+730,000 2.2%
42	PPL CORP UNIT 02/15/2029 PPL 7 02.15.29	PPL 7 02.15.29	669,904	$32.7m0.75%	0.75%	New
43	GUIDEWIRE SOFTWARE INC NOTE 1.250%11/0 · principal GWRE 1.25 11.01.29 · principal	GWRE 1.25 11.01.29	32,838,000	$31.7m0.72%	0.72%	Reduced -5.6m	-5,595,000 -14.6%
44	SUNRUN INC NOTE 4.000% 3/0 · principal RUN 4 03.01.30 · principal	RUN 4 03.01.30	25,649,000	$30.8m0.70%	0.70%	Added +1.3m	+1,282,000 5.3%
45	RBB FUND TRUST ADVENT CONV BD ACVT	ACVT	1,076,400	$30.1m0.69%	0.69%	Reduced -7.1k	-7,100 -0.7%
46	DRAFTKINGS INC NEW NOTE 3/1 · principal DKNG 0 03.15.28 · principal	DKNG 0 03.15.28	31,277,000	$29.1m0.66%	0.66%	Reduced -1.4m	-1,375,000 -4.2%
47	GAMESTOP CORP NOTE 6/1 · principal GME 0 06.15.32 · principal	GME 0 06.15.32	28,165,000	$28.7m0.65%	0.65%	New
48	SUPER MICRO COMPUTER INC NOTE 6/1 · principal SMCI 0 06.15.30 · principal	SMCI 0 06.15.30	30,992,000	$27.5m0.63%	0.63%	New
49	DATADOG INC NOTE 12/0 · principal DDOG 0 12.01.29 · principal	DDOG 0 12.01.29	18,322,000	$26.1m0.59%	0.59%	Reduced -60.4m	-60,395,000 -76.7%
50	PORCH GROUP INC DEBT 9.000% 5/1 · principal PRCH 9 05.15.30 · principal	PRCH 9 05.15.30	17,672,000	$25.8m0.59%	0.59%	Added +14.5m	+14,522,000 461.0%
51	LIVE NATION ENTERTAINMENT IN NOTE 2.875% 1/1 · principal LYV 2.875 01.15.30 · principal	LYV 2.875 01.15.30	21,248,000	$25.7m0.59%	0.59%	Reduced -3.6m	-3,617,000 -14.6%
52	CLEANSPARK INC NOTE 6/1 · principal CLSK 0 06.15.30 · principal	CLSK 0 06.15.30	19,705,000	$25.6m0.58%	0.58%	Reduced -3.8m	-3,842,000 -16.3%
53	TRIP COM GROUP LTD NOTE 0.750% 6/1 · principal TCOM 0.75 06.15.29 · principal	TCOM 0.75 06.15.29	25,331,000	$25.0m0.57%	0.57%	Reduced -4.9m	-4,868,000 -16.1%
54	REPLIGEN CORP NOTE 1.000%12/1 · principal RGEN 1 12.15.28 · principal	RGEN 1 12.15.28	23,815,000	$24.5m0.56%	0.56%	Added +3.0m	+3,032,000 14.6%
55	GAMESTOP CORP NOTE 4/0 · principal GME 0 04.01.30 · principal	GME 0 04.01.30	23,506,000	$24.0m0.55%	0.55%	New
56	UBER TECHNOLOGIES INC NOTE 5/1 · principal UBER 0 05.15.28 · principal	UBER 0 05.15.28	20,634,000	$23.9m0.54%	0.54%	New
57	CELCUITY INC NOTE 0.250% 8/0 · principal CELC 0.25 08.01.32 · principal	CELC 0.25 08.01.32	20,700,000	$23.6m0.54%	0.54%	New
58	ETSY INC NOTE 0.125% 9/0 · principal ETSY 0.125 09.01.27 · principal	ETSY 0.125 09.01.27	24,876,000	$23.6m0.54%	0.54%	Added +1.8m	+1,755,000 7.6%
59	INTEGER HLDGS CORP DBCV 1.875% 3/1 · principal ITGR 1.875 03.15.30 · principal	ITGR 1.875 03.15.30	22,904,000	$22.4m0.51%	0.51%	New
60	RUBRIK INC. NOTE 6/1 · principal RBRK 0 06.15.30 · principal	RBRK 0 06.15.30	21,564,000	$22.1m0.50%	0.50%	New
61	BILL HOLDINGS INC NOTE 4/0 · principal BILL 0 04.01.30 · principal	BILL 0 04.01.30	25,221,000	$21.9m0.50%	0.50%	Added +3.0m	+2,961,000 13.3%
62	QXO INC 5.50 DEP PFD QXO 5.5 05.15.28 B	QXO 5.5 05.15.28 B	444,547	$21.8m0.50%	0.50%	Added +77.1k	+77,082 21.0%
63	UPSTART HLDGS INC NOTE 2.000%10/0 · principal UPST 2 10.01.29 · principal	UPST 2 10.01.29	18,825,000	$21.6m0.49%	0.49%	Added +4.0m	+4,003,000 27.0%
64	LANTHEUS HLDGS INC NOTE 2.625%12/1 · principal LNTH 2.625 12.15.27 · principal	LNTH 2.625 12.15.27	14,700,000	$21.4m0.49%	0.49%	Reduced -25.2m	-25,234,000 -63.2%
65	ARROWHEAD PHARMACEUTICALS IN NOTE 1/1 · principal ARWR 0 01.15.32 · principal	ARWR 0 01.15.32	17,840,000	$21.4m0.49%	0.49%	New
66	ENPHASE ENERGY INC NOTE 3/0 · principal ENPH 0 03.01.28 · principal	ENPH 0 03.01.28	22,411,000	$20.9m0.48%	0.48%	Reduced -5.1m	-5,069,000 -18.4%
67	PENNYMAC CORP NOTE 8.500% 6/0 · principal PMT 8.5 06.01.29 · principal	PMT 8.5 06.01.29	20,188,000	$20.8m0.47%	0.47%	Added +3.0m	+3,045,000 17.8%
68	DEXCOM INC NOTE 0.375% 5/1 · principal DXCM 0.375 05.15.28 · principal	DXCM 0.375 05.15.28	21,038,000	$19.7m0.45%	0.45%	Reduced -57.0k	-57,000 -0.3%
69	ITRON INC NOTE 1.375% 7/1 · principal ITRI 1.375 07.15.30 · principal	ITRI 1.375 07.15.30	19,396,000	$19.5m0.44%	0.44%	Reduced -2.3m	-2,275,000 -10.5%
70	SITIME CORP NOTE 6/1 · principal SITM 0 06.15.31 · principal	SITM 0 06.15.31	17,209,000	$19.1m0.43%	0.43%	New
71	STRATEGY INC NOTE 2.250% 6/1 · principal MSTR 2.25 06.15.32 · principal	MSTR 2.25 06.15.32	19,210,000	$18.4m0.42%	0.42%	Added +4.6m	+4,613,000 31.6%
72	MARA HOLDINGS INC NOTE 2.125% 9/0 · principal MARA 2.125 09.01.31 · principal	MARA 2.125 09.01.31	16,348,000	$18.4m0.42%	0.42%	Added +3.7m	+3,659,000 28.8%
73	FRESHPET INC NOTE 3.000% 4/0 · principal FRPT 3 04.01.28 · principal	FRPT 3 04.01.28	15,139,000	$17.7m0.40%	0.40%	Added +11.1m	+11,133,000 277.9%
74	NUTANIX INC NOTE 0.500%12/1 · principal NTNX 0.5 12.15.29 · principal	NTNX 0.5 12.15.29	17,619,000	$17.4m0.40%	0.40%	Added +3.4m	+3,447,000 24.3%
75	RIOT PLATFORMS INC NOTE 0.750% 1/1 · principal RIOT 0.75 01.15.30 · principal	RIOT 0.75 01.15.30	8,481,000	$17.1m0.39%	0.39%	Reduced -12.1m	-12,073,000 -58.7%
76	LIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 · principal LYV 3.125 01.15.29 · principal	LYV 3.125 01.15.29	9,433,000	$17.0m0.39%	0.39%	Added +938.0k	+938,000 11.0%
77	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV HPE 7.625 09.01.27	HPE 7.625 09.01.27	144,059	$16.8m0.38%	0.38%	Reduced -231.5k	-231,532 -61.6%
78	SNAP INC NOTE 0.500% 5/0 · principal SNAP 0.5 05.01.30 · principal	SNAP 0.5 05.01.30	20,531,000	$16.8m0.38%	0.38%	Reduced -2.0m	-1,987,000 -8.8%
79	AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 · principal AKAM 1.125 02.15.29 · principal	AKAM 1.125 02.15.29	13,929,000	$16.7m0.38%	0.38%	Reduced -21.9m	-21,915,000 -61.1%
80	MERIT MED SYS INC NOTE 3.000% 2/0 · principal MMSI 3 02.01.29 · principal	MMSI 3 02.01.29	15,250,000	$16.6m0.38%	0.38%	New
81	BRIDGEBIO PHARMA INC NOTE 2.250% 2/0 · principal BBIO 2.25 02.01.29 · principal	BBIO 2.25 02.01.29	14,548,000	$16.3m0.37%	0.37%	Reduced -4.3m	-4,322,000 -22.9%
82	ARRAY TECHNOLOGIES INC NOTE 1.000%12/0 · principal ARRY 1 12.01.28 · principal	ARRY 1 12.01.28	17,389,000	$16.2m0.37%	0.37%	Reduced -4.6m	-4,588,000 -20.9%
83	CYBERARK SOFTWARE LTD NOTE 6/1 · principal CYBR 0 06.15.30 · principal	CYBR 0 06.15.30	9,309,000	$15.5m0.35%	0.35%	New
84	HAEMONETICS CORP MASS NOTE 2.500% 6/0 · principal HAE 2.5 06.01.29 · principal	HAE 2.5 06.01.29	15,016,000	$15.3m0.35%	0.35%	Reduced -8.0m	-7,999,000 -34.8%
85	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	295,651	$15.2m0.35%	0.35%	New
86	EVERGY INC NOTE 4.500%12/1 · principal EVRG 4.5 12.15.27 · principal	EVRG 4.5 12.15.27	10,300,000	$14.7m0.33%	0.33%	Added +5.3m	+5,275,000 105.0%
87	NORTHERN OIL & GAS INC NOTE 3.625% 4/1 · principal NOG 3.625 04.15.29 · principal	NOG 3.625 04.15.29	14,977,000	$14.5m0.33%	0.33%	Added +1.6m	+1,581,000 11.8%
88	JAZZ INVESTMENTS I LTD NOTE 3.125% 9/1 · principal JAZZ 3.125 09.15.30 · principal	JAZZ 3.125 09.15.30	8,340,000	$14.3m0.33%	0.33%	Reduced -5.3m	-5,257,000 -38.7%
89	UPWORK INC NOTE 0.250% 8/1 · principal UPWK 0.25 08.15.26 · principal	UPWK 0.25 08.15.26	14,174,000	$14.1m0.32%	0.32%	Unchanged
90	SHIFT4 PMTS INC 6 SER A CNV PREF FOUR 6 05.01.28	FOUR 6 05.01.28	221,869	$13.8m0.31%	0.31%	Reduced -25.3k	-25,345 -10.2%
91	TELADOC HEALTH INC NOTE 1.250% 6/0 · principal TDOC 1.25 06.01.27 · principal	TDOC 1.25 06.01.27	14,056,000	$13.7m0.31%	0.31%	Reduced -483.0k	-483,000 -3.3%
92	VISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 · principal VSH 2.25 09.15.30 · principal	VSH 2.25 09.15.30	6,808,000	$13.6m0.31%	0.31%	Reduced -15.2m	-15,229,000 -69.1%
93	SUPER MICRO COMPUTER INC NOTE 2.250% 7/1 · principal SMCI 2.25 07.15.28 · principal	SMCI 2.25 07.15.28	13,592,000	$13.5m0.31%	0.31%	New
94	HALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 · principal HALO 1 08.15.28 · principal	HALO 1 08.15.28	9,129,000	$13.4m0.30%	0.30%	Added +1.3m	+1,262,000 16.0%
95	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	4,427,000	$13.1m0.30%	0.30%	Reduced -5.0m	-5,031,000 -53.2%
96	FIVE9 INC NOTE 1.000% 3/1 · principal FIVN 1 03.15.29 · principal	FIVN 1 03.15.29	14,598,000	$13.0m0.30%	0.30%	Added +159.0k	+159,000 1.1%
97	STMICROELECTRONICS N V NY REGISTRY STM	STM	172,862	$12.9m0.29%	0.29%	New
98	ENOVIS CORPORATION NOTE 3.875%10/1 · principal ENOV 3.875 10.15.28 · principal	ENOV 3.875 10.15.28	13,315,000	$12.9m0.29%	0.29%	Reduced -614.0k	-614,000 -4.4%
99	SHIFT4 PMTS INC NOTE 0.500% 8/0 · principal FOUR 0.5 08.01.27 · principal	FOUR 0.5 08.01.27	13,418,000	$12.8m0.29%	0.29%	Added +10.9m	+10,920,000 437.1%
100	UGI CORP NEW NOTE 5.000% 6/0 · principal UGI 5 06.01.28 · principal	UGI 5 06.01.28	9,544,000	$12.8m0.29%	0.29%	Added +1.1m	+1,141,000 13.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26	VTR 3.75 06.01.26	61,850,000	$92.9m61.9m shares
DUKE ENERGY CORP NEW DUK 4.125 04.15.26	DUK 4.125 04.15.26	28,645,000	$32.2m28.6m shares
NOVANTA INC NOVT 6.5 11.01.28	NOVT 6.5 11.01.28	287,611	$15.4m287.6k shares
NEOGENOMICS INC NEO 0.25 01.15.28	NEO 0.25 01.15.28	13,479,000	$12.3m13.5m shares
NCL CORP LTD NCLH 1.125 02.15.27	NCLH 1.125 02.15.27	9,534,000	$9.3m9.5m shares
SOFI TECHNOLOGIES INC SOFI 0 10.15.26	SOFI 0 10.15.26	8,948,000	$9.2m8.9m shares
APPLIED OPTOELECTRONICS INC		3,956,000	$8.9m4.0m shares
BURLINGTON STORES INC BURL 1.25 12.15.27	BURL 1.25 12.15.27	5,000,000	$8.3m5.0m shares
ETSY INC ETSY 0.125 10.01.26	ETSY 0.125 10.01.26	7,000,000	$6.8m7.0m shares
MGP INGREDIENTS INC NEW MGPI 1.875 11.15.41	MGPI 1.875 11.15.41	5,900,000	$5.7m5.9m shares
ALPHATEC HLDGS INC ATEC 0.75 08.01.26	ATEC 0.75 08.01.26	4,104,000	$4.1m4.1m shares
WAYFAIR INC W 3.5 11.15.28	W 3.5 11.15.28	2,183,000	$3.8m2.2m shares
GENERAL MTRS CO GM	GM	50,000	$3.7m50.0k shares
UNITED AIRLS HLDGS INC UAL	UAL	40,000	$3.7m40.0k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	7,000	$3.4m7.0k shares
Q2 HLDGS INC QTWO 0.75 06.01.26	QTWO 0.75 06.01.26	3,337,000	$3.3m3.3m shares
ABBVIE INC ABBV	ABBV	15,000	$3.3m15.0k shares
CARNIVAL CORP		125,000	$3.2m125.0k shares
PACIRA BIOSCIENCES INC PCRX 2.125 05.15.29	PCRX 2.125 05.15.29	3,285,000	$3.2m3.3m shares
CROWDSTRIKE HLDGS INC CRWD	CRWD	8,000	$3.1m8.0k shares
STARWOOD PPTY TR INC STWD 6.75 07.15.27	STWD 6.75 07.15.27	3,000,000	$3.1m3.0m shares
WORKIVA INC WK 1.125 08.15.26	WK 1.125 08.15.26	2,996,000	$3.0m3.0m shares
INTERNATIONAL BUSINESS MACHS IBM	IBM	12,000	$2.9m12.0k shares
LIBERTY MEDIA CORP DEL FWONK 2.25 08.15.27	FWONK 2.25 08.15.27	2,500,000	$2.9m2.5m shares
ALPHABET INC GOOG	GOOG	10,000	$2.9m10.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	38,500	$28.8m38.5k shares	Reduced
INVESCO QQQ TR QQQ · Put	QQQ	Put	20,000	$14.7m20.0k shares	New
BEST BUY INC BBY · Call	BBY	Call	100,000	$7.6m100.0k shares	New
SUPER MICRO COMPUTER INC SMCI · Call	SMCI	Call	162,500	$4.8m162.5k shares	New
AMAZON COM INC AMZN · Call	AMZN	Call	12,500	$3.0m12.5k shares	New
BLACKSKY TECHNOLOGY INC BKSY · Put	BKSY	Put	100,000	$2.8m100.0k shares	New
HOME DEPOT INC HD · Call	HD	Call	7,000	$2.5m7.0k shares	New
SOFI TECHNOLOGIES INC SOFI · Call	SOFI	Call	70,000	$1.3m70.0k shares	New
HERTZ GLOBAL HLDGS INC HTZ · Put	HTZ	Put	400,000	$906.0k400.0k shares	New
BITDEER TECHNOLOGIES GROUP BTDR · Call	BTDR	Call	55,000	$872.9k55.0k shares	New
PLUG POWER INC PLUG · Call	PLUG	Call	300,000	$813.0k300.0k shares	Added
WOLFSPEED INC WOLF · Call	WOLF	Call	16,000	$772.0k16.0k shares	New
SNOWFLAKE INC SNOW · Call	SNOW	Call	3,000	$763.5k3.0k shares	New
IREN LIMITED IREN · Call	IREN	Call	15,000	$686.0k15.0k shares	New
CIPHER MINING INC CIFR · Call	CIFR	Call	20,000	$490.0k20.0k shares	Reduced
ARRAY TECHNOLOGIES INC ARRY · Call	ARRY	Call	25,000	$185.2k25.0k shares	New
FMC CORP FMC · Call	FMC	Call	10,000	$115.0k10.0k shares	New