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Linden Advisors LP

SEC CIK
0001279396
Latest filing
Aug 14, 2026

Holdings in Q4 2021

Holdings as of Dec 31, 2021, filed Feb 14, 2022. Long positions only; changes compare share counts with Q3 2021.

Institution overview
Positions
720
+89 vs. Q3 2021
Portfolio value
$16.3B
−$654.2M (−3.8%) vs. Q3 2021
Filed
Feb 14, 2022
SEC
Holdings of Linden Advisors LP in Q4 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
Sea Ltd81141RAF7NOTE 2.375%12/0–$722.2M4.4%–––
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$713.1M4.4%–––
Cree Inc225447AD3NOTE 1.750% 5/0–$636.9M3.9%–––
Bill Com Hldgs Inc090043AB6NOTE 12/0–$493.5M3.0%–New–
Bilibili Inc.090040AD8NOTE 1.250% 6/1–$492.1M3.0%–––
Wayfair Inc.94419LAF8NOTE 1.000% 8/1–$382.1M2.3%–––
Bilibili Inc.090040AB2NOTE 1.375% 4/0–$356.0M2.2%–––
Datadog, Inc.23804LAB9NOTE 0.125% 6/1–$329.4M2.0%–––
Penn Natl Gaming Inc707569AU3NOTE 2.750% 5/1–$309.1M1.9%–––
Pinduoduo Inc722304AC6NOTE 12/0–$296.8M1.8%–––
Livongo Health Inc539183AA1NOTE 0.875% 6/0–$284.6M1.7%–––
Sea Ltd81141RAG5NOTE 0.250% 9/1–$271.9M1.7%–––
Snap Inc83304AAB2NOTE 0.750% 8/0–$269.3M1.6%–––
Exact Sciences Corp30063PAC9NOTE 0.375% 3/0–$266.8M1.6%–––
Okta, Inc.679295AF2NOTE 0.375% 6/1–$258.6M1.6%–––
MicroStrategy Inc594972AC5NOTE 0.750%12/1–$242.1M1.5%–New–
Okta, Inc.679295AD7NOTE 0.125% 9/0–$236.5M1.4%–––
Guardant Health, Inc.40131MAB5NOTE 11/1–$216.1M1.3%–New–
Jazz Investments I Ltd472145AF8NOTE 2.000% 6/1–$212.3M1.3%–––
Zillow Group, Inc.98954MAE1NOTE 0.750% 9/0–$206.6M1.3%–––
MongoDB, Inc.60937PAD8NOTE 0.250% 1/1–$203.3M1.2%–––
Farfetch Ltd30744WAD9NOTE 3.750% 5/0–$200.6M1.2%–––
Zillow Group, Inc.98954MAH4NOTE 2.750% 5/1–$179.4M1.1%–––
Workiva Inc98139AAB1NOTE 1.125% 8/1–$176.9M1.1%–––
Etsy Inc29786AAJ5NOTE 0.125%10/0–$175.5M1.1%–––
Wayfair Inc.94419LAD3NOTE 1.125%11/0–$173.8M1.1%–––
Huazhu Group Ltd44332NAB2NOTE 3.000% 5/0–$160.5M1.0%–––
Splunk Inc848637AD6NOTE 1.125% 9/1–$147.9M0.9%–––
Cerence Inc.156727AB5NOTE 3.000% 6/0–$137.0M0.8%–––
Callaway Golf Co131193AE4NOTE 2.750% 5/0–$135.9M0.8%–––
Zillow Group, Inc.98954MAG6NOTE 1.375% 9/0–$131.5M0.8%–––
Splunk Inc848637AF1NOTE 1.125% 6/1–$125.9M0.8%–––
Coupa Software Inc22266LAC0NOTE 0.125% 6/1–$120.7M0.7%–––
Coupa Software Inc22266LAF3NOTE 0.375% 6/1–$117.9M0.7%–––
Fiverr Intl Ltd33835LAA3NOTE 11/0–$116.8M0.7%–New–
Zendesk, Inc.98936JAD3NOTE 0.625% 6/1–$115.7M0.7%–New–
Sunpower Corp867652AL3DBCV 4.000% 1/1–$113.7M0.7%–––
2U, LLC90214JAB7NOTE 2.250% 5/0–$112.1M0.7%–––
Everbridge, Inc.29978AAC8NOTE 0.125%12/1–$108.1M0.7%–––
Yy Inc98426TAD8NOTE 0.750% 6/1–$106.2M0.7%–––
Nova Ltd.66980MAB2NOTE 10/1–$102.9M0.6%–New–
Bandwidth Inc.05988JAB9NOTE 0.250% 3/0–$102.2M0.6%–––
Q2 Hldgs Inc74736LAD1NOTE 0.750% 6/0–$101.9M0.6%–––
Momo Inc60879BAB3NOTE 1.250% 7/0–$101.0M0.6%–––
PagerDuty, Inc.69553PAB6NOTE 1.250% 7/0–$99.5M0.6%–––
Exact Sciences Corp30063PAB1NOTE 0.375% 3/1–$98.1M0.6%–––
Livent Corp.53814LAB4NOTE 4.125% 7/1–$98.1M0.6%–––
Chegg, Inc163092AF6NOTE 9/0–$96.8M0.6%–––
GDS Hldgs Ltd36165LAB4NOTE 2.000% 6/0–$96.8M0.6%–––
Lumentum Hldgs Inc55024UAD1NOTE 0.500%12/1–$95.7M0.6%–––
Health Catalyst, Inc.42225TAB3NOTE 2.500% 4/1–$94.1M0.6%–––
Yy Inc98426TAF3NOTE 1.375% 6/1–$93.7M0.6%–––
Green Plains Inc.393222AK0NOTE 2.250% 3/1–$91.8M0.6%–––
Chegg, Inc163092AD1NOTE 0.125% 3/1–$89.6M0.5%–––
Allscripts Healthcare Solutn01988PAF5NOTE 0.875% 1/0–$84.6M0.5%–––
Neogenomics Inc64049MAB6NOTE 0.250% 1/1–$80.8M0.5%–––
Baozun Inc.06684LAB9NOTE 1.625% 5/0–$75.8M0.5%–––
Herbalife Ltd.42703MAD5NOTE 2.625% 3/1–$75.1M0.5%–––
Five9, Inc.338307AD3NOTE 0.500% 6/0–$75.1M0.5%–––
Cardlytics, Inc.14161WAB1NOTE 1.000% 9/1–$73.1M0.4%–––
Liveperson Inc538146AD3NOTE 12/1–$71.1M0.4%–New–
Q2 Hldgs Inc74736LAF6NOTE 0.125%11/1–$67.8M0.4%–New–
Infinera Corp45667GAE3NOTE 2.500% 3/0–$67.5M0.4%–––
LendingTree, Inc.52603BAD9NOTE 0.500% 7/1–$62.1M0.4%–––
NovoCure Ltd67011XAB9NOTE 11/0–$58.6M0.4%–New–
Wayfair Inc.94419LAM3NOTE 0.625%10/0–$58.2M0.4%–––
Evolent Health, Inc.30050BAF8NOTE 3.500%12/0–$57.0M0.3%–––
Par Technology Corp698884AE3NOTE 1.500%10/1–$56.0M0.3%–––
Lyft, Inc.55087PAB0NOTE 1.500% 5/1–$55.8M0.3%–––
8X8 Inc282914AB6NOTE 0.500% 2/0–$52.9M0.3%–––
iQIYI, Inc.46267XAE8NOTE 4.000%12/1–$52.8M0.3%–––
Apollo Coml Real Est Fin Inc03762UAB1NOTE 4.750% 8/2–$52.7M0.3%–––
Huazhu Group Ltd16949NAC3NOTE 0.375%11/0–$52.5M0.3%–––
Evolent Health, Inc.30050BAD3NOTE 1.500%10/1–$52.5M0.3%–––
PROS Holdings, Inc.74346YAG8NOTE 2.250% 9/1–$49.4M0.3%–New–
Ezcorp Inc302301AF3NOTE 2.875% 7/0–$44.2M0.3%–––
Model N, Inc.607525AB8NOTE 2.625% 6/0–$43.3M0.3%–––
Eventbrite, Inc.29975EAB5NOTE 5.000%12/0–$41.5M0.3%–––
Smart Global Hldgs Inc83205YAB0NOTE 2.250% 2/1–$39.9M0.2%–––
Opko Health, Inc.68375NAD5NOTE 4.500% 2/1–$39.6M0.2%–––
PROS Holdings, Inc.74346YAH6NOTE 1.000% 5/1–$38.9M0.2%–––
Hannon Armstrong Sust Infr C41068XAD2NOTE 8/1–$38.2M0.2%–––
Maxeon Solar Technologies LT57779BAB0NOTE 6.500% 7/1–$36.2M0.2%–––
Live Nation Entertainment IN538034AU3NOTE 2.000% 2/1–$34.4M0.2%–New–
Rapid7, Inc.753422AD6NOTE 2.250% 5/0–$33.9M0.2%–––
Cohn Robbins Holdings CorpG23726105COM CL A3,450,668$33.9M0.2%00.0%Unchanged–
E Merge Technology Acquisiti26873Y104COM CL A3,281,642$32.3M0.2%00.0%Unchanged–
Liveperson Inc538146AB7NOTE 0.750% 3/0–$31.8M0.2%–––
Social Capital Hedosopha HLDG8251L105SHS CL A3,098,148$31.6M0.2%+373,000+13.7%Added–
Best Inc08653CAB2NOTE 1.750%10/0–$31.5M0.2%–––
Nevro Corp64157FAC7NOTE 2.750% 4/0–$31.4M0.2%–––
Innoviva, Inc.45781MAB7NOTE 2.500% 8/1–$30.0M0.2%–––
Ironwood Pharmaceuticals Inc46333XAF5NOTE 0.750% 6/1–$29.9M0.2%–––
Tortoiseecofin Acquisition CG8956E208UNIT 99/99/99992,970,000$29.5M0.2%00.0%Unchanged–
CVIIChurchill Capital Corp VIICOM CL A3,000,000$29.5M0.2%00.0%UnchangedHistory
Apollo Coml Real Est Fin Inc03762UAC9NOTE 5.375%10/1–$29.3M0.2%–––
Encore Cap Europe Fin Ltd29260UAA5NOTE 4.500% 9/0–$28.8M0.2%–––
INSMED Inc457669AB5NOTE 0.750% 6/0–$28.8M0.2%–––
Mfa Finl Inc55272XAA0NOTE 6.250% 6/1–$28.5M0.2%–––
North Atlantic Acquisitn CorG66139109CL A SHS2,895,320$28.4M0.2%00.0%Unchanged–

Options (3)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Linden Advisors LP in Q4 2021
SecurityClassPutsCalls
State Street Financial Select Sector SPDR ETF81369Y605ETF–$7.81M
Redball Acquisition CorpG7417R105COM CL A–$1.98M
Social Capital Hedosopha HLDG8251L105SHS CL A–$303.0K

Sold out since Q3 2021 (99)

Positions held at the end of Q3 2021 that are gone from this filing.

Positions of Linden Advisors LP sold out since Q3 2021
SecurityClassShares in Q3 2021Value in Q3 2021% of portfolio in Q3 2021History
American Eagle Outfitters IN02553EAB2NOTE 3.750% 4/1–$204.8M1.2%–
Square Inc852234AF0NOTE 0.125% 3/0–$81.3M0.5%–
Plug Power Inc72919PAD5NOTE 3.750% 6/0–$72.7M0.4%–
NTRANatera, Inc.CONV BD US–$60.6M0.4%History
GLAUKOS Corp377322AB8NOTE 2.750% 6/1–$53.0M0.3%–
iQIYI, Inc.46267XAB4NOTE 3.750%12/0–$49.9M0.3%–
Invitae Corp46185LAB9NOTE 2.000% 9/0–$39.8M0.2%–
TheRealReal, Inc.88339PAB7NOTE 3.000% 6/1–$30.5M0.2%–
HZACHorizon Acquisition CorpCOM CL A2,993,982$29.9M0.2%History
RNWReNew Energy Global plcCL A SHS2,000,000$20.4M0.1%History
BZUNBaozun Inc.SPONSORED ADR1,158,700$20.3M0.1%History
Halozyme Therapeutics, Inc.40637HAB5NOTE 1.250%12/0–$19.1M0.1%–
Pacira BioSciences, Inc.695127AF7NOTE 0.750% 8/0–$18.9M0.1%–
AURAurora Innovation, Inc.CLASS A ORD SHS1,800,000$17.9M0.1%History
Golar LNG Ltd38046YAB7NOTE 2.750% 2/1–$16.4M0.1%–
GGPIGores Guggenheim, Inc.CLASS A COM1,500,000$15.3M0.1%History
Tabula Rasa HealthCare, Inc.873379AA9NOTE 1.750% 2/1–$15.2M0.1%–
Blackline, Inc.09239BAB5NOTE 0.125% 8/0–$13.5M0.1%–
CHP Merger Corp.12558Y106COM CL A1,299,776$13.0M0.1%–
RKLBRocket Lab CorpCOM750,000$12.1M0.1%History
AMPSAltus Power, Inc.COM CL A1,218,005$12.1M0.1%History
Dmy Technology Group Inc III233278100COM CLASS A1,150,000$12.0M0.1%–
Helix Energy Solutions Grp I42330PAH0NOTE 4.250% 5/0–$11.6M0.1%–
DCGODocGo Inc.COM CL A1,067,457$10.6M0.1%History
Solid Power, Inc.24279D105CLASS A COM1,000,000$10.1M0.1%–
Northern Genesis Acquisition66516U101COMMON STOCK988,220$9.81M0.1%–
Impinj Inc453204AA7NOTE 2.000%12/1–$9.10M0.1%–
Pegasystems Inc705573AB9NOTE 0.750% 3/0–$9.04M0.1%–
Ironwood Pharmaceuticals Inc46333XAH1NOTE 1.500% 6/1–$8.46M<0.1%–
SPIRSpire Global, Inc.COM CL A600,000$7.52M<0.1%History
Leo Holdings III CorpG5463T108SHS CL A750,000$7.45M<0.1%–
Sarepta Therapeutics, Inc.803607AB6DBCV 1.500%11/1–$7.41M<0.1%–
Fireeye Inc31816QAF8NOTE 0.875% 6/0–$7.11M<0.1%–
Inseego Corp.45782BAD6NOTE 3.250% 5/0–$7.11M<0.1%–
Power & Digital Infra Acq Co739190106COM CL A693,690$7.01M<0.1%–
Isos Acquisition CorporationG4962C112SHARES CL A700,000$6.99M<0.1%–
BridgeBio Pharma, Inc.10806XAB8NOTE 2.500% 3/1–$6.91M<0.1%–
Sports Entertainment Acqu Co84918M106COM CL A679,202$6.81M<0.1%–
Broadstone Acquisition CorpG1739V100SHS CL A678,209$6.75M<0.1%–
Revelation Biosciences, Inc.716421102COM658,826$6.64M<0.1%–
Beauty Health Co88331L116EQUITY WRT447,507$6.46M<0.1%–
East Stone Acquisition CorpG2911D108SHS608,641$6.21M<0.1%–
CF Acquisition Corp V12520R106CL A531,141$5.26M<0.1%–
RingCentral, Inc.76680RAH0NOTE 3/1–$5.08M<0.1%–
DDMXCodere Online U.S. Corp.COM CL A511,562$5.07M<0.1%History
Thimble Point Acquisition Co88408P107COM CL A495,346$4.92M<0.1%–
Spartacus Acquisition Corp84677L109CL A485,144$4.92M<0.1%–
Gores Hldgs VIII Inc382863108CL A500,000$4.91M<0.1%–
Marquee Raine Acquisition CoG58442107CL A SHS487,202$4.87M<0.1%–
Momentus Inc.60879E119*W EXP 05/15/2021,683,319$4.49M<0.1%–
ACHRArcher Aviation Inc.Stock500,000$4.44M<0.1%History
Ion Acquisition Corp 2 LtdG49393104SHS CL A425,000$4.21M<0.1%–
Dila Capital Acquisition Cor254028202UNIT 99/99/9999400,000$4.15M<0.1%–
GS Acquisition Hldgs Corp II36258Q105COM CL A387,900$3.96M<0.1%–
BTRS Holdings Inc.11778X112*W EXP 01/12/2021,427,571$3.85M<0.1%–
Redwood Tr Inc758075AD7NOTE 5.625% 7/1–$3.62M<0.1%–
ADTHAdTheorent Holding Company, Inc.COM CL A350,000$3.46M<0.1%History
SWBKSwitchback II CorpCOM CL A338,902$3.38M<0.1%History
Malacca Straits Acquisition Co LtdG5859B117COM CL A338,372$3.36M<0.1%–
Ushg Acquisition Corp91748P100COM CL A330,081$3.21M<0.1%–
P3 Health Partners Inc.34552Y106CL A300,000$2.96M<0.1%–
MLMoneylion Inc.CL A400,000$2.71M<0.1%History
Alight, Inc. / Delaware01626W119Warrant / Rights871,804$2.69M<0.1%–
GIGCAPITAL4 Inc37518G101COM249,200$2.46M<0.1%–
HIPOHippo Holdings Inc.COMMON STOCK500,000$2.34M<0.1%History
Horizon Acquisition CorpG46049113*W EXP 08/19/2021,267,602$2.14M<0.1%–
AXDXAccelerate Diagnostics, IncCOM304,500$1.78M<0.1%History
Proterra Inc74374T117*W EXP 09/22/202660,164$1.72M<0.1%–
ESPREsperion Therapeutics, Inc.COM116,827$1.41M<0.1%History
Dmy Technology Group Inc III233278118*W EXP 99/99/999389,563$1.35M<0.1%–
Matterport, Inc.577096118EQUITY WRT136,416$1.07M<0.1%–
DD3 Acquisition Corp II23318M118*W EXP 12/10/202738,281$875.0K<0.1%–
Industrial Tech Acqu Inc456357110*W EXP 08/06/202740,050$792.0K<0.1%–
Nexters IncG6529J118*W EXP 08/26/202885,245$737.0K<0.1%–
Decarbonization Plus Acqu II24279D113*W EXP 03/19/202333,333$704.0K<0.1%–
Montes Archimedes Acquisitio612657114*W EXP 99/99/999453,204$666.0K<0.1%–
GWHWWESS Tech, Inc.*W EXP 09/15/202510,730$637.0K<0.1%History
Paysafe LtdG6964L115*W EXP 08/11/202333,345$619.0K<0.1%–
Evolent Health, Inc.30050BAB7CONVERTIBLE BOND–$604.0K<0.1%–
Marquee Raine Acquisition CoG58442123*W EXP 12/01/202370,218$507.0K<0.1%–
Cbre Acquisition Hldgs Inc12510J114*W EXP 99/99/999304,501$504.0K<0.1%–
23ANDME Holding Co90138Q116*W EXP 06/16/202272,370$500.0K<0.1%–
Quantum-Si Inc74765K113*W EXP 06/10/202214,571$448.0K<0.1%–
Sunlight Financi86738J114EQUITY WRT385,600$432.0K<0.1%–
Yucaipa Acquisition CorpG9879L113*W EXP 99/99/999373,737$406.0K<0.1%–
Broadstone Acquisition CorpG1739V126*W EXP 09/15/202339,105$363.0K<0.1%–
Northern Genesis Acquisition66516U119*W EXP 01/15/202329,406$361.0K<0.1%–
European Sustainable GrowthG3194F117*W EXP 01/21/202289,325$361.0K<0.1%–
Athena Technology Acquisi Co04687A117*W EXP 03/31/202250,000$345.0K<0.1%–
Isos Acquisition CorporationG4962C104*W EXP 03/01/202233,333$314.0K<0.1%–
Kensington Capital Acquisiti49006L112*W EXP 02/23/202251,673$289.0K<0.1%–
Xos, Inc.98423B116*W EXP 10/06/202226,401$241.0K<0.1%–
PLAYSTUDIOS, Inc.72815G116*W EXP 06/17/202246,582$193.0K<0.1%–
180 Life Sciences Corp68236V112*W EXP 11/07/202200,844$189.0K<0.1%–
Queens Gambit Growth CapitalG7315C119*W EXP 01/19/20299,220$80.0K<0.1%–
TCW Special Purpose Acqu Cor87301L114*W EXP 99/99/99959,821$43.0K<0.1%–
D and Z Media Acquisition Co23305Q114*W EXP 01/27/20235,785$22.0K<0.1%–
DHC Acquisition CorpG2758T117*W EXP 02/25/20230,304$21.0K<0.1%–
CPTKWCrown PropTech Acquisitions*W EXP 99/99/99916,943$8.00K<0.1%History