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Linden Advisors LP

SEC CIK
0001279396
Latest filing
Aug 14, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 14, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
572
−120 vs. Q3 2022
Portfolio value
$9.51B
−$1.41B (−12.9%) vs. Q3 2022
Filed
Feb 14, 2023
SEC
Holdings of Linden Advisors LP in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Cree Inc225447AD3NOTE 1.750% 5/0–$518.4M5.5%–––
Palo Alto Networks Inc697435AF2NOTE 0.375% 6/0–$506.6M5.3%–––
Bilibili Inc.090040AD8NOTE 1.250% 6/1–$365.7M3.8%–––
Pinduoduo Inc722304AC6NOTE 12/0–$336.3M3.5%–––
Sea Ltd81141RAF7NOTE 2.375%12/0–$292.6M3.1%–––
Li Auto Inc.50202MAB8NOTE 0.250% 5/0–$235.5M2.5%–––
Penn Natl Gaming Inc707569AU3NOTE 2.750% 5/1–$219.1M2.3%–––
Exact Sciences Corp30063PAC9NOTE 0.375% 3/0–$194.7M2.0%–––
EQT Corp26884LAK5NOTE 1.750% 5/0–$184.4M1.9%–––
Bilibili Inc.090040AB2NOTE 1.375% 4/0–$184.4M1.9%–––
Huazhu Group Ltd44332NAB2NOTE 3.000% 5/0–$181.2M1.9%–––
Livongo Health Inc539183AA1NOTE 0.875% 6/0–$152.2M1.6%–––
Exact Sciences Corp30063PAB1NOTE 0.375% 3/1–$125.5M1.3%–––
Sarepta Therapeutics, Inc.803607AC4DEBT 1.250% 9/1–$122.9M1.3%–––
Bill Com Hldgs Inc090043AB6NOTE 12/0–$122.7M1.3%–––
Yy Inc98426TAD8NOTE 0.750% 6/1–$121.6M1.3%–––
Bilibili Inc.090040AF3NOTE 0.500%12/0–$111.8M1.2%–New–
Digitalocean Hldgs Inc25402DAB8NOTE 12/0–$109.3M1.1%–New–
NIO Inc.62914VAE6NOTE 2/0–$104.0M1.1%–––
Okta, Inc.679295AF2NOTE 0.375% 6/1–$103.9M1.1%–––
Ceridian HCM Hldg Inc15677JAD0NOTE 0.250% 3/1–$102.7M1.1%–––
Dropbox, Inc.26210CAC8NOTE 3/0–$101.7M1.1%–––
Rapid7, Inc.753422AF1NOTE 0.250% 3/1–$101.2M1.1%–––
GDS Hldgs Ltd36165LAB4NOTE 2.000% 6/0–$98.6M1.0%–––
Callaway Golf Co131193AE4NOTE 2.750% 5/0–$95.8M1.0%–––
Confluent, Inc.20717MAB9NOTE 1/1–$92.8M1.0%–New–
RingCentral, Inc.76680RAF4NOTE 3/0–$92.2M1.0%–––
Blackline, Inc.09239BAD1NOTE 3/1–$90.8M1.0%–––
Datadog, Inc.23804LAB9NOTE 0.125% 6/1–$89.0M0.9%–––
PagerDuty, Inc.69553PAB6NOTE 1.250% 7/0–$85.0M0.9%–––
Green Plains Inc.393222AK0NOTE 2.250% 3/1–$82.6M0.9%–––
Q2 Hldgs Inc74736LAF6NOTE 0.125%11/1–$82.2M0.9%–––
Yy Inc98426TAF3NOTE 1.375% 6/1–$80.1M0.8%–––
Sunpower Corp867652AL3DBCV 4.000% 1/1–$79.5M0.8%–––
Lyft, Inc.55087PAB0NOTE 1.500% 5/1–$79.2M0.8%–––
Fiverr Intl Ltd33835LAA3NOTE 11/0–$76.0M0.8%–––
Zillow Group, Inc.98954MAG6NOTE 1.375% 9/0–$74.2M0.8%–––
SHIFT4 PMTS Inc82452JAB5NOTE 12/1–$71.4M0.8%–––
Q2 Hldgs Inc74736LAD1NOTE 0.750% 6/0–$65.9M0.7%–––
Sea Ltd81141RAG5NOTE 0.250% 9/1–$64.9M0.7%–––
Farfetch Ltd30744WAD9NOTE 3.750% 5/0–$62.6M0.7%–––
Dynavax Technologies Corp268158AD4NOTE 2.500% 5/1–$61.9M0.7%–––
Cerence Inc.156727AB5NOTE 3.000% 6/0–$60.3M0.6%–––
Liveperson Inc538146AD3NOTE 12/1–$60.2M0.6%–––
LendingTree, Inc.52603BAD9NOTE 0.500% 7/1–$58.7M0.6%–––
Unity Software Inc.91332UAB7NOTE 11/1–$58.4M0.6%–New–
Fastly, Inc.31188VAB6NOTE 3/1–$56.3M0.6%–––
Snap Inc83304AAF3NOTE 5/0–$55.8M0.6%–––
Infinera Corp45667GAE3NOTE 2.500% 3/0–$55.0M0.6%–––
Livent Corp.53814LAB4NOTE 4.125% 7/1–$54.2M0.6%–––
Cable One, Inc.12685JAE5NOTE 3/1–$52.5M0.6%–––
DraftKings Inc.26142RAB0NOTE 3/1–$52.3M0.5%–––
Neogenomics Inc64049MAB6NOTE 0.250% 1/1–$49.3M0.5%–––
Enphase Energy, Inc.29355AAH0NOTE 3/0–$48.2M0.5%–––
Nutanix, Inc.67059NAH1NOTE 0.250%10/0–$44.8M0.5%–New–
Makemytrip Limited Mauritius56087FAB0NOTE 2/1–$43.4M0.5%–––
Impinj Inc453204AD1NOTE 1.125% 5/1–$42.1M0.4%–New–
Upwork, Inc91688FAB0NOTE 0.250% 8/1–$41.9M0.4%–––
Affirm Hldgs Inc00827BAB2NOTE 11/1–$41.7M0.4%–New–
Health Catalyst, Inc.42225TAB3NOTE 2.500% 4/1–$41.6M0.4%–––
Par Technology Corp698884AE3NOTE 1.500%10/1–$41.2M0.4%–––
Stride, Inc.86333MAA6NOTE 1.125% 9/0–$40.9M0.4%–––
Eventbrite, Inc.29975EAD1NOTE 0.750% 9/1–$40.6M0.4%–––
PROS Holdings, Inc.74346YAH6NOTE 1.000% 5/1–$39.6M0.4%–––
PROS Holdings, Inc.74346YAG8NOTE 2.250% 9/1–$39.4M0.4%–––
Dropbox, Inc.26210CAD6NOTE 3/0–$37.1M0.4%–––
On Semiconductor Corp682189AS4NOTE 5/0–$36.8M0.4%–––
Itron, Inc.465741AN6NOTE 3/1–$35.9M0.4%–––
Eventbrite, Inc.29975EAB5NOTE 5.000%12/0–$33.5M0.4%–––
Evolent Health, Inc.30050BAD3NOTE 1.500%10/1–$33.1M0.3%–––
Infinera Corp45667GAF0DEBT 3.750% 8/0–$32.9M0.3%–––
Model N, Inc.607525AB8NOTE 2.625% 6/0–$32.8M0.3%–––
SHIFT4 PMTS Inc82452JAD1NOTE 0.500% 8/0–$32.4M0.3%–––
Jamf Hldg Corp47074LAB1NOTE 0.125% 9/0–$32.4M0.3%–––
Maxeon Solar Technologies LT57779BAB0NOTE 6.500% 7/1–$31.8M0.3%–––
NIO Inc.62914VAF3NOTE 0.500% 2/0–$30.8M0.3%–––
Everbridge, Inc.29978AAE4NOTE 3/1–$30.1M0.3%–––
Ezcorp Inc302301AE6CONVERTIBLE BOND–$29.7M0.3%–––
TRTLTortoiseEcofin Acquisition Corp. IIISHS CL A2,970,000$29.6M0.3%00.0%UnchangedHistory
Upstart Hldgs Inc91680MAB3NOTE 0.250% 8/1–$29.2M0.3%–––
Envestnet, Inc.29404KAE6NOTE 0.750% 8/1–$28.8M0.3%–––
Peloton Interactive, Inc.70614WAB6NOTE 2/1–$27.9M0.3%–––
Mitek Sys Inc606710AA9NOTE 0.750% 2/0–$27.4M0.3%–––
Enphase Energy, Inc.29355AAK3NOTE 3/0–$27.3M0.3%–––
Apollo Coml Real Est Fin Inc03762UAC9NOTE 5.375%10/1–$25.7M0.3%–––
Momo Inc60879BAB3NOTE 1.250% 7/0–$25.3M0.3%–––
Cardlytics, Inc.14161WAB1NOTE 1.000% 9/1–$25.2M0.3%–––
Hannon Armstrong Sust Infr C41068XAD2NOTE 8/1–$25.1M0.3%–––
Verint Systems Inc92343XAC4NOTE 0.250% 4/1–$24.0M0.3%–New–
Omnicell Com68213NAD1NOTE 0.250% 9/1–$22.3M0.2%–New–
Teladoc Health, Inc.87918AAF2NOTE 1.250% 6/0–$21.6M0.2%–––
Amyris, Inc.03236MAJ0NOTE 1.500%11/1–$21.6M0.2%–New–
SILVERspac Inc.G8136V104CLASS A ORD2,135,000$21.4M0.2%00.0%Unchanged–
Liveperson Inc538146AB7NOTE 0.750% 3/0–$21.1M0.2%–––
Herbalife Ltd.42703MAD5NOTE 2.625% 3/1–$21.0M0.2%–––
Mfa Finl Inc55272XAA0NOTE 6.250% 6/1–$21.0M0.2%–––
Rapid7, Inc.753422AD6NOTE 2.250% 5/0–$20.2M0.2%–New–
Tech and Energy Transition87823R102CLASS A COM2,000,000$20.1M0.2%00.0%Unchanged–
iQIYI, Inc.46267XAE8NOTE 4.000%12/1–$19.8M0.2%–––
Smart Global Hldgs Inc83205YAB0NOTE 2.250% 2/1–$19.7M0.2%–––

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 2022
SecurityClassPutsCalls
iShares MSCI Eafe ETF464287465ETF$13.1M–
State Street Financial Select Sector SPDR ETF81369Y605ETF$3.42M–
iShares Tr464287234MSCI EMG MKT ETF–$1.90M

Sold out since Q3 2022 (173)

Positions held at the end of Q3 2022 that are gone from this filing.

The largest 100 of 173 by value last quarter.

Positions of Linden Advisors LP sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
CNX Res Corp12653CAG3NOTE 2.250% 5/0–$60.9M0.6%–
Huazhu Group Ltd16949NAC3NOTE 0.375%11/0–$51.0M0.5%–
Ezcorp Inc302301AF3NOTE 2.875% 7/0–$44.6M0.4%–
Bigcommerce Hldgs Inc08975PAB4NOTE 0.250%10/0–$26.6M0.2%–
PONDAngel Pond Holdings CorpSHS CL A2,446,200$24.0M0.2%History
CFIVCF Acquisition Corp. IVCOM CL A2,241,130$22.3M0.2%History
Splunk Inc848637AF1NOTE 1.125% 6/1–$17.0M0.2%–
Coupa Software Inc22266LAF3NOTE 0.375% 6/1–$15.7M0.1%–
Coupa Software Inc22266LAC0NOTE 0.125% 6/1–$14.8M0.1%–
Social Capital Hedosopha HLDG8251L105SHS CL A1,478,061$14.8M0.1%–
CONXCONX Corp.COM CL A1,454,153$14.5M0.1%History
KL Acquisition Corp49837C109COM CL A1,462,189$14.5M0.1%–
H.I.G. Acquisition Corp.G44898107COM CL A1,427,842$14.3M0.1%–
Austerlitz Acquisition CorpG0633U101COM CL A1,436,200$14.1M0.1%–
2U, LLC90214JAB7NOTE 2.250% 5/0–$13.1M0.1%–
FVIVFortress Value Acquisition Corp. IVCOM CL A1,300,000$12.8M0.1%History
Cryolife Inc228903AB6NOTE 4.250% 7/0–$12.4M0.1%–
GETRGetaround, IncCL A COM1,250,000$12.3M0.1%History
Interprivate III Financial P46064R106COM CL A1,250,000$12.3M0.1%–
Lefteris Acquisition Corp52470X109COM CL A1,217,177$12.2M0.1%–
ALTIAlTi Global, Inc.CL A SHS1,200,000$11.9M0.1%History
DTRT Health Acquisition Corp23344T103COM CL A1,064,765$10.8M0.1%–
Sarissa Capital Acquisitn CoG7823W102CL A1,037,965$10.4M0.1%–
Bentley Sys Inc08265TAD1NOTE 0.375% 7/0–$9.82M0.1%–
Recharge Acquisition Corp756229100COM CL A970,289$9.81M0.1%–
Cloudflare, Inc.18915MAC1NOTE 8/1–$9.80M0.1%–
Social Capital Hedosopha HLDG82514103SHS CL A873,092$8.74M0.1%–
Healthcare Services Acqu Cor42227K104COM CL A779,523$7.75M0.1%–
Sports Ventures Acquisin CorG8372A103CL A SHS769,881$7.67M0.1%–
Colicity Inc194170106COM CL A734,201$7.22M0.1%–
Austerlitz Acquisition CorpG0633D109SHS CL A683,809$6.71M0.1%–
Apeiron Capital Invest Corp03752A101CL A COM600,000$6.04M0.1%–
KIIIKismet Acquisition Three Corp.CL A SHARES609,742$6.04M0.1%History
One Equity Partners Open WTR68237L105CL A600,442$5.93M0.1%–
DHB Capital Corp23291W109CL A COM600,000$5.90M0.1%–
IRAAIris Acquisition CorpCLASS A COM600,000$5.89M0.1%History
SCOAScION Tech Growth ICL A SHS584,642$5.83M0.1%History
ASAXAstrea Acquisition Corp.COM CL A577,385$5.68M0.1%History
DNZD & Z Media Acquisition Corp.COM CL A570,913$5.63M0.1%History
Dila Capital Acquisition Cor254028103COM CL A566,749$5.63M0.1%–
Spectral AI, Inc.77732R103COM CL A520,000$5.12M<0.1%–
Digital Health Acquisition C253893101COMMON STOCK500,000$5.07M<0.1%–
8X8 Inc282914AB6NOTE 0.500% 2/0–$4.98M<0.1%–
Highland Transcend PartnersG44690108COM CL A498,525$4.96M<0.1%–
Science Strategic Acq Alpha808641104COM CL A482,028$4.75M<0.1%–
Nightdragon Acquisition Corp65413D105CLASS A COM480,000$4.71M<0.1%–
Atlas Crest Investment Corp049287105COM CL A461,354$4.55M<0.1%–
Fortistar Sustainable Sol Co34962M106COM CL A452,235$4.47M<0.1%–
Primavera Capital Acquist CoG7255E109SHS CL A440,553$4.38M<0.1%–
Gores Technology Partners IN382870103CLASS A COM420,659$4.13M<0.1%–
HCIIHudson Executive Investment Corp. IICOM CL A413,635$4.08M<0.1%History
BABAAlibaba Group Holding LtdADR50,000$4.00M<0.1%History
Z-Work Acquisition Corp98880C102COM CL A401,927$3.96M<0.1%–
SOCSable Offshore Corp.COM CL A400,000$3.93M<0.1%History
BSKYBig Sky Growth Partners, Inc.CLASS A COM400,000$3.91M<0.1%History
Tastemaker Acquisition Corp876545104COM CL A389,917$3.89M<0.1%–
TCW Special Purpose Acqu Cor87301L106COM CL A395,000$3.88M<0.1%–
Gaming & Hospitality Acqu Co364681106COM CL A390,862$3.85M<0.1%–
Crypto 1 Acquisition CorpG3168A102CLASS A ORD380,555$3.82M<0.1%–
WWayfair Inc.CL A116,523$3.79M<0.1%History
Proptech Investment Corp II743497109COM CL A377,363$3.75M<0.1%–
Climate Real Impact Slutins187171103COM CL A365,571$3.61M<0.1%–
Splunk Inc848637AD6NOTE 1.125% 9/1–$3.58M<0.1%–
Hamilton Lane Alliance Hldgs40749M103COM CL A341,177$3.37M<0.1%–
Tishman Speyer Innovation Co88825H100COM CL A324,723$3.20M<0.1%–
MCAEMountain Crest Acquisition Corp. IIICOMMON STOCK319,565$3.18M<0.1%History
Epiphany Technology Acquisit29429X109COM CL A309,586$3.06M<0.1%–
Fintech Acquisition Corp VI31811H106CLASS A COM300,000$2.98M<0.1%–
Sportstek Acquisition Corp849196100COM CL A300,000$2.95M<0.1%–
Clarim Acquisition Corp18049C108COM CL A291,319$2.88M<0.1%–
Jazz Investments I Ltd472145AF8NOTE 2.000% 6/1–$2.76M<0.1%–
WINVWinVest Acquisition Corp.COMMON STOCK263,871$2.64M<0.1%History
CLOEClover Leaf Capital Corp.COM CL A250,000$2.57M<0.1%History
MEOAMinority Equality Opportunities Acquisition Inc.CLASS A COM250,000$2.54M<0.1%History
AVHIAchari Ventures Holdings Corp. ICOM250,000$2.51M<0.1%History
Blockchain Moon Acquisitn Co09370F109COM250,000$2.50M<0.1%–
FATPFat Projects Acquisition CorpCLASS A ORD SHS250,000$2.49M<0.1%History
EACEdify Acquisition Corp.CL A249,305$2.47M<0.1%History
Bridgetown Holdings LtdG1355U113COM CL A245,515$2.46M<0.1%–
Soar Technology Acquisn CorpG82472112CL A COM217,000$2.24M<0.1%–
Arena Fortify Acquisition Corp.04005A104CLASS A COM200,000$2.02M<0.1%–
Arbor Rapha Cap Biohlds Corp03881F104CLASS A COM197,877$2.00M<0.1%–
Glenfarne Merger Corp378579106CLASS A COM194,648$1.91M<0.1%–
FLACFrazier Lifesciences Acquisition CorpCL A SHS178,701$1.78M<0.1%History
Abri Spac I Inc00085X105COMMON STOCK160,687$1.61M<0.1%–
Oxbridge Acquisition CorpG6855L109COM CL A153,575$1.55M<0.1%–
LMF Acquisition Opportunit I502015100CL A COM148,923$1.53M<0.1%–
HIIIHudson Executive Investment Corp. IIICOM CL A138,396$1.36M<0.1%History
G&P Acquisition Corp36146G103COM CL A125,000$1.25M<0.1%–
COOLCorner Growth Acquisition Corp.CL A SHS124,917$1.25M<0.1%History
AAGRAfrican Agriculture Holdings Inc.COM CL A119,358$1.19M<0.1%History
Global Consumer Acquisitn Co37892B108COM113,220$1.16M<0.1%–
Sierra Lake Acquisition Corp.826332108CLASS A COM112,863$1.13M<0.1%–
NOVVNova Vision Acquisition CorpCOM110,234$1.13M<0.1%History
Revolution Healthcar Aq Corp76155Y108CLASS A COM109,539$1.08M<0.1%–
TYLTyler Technologies IncCOM3,000$1.04M<0.1%History
Interprivate IV Infratech PR46064T102CLASS A COM103,200$1.02M<0.1%–
Hunt Companies AcquisitioG46482108CL ACOM100,000$1.01M<0.1%–
PSAGProperty Solutions Acquisition Corp. IICOM CL A100,000$984.0K<0.1%History
Pine Is Acquisition Corp722615101CL A95,623$954.0K<0.1%–