Linden Advisors LP
- SEC CIK
- 0001279396
- Latest filing
- Aug 14, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 472
- +65 vs. Q3 2025
- Portfolio value
- $16.2B
- +$1.25B (+8.3%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Lumentum Hldgs Inc55024UAF6 | NOTE 0.500% 6/1 | – | $807.1M | 5.0% | – | – | – |
| Centrus Energy Corp15643UAE4 | NOTE 2.250%11/0 | – | $644.0M | 4.0% | – | New | – |
| Lumentum Hldgs Inc55024UAH2 | NOTE 1.500%12/1 | – | $496.0M | 3.1% | – | – | – |
| Applied Digital Corp.038169AB4 | NOTE 2.750% 6/0 | – | $350.9M | 2.2% | – | New | – |
| Lumentum Hldgs Inc55024UAD1 | NOTE 0.500%12/1 | – | $333.0M | 2.1% | – | – | – |
| BILL Holdings, Inc.090043AF7 | NOTE 4/0 | – | $289.5M | 1.8% | – | New | – |
| Affirm Hldgs Inc00827BAD8 | NOTE 0.750%12/1 | – | $283.4M | 1.7% | – | New | – |
| Strategy Inc594972AJ0 | NOTE 0.625% 3/1 | – | $281.2M | 1.7% | – | – | – |
| MKS Inc55306NAB0 | NOTE 1.250% 6/0 | – | $272.5M | 1.7% | – | – | – |
| Li Auto Inc.50202MAB8 | NOTE 0.250% 5/0 | – | $263.6M | 1.6% | – | – | – |
| Liberty Media Corp531229AP7 | NOTE 3.750% 3/1 | – | $251.1M | 1.5% | – | – | – |
| Exact Sciences Corp30063PAC9 | NOTE 0.375% 3/0 | – | $244.9M | 1.5% | – | – | – |
| BridgeBio Pharma, Inc.10806XAD4 | NOTE 2.250% 2/0 | – | $241.0M | 1.5% | – | – | – |
| Upstart Hldgs Inc91680MAD9 | NOTE 2.000%10/0 | – | $236.8M | 1.5% | – | New | – |
| Jazz Investments I Ltd472145AH4 | NOTE 3.125% 9/1 | – | $234.0M | 1.4% | – | – | – |
| Peloton Interactive, Inc.70614WAD2 | NOTE 5.500%12/0 | – | $229.1M | 1.4% | – | – | – |
| Sphere Entertainment Co.55826TAB8 | NOTE 3.500%12/0 | – | $226.5M | 1.4% | – | – | – |
| Sunrun Inc.86771WAD7 | NOTE 4.000% 3/0 | – | $218.6M | 1.3% | – | – | – |
| Cleanspark, Inc.18452BAC4 | NOTE 6/1 | – | $217.2M | 1.3% | – | New | – |
| Alibaba Group Hldg Ltd01609WBG6 | NOTE 0.500% 6/0 | – | $216.9M | 1.3% | – | – | – |
| Solaris Energy Infras Inc83419XAB4 | NOTE 0.250%10/0 | – | $204.3M | 1.3% | – | New | – |
| Haemonetics Corp Mass405024AD2 | NOTE 2.500% 6/0 | – | $203.6M | 1.3% | – | – | – |
| Celcuity Inc.15102KAA8 | NOTE 2.750% 8/0 | – | $202.5M | 1.2% | – | – | – |
| Ascendis Pharma A/S04351PAD3 | NOTE 2.250% 4/0 | – | $195.1M | 1.2% | – | – | – |
| Collegium Pharmaceutical, Inc19459JAC8 | NOTE 2.875% 2/1 | – | $190.4M | 1.2% | – | – | – |
| Vishay Intertechnology Inc928298AR9 | NOTE 2.250% 9/1 | – | $187.5M | 1.2% | – | – | – |
| Osi Systems Inc671044AF2 | NOTE 2.250% 8/0 | – | $169.4M | 1.0% | – | – | – |
| Makemytrip Limited Mauritius56087FAB0 | NOTE 2/1 | – | $168.9M | 1.0% | – | – | – |
| Strategy Inc594972AS0 | NOTE 12/0 | – | $166.5M | 1.0% | – | New | – |
| AeroVironment Inc008073AA6 | NOTE 7/1 | – | $166.2M | 1.0% | – | – | – |
| Cipher Mining Inc17253JAA4 | NOTE 1.750% 5/1 | – | $153.4M | 0.9% | – | – | – |
| Progress Software Corp743312AD2 | NOTE 3.500% 3/0 | – | $153.4M | 0.9% | – | – | – |
| Marriott Vacations Worldwide Corp57164YAF4 | NOTE 3.250%12/1 | – | $151.0M | 0.9% | – | – | – |
| Guardant Health, Inc.40131MAD1 | DEBT 1.250% 2/1 | – | $149.7M | 0.9% | – | – | – |
| BridgeBio Pharma, Inc.10806XAB8 | NOTE 2.500% 3/1 | – | $148.0M | 0.9% | – | – | – |
| Upstart Hldgs Inc91680MAF4 | NOTE 1.000%11/1 | – | $142.7M | 0.9% | – | New | – |
| Riot Platforms, Inc.767292AB1 | NOTE 0.750% 1/1 | – | $142.4M | 0.9% | – | New | – |
| Stride, Inc.86333MAA6 | NOTE 1.125% 9/0 | – | $141.9M | 0.9% | – | – | – |
| CONMED Corp207410AH4 | NOTE 2.250% 6/1 | – | $133.4M | 0.8% | – | – | – |
| Silvercorp Metals Inc82835PAB9 | NOTE 4.750%12/1 | – | $133.3M | 0.8% | – | New | – |
| IREN Ltd46270CAB5 | NOTE 3.250% 6/1 | – | $127.0M | 0.8% | – | New | – |
| Wayfair Inc.94419LAR2 | NOTE 3.500%11/1 | – | $126.3M | 0.8% | – | – | – |
| Fortuna MNG Corp349915AE8 | NOTE 3.750% 6/3 | – | $123.6M | 0.8% | – | – | – |
| Travere Therapeutics, Inc.89422GAA5 | NOTE 2.250% 3/0 | – | $122.0M | 0.8% | – | – | – |
| LivaNova PLC53802LAB8 | NOTE 2.500% 3/1 | – | $118.7M | 0.7% | – | – | – |
| Western Digital Corp958102AT2 | NOTE 3.000%11/1 | – | $118.7M | 0.7% | – | – | – |
| Coinbase Global, Inc.19260QAF4 | NOTE 0.250% 4/0 | – | $111.4M | 0.7% | – | – | – |
| Pacira BioSciences, Inc.695127AJ9 | NOTE 2.125% 5/1 | – | $109.6M | 0.7% | – | – | – |
| Strategy Inc594972AL5 | NOTE 0.875% 3/1 | – | $108.4M | 0.7% | – | – | – |
| Strategy Inc594972AN1 | NOTE 2.250% 6/1 | – | $107.3M | 0.7% | – | – | – |
| Enphase Energy, Inc.29355AAK3 | NOTE 3/0 | – | $106.3M | 0.7% | – | – | – |
| Five9, Inc.338307AF8 | NOTE 1.000% 3/1 | – | $104.2M | 0.6% | – | – | – |
| Guardant Health, Inc.40131MAB5 | NOTE 11/1 | – | $104.1M | 0.6% | – | – | – |
| Veeco Instrs Inc Del922417AJ9 | NOTE 2.875% 6/0 | – | $102.6M | 0.6% | – | – | – |
| Etsy Inc29786AAN6 | NOTE 0.250% 6/1 | – | $100.1M | 0.6% | – | – | – |
| Enovis CORP194014AB2 | NOTE 3.875%10/1 | – | $99.7M | 0.6% | – | – | – |
| Solaris Energy Infras Inc83419XAA6 | NOTE 4.750% 5/0 | – | $97.5M | 0.6% | – | – | – |
| Advanced Energy Inds007973AE0 | NOTE 2.500% 9/1 | – | $96.1M | 0.6% | – | – | – |
| Dynavax Technologies Corp268158AE2 | DEBT 2.000% 3/1 | – | $90.4M | 0.6% | – | – | – |
| Spectrum Brands Inc84762LAZ8 | NOTE 3.375% 6/0 | – | $88.4M | 0.5% | – | – | – |
| Pagaya U S Hldg Co LLC69549FAB5 | NOTE 6.125%10/0 | – | $87.5M | 0.5% | – | New | – |
| Amphastar Pharmaceuticals IN03209RAB9 | NOTE 2.000% 3/1 | – | $86.6M | 0.5% | – | – | – |
| MARA Holdings, Inc.565788AF3 | NOTE 3/0 | – | $83.9M | 0.5% | – | New | – |
| Winnebago Inds Inc974637AF7 | NOTE 3.250% 1/1 | – | $83.3M | 0.5% | – | – | – |
| Encore Cap Group Inc292554AP7 | NOTE 4.000% 3/1 | – | $82.7M | 0.5% | – | – | – |
| Immunocore Hldgs PLC45258DAB1 | NOTE 2.500% 2/0 | – | $82.3M | 0.5% | – | – | – |
| WEIBO Corp948596AJ0 | NOTE 1.375%12/0 | – | $80.6M | 0.5% | – | – | – |
| Tandem Diabetes Care Inc875372AD6 | NOTE 1.500% 3/1 | – | $80.2M | 0.5% | – | – | – |
| Snap Inc83304AAK2 | NOTE 0.500% 5/0 | – | $79.0M | 0.5% | – | – | – |
| TransMedics Group, Inc.89377MAB5 | NOTE 1.500% 6/0 | – | $78.4M | 0.5% | – | – | – |
| Evolent Health, Inc.30050BAH4 | NOTE 3.500%12/0 | – | $77.4M | 0.5% | – | – | – |
| Solaredge Technologies, Inc.83417MAE4 | NOTE 2.250% 7/0 | – | $73.8M | 0.5% | – | – | – |
| Envista Holdings Corp29415FAD6 | NOTE 1.750% 8/1 | – | $72.9M | 0.4% | – | – | – |
| Workiva Inc98139AAD7 | NOTE 1.250% 8/1 | – | $71.5M | 0.4% | – | – | – |
| Super Micro Computer, Inc.86800UAB0 | NOTE 3.500% 3/0 | – | $69.5M | 0.4% | – | – | – |
| Omnicell Com68213NAF6 | NOTE 1.000%12/0 | – | $69.5M | 0.4% | – | New | – |
| Innoviva, Inc.45781MAD3 | NOTE 2.125% 3/1 | – | $68.8M | 0.4% | – | – | – |
| Alignment Healthcare, Inc.01625VAB0 | NOTE 4.250%11/1 | – | $67.9M | 0.4% | – | New | – |
| Lyft, Inc.55087PAD6 | NOTE 0.625% 3/0 | – | $67.8M | 0.4% | – | – | – |
| Fluence Energy, Inc.34379VAB9 | NOTE 2.250% 6/1 | – | $65.8M | 0.4% | – | New | – |
| MARA Holdings, Inc.565788AH9 | NOTE 6/0 | – | $58.4M | 0.4% | – | New | – |
| SYNAPTICS Inc87157DAJ8 | NOTE 0.750%12/0 | – | $57.8M | 0.4% | – | New | – |
| Rapid7, Inc.753422AH7 | NOTE 1.250% 3/1 | – | $55.8M | 0.3% | – | – | – |
| Global PMTS Inc37940XAU6 | NOTE 1.500% 3/0 | – | $54.0M | 0.3% | – | New | – |
| BLACKBERRY Ltd09228FAM5 | NOTE 3.000% 2/1 | – | $52.3M | 0.3% | – | – | – |
| Green Plains Inc.393222AM6 | NOTE 5.250%11/0 | – | $52.2M | 0.3% | – | New | – |
| Cogent Biosciences, Inc.19240QAA0 | NOTE 1.625%11/1 | – | $51.7M | 0.3% | – | New | – |
| Rivian Automotive, Inc.76954AAB9 | NOTE 4.625% 3/1 | – | $50.9M | 0.3% | – | New | – |
| DraftKings Inc.26142RAB0 | NOTE 3/1 | – | $50.6M | 0.3% | – | – | – |
| Impinj Inc453204AD1 | NOTE 1.125% 5/1 | – | $46.1M | 0.3% | – | – | – |
| Ziff Davis, Inc.48123VAH5 | DEBT 3.625% 3/0 | – | $44.7M | 0.3% | – | – | – |
| Lithium Amers Corp New53680QAA6 | NOTE 1.750% 1/1 | – | $44.2M | 0.3% | – | – | – |
| Etsy Inc29786AAL0 | NOTE 0.125% 9/0 | – | $42.7M | 0.3% | – | – | – |
| Cerence Inc.156727AD1 | NOTE 1.500% 7/0 | – | $40.3M | 0.2% | – | – | – |
| T1 Energy Inc.35834FAB0 | NOTE 5.250%12/0 | – | $39.5M | 0.2% | – | New | – |
| NIO Inc.62914VAJ5 | NOTE 3.875%10/1 | – | $39.0M | 0.2% | – | – | – |
| WisdomTree, Inc.97717PAH7 | NOTE 3.250% 8/1 | – | $37.5M | 0.2% | – | – | – |
| NIO Inc.62914VAK2 | NOTE 4.625%10/1 | – | $36.0M | 0.2% | – | – | – |
| Upwork, Inc91688FAB0 | NOTE 0.250% 8/1 | – | $34.4M | 0.2% | – | – | – |
| MARA Holdings, Inc.565788AD8 | NOTE 2.125% 9/0 | – | $34.3M | 0.2% | – | – | – |
Sold out since Q3 2025 (71)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| Bloom Energy Corp093712AK3 | NOTE 3.000% 6/0 | – | $546.2M | 3.6% | – |
| Bloom Energy Corp093712AM9 | NOTE 3.000% 6/0 | – | $508.8M | 3.4% | – |
| Exact Sciences Corp30063PAB1 | NOTE 0.375% 3/1 | – | $235.6M | 1.6% | – |
| Rapid7, Inc.753422AF1 | NOTE 0.250% 3/1 | – | $146.9M | 1.0% | – |
| PagerDuty, Inc.69553PAD2 | NOTE 1.500%10/1 | – | $109.5M | 0.7% | – |
| Ani Pharmaceuticals Inc00182CAC7 | NOTE 2.250% 9/0 | – | $99.8M | 0.7% | – |
| Jamf Hldg Corp47074LAB1 | NOTE 0.125% 9/0 | – | $87.3M | 0.6% | – |
| Callaway Golf Co131193AE4 | NOTE 2.750% 5/0 | – | $86.5M | 0.6% | – |
| Confluent, Inc.20717MAB9 | NOTE 1/1 | – | $82.1M | 0.5% | – |
| PROS Holdings, Inc.74346YAK9 | DEBT 2.500% 7/0 | – | $80.6M | 0.5% | – |
| Halozyme Therapeutics, Inc.40637HAD1 | NOTE 0.250% 3/0 | – | $78.0M | 0.5% | – |
| CSG Sys Intl Inc126349AH2 | NOTE 3.875% 9/1 | – | $66.6M | 0.4% | – |
| Fluor Corp343412AJ1 | NOTE 1.125% 8/1 | – | $55.2M | 0.4% | – |
| Granite Constr Inc387328AD9 | NOTE 3.750% 5/1 | – | $49.2M | 0.3% | – |
| Q2 Hldgs Inc74736LAD1 | NOTE 0.750% 6/0 | – | $46.1M | 0.3% | – |
| On Semiconductor Corp682189AU9 | NOTE 0.500% 3/0 | – | $36.2M | 0.2% | – |
| Sarepta Therapeutics, Inc.803607AD2 | NOTE 1.250% 9/1 | – | $35.6M | 0.2% | – |
| NVMINova Ltd. | COM | 90,980 | $29.1M | 0.2% | History |
| Kosmos Energy Ltd.500688AH9 | NOTE 3.125% 3/1 | – | $27.6M | 0.2% | – |
| Semtech Corp816850AH4 | NOTE 4.000%11/0 | – | $26.4M | 0.2% | – |
| BXPBXP, Inc. | COM | 251,871 | $18.7M | 0.1% | History |
| Eventbrite, Inc.29975EAD1 | NOTE 0.750% 9/1 | – | $18.3M | 0.1% | – |
| Oil STS Intl Inc678026AK1 | NOTE 4.750% 4/0 | – | $17.3M | 0.1% | – |
| TLNCUTalon Capital Corp. | UNIT 08/27/2030 | 1,500,000 | $15.0M | 0.1% | History |
| MKLYUMcKinley Acquisition Corp | UNIT 07/25/2030 | 1,445,000 | $14.4M | 0.1% | History |
| GSRFUGSR IV Acquisition Corp. | UNIT 08/22/2030 | 1,250,000 | $12.7M | 0.1% | History |
| OTGAUOTG Acquisition Corp. I | UNIT 09/05/2030 | 1,250,000 | $12.6M | 0.1% | History |
| JBTMJBT Marel Corp | COM | 86,500 | $12.1M | 0.1% | History |
| BDCIUBTC Development Corp. | UNIT 09/11/2030 | 1,125,000 | $11.4M | 0.1% | History |
| MBVIUM3-Brigade Acquisition VI Corp. | UNIT 08/18/2030 | 1,100,000 | $11.1M | 0.1% | History |
| INFQInfleqtion, Inc. | SHS CL A | 850,000 | $10.9M | 0.1% | History |
| Spring Vy Acquisition Corp IG8377R127 | UNIT 09/04/2030 | 1,000,000 | $10.4M | 0.1% | – |
| Silvia, Inc.G2296A109 | SHS CL A | 1,000,000 | $10.1M | 0.1% | – |
| TCOMTrip.com Group Ltd | ADS | 128,200 | $9.64M | 0.1% | History |
| PROS Holdings, Inc.74346YAG8 | NOTE 2.250% 9/1 | – | $9.14M | 0.1% | – |
| HVMCUHighview Merger Corp. | UNIT 07/24/2030 | 750,000 | $7.59M | 0.1% | History |
| Emmis Acquisition Corp.G3037D121 | UNIT 09/12/2030 | 750,000 | $7.49M | <0.1% | – |
| LATAUGalata Acquisition Corp. II | UNIT 09/12/2030 | 750,000 | $7.49M | <0.1% | History |
| ALNYAlnylam Pharmaceuticals, Inc. | COM | 14,364 | $6.55M | <0.1% | History |
| LPSNLiveperson Inc | COM | 11,124,880 | $6.49M | <0.1% | History |
| Bain Capital GSS Investment Corp.G0R78B122 | COM | 600,000 | $6.05M | <0.1% | – |
| Agriculture & Nat Sol Acq CoG0131Y100 | SHS CL A | 500,000 | $5.46M | <0.1% | – |
| Trip.com Group Ltd89677QAB3 | NOTE 0.750% 6/1 | – | $5.31M | <0.1% | – |
| BLZRUTrailblazer Acquisition Corp. | UNIT 08/21/2030 | 500,000 | $5.13M | <0.1% | History |
| CHECUChenghe Acquisition III Co. | UNIT 09/09/2030 | 500,000 | $4.99M | <0.1% | History |
| GSR III Acquisition Corp.G4R103107 | CL A | 542,000 | $4.09M | <0.1% | – |
| QUMSUQuantumsphere Acquisition Corp | UNIT 07/30/2030 | 400,000 | $4.05M | <0.1% | History |
| SBSWSibanye Stillwater Ltd | SPONSORED ADR | 339,510 | $3.82M | <0.1% | History |
| IMSRTerrestrial Energy Inc. | SHS CL A | 209,426 | $3.44M | <0.1% | History |
| Eventbrite, Inc.29975EAB5 | NOTE 5.000%12/0 | – | $2.98M | <0.1% | – |
| IMSRWTerrestrial Energy Inc. | *W EXP 99/99/999 | 450,000 | $2.72M | <0.1% | History |
| Cloudflare, Inc.18915MAC1 | NOTE 8/1 | – | $1.24M | <0.1% | – |
| GSR III Acquisition Corp.G4R103131 | RIGHT 99/99/9999 | 142,571 | $1.23M | <0.1% | – |
| Spring Valley Acquistn CorpG83752116 | *W EXP 02/25/202 | 911,423 | $1.21M | <0.1% | – |
| FutureCrest Acquisition Corp.G3730U123 | COM | 100,000 | $1.06M | <0.1% | – |
| Spring Valley Acquistn CorpG83752132 | RIGHT 02/25/2026 | 2,073,092 | $1.06M | <0.1% | – |
| ATROAstronics Corp | COM | 21,746 | $991.8K | <0.1% | History |
| CRMLWCritical Metals Corp. | *W EXP 02/27/202 | 436,053 | $913.5K | <0.1% | History |
| USA Rare Earth, Inc.91733P115 | *W EXP 08/31/202 | 105,492 | $755.9K | <0.1% | – |
| Silvia, Inc.G2296A117 | *W EXP 05/16/203 | 500,000 | $577.5K | <0.1% | – |
| Nabors Energy Transition CorG6363K114 | *W EXP 09/01/202 | 2,250,000 | $521.5K | <0.1% | – |
| Archer Aviation Inc.03945R110 | *W EXP 09/16/202 | 147,231 | $323.2K | <0.1% | – |
| Parsons Corp70202LAD4 | NOTE 2.625% 3/0 | – | $268.1K | <0.1% | – |
| CRMLCritical Metals Corp. | PUBCO ORD SHS | 32,423 | $201.7K | <0.1% | History |
| Alphavest Acquisition CorpG0283A116 | RIGHT 06/19/2024 | 300,000 | $187.5K | <0.1% | – |
| Bowen Acquisition CorpG12729128 | RIGHT 99/99/9999 | 250,000 | $60.1K | <0.1% | – |
| GSR III Acquisition Corp.G4R103123 | UNIT 99/99/9999 | 20,703 | $53.6K | <0.1% | – |
| ISLWFIsrael Acquisitions Corp | *W EXP 99/99/999 | 250,000 | $45.8K | <0.1% | History |
| Ambipar Emergency ResponseG02532110 | *W EXP 99/99/999 | 123,683 | $6.04K | <0.1% | – |
| CEROWCero Therapeutics Holdings, Inc. | *W EXP 09/01/202 | 249,999 | $3.60K | <0.1% | History |
| Ucommune International LtdG9449A118 | *W EXP 11/17/202 | 207,680 | $1.50K | <0.1% | – |