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CIK: 0001279396
Total reported value
$19.3B
$19.3B
472 檔
13.6%
At the close of Q4 2025, Linden Advisors LP disclosed equity holdings valued at approximately $19.3B, spread across 472 reported holdings.
In Q4 2025, Linden Advisors LP displayed an active expansion posture, initiating 81 new positions and adding to 28 existing holdings, outstripping position reductions.
In terms of portfolio concentration, the top 5 core holdings (including LITE 0.5 06-15-28, LEU 2.25 11-01-30, LITE 1.5 12-15-29) accounted for 13.6% of total reported equity market value during Q4 2025.
Showing top 200 holdings (of 472 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | LITE 0.5 06-15-28Bond | Lumentum Holdings Inc | Bond | 4.97% | -8.43% | +7.12% | |
| 2 | LEU 2.25 11-01-30Bond | Centrus Energy CORP | Bond | 3.96% | -0.44% | — | |
| 3 | LITE 1.5 12-15-29Bond | Lumentum Holdings Inc | Bond | 3.05% | -5.23% | +4.48% | |
| 4 | APLD 2.75 06-01-30Bond | Applied Digital CORP | Bond | 2.16% | +0.11% | — | |
| 5 | LITE 0.5 12-15-26Bond | Lumentum Holdings Inc | Bond | 2.05% | -3.33% | EXIT | |
| 6 | BILL 0 04-01-30Bond | Bill Holdings Inc | Bond | 1.78% | -0.97% | — | |
| 7 | AFRM 0.75 12-15-29Bond | Affirm Holdings Inc | Bond | 1.74% | -0.08% | — | |
| 8 | MSTR 0.625 03-15-30Bond | Strategy Inc | Bond | 1.73% | -0.17% | +39.95% | |
| 9 | MKSI 1.25 06-01-30Bond | Mks Inc | Bond | 1.68% | +1.22% | +2.33% | |
| 10 | LI 0.25 05-01-28Bond | Li Auto Inc | Bond | 1.62% | -0.05% | EXIT | |
| 11 | SIRI 3.75 03-15-28Bond | Sirius Xm Holdings | Bond | 1.55% | -0.71% | -10.70% | |
| 12 | EXAS 0.375 03-01-28Bond | Exact Sciences CORP | Bond | 1.51% | — | -4.03% | |
| 13 | BBIO 2.25 02-01-29Bond | Bridgebio Pharma Inc | Bond | 1.48% | -0.12% | +22.28% | |
| 14 | UPST 2 10-01-29Bond | Upstart Holdings Inc | Bond | 1.46% | +0.09% | — | |
| 15 | JAZZ 3.125 09-15-30Bond | Jazz Investments I LTD | Bond | 1.44% | -0.92% | EXIT | |
| 16 | PTON 5.5 12-01-29Bond | Peloton Interactive Inc | Bond | 1.41% | +0.12% | +0.55% | |
| 17 | SPHR 3.5 12-01-28Bond | Sphere Entertainment Co | Bond | 1.39% | +0.25% | +1.32% | |
| 18 | RUN 4 03-01-30Bond | Sunrun Inc | Bond | 1.35% | -0.01% | +30.68% | |
| 19 | CLSK 0 06-15-30Bond | Cleanspark Inc | Bond | 1.34% | +0.30% | — | |
| 20 | BABA 0.5 06-01-31Bond | Alibaba Group Holding | Bond | 1.34% | — | -16.23% | |
| 21 | SEI 0.25 10-01-31Bond | Solaris Energy Infrastru | Bond | 1.26% | +0.54% | — | |
| 22 | HAE 2.5 06-01-29Bond | Haemonetics CORP | Bond | 1.25% | -0.08% | +20.22% | |
| 23 | CELC 2.75 08-01-31Bond | Celcuity Inc | Bond | 1.25% | +0.05% | +118.41% | |
| 24 | ASND 2.25 04-01-28Bond | Ascendis Pharma A/s | Bond | 1.20% | -1.15% | EXIT | |
| 25 | COLL 2.875 02-15-29Bond | Collegium Pharma Inc | Bond | 1.17% | +0.01% | +19.52% | |
| 26 | VSH 2.25 09-15-30Bond | Vishay Intertechnology | Bond | 1.15% | +3.03% | +0.00% | |
| 27 | OSIS 2.25 08-01-29Bond | Osi Systems Inc | Bond | 1.04% | -0.19% | +2.70% | |
| 28 | MMYT 0 02-15-28Bond | Makemytrip Limited | Bond | 1.04% | +0.07% | -20.12% | |
| 29 | MSTR 0 12-01-29Bond | Strategy Inc | Bond | 1.02% | -1.30% | — | |
| 30 | AVAV 0 07-15-30Bond | Aerovironment Inc | Bond | 1.02% | -0.01% | +41.56% | |
| 31 | CIFR 1.75 05-15-30Bond | Cipher Digital Inc | Bond | 0.94% | +0.52% | -18.52% | |
| 32 | PRGS 3.5 03-01-30Bond | Progress Software CORP | Bond | 0.94% | -0.07% | — | |
| 33 | VAC 3.25 12-15-27Bond | Marriott Vacation Worldw | Bond | 0.93% | -0.02% | EXIT | |
| 34 | GH 1.25 02-15-31Bond | Guardant Health Inc | Bond | 0.92% | +1.57% | +39.94% | |
| 35 | BBIO 2.5 03-15-27Bond | Bridgebio Pharma Inc | Bond | 0.91% | -0.59% | EXIT | |
| 36 | UPST 1 11-15-30Bond | Upstart Holdings Inc | Bond | 0.88% | +0.03% | — | |
| 37 | RIOT 0.75 01-15-30Bond | Riot Platforms Inc | Bond | 0.88% | +0.58% | — | |
| 38 | LRN 1.125 09-01-27Bond | Stride Inc | Bond | 0.87% | -0.07% | +190.43% | |
| 39 | CNMD 2.25 06-15-27Bond | Conmed CORP | Bond | 0.82% | -0.76% | EXIT | |
| 40 | SVMCN 4.75 12-15-29Bond | Silvercorp Metals Inc | Bond | 0.82% | -0.14% | — | |
| 41 | IREN 3.25 06-15-30Bond | Iren LTD | Bond | 0.78% | +0.12% | — | |
| 42 | W 3.5 11-15-28Bond | Wayfair Inc | Bond | 0.78% | -0.59% | EXIT | |
| 43 | FVICN 3.75 06-30-29Bond | Fortuna Mining CORP | Bond | 0.76% | -0.14% | +9.19% | |
| 44 | TVTX 2.25 03-01-29Bond | Travere Therapeutics Inc | Bond | 0.75% | -0.45% | -5.46% | |
| 45 | LIVN 2.5 03-15-29Bond | Livanova PLC | Bond | 0.73% | -0.08% | — | |
| 46 | WDC 3 11-15-28Bond | Western Digital CORP | Bond | 0.73% | — | -60.02% | |
| 47 | COIN 0.25 04-01-30Bond | Coinbase Global Inc | Bond | 0.69% | -0.06% | +29.11% | |
| 48 | PCRX 2.125 05-15-29Bond | Pacira Biosciences Inc | Bond | 0.67% | -0.03% | +2.35% | |
| 49 | MSTR 0.875 03-15-31Bond | Strategy Inc | Bond | 0.67% | -0.21% | +3.94% | |
| 50 | MSTR 2.25 06-15-32Bond | Strategy Inc | Bond | 0.66% | -0.06% | — |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LITE 0.5 06-15-28Bond | Lumentum Holdings Inc | +2.5% | +7.12% | Add |
| 2 | LITE 1.5 12-15-29Bond | Lumentum Holdings Inc | +1.6% | +4.48% | Add |
| 3 | LITE 0.5 12-15-26Bond | Lumentum Holdings Inc | +1.1% | +5.04% | Add |
| 4 | CELC 2.75 08-01-31Bond | Celcuity Inc | +0.9% | +118.41% | Add |
| 5 | GH 1.25 02-15-31Bond | Guardant Health Inc | +0.4% | +39.94% | Add |
| 6 | SPHR 3.5 12-01-28Bond | Sphere Entertainment Co | +0.4% | +1.32% | Add |
| 7 | BBIO 2.25 02-01-29Bond | Bridgebio Pharma Inc | +0.3% | +22.28% | Add |
| 8 | RUN 4 03-01-30Bond | Sunrun Inc | +0.3% | +30.68% | Add |
| 9 | COLL 2.875 02-15-29Bond | Collegium Pharma Inc | +0.3% | +19.52% | Add |
| 10 | HAE 2.5 06-01-29Bond | Haemonetics CORP | +0.3% | +20.22% | Add |
| 11 | LRN 1.125 09-01-27Bond | Stride Inc | +0.2% | +190.43% | Add |
| 12 | BBIO 2.5 03-15-27Bond | Bridgebio Pharma Inc | +0.2% | — | Unchanged |
| 13 | MKSI 1.25 06-01-30Bond | Mks Inc | +0.2% | +2.33% | Add |
| 14 | AVAV 0 07-15-30Bond | Aerovironment Inc | +0.1% | +41.56% | Add |
| 15 | TNDM 1.5 03-15-29 2024Bond | Tandem Diabetes Care Inc | +0.1% | +23.55% | Add |
| 16 | AEIS 2.5 09-15-28Bond | Advanced Energy Ind | +0.1% | +11.42% | Add |
| 17 | MARA 2.125 09-01-31Bond | Mara Holdings Inc | +0.1% | +173.08% | Add |
| 18 | TVTX 2.25 03-01-29Bond | Travere Therapeutics Inc | +0.1% | -5.46% | Trim |
| 19 | MSTR 0.625 09-15-28Bond | Strategy Inc | +0.1% | +1186.24% | Add |
| 20 | FVICN 3.75 06-30-29Bond | Fortuna Mining CORP | +0.1% | +9.19% | Add |
| 21 | W 3.5 11-15-28Bond | Wayfair Inc | +0.1% | +5.76% | Add |
| 22 | SEI 4.75 05-01-30Bond | Solaris Energy Infrastru | +0.1% | +7.75% | Add |
| 23 | ✓ | 0% | +233.33% | Add | |
| 24 | VRNS 1 09-15-29Bond | Varonis System Inc | 0% | +72.34% | Add |
| 25 | GH 0 11-15-27Bond | Guardant Health Inc | 0% | — | Unchanged |
| 26 | ✓ | Dynavax Technol | 0% | — | Unchanged |
| 27 | IONS 1.75 06-15-28Bond | Ionis Pharmaceuticals In | 0% | — | Unchanged |
| 28 | ECPG 4 03-15-29Bond | Encore Capital Group Inc | 0% | — | Unchanged |
| 29 | RPD 1.25 03-15-29Bond | Rapid7 Inc | 0% | +8.91% | Add |
| 30 | PTCT 1.5 09-15-26Bond | Ptc Therapeutics Inc | 0% | — | Unchanged |
| 31 | LIVN 2.5 03-15-29Bond | Livanova PLC | 0% | — | Unchanged |
| 32 | EXAS 0.375 03-01-28Bond | Exact Sciences CORP | 0% | -4.03% | Trim |
| 33 | COIN 0.25 04-01-30Bond | Coinbase Global Inc | 0% | +29.11% | Add |
| 34 | OSIS 2.25 08-01-29Bond | Osi Systems Inc | 0% | +2.70% | Add |
| 35 | NIO 3.875 10-15-29Bond | Nio Inc | -0.1% | -0.60% | Trim |
| 36 | RGEN 1 12-15-28Bond | Repligen CORP | -0.1% | -80.57% | Trim |
| 37 | CRNC 1.5 07-01-28Bond | Cerence Inc | -0.1% | -21.84% | Trim |
| 38 | LYFT 0.625 03-01-29Bond | Lyft Inc | -0.1% | — | Unchanged |
| 39 | BBCN 3 02-15-29Bond | Blackberry LTD | -0.1% | — | Unchanged |
| 40 | WT 3.25 08-15-29Bond | Wisdomtree Inc | -0.1% | -18.96% | Trim |
| 41 | CORZW | Core Scientific Inc - 27 | -0.1% | -28.44% | Trim |
| 42 | CIFR 1.75 05-15-30Bond | Cipher Digital Inc | -0.1% | -18.52% | Trim |
| 43 | EVH 3.5 12-01-29Bond | Evolent Health Inc | -0.1% | — | Unchanged |
| 44 | GPRE 2.25 03-15-27Bond | Green Plains Inc | -0.2% | -88.42% | Trim |
| 45 | ETSY 0.125 09-01-27Bond | Etsy Inc | -0.2% | -30.39% | Trim |
| 46 | WB 1.375 12-01-30Bond | Weibo CORP | -0.2% | -7.28% | Trim |
| 47 | ETSY 0.25 06-15-28Bond | Etsy Inc | -0.2% | -15.15% | Trim |
| 48 | SNAP 0.125 03-01-28Bond | Snap Inc | -0.2% | -61.34% | Trim |
| 49 | NIO 4.625 10-15-30Bond | Nio Inc | -0.2% | -29.38% | Trim |
| 50 | W 3.25 09-15-27Bond | Wayfair Inc | -0.3% | -56.16% | Trim |
According to official SEC Form 13F filings, Linden Advisors LP reported a total U.S. public equity portfolio value of $19.3B across 472 disclosed positions in Q4 2025.
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Top New Position Initiated
LEU 2.25 11-01-30
市值: $644.0M
Top Position Liquidated / Trimmed
BE 3 06-01-28
前期市值: $546.2M
During Q4 2025, Linden Advisors LP's top holdings by market value included LITE 0.5 06-15-28 (5.0%)、LEU 2.25 11-01-30 (4.0%)、LITE 1.5 12-15-29 (3.0%). The largest single position, LITE 0.5 06-15-28, represented 5.0% of total portfolio value.
In Q4 2025, Linden Advisors LP made 189 total portfolio adjustments, initiating 81 new buys, adding to 28 positions, trimming 32 holdings, and fully liquidating 48 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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