LT
Linden Thomas Advisory Services, LLC Quarterly 13F Portfolio Update (Q3 2026)
Linden Thomas Advisory Services, LLCCIK: 0001965702
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.3B
Reporting period: 2026-09-30 · Number of holdings: 552
Linden Thomas Advisory Services, LLC disclosed 552 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.3B and a quarterly turnover rate of 21.7%.
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Personality snowflake
- Concentration
- 2.07
- Portfolio Stability
- 21.7
- Momentum
- 100
- Sector conviction
- 65.69
- Diversification
- 100
- Sizing Uniformity
- 86.34
Linden Thomas Advisory Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.005 — mathematically equivalent to about 193 equally-sized positions, well below its 552 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.37), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim ICHR
-32.6% -$8.1M
New buy 30233Q108
Sold out XOM
Sold out CPRX
Trim FIX
-45.0% -$4.8M
Trim GLW
+7.2% -$4.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 552 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 3.17% | +0.34% | -0.34% | |
| 2 | ANET | Arista Networks Inc | Stock-Tech | 1.81% | +0.32% | +3.44% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 1.69% | +0.21% | +0.61% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.65% | -0.07% | +1.14% | |
| 5 | AVGO | Broadcom Inc | Stock-Tech | 1.42% | -0.12% | +0.70% | |
| 6 | AMD | Advanced Micro Devices | Stock-Tech | 1.29% | +0.06% | +1.29% | |
| 7 | PANW | Palo Alto Networks Inc | Stock-Tech | 1.24% | +0.19% | +2.06% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.13% | +0.29% | +0.16% | |
| 9 | FFIV | F5 Inc | Stock-Tech | 0.83% | +0.05% | +1.23% | |
| 10 | P | Everpure Inc-a | Stock-Tech | 0.83% | +0.33% | +0.77% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.81% | +0.17% | -0.11% | |
| 12 | ALAB | Astera Labs Inc | Stock-Tech | 0.78% | -0.29% | +0.65% | |
| 13 | FTNT | Fortinet Inc | Stock-Tech | 0.76% | +0.10% | +1.44% | |
| 14 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.75% | +0.19% | +0.75% | |
| 15 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.74% | +0.19% | +298.73% | |
| 16 | CSCO | Cisco Systems Inc | Stock-Tech | 0.65% | -0.06% | +1.41% | |
| 17 | GLW | Corning Inc | Stock-Tech | 0.65% | -0.37% | +7.23% | |
| 18 | LRCX | Lam Research CORP | Stock-Tech | 0.64% | -0.14% | +9.09% | |
| 19 | HEI | Heico CORP | Stock-Industrials | 0.63% | -0.12% | +0.55% | |
| 20 | KLAC | Kla CORP | Stock-Tech | 0.63% | -0.36% | -0.07% | |
| 21 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.62% | +0.18% | +1.06% | |
| 22 | MO | Altria Group Inc | Stock-Consumer Staples | 0.61% | -0.04% | +1.21% | |
| 23 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.61% | — | +4.37% | |
| 24 | MATX | Matson Inc | Stock-Industrials | 0.60% | +0.09% | +4.61% | |
| 25 | RMD | Resmed Inc | Stock-Healthcare | 0.60% | +0.07% | +1.16% | |
| 26 | ✓ | Stock-Other | 0.58% | +0.58% | NEW | ||
| 27 | OKTA | Okta Inc | Stock-Tech | 0.55% | +0.19% | +2.73% | |
| 28 | NOW | Servicenow Inc | Stock-Tech | 0.55% | +0.14% | +1.84% | |
| 29 | CDNS | Cadence Design Sys Inc | Stock-Tech | 0.53% | -0.07% | +1.25% | |
| 30 | V | Visa Inc-class A Shares | Stock-Financials | 0.53% | +0.02% | +0.39% | |
| 31 | AMAT | Applied Materials Inc | Stock-Tech | 0.51% | -0.21% | +1.03% | |
| 32 | DDOG | Datadog Inc - Class A | Stock-Tech | 0.51% | +0.04% | +2.89% | |
| 33 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.50% | +0.04% | +1.34% | |
| 34 | GEV | GE Vernova Inc | Stock-Industrials | 0.49% | -0.07% | +9.31% | |
| 35 | DXCM | Dexcom Inc | Stock-Healthcare | 0.47% | +0.09% | -0.09% | |
| 36 | APH | Amphenol Corp-cl A | Stock-Tech | 0.46% | +0.01% | +115.72% | |
| 37 | ARCB | Arcbest CORP | Stock-Other | 0.46% | -0.04% | +5.61% | |
| 38 | TEAM | Atlassian Corp-cl A | Stock-Tech | 0.46% | +0.26% | +2.89% | |
| 39 | SPGI | S&p Global Inc | Stock-Financials | 0.46% | -0.01% | +1.34% | |
| 40 | INCY | Incyte CORP | Stock-Healthcare | 0.46% | +0.03% | +1.72% | |
| 41 | WMT | Walmart Inc | Stock-Consumer Staples | 0.44% | -0.03% | +3.24% | |
| 42 | ADI | Analog Devices Inc | Stock-Tech | 0.43% | +0.05% | +12.82% | |
| 43 | FOXA | Fox CORP - Class A | Stock-Comm Services | 0.43% | +0.08% | +3.71% | |
| 44 | MA | Mastercard Inc - A | Stock-Financials | 0.43% | +0.03% | +0.81% | |
| 45 | WMB | Williams Cos Inc | Stock-Energy | 0.42% | -0.04% | +1.33% | |
| 46 | NVT | nVent Electric plc | Stock-Industrials | 0.41% | -0.03% | +1.60% | |
| 47 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.41% | -0.09% | -1.00% | |
| 48 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.40% | — | +3.64% | |
| 49 | CRM | Salesforce Inc | Stock-Tech | 0.40% | +0.13% | +0.20% | |
| 50 | ROG | Rogers CORP | Stock-Other | 0.39% | — | +7.74% |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q4 2026
+0.4%
Performance Last 4 Quarters
+13%
- Stdev
- +13.2%
- Beta
- +0.99
- Alpha
- -4.1%
- Max Drawdown
- -10.1%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +2.76
- Stutzer
- +0.4
- Treynor
- +0.18
- Sterling
- +1.08
- Calmar
- +1.82
- Information Ratio
- -0.82
- Tracking Error
- +5.4%
- Stdev Down
- +6.5%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +28.9%
- Worst 12 Months
- +0.8%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.35
- Stdev Sectors
- +10.8%
- Skewness
- +0.06
- Kurtosis
- -0.28
- Upside Potential
- +4.31
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 552 | $1.3B | 22 | ||
| 2026 Q2 | 542 | $1.2B | 0 | ||
| 2026 Q1 | 530 | $1.0B | 32 | ||
| 2025 Q4 | 485 | $986.6M | 13 | ||
| 2025 Q3 | 483 | $988.2M | 38 | ||
| 2025 Q2 | 478 | $908.1M | 0 | ||
| 2025 Q1 | 460 | $772.5M | 0 | ||
| 2024 Q4 | 469 | $789.0M | 0 | ||
| 2024 Q3 | 465 | $731.9M | 0 | ||
| 2024 Q2 | 446 | $647.2M | 0 | ||
| 2024 Q1 | 453 | $622.5M | 0 | ||
| 2023 Q4 | 415 | $535.5M | 0 | ||
| 2023 Q3 | 385 | $448.8M | 0 | ||
| 2023 Q2 | 364 | $450.3M | 0 | ||
| 2023 Q1 | 327 | $403.2M | 0 | ||
| 2022 Q4 | 326 | $355.1M | 0 |
Holding changes this quarter
Linden Thomas Advisory Services, LLC's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Catalyst Pharmaceuticals Inc (CPRX); Sold out: Oneok Inc (OKE); New buy: .
Showing top 200 changes by size (of 572 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +0.6% | NEW | New buy | |
| 2 | NVDA | Nvidia CORP | +0.3% | -0.34% | Trim |
| 3 | P | Everpure Inc-a | +0.3% | +0.77% | Add |
| 4 | ANET | Arista Networks Inc | +0.3% | +3.44% | Add |
| 5 | MSFT | Microsoft CORP | +0.3% | +0.16% | Add |
| 6 | TEAM | Atlassian Corp-cl A | +0.3% | +2.89% | Add |
| 7 | AMZN | Amazon.com Inc | +0.3% | +279.58% | Add |
| 8 | AAPL | Apple Inc | +0.2% | +0.61% | Add |
| 9 | ✓ | +0.2% | NEW | New buy | |
| 10 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | +298.73% | Add |
| 11 | OKTA | Okta Inc | +0.2% | +2.73% | Add |
| 12 | PANW | Palo Alto Networks Inc | +0.2% | +2.06% | Add |
| 13 | TMO | Thermo Fisher Scientific Inc | +0.2% | +0.75% | Add |
| 14 | HPE | Hewlett Packard Enterprise | +0.2% | +1.06% | Add |
| 15 | CNXN | Pc Connection Inc | +0.2% | +85.37% | Add |
| 16 | META | Meta Platforms Inc-class A | +0.2% | -0.11% | Trim |
| 17 | NOW | Servicenow Inc | +0.1% | +1.84% | Add |
| 18 | REX | Rex American Resources CORP | +0.1% | NEW | New buy |
| 19 | PLTR | Palantir Technologies Inc-a | +0.1% | +1.59% | Add |
| 20 | PLPC | Preformed Line Products Co | +0.1% | NEW | New buy |
| 21 | JOE | St Joe Co/the | +0.1% | NEW | New buy |
| 22 | TNK | Teekay Tankers Ltd. | +0.1% | +6.59% | Add |
| 23 | NVGS | Navigator Holdings Ltd. | +0.1% | NEW | New buy |
| 24 | CFR | Cullen/frost Bankers Inc | +0.1% | NEW | New buy |
| 25 | CRM | Salesforce Inc | +0.1% | +0.20% | Add |
| 26 | CNX | Cnx Resources CORP | +0.1% | NEW | New buy |
| 27 | VEEV | Veeva Systems Inc-class A | +0.1% | -0.72% | Trim |
| 28 | ZBRA | Zebra Technologies Corp-cl A | +0.1% | +0.87% | Add |
| 29 | WDAY | Workday Inc-class A | +0.1% | +2.39% | Add |
| 30 | BBY | Best Buy Co Inc | +0.1% | +75.57% | Add |
| 31 | DGX | Quest Diagnostics Inc | +0.1% | +36.39% | Add |
| 32 | FTNT | Fortinet Inc | +0.1% | +1.44% | Add |
| 33 | ARW | Arrow Electronics Inc | +0.1% | NEW | New buy |
| 34 | DXCM | Dexcom Inc | +0.1% | -0.09% | Trim |
| 35 | MATX | Matson Inc | +0.1% | +4.61% | Add |
| 36 | NTAP | Netapp Inc | +0.1% | +1.09% | Add |
| 37 | ANDE | Andersons Inc/the | +0.1% | NEW | New buy |
| 38 | CTSH | Cognizant Tech Solutions-a | +0.1% | +1.03% | Add |
| 39 | FOXA | Fox CORP - Class A | +0.1% | +3.71% | Add |
| 40 | BRC | Brady Corporation - Cl A | +0.1% | NEW | New buy |
| 41 | ZS | Zscaler Inc | +0.1% | +2.77% | Add |
| 42 | RMD | Resmed Inc | +0.1% | +1.16% | Add |
| 43 | PARR | Par Pacific Holdings Inc | +0.1% | -0.12% | Trim |
| 44 | CORT | Corcept Therapeutics Inc | +0.1% | -0.91% | Trim |
| 45 | ✓ | +0.1% | NEW | New buy | |
| 46 | HALO | Halozyme Therapeutics Inc | +0.1% | +1.08% | Add |
| 47 | AMD | Advanced Micro Devices | +0.1% | +1.29% | Add |
| 48 | MANH | Manhattan Associates Inc | +0.1% | -0.70% | Trim |
| 49 | SPSC | Sps Commerce Inc | +0.1% | -0.82% | Trim |
| 50 | FFIV | F5 Inc | +0.1% | +1.23% | Add |
1–50 of 200
Filing History
FAQ
What is Linden Thomas Advisory Services, LLC and what type of investor is it?
Linden Thomas Advisory Services, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 552 disclosed positions.
What are Linden Thomas Advisory Services, LLC's largest equity positions?
Based on the latest 13F filing, Linden Thomas Advisory Services, LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $39.9M (3.2%)
2. Arista Networks Inc (ANET) — $22.8M (1.8%)
3. Apple Inc (AAPL) — $21.3M (1.7%)
4. Alphabet Inc-cl A (GOOGL) — $20.8M (1.6%)
5. Broadcom Inc (AVGO) — $17.9M (1.4%)
What changes did Linden Thomas Advisory Services, LLC make in its most recent portfolio filing?
In the latest reported quarter, Linden Thomas Advisory Services, LLC made 200 notable position adjustments: 24 new positions were initiated, 125 existing holdings were added to, 40 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Catalyst Pharmaceuticals Inc (CPRX); Sold out: Oneok Inc (OKE); New buy:
What sectors does Linden Thomas Advisory Services, LLC focus on?
Linden Thomas Advisory Services, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.7%
• Health Care: 13.0%
• Industrials: 12.9%
• Financials: 8.2%
• Consumer Discretionary: 8.0%
• Communication Services: 6.3%
Investment Profile
Linden Thomas Advisory Services, LLC returned an annualized 18.4% over the trailing 36 months — underperforming the S&P 500 by 4.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.99 (roughly in line with the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 40.7% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 38 to 22 over the past 4 quarters — a shift toward longer holding periods.
It has added to its AMD position over the past two quarters (+$10.9M, now $16.2M), while trimming NFLX over the same stretch (-$3.3M, still holding $3.6M).
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