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Portfolio (Quarterly) Guide ↗

Linden Advisors LP

· CIK 0001279396
13F Portfolio $16.2B AUM 472 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 137 New 47 Added 39 Reduced 72 Exited
Page 1 of 7  ·  137 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 CENTRUS ENERGY CORP 2.25 11/01/2030 239,902,000.0 $644.0M 3.96% NEW $2.68
2 APPLIED DIGITAL CORP 2.75 06/01/2030 130,435,000.0 $350.9M 2.16% NEW $2.69
3 BILL HOLDINGS INC 0 04/01/2030 144A 314,207,000.0 $289.5M 1.78% NEW $0.92
4 AFFIRM HOLDINGS INC 0.75 12/15/2029 255,708,000.0 $283.4M 1.75% NEW $1.11
5 UPSTART HOLDINGS INC 2 10/01/2029 144A 187,145,000.0 $236.8M 1.46% NEW $1.27
6 CLEANSPARK INC 0 06/15/2030 144A 209,496,000.0 $217.2M 1.34% NEW $1.04
7 SOLARIS ENERGY INFRASTRU 0.25 10/01/2031 188,600,000.0 $204.3M 1.26% NEW $1.08
8 STRATEGY INC NOTE 12/0 202,633,000.0 $166.5M 1.02% NEW $0.82
9 UPSTART HOLDINGS INC 1 11/15/2030 163,302,000.0 $142.7M 0.88% NEW $0.87
10 RIOT PLATFORMS INC 0.75 01/15/2030 144A 125,924,000.0 $142.4M 0.88% NEW $1.13
11 SILVERCORP METALS INC 4.75 12/15/2029 144A 65,268,000.0 $133.3M 0.82% NEW $2.04
12 IREN LTD 3.25 06/15/2030 51,777,000.0 $127.0M 0.78% NEW $2.45
13 PAGAYA TECHNOLOGIES LTD 6.125 10/01/2029 47,972,000.0 $87.5M 0.54% NEW $1.82
14 MARA HOLDINGS INC 0 03/01/2030 144A 106,500,000.0 $83.9M 0.52% NEW $0.79
15 OMNICELL INC 1 12/01/2029 64,400,000.0 $69.5M 0.43% NEW $1.08
16 ALIGNMENT HEALTHCARE 4.25 11/15/2029 144A 44,700,000.0 $67.9M 0.42% NEW $1.52
17 FLUENCE ENERGY INC 2.25 06/15/2030 54,324,000.0 $65.8M 0.41% NEW $1.21
18 MARA HOLDINGS INC 0 06/01/2031 69,715,000.0 $58.4M 0.36% NEW $0.84
19 SYNAPTICS INC 0.75 12/01/2031 54,800,000.0 $57.8M 0.36% NEW $1.06
20 GLOBAL PAYMENTS INC 1.5 03/01/2031 60,130,000.0 $54.0M 0.33% NEW $0.90
Page 1 of 7  ·  137 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 91.7%
Healthcare 7.6%
Communication Services 0.6%
Technology 0.1%