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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 2 of 7  ·  137 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 GREEN PLAINS INC 5.25 11/01/2030 49,508,000.0 $52.2M 0.32% NEW $1.05
22 COGENT BIOSCIENCES INC 1.625 11/15/2031 44,100,000.0 $51.7M 0.32% NEW $1.17
23 RIVIAN AUTO INC 4.625 03/15/2029 40,500,000.0 $50.9M 0.31% NEW $1.26
24 T1 ENERGY INC 5.25 12/01/2030 30,950,000.0 $39.5M 0.24% NEW $1.28
25 ZTS ZOETIS INC Healthcare 255,200.0 $32.1M 0.20% NEW $125.82 -40.0%
26 LEMAITRE VASCULAR INC 2.5 02/01/2030 144A 29,000,000.0 $29.0M 0.18% NEW $1.00
27 SSR MINING INC 2.5 04/01/2039 21,650,000.0 $28.3M 0.17% NEW $1.31
28 RIVIAN AUTO INC 3.625 10/15/2030 18,000,000.0 $20.2M 0.12% NEW $1.12
29 RANGE CAPITAL ACQUISIT CL A 1,729,896.0 $17.3M 0.11% NEW $9.98
30 TLNC TALON CAPITAL CORP CL A Financial Services 1,622,152.0 $16.4M 0.10% NEW $10.10 +1.0%
31 SC II ACQUISITION CORP 1,498,500.0 $15.1M 0.09% NEW $10.08
32 IRON HORSE ACQUISITION II CO 1,500,000.0 $14.9M 0.09% NEW $9.94
33 MCKINLEY ACQUISITION CO CL A 1,445,000.0 $14.4M 0.09% NEW $9.97
34 DAEDALUS SPECIAL ACQUISITION 1,350,000.0 $13.6M 0.08% NEW $10.05
35 VIAVI SOLUTIONS INC 1.625 03/15/2026 10,000,000.0 $13.5M 0.08% NEW $1.35
36 HERBALIFE LTD 4.25 06/15/2028 12,200,000.0 $13.2M 0.08% NEW $1.08
37 NUTANIX INC 0.5 12/15/2029 13,500,000.0 $13.0M 0.08% NEW $0.96
38 OTG ACQUISITION CORP I CL A 1,250,000.0 $12.5M 0.08% NEW $10.00
39 MESHFLOW ACQUISITION CORP 1,250,000.0 $12.5M 0.08% NEW $10.00
40 GSR IV ACQUISITION CORP CL A 1,250,000.0 $12.5M 0.08% NEW $9.99
Page 2 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%