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Portfolio (Quarterly) Guide ↗

Linden Advisors LP

· CIK 0001279396
13F Portfolio $15.0B AUM Filed Nov 14, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 407 New
Page 6 of 21  ·  407 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 PENGUIN SOLUTIONS INC 2 08/15/2030 26,900,000.0 $32.1M 0.21% NEW $1.19
102 EQV VENTURES ACQUISITION C A 3,009,198.0 $31.2M 0.21% NEW $10.38
103 VERTEX INC 0.75 05/01/2029 144A 28,700,000.0 $29.2M 0.20% NEW $1.02
104 NVMI NOVA LTD Technology 90,980.0 $29.1M 0.19% NEW $319.66 +52.5%
105 APELLIS PHARMACEUTICALS 3.5 09/15/2026 28,138,000.0 $28.9M 0.19% NEW $1.03
106 KOSMOS ENERGY LTD 3.125 03/15/2030 43,344,000.0 $27.6M 0.18% NEW $0.64
107 IONIS PHARMACEUTICALS IN 1.75 06/15/2028 19,930,000.0 $27.6M 0.18% NEW $1.38
108 SEMTECH CORP 4 11/01/2028 7,450,000.0 $26.4M 0.18% NEW $3.55
109 PTC THERAPEUTICS INC 1.5 09/15/2026 19,979,000.0 $25.7M 0.17% NEW $1.29
110 GREEN PLAINS INC 2.25 03/15/2027 26,804,000.0 $25.7M 0.17% NEW $0.96
111 ARRAY TECHNOLOGIES INC 1 12/01/2028 28,170,000.0 $24.5M 0.16% NEW $0.87
112 APPLIED OPTOELECTRONICS 2.75 01/15/2030 24,250,000.0 $24.3M 0.16% NEW $1.00
113 PAR TECHNOLOGY CORP 1.5 10/15/2027 23,220,000.0 $22.4M 0.15% NEW $0.97
114 SILVERBOX CORP IV A 2,000,000.0 $20.9M 0.14% NEW $10.47
115 MARA HOLDINGS INC 2.125 09/01/2031 144A 15,600,000.0 $18.9M 0.13% NEW $1.21
116 IPCX INFLECTION POINT ACQUISITI A Financial Services 1,865,000.0 $18.8M 0.12% NEW $10.09 +2.1%
117 BXP BXP INC Real Estate 251,871.0 $18.7M 0.12% NEW $74.34 -19.4%
118 EVENTBRITE INC 0.75 09/15/2026 19,273,000.0 $18.3M 0.12% NEW $0.95
119 HALOZYME THERAPEUTICS IN 1 08/15/2028 12,993,000.0 $18.3M 0.12% NEW $1.41
120 THAYER VENTURES ACQUIS CL A 1,750,000.0 $17.6M 0.12% NEW $10.04
Page 6 of 21  ·  407 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 81.0%
Technology 7.7%
Real Estate 5.0%
Consumer Cyclical 2.6%
Healthcare 1.7%
Basic Materials 1.0%
Communication Services 0.7%
Industrials 0.3%