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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 24  ·  472 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 SOLARIS ENERGY INFRASTRU 0.25 10/01/2031 188,600,000.0 $204.3M 1.26% NEW $1.08
22 HAEMONETICS CORP 2.5 06/01/2029 195,904,000.0 $203.6M 1.25% +32.9M +20.2% $1.04
23 CELCUITY INC 2.75 08/01/2031 93,372,000.0 $202.5M 1.25% +50.6M +118.4% $2.17
24 ASCENDIS PHARMA A/S 2.25 04/01/2028 137,397,000.0 $195.1M 1.20% -7.5M -5.2% $1.42
25 COLLEGIUM PHARMA INC 2.875 02/15/2029 134,690,000.0 $190.4M 1.17% +22.0M +19.5% $1.41
26 VISHAY INTERTECHNOLOGY 2.25 09/15/2030 208,038,000.0 $187.5M 1.15% $0.90
27 OSI SYSTEMS INC 2.25 08/01/2029 114,046,000.0 $169.4M 1.04% +3.0M +2.7% $1.49
28 MAKEMYTRIP LIMITED 0 02/15/2028 78,484,000.0 $168.9M 1.04% -19.8M -20.1% $2.15
29 STRATEGY INC NOTE 12/0 202,633,000.0 $166.5M 1.02% NEW $0.82
30 AEROVIRONMENT INC 0 07/15/2030 152,964,000.0 $166.2M 1.02% +44.9M +41.6% $1.09
31 CIPHER MINING 1.75 05/15/2030 44,000,000.0 $153.4M 0.94% -10.0M -18.5% $3.49
32 PROGRESS SOFTWARE CORP 3.5 03/01/2030 151,347,000.0 $153.4M 0.94% $1.01
33 MARRIOTT VACATION WORLDW 3.25 12/15/2027 158,451,000.0 $151.0M 0.93% $0.95
34 GUARDANT HEALTH INC 1.25 02/15/2031 81,820,000.0 $149.7M 0.92% +23.4M +39.9% $1.83
35 BRIDGEBIO PHARMA INC 2.5 03/15/2027 78,430,000.0 $148.0M 0.91% $1.89
36 UPSTART HOLDINGS INC 1 11/15/2030 163,302,000.0 $142.7M 0.88% NEW $0.87
37 RIOT PLATFORMS INC 0.75 01/15/2030 144A 125,924,000.0 $142.4M 0.88% NEW $1.13
38 STRIDE INC 1.125 09/01/2027 103,952,000.0 $141.9M 0.87% +68.2M +190.4% $1.37
39 CONMED CORP 2.25 06/15/2027 139,175,000.0 $133.4M 0.82% $0.96
40 SILVERCORP METALS INC 4.75 12/15/2029 144A 65,268,000.0 $133.3M 0.82% NEW $2.04
Page 2 of 24  ·  472 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%