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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 4 of 24  ·  472 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 PAGAYA TECHNOLOGIES LTD 6.125 10/01/2029 47,972,000.0 $87.5M 0.54% NEW $1.82
62 AMPHASTAR PHARMACEUTICAL 2 03/15/2029 93,574,000.0 $86.6M 0.53% $0.93
63 MARA HOLDINGS INC 0 03/01/2030 144A 106,500,000.0 $83.9M 0.52% NEW $0.79
64 WINNEBAGO INDUSTRIES 3.25 01/15/2030 88,548,000.0 $83.3M 0.51% $0.94
65 ENCORE CAPITAL GROUP INC 4 03/15/2029 74,960,000.0 $82.7M 0.51% $1.10
66 IMMUNOCORE HOLDINGS 2.5 02/01/2030 90,836,000.0 $82.3M 0.51% +1.5M +1.7% $0.91
67 WEIBO CORP 1.375 12/01/2030 69,471,000.0 $80.6M 0.50% -5.5M -7.3% $1.16
68 TANDEM DIABETES CARE INC 1.5 03/15/2029 144A 78,683,000.0 $80.2M 0.49% +15.0M +23.6% $1.02
69 SNAP INC 0.5 05/01/2030 144A 90,118,000.0 $79.0M 0.49% -65.0M -41.9% $0.88
70 TRANSMEDICS GROUP INC 1.5 06/01/2028 52,327,000.0 $78.4M 0.48% -59.5M -53.2% $1.50
71 EVOLENT HEALTH INC 3.5 12/01/2029 114,600,000.0 $77.4M 0.48% $0.68
72 SOLAR EDGE TECHNOLOGIES 2.25 07/01/2029 63,338,000.0 $73.8M 0.45% +7.1M +12.7% $1.16
73 ENVISTA HOLDINGS CORP 1.75 08/15/2028 75,854,000.0 $72.9M 0.45% $0.96
74 WORKIVA INC 1.25 08/15/2028 72,275,000.0 $71.5M 0.44% -53.0M -42.3% $0.99
75 SUPER MICRO COMPUTER INC 3.5 03/01/2029 77,858,000.0 $69.5M 0.43% -186.8M -70.6% $0.89
76 OMNICELL INC 1 12/01/2029 64,400,000.0 $69.5M 0.43% NEW $1.08
77 INNOVIVA INC 2.125 03/15/2028 67,396,000.0 $68.8M 0.42% $1.02
78 ALIGNMENT HEALTHCARE 4.25 11/15/2029 144A 44,700,000.0 $67.9M 0.42% NEW $1.52
79 LYFT INC 0.625 03/01/2029 56,274,000.0 $67.8M 0.42% $1.20
80 FLUENCE ENERGY INC 2.25 06/15/2030 54,324,000.0 $65.8M 0.41% NEW $1.21
Page 4 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%