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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 6 of 24  ·  472 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 WAYFAIR INC 3.25 09/15/2027 20,327,000.0 $34.0M 0.21% -26.0M -56.2% $1.67
102 SEMTECH CORP 1.625 11/01/2027 16,664,000.0 $33.9M 0.21% -122.0M -88.0% $2.04
103 IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029 24,086,000.0 $33.7M 0.21% -68.0M -73.8% $1.40
104 ZTS ZOETIS INC Healthcare 255,200.0 $32.1M 0.20% NEW $125.82 -40.0%
105 IONIS PHARMACEUTICALS IN 1.75 06/15/2028 19,930,000.0 $31.7M 0.20% $1.59
106 EQV VENTURES ACQUISITION C A 3,009,198.0 $31.6M 0.19% $10.49
107 PTC THERAPEUTICS INC 1.5 09/15/2026 19,979,000.0 $29.7M 0.18% $1.49
108 APELLIS PHARMACEUTICALS 3.5 09/15/2026 28,138,000.0 $29.1M 0.18% $1.03
109 LEMAITRE VASCULAR INC 2.5 02/01/2030 144A 29,000,000.0 $29.0M 0.18% NEW $1.00
110 PENGUIN SOLUTIONS INC 2 08/15/2030 28,000,000.0 $28.6M 0.18% +1.1M +4.1% $1.02
111 SSR MINING INC 2.5 04/01/2039 21,650,000.0 $28.3M 0.17% NEW $1.31
112 APPLIED OPTOELECTRONICS 2.75 01/15/2030 24,250,000.0 $28.1M 0.17% $1.16
113 VERTEX INC 0.75 05/01/2029 144A 28,700,000.0 $27.2M 0.17% $0.95
114 ARRAY TECHNOLOGIES INC 1 12/01/2028 28,170,000.0 $25.5M 0.16% $0.91
115 PAR TECHNOLOGY CORP 1.5 10/15/2027 23,220,000.0 $22.7M 0.14% $0.98
116 SILVERBOX CORP IV A 2,000,000.0 $21.2M 0.13% $10.58
117 GRANITE CONSTRUCTION INC 3.25 06/15/2030 12,852,000.0 $20.5M 0.13% -106.1M -89.2% $1.60
118 RIVIAN AUTO INC 3.625 10/15/2030 18,000,000.0 $20.2M 0.12% NEW $1.12
119 VARONIS SYSTEM INC 1 09/15/2029 144A 21,403,000.0 $19.9M 0.12% +9.0M +72.3% $0.93
120 IPCX INFLECTION POINT ACQUISITION Financial Services 1,865,000.0 $18.9M 0.12% $10.14 +1.6%
Page 6 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%