Linden Advisors LP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Linden Advisors LP disclosed 307 US equity positions worth $14.7bn in its Q1 2025 13F filing. The largest position was MICROSTRATEGY INC 0.625 03/15/2030 144A at 3.7% of the reported book, followed by WDC and SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029. Against the Q4 2024 filing, it opened 11 new positions, added to 26 and reduced 9 among the top 50 holdings.
What did Linden Advisors LP own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | MICROSTRATEGY INC 0.625 03/15/2030 144A | 3.7% | $545.4m | 267,940,000 | – | new | |
| 2 | WDC WESTERN DIGITAL CORP 3 11/15/2028 | 3.3% | $490.5m | 380,752,000 | 3% | added | |
| 3 | SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029 | 2.6% | $381.1m | 393,133,000 | – | new | |
| 4 | COINBASE GLOBAL INC 0.25 04/01/2030 144A | 2.1% | $314.0m | 338,936,000 | – | new | |
| 5 | PG&E CORP 4.25 12/01/2027 | 2.1% | $303.6m | 286,461,000 | 117% | added | |
| 6 | LI AUTO INC 0.25 05/01/2028 | 2.0% | $300.1m | 254,395,000 | 7% | added | |
| 7 | CONFLUENT INC 0 01/15/2027 | 2.0% | $293.0m | 316,945,000 | -3% | reduced | |
| 8 | INSM INSMED INC 0.75 06/01/2028 | 1.9% | $278.6m | 117,383,000 | 4% | added | |
| 9 | LIBERTY MEDIA CORP 3.75 03/15/2028 | 1.9% | $274.6m | 264,910,000 | 9% | added | |
| 10 | UNITED STATES STEEL CORP 5 11/01/2026 | 1.7% | $245.5m | 77,461,000 | -11% | reduced | |
| 11 | MAKEMYTRIP LIMITED 0 02/15/2028 | 1.6% | $238.0m | 92,761,000 | 4% | added | |
| 12 | DRAFTKINGS HOLDINGS INC 0 03/15/2028 | 1.5% | $224.5m | 256,762,000 | -10% | reduced | |
| 13 | LITE LUMENTUM HOLDINGS INC 0.5 06/15/2028 | 1.5% | $224.4m | 242,752,000 | 6% | added | |
| 14 | ZTO EXPRESS KY INC 1.5 09/01/2027 | 1.5% | $217.2m | 215,865,000 | -3% | reduced | |
| 15 | ASND ASCENDIS PHARMA A/S 2.25 04/01/2028 | 1.4% | $201.1m | 169,247,000 | 0% | held | |
| 16 | CYTK CYTOKINETICS INC 3.5 07/01/2027 | 1.3% | $198.9m | 173,652,000 | 1% | added | |
| 17 | FIVE9 INC 1 03/15/2029 | 1.3% | $192.8m | 225,686,000 | – | new | |
| 18 | TRANSMEDICS GROUP INC 1.5 06/01/2028 | 1.3% | $189.1m | 175,874,000 | 11% | added | |
| 19 | IRTC IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029 | 1.3% | $186.6m | 178,846,000 | – | new | |
| 20 | LIVE NATION ENTERTAINMEN 3.125 01/15/2029 | 1.1% | $166.9m | 119,993,000 | 1190% | added | |
| 21 | SMTC SEMTECH CORP 1.625 11/01/2027 | 1.1% | $156.7m | 126,884,000 | 6% | added | |
| 22 | LITE LUMENTUM HOLDINGS INC 0.5 12/15/2026 | 1.0% | $153.7m | 148,122,000 | 28% | added | |
| 23 | MARRIOTT VACATION WORLDW 3.25 12/15/2027 | 1.0% | $147.3m | 158,899,000 | -0% | held | |
| 24 | RAPID7 INC 0.25 03/15/2027 | 1.0% | $144.2m | 157,312,000 | 0% | held | |
| 25 | ETSY INC 0.125 09/01/2027 | 1.0% | $143.7m | 162,828,000 | 7% | added | |
| 26 | SRPT SAREPTA THERAPEUTICS INC 1.25 09/15/2027 | 1.0% | $142.5m | 153,106,000 | 69% | added | |
| 27 | DOCN DIGITALOCEAN HOLDINGS 0 12/01/2026 | 0.9% | $139.3m | 149,397,000 | 48% | added | |
| 28 | VSH VISHAY INTERTECHNOLOGY 2.25 09/15/2030 | 0.9% | $138.9m | 156,660,000 | 39% | added | |
| 29 | EXACT SCIENCES CORP 0.375 03/15/2027 | 0.9% | $138.1m | 149,662,000 | 1% | added | |
| 30 | TNDM TANDEM DIABETES CARE INC 1.5 03/15/2029 144A | 0.9% | $137.3m | 145,356,000 | – | new | |
| 31 | CNMD CONMED CORP 2.25 06/15/2027 | 0.9% | $132.7m | 140,775,000 | 4% | added | |
| 32 | H WORLD GROUP LTD 3 05/01/2026 | 0.9% | $128.9m | 115,151,000 | -3% | reduced | |
| 33 | PROGRESS SOFTWARE CORP 3.5 03/01/2030 | 0.9% | $128.3m | 122,000,000 | – | new | |
| 34 | MICROSTRATEGY INC 0.875 03/15/2031 | 0.9% | $127.0m | 89,780,000 | – | new | |
| 35 | LYFT INC 0.625 03/01/2029 | 0.8% | $124.3m | 128,112,000 | – | new | |
| 36 | BLOOM ENERGY CORP 3 06/01/2028 | 0.8% | $123.4m | 94,148,000 | 43% | added | |
| 37 | BBIO BRIDGEBIO PHARMA INC 2.25 02/01/2029 | 0.8% | $123.2m | 136,798,000 | 34% | added | |
| 38 | ETSY ETSY INC 0.25 06/15/2028 | 0.8% | $122.9m | 144,500,000 | 2% | added | |
| 39 | MARRIOTT VACATION WORLDW 0 01/15/2026 | 0.8% | $122.0m | 127,203,000 | -1% | reduced | |
| 40 | COLLEGIUM PHARMA INC 2.875 02/15/2029 | 0.8% | $121.4m | 112,550,000 | -1% | reduced | |
| 41 | CNP CENTERPOINT ENERGY INC 4.25 08/15/2026 | 0.8% | $120.9m | 111,432,000 | 355% | added | |
| 42 | EXACT SCIENCES CORP 0.375 03/01/2028 | 0.8% | $119.2m | 135,425,000 | 11% | added | |
| 43 | LRN STRIDE INC 1.125 09/01/2027 | 0.8% | $118.4m | 48,554,000 | -15% | reduced | |
| 44 | IDCC INTERDIGITAL INC 3.5 06/01/2027 | 0.8% | $116.8m | 43,457,000 | 55% | added | |
| 45 | LITE LUMENTUM HOLDINGS INC 1.5 12/15/2029 | 0.8% | $113.2m | 96,036,000 | -1% | reduced | |
| 46 | CSG SYSTEMS INTERNATIONA 3.875 09/15/2028 | 0.8% | $112.8m | 104,292,000 | 57% | added | |
| 47 | PARSONS CORP 2.625 03/01/2029 | 0.7% | $110.0m | 109,945,000 | – | new | |
| 48 | PI IMPINJ INC 1.125 05/15/2027 | 0.7% | $109.3m | 96,220,000 | 13% | added | |
| 49 | PD PAGERDUTY Inc 1.5 10/15/2028 | 0.7% | $106.1m | 106,786,000 | 0% | held | |
| 50 | EVRG EVERGY INC 4.5 12/15/2027 | 0.7% | $105.9m | 90,027,000 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.