Linden Advisors LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Linden Advisors LP disclosed 376 US equity positions worth $16.3bn in its Q2 2025 13F filing. The largest position was MICROSTRATEGY INC 0.625 03/15/2030 144A at 4.7% of the reported book, followed by COINBASE GLOBAL INC 0.25 04/01/2030 144A and TRIP COM GROUP LTD 0.75 06/15/2029 144A. Against the Q1 2025 filing, it opened 9 new positions, added to 21 and reduced 13 among the top 50 holdings.
What did Linden Advisors LP own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | MICROSTRATEGY INC 0.625 03/15/2030 144A | 4.7% | $764.9m | 274,640,000 | 3% | added | |
| 2 | COINBASE GLOBAL INC 0.25 04/01/2030 144A | 3.1% | $503.0m | 384,176,000 | 13% | added | |
| 3 | TRIP COM GROUP LTD 0.75 06/15/2029 144A | 2.5% | $402.4m | 362,635,000 | – | new | |
| 4 | SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029 | 2.3% | $378.4m | 362,108,000 | -8% | reduced | |
| 5 | LI AUTO INC 0.25 05/01/2028 | 2.0% | $323.0m | 271,707,000 | 7% | added | |
| 6 | ZTO EXPRESS KY INC 1.5 09/01/2027 | 2.0% | $322.6m | 324,304,000 | 50% | added | |
| 7 | TRANSMEDICS GROUP INC 1.5 06/01/2028 | 1.8% | $291.1m | 181,374,000 | 3% | added | |
| 8 | LIBERTY MEDIA CORP 3.75 03/15/2028 | 1.8% | $290.4m | 278,210,000 | 5% | added | |
| 9 | LITE LUMENTUM HOLDINGS INC 0.5 06/15/2028 | 1.5% | $251.3m | 242,826,000 | 0% | held | |
| 10 | MAKEMYTRIP LIMITED 0 02/15/2028 | 1.5% | $238.2m | 93,255,000 | 1% | added | |
| 11 | DRAFTKINGS HOLDINGS INC 0 03/15/2028 | 1.3% | $218.9m | 243,873,000 | -5% | reduced | |
| 12 | PELOTON INTERACTIVE INC 5.5 12/01/2029 | 1.3% | $216.5m | 117,950,000 | – | new | |
| 13 | MKSI MKS INC 1.25 06/01/2030 | 1.3% | $214.7m | 217,136,000 | – | new | |
| 14 | MICROSTRATEGY INC 2.25 06/15/2032 | 1.3% | $212.6m | 98,959,000 | – | new | |
| 15 | SRPT SAREPTA THERAPEUTICS INC 1.25 09/15/2027 | 1.3% | $208.8m | 284,547,000 | 86% | added | |
| 16 | IRTC IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029 | 1.2% | $200.3m | 156,346,000 | -13% | reduced | |
| 17 | ASND ASCENDIS PHARMA A/S 2.25 04/01/2028 | 1.2% | $193.9m | 154,747,000 | -9% | reduced | |
| 18 | FIVE9 INC 1 03/15/2029 | 1.2% | $193.8m | 221,411,000 | -2% | reduced | |
| 19 | SMTC SEMTECH CORP 1.625 11/01/2027 | 1.2% | $191.7m | 133,664,000 | 5% | added | |
| 20 | CYTK CYTOKINETICS INC 3.5 07/01/2027 | 1.1% | $186.7m | 175,652,000 | 1% | added | |
| 21 | MICROSTRATEGY INC 0.875 03/15/2031 | 1.1% | $185.4m | 98,404,000 | 10% | added | |
| 22 | EXACT SCIENCES CORP 0.375 03/15/2027 | 1.1% | $178.5m | 186,841,000 | 25% | added | |
| 23 | GRANITE CONSTRUCTION INC 3.25 06/15/2030 | 1.1% | $175.6m | 128,347,000 | – | new | |
| 24 | LITE LUMENTUM HOLDINGS INC 0.5 12/15/2026 | 1.1% | $173.5m | 147,425,000 | -0% | held | |
| 25 | VSH VISHAY INTERTECHNOLOGY 2.25 09/15/2030 | 1.1% | $173.3m | 192,690,000 | 23% | added | |
| 26 | HAEMONETICS CORP 2.5 06/01/2029 | 1.0% | $163.1m | 163,707,000 | – | new | |
| 27 | CONFLUENT INC 0 01/15/2027 | 1.0% | $160.2m | 171,645,000 | -46% | reduced | |
| 28 | ITRI ITRON INC 1.375 07/15/2030 144A | 1.0% | $158.8m | 133,316,000 | – | new | |
| 29 | BE BLOOM ENERGY CORP 3 06/01/2029 144A | 0.9% | $154.1m | 108,816,000 | – | new | |
| 30 | EXACT SCIENCES CORP 0.375 03/01/2028 | 0.9% | $149.6m | 163,997,000 | 21% | added | |
| 31 | RAPID7 INC 0.25 03/15/2027 | 0.9% | $145.4m | 157,312,000 | 0% | held | |
| 32 | MARRIOTT VACATION WORLDW 3.25 12/15/2027 | 0.9% | $145.2m | 155,299,000 | -2% | reduced | |
| 33 | PROGRESS SOFTWARE CORP 3.5 03/01/2030 | 0.9% | $143.8m | 123,950,000 | 2% | added | |
| 34 | ETSY INC 0.125 09/01/2027 | 0.9% | $143.5m | 160,328,000 | -2% | reduced | |
| 35 | H WORLD GROUP LTD 3 05/01/2026 | 0.9% | $141.9m | 134,142,000 | 16% | added | |
| 36 | DOCN DIGITALOCEAN HOLDINGS 0 12/01/2026 | 0.9% | $141.4m | 151,166,000 | 1% | added | |
| 37 | BBIO BRIDGEBIO PHARMA INC 2.25 02/01/2029 | 0.9% | $138.6m | 148,048,000 | 8% | added | |
| 38 | LRN STRIDE INC 1.125 09/01/2027 | 0.8% | $135.1m | 48,554,000 | 0% | held | |
| 39 | BLOOM ENERGY CORP 3 06/01/2028 | 0.8% | $133.1m | 89,648,000 | -5% | reduced | |
| 40 | CNMD CONMED CORP 2.25 06/15/2027 | 0.8% | $132.6m | 139,675,000 | -1% | reduced | |
| 41 | PI IMPINJ INC 1.125 05/15/2027 | 0.8% | $130.1m | 104,399,000 | 9% | added | |
| 42 | ETSY ETSY INC 0.25 06/15/2028 | 0.8% | $127.7m | 148,500,000 | 3% | added | |
| 43 | CAMTEK LTD/ISRAEL 0 12/01/2026 | 0.8% | $127.5m | 82,907,000 | 0% | held | |
| 44 | IDCC INTERDIGITAL INC 3.5 06/01/2027 | 0.8% | $126.8m | 43,457,000 | 0% | held | |
| 45 | SPHR SPHERE ENTERTAINMENT CO 3.5 12/01/2028 | 0.8% | $122.8m | 87,400,000 | 30% | added | |
| 46 | COLLEGIUM PHARMA INC 2.875 02/15/2029 | 0.7% | $121.0m | 112,550,000 | 0% | held | |
| 47 | LYFT INC 0.625 03/01/2029 | 0.7% | $120.8m | 112,566,000 | -12% | reduced | |
| 48 | MARRIOTT VACATION WORLDW 0 01/15/2026 | 0.7% | $120.1m | 123,703,000 | -3% | reduced | |
| 49 | SNAP INC 0.5 05/01/2030 144A | 0.7% | $118.2m | 139,062,000 | – | new | |
| 50 | CSG SYSTEMS INTERNATIONA 3.875 09/15/2028 | 0.7% | $116.8m | 103,292,000 | -1% | reduced |
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.