Linden Advisors LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Linden Advisors LP disclosed 406 US equity positions worth $15.0bn in its Q3 2025 13F filing. The largest position was BLOOM ENERGY CORP 3 06/01/2028 at 3.6% of the reported book, followed by BE and LITE. Against the Q2 2025 filing, it opened 3 new positions, added to 22 and reduced 20 among the top 50 holdings.
What did Linden Advisors LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BLOOM ENERGY CORP 3 06/01/2028 | 3.6% | $546.2m | 120,624,000 | 35% | added | |
| 2 | BE BLOOM ENERGY CORP 3 06/01/2029 144A | 3.4% | $508.8m | 122,915,000 | 13% | added | |
| 3 | LITE LUMENTUM HOLDINGS INC 0.5 06/15/2028 | 2.5% | $370.2m | 265,326,000 | 9% | added | |
| 4 | STRATEGY INC NOTE 0.625 3/1 | 2.4% | $356.1m | 158,940,000 | -42% | reduced | |
| 5 | JAZZ INVESTMENTS I LTD 3.125 09/15/2030 | 2.3% | $343.1m | 288,450,000 | – | new | |
| 6 | LI AUTO INC 0.25 05/01/2028 | 2.1% | $309.1m | 270,207,000 | -1% | reduced | |
| 7 | ALIBABA GROUP HOLDING 0.5 06/01/2031 | 2.0% | $305.6m | 166,376,000 | 142% | added | |
| 8 | PELOTON INTERACTIVE INC 5.5 12/01/2029 | 2.0% | $304.6m | 136,893,000 | 16% | added | |
| 9 | LIBERTY MEDIA CORP 3.75 03/15/2028 | 1.9% | $292.0m | 279,310,000 | 0% | held | |
| 10 | SMTC SEMTECH CORP 1.625 11/01/2027 | 1.8% | $270.3m | 138,664,000 | 4% | added | |
| 11 | SUPER MICRO COMPUTER INC 3.5 03/01/2029 | 1.8% | $270.3m | 264,608,000 | -27% | reduced | |
| 12 | MAKEMYTRIP LIMITED 0 02/15/2028 | 1.6% | $239.3m | 98,255,000 | 5% | added | |
| 13 | EXACT SCIENCES CORP 0.375 03/15/2027 | 1.6% | $235.6m | 244,980,000 | 31% | added | |
| 14 | EXACT SCIENCES CORP 0.375 03/01/2028 | 1.5% | $230.1m | 248,106,000 | 51% | added | |
| 15 | MKSI MKS INC 1.25 06/01/2030 | 1.5% | $228.7m | 208,270,000 | -4% | reduced | |
| 16 | LITE LUMENTUM HOLDINGS INC 1.5 12/15/2029 | 1.4% | $215.9m | 89,336,000 | 38% | added | |
| 17 | WDC WESTERN DIGITAL CORP 3 11/15/2028 | 1.4% | $207.6m | 64,702,000 | 41% | added | |
| 18 | ASND ASCENDIS PHARMA A/S 2.25 04/01/2028 | 1.3% | $198.0m | 144,897,000 | -6% | reduced | |
| 19 | VSH VISHAY INTERTECHNOLOGY 2.25 09/15/2030 | 1.3% | $189.3m | 208,036,000 | 8% | added | |
| 20 | GRANITE CONSTRUCTION INC 3.25 06/15/2030 | 1.2% | $182.4m | 118,980,000 | -7% | reduced | |
| 21 | BBIO BRIDGEBIO PHARMA INC 2.25 02/01/2029 | 1.2% | $173.1m | 175,048,000 | 18% | added | |
| 22 | STRATEGY INC NOTE 2.250 6/1 | 1.2% | $172.6m | 96,649,000 | -2% | reduced | |
| 23 | DRAFTKINGS HOLDINGS INC 0 03/15/2028 | 1.1% | $167.2m | 186,013,000 | -24% | reduced | |
| 24 | OSI SYSTEMS INC 2.25 08/01/2029 | 1.1% | $160.7m | 111,046,000 | – | new | |
| 25 | STRATEGY INC 0.875 03/15/2031 | 1.1% | $160.1m | 101,639,000 | 3% | added | |
| 26 | CIFR CIPHER MINING 1.75 05/15/2030 | 1.1% | $159.4m | 54,000,000 | 15% | added | |
| 27 | TRANSMEDICS GROUP INC 1.5 06/01/2028 | 1.1% | $159.1m | 111,874,000 | -38% | reduced | |
| 28 | SUNRUN INC 4 03/01/2030 144A | 1.1% | $158.9m | 118,046,000 | 147% | added | |
| 29 | SPHR SPHERE ENTERTAINMENT CO 3.5 12/01/2028 | 1.0% | $153.8m | 81,220,000 | -7% | reduced | |
| 30 | PROGRESS SOFTWARE CORP 3.5 03/01/2030 | 1.0% | $152.1m | 151,347,000 | 22% | added | |
| 31 | MARRIOTT VACATION WORLDW 3.25 12/15/2027 | 1.0% | $151.7m | 158,431,000 | 2% | added | |
| 32 | FIVE9 INC 1 03/15/2029 | 1.0% | $150.9m | 170,286,000 | -23% | reduced | |
| 33 | HAEMONETICS CORP 2.5 06/01/2029 | 1.0% | $150.7m | 162,957,000 | -0% | held | |
| 34 | RAPID7 INC 0.25 03/15/2027 | 1.0% | $146.9m | 156,062,000 | -1% | reduced | |
| 35 | LITE LUMENTUM HOLDINGS INC 0.5 12/15/2026 | 1.0% | $143.9m | 85,425,000 | -42% | reduced | |
| 36 | AVAV AEROVIRONMENT INC 0 07/15/2030 | 0.9% | $134.1m | 108,058,000 | – | new | |
| 37 | COLLEGIUM PHARMA INC 2.875 02/15/2029 | 0.9% | $133.5m | 112,690,000 | 0% | held | |
| 38 | IONIS PHARMACEUTICALS IN 0 04/01/2026 | 0.9% | $133.5m | 108,562,000 | 68% | added | |
| 39 | SNAP INC 0.5 05/01/2030 144A | 0.9% | $133.1m | 155,118,000 | 12% | added | |
| 40 | CNMD CONMED CORP 2.25 06/15/2027 | 0.9% | $132.7m | 139,175,000 | -0% | held | |
| 41 | IRTC IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029 | 0.8% | $126.4m | 92,086,000 | -41% | reduced | |
| 42 | WK WORKIVA INC 1.25 08/15/2028 | 0.8% | $123.9m | 125,275,000 | 24% | added | |
| 43 | ETSY ETSY INC 0.25 06/15/2028 | 0.8% | $117.3m | 132,000,000 | -11% | reduced | |
| 44 | LIVANOVA PLC 2.5 03/15/2029 | 0.7% | $110.3m | 102,415,000 | -1% | reduced | |
| 45 | BBIO BRIDGEBIO PHARMA INC 2.5 03/15/2027 | 0.7% | $110.2m | 78,430,000 | -1% | reduced | |
| 46 | PD PAGERDUTY INC 1.5 10/15/2028 | 0.7% | $109.5m | 111,736,000 | -0% | held | |
| 47 | WAYFAIR INC 3.5 11/15/2028 | 0.7% | $108.1m | 52,084,000 | 24% | added | |
| 48 | PACIRA BIOSCIENCES INC 2.125 05/15/2029 | 0.7% | $107.7m | 106,220,000 | -1% | reduced | |
| 49 | VEECO INSTRUMENTS INC 2.875 06/01/2029 | 0.7% | $105.9m | 82,575,000 | -9% | reduced | |
| 50 | COINBASE GLOBAL INC 0.25 04/01/2030 144A | 0.7% | $105.9m | 84,176,000 | -78% | 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.