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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 5 of 24  ·  472 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 MARA HOLDINGS INC 0 06/01/2031 69,715,000.0 $58.4M 0.36% NEW $0.84
82 SYNAPTICS INC 0.75 12/01/2031 54,800,000.0 $57.8M 0.36% NEW $1.06
83 RAPID7 INC 1.25 03/15/2029 61,138,000.0 $55.8M 0.34% +5.0M +8.9% $0.91
84 GLOBAL PAYMENTS INC 1.5 03/01/2031 60,130,000.0 $54.0M 0.33% NEW $0.90
85 BLACKBERRY LTD 3 02/15/2029 41,471,000.0 $52.3M 0.32% $1.26
86 GREEN PLAINS INC 5.25 11/01/2030 49,508,000.0 $52.2M 0.32% NEW $1.05
87 COGENT BIOSCIENCES INC 1.625 11/15/2031 44,100,000.0 $51.7M 0.32% NEW $1.17
88 RIVIAN AUTO INC 4.625 03/15/2029 40,500,000.0 $50.9M 0.31% NEW $1.26
89 DRAFTKINGS HOLDINGS INC 0 03/15/2028 55,278,000.0 $50.6M 0.31% -130.7M -70.3% $0.92
90 IMPINJ INC 1.125 05/15/2027 28,262,000.0 $46.1M 0.28% -143K -0.5% $1.63
91 ZIFF DAVIS INC 3.625 03/01/2028 144A 45,586,000.0 $44.7M 0.28% $0.98
92 LITHIUM ARGENTINA AG 1.75 01/15/2027 48,555,000.0 $44.2M 0.27% +1.2M +2.5% $0.91
93 ETSY INC 0.125 09/01/2027 45,982,000.0 $42.7M 0.26% -20.1M -30.4% $0.93
94 CERENCE INC 1.5 07/01/2028 44,725,000.0 $40.3M 0.25% -12.5M -21.8% $0.90
95 T1 ENERGY INC 5.25 12/01/2030 30,950,000.0 $39.5M 0.24% NEW $1.28
96 NIO INC 3.875 10/15/2029 41,282,000.0 $39.0M 0.24% -250K -0.6% $0.94
97 WISDOMTREE INC 3.25 08/15/2029 144A 31,127,000.0 $37.5M 0.23% -7.3M -19.0% $1.20
98 NIO INC 4.625 10/15/2030 39,748,000.0 $36.0M 0.22% -16.5M -29.4% $0.91
99 UPWORK INC 0.25 08/15/2026 35,244,000.0 $34.4M 0.21% $0.98
100 MARA HOLDINGS INC 2.125 09/01/2031 144A 42,600,000.0 $34.3M 0.21% +27.0M +173.1% $0.81
Page 5 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%