Filed: 2/14/2025ACC: 0000950123-25-002376
📋 What this filing means
LINDEN ADVISORS LP filed this quarterly 13F‑HR report disclosing 264 equity positions with a total reported market value of $12.06B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
264
Positions
$12.06B
Total AUM (reported)
10.72B
Total Shares
Allocation by class
SDBCV$11.72B97.2%
COM$303.19M2.5%
RT$35.99M0.3%
CVPFD$629.8K0.0%
Portfolio Concentration
Top 3$1.45B12.1%
4–10$1.72B14.3%
11–25$2.45B20.3%
Rest$6.44B53.4%
Top 3 weight
12.1%
Top 10 weight
26.3%
Voting Authority Distribution
Total shares with voting rights: 10.72B
Sole
Full voting authority
10.07B
shares
% of voting shares94.0%
Shared
Joint voting authority
644.86M
shares
% of voting shares6.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole264
Shared0
Other0
Dominant voting typeSole · 94.0% of voting shares
Institutional Holdings264
Rows:
MICROSTRATEGY INC 0 02/15/2027
SOLEShares323.11M
TypePRN
Market value$668.72M
5.54%
Sole
306.23M
Shared
16.89M
None
0.00
WESTERN DIGITAL CORP 3 11/15/2028
SOLEShares369.65M
TypePRN
Market value$490.59M
4.07%
Sole
341.25M
Shared
28.40M
None
0.00
CONFLUENT INC 0 01/15/2027
SOLEShares327.44M
TypePRN
Market value$295.08M
2.45%
Sole
309.44M
Shared
18M
None
0.00
LI AUTO INC 0.25 05/01/2028
SOLEShares236.77M
TypePRN
Market value$270.95M
2.25%
Sole
218.58M
Shared
18.19M
None
0.00
MAKEMYTRIP LIMITED 0 02/15/2028
SOLEShares89.27M
TypePRN
Market value$260.77M
2.16%
Sole
83.09M
Shared
6.18M
None
0.00
LIBERTY MEDIA CORP 3.75 03/15/2028
SOLEShares243.41M
TypePRN
Market value$251.98M
2.09%
Sole
230.02M
Shared
13.39M
None
0.00
INSMED INC 0.75 06/01/2028
SOLEShares112.52M
TypePRN
Market value$244.45M
2.03%
Sole
106.38M
Shared
6.14M
None
0.00
DRAFTKINGS HOLDINGS INC 0 03/15/2028
SOLEShares286.12M
TypePRN
Market value$244.23M
2.02%
Sole
268.26M
Shared
17.86M
None
0.00
UNITED STATES STEEL CORP 5 11/01/2026
SOLEShares87.46M
TypePRN
Market value$225.02M
1.87%
Sole
81.97M
Shared
5.49M
None
0.00
LUMENTUM HOLDINGS INC 0.5 06/15/2028
SOLEShares229.04M
TypePRN
Market value$221.71M
1.84%
Sole
216.59M
Shared
12.45M
None
0.00
ZTO EXPRESS KY INC 1.5 09/01/2027
SOLEShares223.37M
TypePRN
Market value$221.30M
1.83%
Sole
207.57M
Shared
15.79M
None
0.00
SNAP INC 0.125 03/01/2028
SOLEShares261.64M
TypePRN
Market value$214.28M
1.78%
Sole
246.54M
Shared
15.10M
None
0.00
SEMTECH CORP 1.625 11/01/2027
SOLEShares119.97M
TypePRN
Market value$212.37M
1.76%
Sole
113.40M
Shared
6.57M
None
0.00
CYTOKINETICS INC 3.5 07/01/2027
SOLEShares171.15M
TypePRN
Market value$204.79M
1.70%
Sole
161.16M
Shared
9.99M
None
0.00
ASCENDIS PHARMA A/S 2.25 04/01/2028
SOLEShares169.25M
TypePRN
Market value$186.47M
1.55%
Sole
160M
Shared
9.25M
None
0.00
TRANSMEDICS GROUP INC 1.5 06/01/2028
SOLEShares158.07M
TypePRN
Market value$163.29M
1.35%
Sole
149.42M
Shared
8.65M
None
0.00
ADVANCED ENERGY IND 2.5 09/15/2028
SOLEShares139.28M
TypePRN
Market value$151.96M
1.26%
Sole
131.71M
Shared
7.58M
None
0.00
MARRIOTT VACATION WORLDW 3.25 12/15/2027
SOLEShares159.29M
TypePRN
Market value$149.17M
1.24%
Sole
150.03M
Shared
9.26M
None
0.00
RAPID7 INC 0.25 03/15/2027
SOLEShares157.31M
TypePRN
Market value$145.97M
1.21%
Sole
148.31M
Shared
9M
None
0.00
PG&E CORP 4.25 12/01/2027
SOLEShares132M
TypePRN
Market value$143.47M
1.19%
Sole
124.77M
Shared
7.23M
None
0.00
EXACT SCIENCES CORP 0.375 03/15/2027
SOLEShares148.16M
TypePRN
Market value$137.50M
1.14%
Sole
140.06M
Shared
8.10M
None
0.00
LUMENTUM HOLDINGS INC 1.5 12/15/2029
SOLEShares96.61M
TypePRN
Market value$134.83M
1.12%
Sole
87.67M
Shared
8.93M
None
0.00
ETSY INC 0.125 09/01/2027
SOLEShares152.79M
TypePRN
Market value$131.97M
1.09%
Sole
144.45M
Shared
8.34M
None
0.00
LUMENTUM HOLDINGS INC 0.5 12/15/2026
SOLEShares115.56M
TypePRN
Market value$127.45M
1.06%
Sole
109.20M
Shared
6.36M
None
0.00
CONMED CORP 2.25 06/15/2027
SOLEShares135.78M
TypePRN
Market value$126.19M
1.05%
Sole
128.36M
Shared
7.42M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSTRATEGY INC 0 02/15/2027SOLE | SDBCV | 323.11M | PRN | $668.72M 5.54% | 306.23M | 16.89M | 0.00 |
WESTERN DIGITAL CORP 3 11/15/2028SOLE | SDBCV | 369.65M | PRN | $490.59M 4.07% | 341.25M | 28.40M | 0.00 |
CONFLUENT INC 0 01/15/2027SOLE | SDBCV | 327.44M | PRN | $295.08M 2.45% | 309.44M | 18M | 0.00 |
LI AUTO INC 0.25 05/01/2028SOLE | SDBCV | 236.77M | PRN | $270.95M 2.25% | 218.58M | 18.19M | 0.00 |
MAKEMYTRIP LIMITED 0 02/15/2028SOLE | SDBCV | 89.27M | PRN | $260.77M 2.16% | 83.09M | 6.18M | 0.00 |
LIBERTY MEDIA CORP 3.75 03/15/2028SOLE | SDBCV | 243.41M | PRN | $251.98M 2.09% | 230.02M | 13.39M | 0.00 |
INSMED INC 0.75 06/01/2028SOLE | SDBCV | 112.52M | PRN | $244.45M 2.03% | 106.38M | 6.14M | 0.00 |
DRAFTKINGS HOLDINGS INC 0 03/15/2028SOLE | SDBCV | 286.12M | PRN | $244.23M 2.02% | 268.26M | 17.86M | 0.00 |
UNITED STATES STEEL CORP 5 11/01/2026SOLE | SDBCV | 87.46M | PRN | $225.02M 1.87% | 81.97M | 5.49M | 0.00 |
LUMENTUM HOLDINGS INC 0.5 06/15/2028SOLE | SDBCV | 229.04M | PRN | $221.71M 1.84% | 216.59M | 12.45M | 0.00 |
ZTO EXPRESS KY INC 1.5 09/01/2027SOLE | SDBCV | 223.37M | PRN | $221.30M 1.83% | 207.57M | 15.79M | 0.00 |
SNAP INC 0.125 03/01/2028SOLE | SDBCV | 261.64M | PRN | $214.28M 1.78% | 246.54M | 15.10M | 0.00 |
SEMTECH CORP 1.625 11/01/2027SOLE | SDBCV | 119.97M | PRN | $212.37M 1.76% | 113.40M | 6.57M | 0.00 |
CYTOKINETICS INC 3.5 07/01/2027SOLE | SDBCV | 171.15M | PRN | $204.79M 1.70% | 161.16M | 9.99M | 0.00 |
ASCENDIS PHARMA A/S 2.25 04/01/2028SOLE | SDBCV | 169.25M | PRN | $186.47M 1.55% | 160M | 9.25M | 0.00 |
TRANSMEDICS GROUP INC 1.5 06/01/2028SOLE | SDBCV | 158.07M | PRN | $163.29M 1.35% | 149.42M | 8.65M | 0.00 |
ADVANCED ENERGY IND 2.5 09/15/2028SOLE | SDBCV | 139.28M | PRN | $151.96M 1.26% | 131.71M | 7.58M | 0.00 |
MARRIOTT VACATION WORLDW 3.25 12/15/2027SOLE | SDBCV | 159.29M | PRN | $149.17M 1.24% | 150.03M | 9.26M | 0.00 |
RAPID7 INC 0.25 03/15/2027SOLE | SDBCV | 157.31M | PRN | $145.97M 1.21% | 148.31M | 9M | 0.00 |
PG&E CORP 4.25 12/01/2027SOLE | SDBCV | 132M | PRN | $143.47M 1.19% | 124.77M | 7.23M | 0.00 |
EXACT SCIENCES CORP 0.375 03/15/2027SOLE | SDBCV | 148.16M | PRN | $137.50M 1.14% | 140.06M | 8.10M | 0.00 |
LUMENTUM HOLDINGS INC 1.5 12/15/2029SOLE | SDBCV | 96.61M | PRN | $134.83M 1.12% | 87.67M | 8.93M | 0.00 |
ETSY INC 0.125 09/01/2027SOLE | SDBCV | 152.79M | PRN | $131.97M 1.09% | 144.45M | 8.34M | 0.00 |
LUMENTUM HOLDINGS INC 0.5 12/15/2026SOLE | SDBCV | 115.56M | PRN | $127.45M 1.06% | 109.20M | 6.36M | 0.00 |
CONMED CORP 2.25 06/15/2027SOLE | SDBCV | 135.78M | PRN | $126.19M 1.05% | 128.36M | 7.42M | 0.00 |
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