Filed: 5/15/2025ACC: 0000950123-25-005542
📋 What this filing means
LINDEN ADVISORS LP filed this quarterly 13F‑HR report disclosing 307 equity positions with a total reported market value of $14.75B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
307
Positions
$14.75B
Total AUM (reported)
13.46B
Total Shares
Allocation by class
SDBCV$14.26B96.7%
COM$455.14M3.1%
RT$28.21M0.2%
CVPFD$3.68M0.0%
ADR$2.33M0.0%
Portfolio Concentration
Top 3$1.42B9.6%
4–10$2.01B13.6%
11–25$2.78B18.9%
Rest$8.53B57.9%
Top 3 weight
9.6%
Top 10 weight
23.2%
Voting Authority Distribution
Total shares with voting rights: 13.46B
Sole
Full voting authority
12.72B
shares
% of voting shares94.5%
Shared
Joint voting authority
737.78M
shares
% of voting shares5.5%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole307
Shared0
Other0
Dominant voting typeSole · 94.5% of voting shares
Institutional Holdings307
Rows:
MICROSTRATEGY INC 0.625 03/15/2030 144A
SOLEShares267.94M
TypePRN
Market value$545.36M
3.70%
Sole
255.72M
Shared
12.22M
None
0.00
WESTERN DIGITAL CORP 3 11/15/2028
SOLEShares380.75M
TypePRN
Market value$490.46M
3.33%
Sole
355.91M
Shared
24.84M
None
0.00
SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029
SOLEShares393.13M
TypePRN
Market value$381.15M
2.58%
Sole
373.89M
Shared
19.24M
None
0.00
COINBASE GLOBAL INC 0.25 04/01/2030 144A
SOLEShares338.94M
TypePRN
Market value$314.04M
2.13%
Sole
316.49M
Shared
22.44M
None
0.00
PG&E CORP 4.25 12/01/2027
SOLEShares286.46M
TypePRN
Market value$303.59M
2.06%
Sole
272.48M
Shared
13.98M
None
0.00
LI AUTO INC 0.25 05/01/2028
SOLEShares254.40M
TypePRN
Market value$300.14M
2.04%
Sole
236.64M
Shared
17.75M
None
0.00
CONFLUENT INC 0 01/15/2027
SOLEShares316.94M
TypePRN
Market value$292.97M
1.99%
Sole
301.51M
Shared
15.43M
None
0.00
INSMED INC 0.75 06/01/2028
SOLEShares117.38M
TypePRN
Market value$278.63M
1.89%
Sole
111.35M
Shared
6.04M
None
0.00
LIBERTY MEDIA CORP 3.75 03/15/2028
SOLEShares264.91M
TypePRN
Market value$274.55M
1.86%
Sole
251.47M
Shared
13.44M
None
0.00
UNITED STATES STEEL CORP 5 11/01/2026
SOLEShares77.46M
TypePRN
Market value$245.52M
1.66%
Sole
72.89M
Shared
4.57M
None
0.00
MAKEMYTRIP LIMITED 0 02/15/2028
SOLEShares92.76M
TypePRN
Market value$237.99M
1.61%
Sole
86.58M
Shared
6.18M
None
0.00
DRAFTKINGS HOLDINGS INC 0 03/15/2028
SOLEShares256.76M
TypePRN
Market value$224.53M
1.52%
Sole
242.26M
Shared
14.50M
None
0.00
LUMENTUM HOLDINGS INC 0.5 06/15/2028
SOLEShares242.75M
TypePRN
Market value$224.38M
1.52%
Sole
230.52M
Shared
12.23M
None
0.00
ZTO EXPRESS KY INC 1.5 09/01/2027
SOLEShares215.87M
TypePRN
Market value$217.15M
1.47%
Sole
201.26M
Shared
14.60M
None
0.00
ASCENDIS PHARMA A/S 2.25 04/01/2028
SOLEShares169.25M
TypePRN
Market value$201.09M
1.36%
Sole
159.85M
Shared
9.40M
None
0.00
CYTOKINETICS INC 3.5 07/01/2027
SOLEShares173.65M
TypePRN
Market value$198.88M
1.35%
Sole
164.86M
Shared
8.79M
None
0.00
FIVE9 INC 1 03/15/2029
SOLEShares225.69M
TypePRN
Market value$192.82M
1.31%
Sole
214.24M
Shared
11.45M
None
0.00
TRANSMEDICS GROUP INC 1.5 06/01/2028
SOLEShares175.87M
TypePRN
Market value$189.06M
1.28%
Sole
167.23M
Shared
8.65M
None
0.00
IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029
SOLEShares178.85M
TypePRN
Market value$186.59M
1.27%
Sole
169.77M
Shared
9.07M
None
0.00
LIVE NATION ENTERTAINMEN 3.125 01/15/2029
SOLEShares119.99M
TypePRN
Market value$166.90M
1.13%
Sole
112.50M
Shared
7.49M
None
0.00
SEMTECH CORP 1.625 11/01/2027
SOLEShares126.88M
TypePRN
Market value$156.67M
1.06%
Sole
119.02M
Shared
7.87M
None
0.00
LUMENTUM HOLDINGS INC 0.5 12/15/2026
SOLEShares148.12M
TypePRN
Market value$153.70M
1.04%
Sole
140.81M
Shared
7.31M
None
0.00
MARRIOTT VACATION WORLDW 3.25 12/15/2027
SOLEShares158.90M
TypePRN
Market value$147.32M
1.00%
Sole
150.87M
Shared
8.03M
None
0.00
RAPID7 INC 0.25 03/15/2027
SOLEShares157.31M
TypePRN
Market value$144.20M
0.98%
Sole
148.31M
Shared
9M
None
0.00
ETSY INC 0.125 09/01/2027
SOLEShares162.83M
TypePRN
Market value$143.69M
0.97%
Sole
154.41M
Shared
8.42M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSTRATEGY INC 0.625 03/15/2030 144ASOLE | SDBCV | 267.94M | PRN | $545.36M 3.70% | 255.72M | 12.22M | 0.00 |
WESTERN DIGITAL CORP 3 11/15/2028SOLE | SDBCV | 380.75M | PRN | $490.46M 3.33% | 355.91M | 24.84M | 0.00 |
SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029SOLE | SDBCV | 393.13M | PRN | $381.15M 2.58% | 373.89M | 19.24M | 0.00 |
COINBASE GLOBAL INC 0.25 04/01/2030 144ASOLE | SDBCV | 338.94M | PRN | $314.04M 2.13% | 316.49M | 22.44M | 0.00 |
PG&E CORP 4.25 12/01/2027SOLE | SDBCV | 286.46M | PRN | $303.59M 2.06% | 272.48M | 13.98M | 0.00 |
LI AUTO INC 0.25 05/01/2028SOLE | SDBCV | 254.40M | PRN | $300.14M 2.04% | 236.64M | 17.75M | 0.00 |
CONFLUENT INC 0 01/15/2027SOLE | SDBCV | 316.94M | PRN | $292.97M 1.99% | 301.51M | 15.43M | 0.00 |
INSMED INC 0.75 06/01/2028SOLE | SDBCV | 117.38M | PRN | $278.63M 1.89% | 111.35M | 6.04M | 0.00 |
LIBERTY MEDIA CORP 3.75 03/15/2028SOLE | SDBCV | 264.91M | PRN | $274.55M 1.86% | 251.47M | 13.44M | 0.00 |
UNITED STATES STEEL CORP 5 11/01/2026SOLE | SDBCV | 77.46M | PRN | $245.52M 1.66% | 72.89M | 4.57M | 0.00 |
MAKEMYTRIP LIMITED 0 02/15/2028SOLE | SDBCV | 92.76M | PRN | $237.99M 1.61% | 86.58M | 6.18M | 0.00 |
DRAFTKINGS HOLDINGS INC 0 03/15/2028SOLE | SDBCV | 256.76M | PRN | $224.53M 1.52% | 242.26M | 14.50M | 0.00 |
LUMENTUM HOLDINGS INC 0.5 06/15/2028SOLE | SDBCV | 242.75M | PRN | $224.38M 1.52% | 230.52M | 12.23M | 0.00 |
ZTO EXPRESS KY INC 1.5 09/01/2027SOLE | SDBCV | 215.87M | PRN | $217.15M 1.47% | 201.26M | 14.60M | 0.00 |
ASCENDIS PHARMA A/S 2.25 04/01/2028SOLE | SDBCV | 169.25M | PRN | $201.09M 1.36% | 159.85M | 9.40M | 0.00 |
CYTOKINETICS INC 3.5 07/01/2027SOLE | SDBCV | 173.65M | PRN | $198.88M 1.35% | 164.86M | 8.79M | 0.00 |
FIVE9 INC 1 03/15/2029SOLE | SDBCV | 225.69M | PRN | $192.82M 1.31% | 214.24M | 11.45M | 0.00 |
TRANSMEDICS GROUP INC 1.5 06/01/2028SOLE | SDBCV | 175.87M | PRN | $189.06M 1.28% | 167.23M | 8.65M | 0.00 |
IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029SOLE | SDBCV | 178.85M | PRN | $186.59M 1.27% | 169.77M | 9.07M | 0.00 |
LIVE NATION ENTERTAINMEN 3.125 01/15/2029SOLE | SDBCV | 119.99M | PRN | $166.90M 1.13% | 112.50M | 7.49M | 0.00 |
SEMTECH CORP 1.625 11/01/2027SOLE | SDBCV | 126.88M | PRN | $156.67M 1.06% | 119.02M | 7.87M | 0.00 |
LUMENTUM HOLDINGS INC 0.5 12/15/2026SOLE | SDBCV | 148.12M | PRN | $153.70M 1.04% | 140.81M | 7.31M | 0.00 |
MARRIOTT VACATION WORLDW 3.25 12/15/2027SOLE | SDBCV | 158.90M | PRN | $147.32M 1.00% | 150.87M | 8.03M | 0.00 |
RAPID7 INC 0.25 03/15/2027SOLE | SDBCV | 157.31M | PRN | $144.20M 0.98% | 148.31M | 9M | 0.00 |
ETSY INC 0.125 09/01/2027SOLE | SDBCV | 162.83M | PRN | $143.69M 0.97% | 154.41M | 8.42M | 0.00 |
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