Filed: 8/14/2025ACC: 0000950123-25-008124
📋 What this filing means
LINDEN ADVISORS LP filed this quarterly 13F‑HR report disclosing 376 equity positions with a total reported market value of $16.29B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
376
Positions
$16.29B
Total AUM (reported)
13.75B
Total Shares
Allocation by class
SDBCV$15.27B93.8%
COM$940.11M5.8%
RT$63.46M0.4%
ADR$12.26M0.1%
Portfolio Concentration
Top 3$1.67B10.3%
4–10$2.09B12.9%
11–25$2.92B17.9%
Rest$9.60B58.9%
Top 3 weight
10.3%
Top 10 weight
23.1%
Voting Authority Distribution
Total shares with voting rights: 13.75B
Sole
Full voting authority
13.05B
shares
% of voting shares94.9%
Shared
Joint voting authority
697.26M
shares
% of voting shares5.1%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole376
Shared0
Other0
Dominant voting typeSole · 94.9% of voting shares
Institutional Holdings376
Rows:
MICROSTRATEGY INC 0.625 03/15/2030 144A
SOLEShares274.64M
TypePRN
Market value$764.92M
4.70%
Sole
262.35M
Shared
12.29M
None
0.00
COINBASE GLOBAL INC 0.25 04/01/2030 144A
SOLEShares384.18M
TypePRN
Market value$503.02M
3.09%
Sole
361.10M
Shared
23.08M
None
0.00
TRIP COM GROUP LTD 0.75 06/15/2029 144A
SOLEShares362.63M
TypePRN
Market value$402.40M
2.47%
Sole
341.13M
Shared
21.50M
None
0.00
SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029
SOLEShares362.11M
TypePRN
Market value$378.36M
2.32%
Sole
344.47M
Shared
17.64M
None
0.00
LI AUTO INC 0.25 05/01/2028
SOLEShares271.71M
TypePRN
Market value$323.04M
1.98%
Sole
255.19M
Shared
16.51M
None
0.00
ZTO EXPRESS KY INC 1.5 09/01/2027
SOLEShares324.30M
TypePRN
Market value$322.57M
1.98%
Sole
309.81M
Shared
14.49M
None
0.00
TRANSMEDICS GROUP INC 1.5 06/01/2028
SOLEShares181.37M
TypePRN
Market value$291.08M
1.79%
Sole
173.37M
Shared
8.01M
None
0.00
LIBERTY MEDIA CORP 3.75 03/15/2028
SOLEShares278.21M
TypePRN
Market value$290.40M
1.78%
Sole
265.68M
Shared
12.53M
None
0.00
LUMENTUM HOLDINGS INC 0.5 06/15/2028
SOLEShares242.83M
TypePRN
Market value$251.30M
1.54%
Sole
231.93M
Shared
10.89M
None
0.00
MAKEMYTRIP LIMITED 0 02/15/2028
SOLEShares93.25M
TypePRN
Market value$238.16M
1.46%
Sole
88.08M
Shared
5.18M
None
0.00
DRAFTKINGS HOLDINGS INC 0 03/15/2028
SOLEShares243.87M
TypePRN
Market value$218.94M
1.34%
Sole
231.13M
Shared
12.75M
None
0.00
PELOTON INTERACTIVE INC 5.5 12/01/2029
SOLEShares117.95M
TypePRN
Market value$216.46M
1.33%
Sole
112.24M
Shared
5.71M
None
0.00
MKS INC 1.25 06/01/2030
SOLEShares217.14M
TypePRN
Market value$214.70M
1.32%
Sole
205.68M
Shared
11.46M
None
0.00
MICROSTRATEGY INC 2.25 06/15/2032
SOLEShares98.96M
TypePRN
Market value$212.57M
1.30%
Sole
94.23M
Shared
4.73M
None
0.00
SAREPTA THERAPEUTICS INC 1.25 09/15/2027
SOLEShares284.55M
TypePRN
Market value$208.79M
1.28%
Sole
270.58M
Shared
13.96M
None
0.00
IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029
SOLEShares156.35M
TypePRN
Market value$200.32M
1.23%
Sole
148.40M
Shared
7.94M
None
0.00
ASCENDIS PHARMA A/S 2.25 04/01/2028
SOLEShares154.75M
TypePRN
Market value$193.88M
1.19%
Sole
146.35M
Shared
8.40M
None
0.00
FIVE9 INC 1 03/15/2029
SOLEShares221.41M
TypePRN
Market value$193.78M
1.19%
Sole
211.50M
Shared
9.91M
None
0.00
SEMTECH CORP 1.625 11/01/2027
SOLEShares133.66M
TypePRN
Market value$191.66M
1.18%
Sole
126.06M
Shared
7.61M
None
0.00
CYTOKINETICS INC 3.5 07/01/2027
SOLEShares175.65M
TypePRN
Market value$186.67M
1.15%
Sole
167.82M
Shared
7.83M
None
0.00
MICROSTRATEGY INC 0.875 03/15/2031
SOLEShares98.40M
TypePRN
Market value$185.37M
1.14%
Sole
93.65M
Shared
4.75M
None
0.00
EXACT SCIENCES CORP 0.375 03/15/2027
SOLEShares186.84M
TypePRN
Market value$178.49M
1.10%
Sole
178.44M
Shared
8.40M
None
0.00
GRANITE CONSTRUCTION INC 3.25 06/15/2030
SOLEShares128.35M
TypePRN
Market value$175.57M
1.08%
Sole
120.93M
Shared
7.42M
None
0.00
LUMENTUM HOLDINGS INC 0.5 12/15/2026
SOLEShares147.43M
TypePRN
Market value$173.47M
1.06%
Sole
140.81M
Shared
6.61M
None
0.00
VISHAY INTERTECHNOLOGY 2.25 09/15/2030
SOLEShares192.69M
TypePRN
Market value$173.34M
1.06%
Sole
183.35M
Shared
9.34M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSTRATEGY INC 0.625 03/15/2030 144ASOLE | SDBCV | 274.64M | PRN | $764.92M 4.70% | 262.35M | 12.29M | 0.00 |
COINBASE GLOBAL INC 0.25 04/01/2030 144ASOLE | SDBCV | 384.18M | PRN | $503.02M 3.09% | 361.10M | 23.08M | 0.00 |
TRIP COM GROUP LTD 0.75 06/15/2029 144ASOLE | SDBCV | 362.63M | PRN | $402.40M 2.47% | 341.13M | 21.50M | 0.00 |
SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029SOLE | SDBCV | 362.11M | PRN | $378.36M 2.32% | 344.47M | 17.64M | 0.00 |
LI AUTO INC 0.25 05/01/2028SOLE | SDBCV | 271.71M | PRN | $323.04M 1.98% | 255.19M | 16.51M | 0.00 |
ZTO EXPRESS KY INC 1.5 09/01/2027SOLE | SDBCV | 324.30M | PRN | $322.57M 1.98% | 309.81M | 14.49M | 0.00 |
TRANSMEDICS GROUP INC 1.5 06/01/2028SOLE | SDBCV | 181.37M | PRN | $291.08M 1.79% | 173.37M | 8.01M | 0.00 |
LIBERTY MEDIA CORP 3.75 03/15/2028SOLE | SDBCV | 278.21M | PRN | $290.40M 1.78% | 265.68M | 12.53M | 0.00 |
LUMENTUM HOLDINGS INC 0.5 06/15/2028SOLE | SDBCV | 242.83M | PRN | $251.30M 1.54% | 231.93M | 10.89M | 0.00 |
MAKEMYTRIP LIMITED 0 02/15/2028SOLE | SDBCV | 93.25M | PRN | $238.16M 1.46% | 88.08M | 5.18M | 0.00 |
DRAFTKINGS HOLDINGS INC 0 03/15/2028SOLE | SDBCV | 243.87M | PRN | $218.94M 1.34% | 231.13M | 12.75M | 0.00 |
PELOTON INTERACTIVE INC 5.5 12/01/2029SOLE | SDBCV | 117.95M | PRN | $216.46M 1.33% | 112.24M | 5.71M | 0.00 |
MKS INC 1.25 06/01/2030SOLE | SDBCV | 217.14M | PRN | $214.70M 1.32% | 205.68M | 11.46M | 0.00 |
MICROSTRATEGY INC 2.25 06/15/2032SOLE | SDBCV | 98.96M | PRN | $212.57M 1.30% | 94.23M | 4.73M | 0.00 |
SAREPTA THERAPEUTICS INC 1.25 09/15/2027SOLE | SDBCV | 284.55M | PRN | $208.79M 1.28% | 270.58M | 13.96M | 0.00 |
IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029SOLE | SDBCV | 156.35M | PRN | $200.32M 1.23% | 148.40M | 7.94M | 0.00 |
ASCENDIS PHARMA A/S 2.25 04/01/2028SOLE | SDBCV | 154.75M | PRN | $193.88M 1.19% | 146.35M | 8.40M | 0.00 |
FIVE9 INC 1 03/15/2029SOLE | SDBCV | 221.41M | PRN | $193.78M 1.19% | 211.50M | 9.91M | 0.00 |
SEMTECH CORP 1.625 11/01/2027SOLE | SDBCV | 133.66M | PRN | $191.66M 1.18% | 126.06M | 7.61M | 0.00 |
CYTOKINETICS INC 3.5 07/01/2027SOLE | SDBCV | 175.65M | PRN | $186.67M 1.15% | 167.82M | 7.83M | 0.00 |
MICROSTRATEGY INC 0.875 03/15/2031SOLE | SDBCV | 98.40M | PRN | $185.37M 1.14% | 93.65M | 4.75M | 0.00 |
EXACT SCIENCES CORP 0.375 03/15/2027SOLE | SDBCV | 186.84M | PRN | $178.49M 1.10% | 178.44M | 8.40M | 0.00 |
GRANITE CONSTRUCTION INC 3.25 06/15/2030SOLE | SDBCV | 128.35M | PRN | $175.57M 1.08% | 120.93M | 7.42M | 0.00 |
LUMENTUM HOLDINGS INC 0.5 12/15/2026SOLE | SDBCV | 147.43M | PRN | $173.47M 1.06% | 140.81M | 6.61M | 0.00 |
VISHAY INTERTECHNOLOGY 2.25 09/15/2030SOLE | SDBCV | 192.69M | PRN | $173.34M 1.06% | 183.35M | 9.34M | 0.00 |
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