LINDEN ADVISORS LP

Filed: 11/14/2025ACC: 0001193125-25-281857

📋 What this filing means

LINDEN ADVISORS LP filed this quarterly 13F‑HR report disclosing 407 equity positions with a total reported market value of $15.00B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

407

Positions

$15.00B

Total AUM (reported)

10.95B

Total Shares

Allocation by class

SDBCV$13.87B92.5%

COM$1.04B6.9%

RT$71.16M0.5%

ADR$13.46M0.1%

Portfolio Concentration

Top 3$1.43B9.5%

4–10$2.18B14.5%

11–25$3.03B20.2%

Rest$8.36B55.8%

Top 3 weight

9.5%

Top 10 weight

24.0%

Voting Authority Distribution

Total shares with voting rights: 10.95B

Sole

Full voting authority

10.45B

% of voting shares95.4%

Shared

Joint voting authority

503.84M

% of voting shares4.6%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole407

Shared0

Other0

Dominant voting typeSole · 95.4% of voting shares

Institutional Holdings407

Rows:

BLOOM ENERGY CORP 3 06/01/2028

SOLE

SDBCV

Shares120.62M

TypePRN

Market value$546.24M

3.64%

Sole

115.65M

Shared

4.97M

None

0.00

BLOOM ENERGY CORP 3 06/01/2029 144A

SOLE

SDBCV

Shares122.92M

TypePRN

Market value$508.82M

3.39%

Sole

117.19M

Shared

5.73M

None

0.00

LUMENTUM HOLDINGS INC 0.5 06/15/2028

SOLE

SDBCV

Shares265.33M

TypePRN

Market value$370.18M

2.47%

Sole

254.40M

Shared

10.93M

None

0.00

STRATEGY INC NOTE 0.625 3/1

SOLE

SDBCV

Shares158.94M

TypePRN

Market value$356.09M

2.37%

Sole

151.54M

Shared

7.40M

None

0.00

JAZZ INVESTMENTS I LTD 3.125 09/15/2030

SOLE

SDBCV

Shares288.45M

TypePRN

Market value$343.10M

2.29%

Sole

274.44M

Shared

14.01M

None

0.00

LI AUTO INC 0.25 05/01/2028

SOLE

SDBCV

Shares270.21M

TypePRN

Market value$309.10M

2.06%

Sole

255.19M

Shared

15.01M

None

0.00

ALIBABA GROUP HOLDING 0.5 06/01/2031

SOLE

SDBCV

Shares166.38M

TypePRN

Market value$305.63M

2.04%

Sole

159.53M

Shared

6.85M

None

0.00

PELOTON INTERACTIVE INC 5.5 12/01/2029

SOLE

SDBCV

Shares136.89M

TypePRN

Market value$304.58M

2.03%

Sole

131.34M

Shared

5.55M

None

0.00

LIBERTY MEDIA CORP 3.75 03/15/2028

SOLE

SDBCV

Shares279.31M

TypePRN

Market value$291.96M

1.95%

Sole

267.90M

Shared

11.41M

None

0.00

SEMTECH CORP 1.625 11/01/2027

SOLE

SDBCV

Shares138.66M

TypePRN

Market value$270.30M

1.80%

Sole

131.88M

Shared

6.78M

None

0.00

SUPER MICRO COMPUTER INC 3.5 03/01/2029

SOLE

SDBCV

Shares264.61M

TypePRN

Market value$270.27M

1.80%

Sole

252.53M

Shared

12.08M

None

0.00

MAKEMYTRIP LIMITED 0 02/15/2028

SOLE

SDBCV

Shares98.25M

TypePRN

Market value$239.32M

1.60%

Sole

93.50M

Shared

4.75M

None

0.00

EXACT SCIENCES CORP 0.375 03/15/2027

SOLE

SDBCV

Shares244.98M

TypePRN

Market value$235.64M

1.57%

Sole

234.99M

Shared

9.99M

None

0.00

EXACT SCIENCES CORP 0.375 03/01/2028

SOLE

SDBCV

Shares248.11M

TypePRN

Market value$230.14M

1.53%

Sole

237.94M

Shared

10.17M

None

0.00

MKS INC 1.25 06/01/2030

SOLE

SDBCV

Shares208.27M

TypePRN

Market value$228.74M

1.53%

Sole

198.10M

Shared

10.17M

None

0.00

LUMENTUM HOLDINGS INC 1.5 12/15/2029

SOLE

SDBCV

Shares89.34M

TypePRN

Market value$215.87M

1.44%

Sole

82.83M

Shared

6.50M

None

0.00

WESTERN DIGITAL CORP 3 11/15/2028

SOLE

SDBCV

Shares64.70M

TypePRN

Market value$207.56M

1.38%

Sole

57.73M

Shared

6.97M

None

0.00

ASCENDIS PHARMA A/S 2.25 04/01/2028

SOLE

SDBCV

Shares144.90M

TypePRN

Market value$197.95M

1.32%

Sole

137.53M

Shared

7.37M

None

0.00

VISHAY INTERTECHNOLOGY 2.25 09/15/2030

SOLE

SDBCV

Shares208.04M

TypePRN

Market value$189.30M

1.26%

Sole

199.49M

Shared

8.55M

None

0.00

GRANITE CONSTRUCTION INC 3.25 06/15/2030

SOLE

SDBCV

Shares118.98M

TypePRN

Market value$182.43M

1.22%

Sole

112.55M

Shared

6.43M

None

0.00

BRIDGEBIO PHARMA INC 2.25 02/01/2029

SOLE

SDBCV

Shares175.05M

TypePRN

Market value$173.09M

1.15%

Sole

168.01M

Shared

7.04M

None

0.00

STRATEGY INC NOTE 2.250 6/1

SOLE

SDBCV

Shares96.65M

TypePRN

Market value$172.61M

1.15%

Sole

91.65M

Shared

None

0.00

DRAFTKINGS HOLDINGS INC 0 03/15/2028

SOLE

SDBCV

Shares186.01M

TypePRN

Market value$167.17M

1.11%

Sole

176.69M

Shared

9.32M

None

0.00

OSI SYSTEMS INC 2.25 08/01/2029

SOLE

SDBCV

Shares111.05M

TypePRN

Market value$160.67M

1.07%

Sole

105.78M

Shared

5.27M

None

0.00

STRATEGY INC 0.875 03/15/2031

SOLE

SDBCV

Shares101.64M

TypePRN

Market value$160.11M

1.07%

Sole

97.50M

Shared

4.14M

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared
BLOOM ENERGY CORP 3 06/01/2028SOLE	SDBCV	120.62M	PRN	$546.24M 3.64%	115.65M	4.97M
BLOOM ENERGY CORP 3 06/01/2029 144ASOLE	SDBCV	122.92M	PRN	$508.82M 3.39%	117.19M	5.73M
LUMENTUM HOLDINGS INC 0.5 06/15/2028SOLE	SDBCV	265.33M	PRN	$370.18M 2.47%	254.40M	10.93M
STRATEGY INC NOTE 0.625 3/1SOLE	SDBCV	158.94M	PRN	$356.09M 2.37%	151.54M	7.40M
JAZZ INVESTMENTS I LTD 3.125 09/15/2030SOLE	SDBCV	288.45M	PRN	$343.10M 2.29%	274.44M	14.01M
LI AUTO INC 0.25 05/01/2028SOLE	SDBCV	270.21M	PRN	$309.10M 2.06%	255.19M	15.01M
ALIBABA GROUP HOLDING 0.5 06/01/2031SOLE	SDBCV	166.38M	PRN	$305.63M 2.04%	159.53M	6.85M
PELOTON INTERACTIVE INC 5.5 12/01/2029SOLE	SDBCV	136.89M	PRN	$304.58M 2.03%	131.34M	5.55M
LIBERTY MEDIA CORP 3.75 03/15/2028SOLE	SDBCV	279.31M	PRN	$291.96M 1.95%	267.90M	11.41M
SEMTECH CORP 1.625 11/01/2027SOLE	SDBCV	138.66M	PRN	$270.30M 1.80%	131.88M	6.78M
SUPER MICRO COMPUTER INC 3.5 03/01/2029SOLE	SDBCV	264.61M	PRN	$270.27M 1.80%	252.53M	12.08M
MAKEMYTRIP LIMITED 0 02/15/2028SOLE	SDBCV	98.25M	PRN	$239.32M 1.60%	93.50M	4.75M
EXACT SCIENCES CORP 0.375 03/15/2027SOLE	SDBCV	244.98M	PRN	$235.64M 1.57%	234.99M	9.99M
EXACT SCIENCES CORP 0.375 03/01/2028SOLE	SDBCV	248.11M	PRN	$230.14M 1.53%	237.94M	10.17M
MKS INC 1.25 06/01/2030SOLE	SDBCV	208.27M	PRN	$228.74M 1.53%	198.10M	10.17M
LUMENTUM HOLDINGS INC 1.5 12/15/2029SOLE	SDBCV	89.34M	PRN	$215.87M 1.44%	82.83M	6.50M
WESTERN DIGITAL CORP 3 11/15/2028SOLE	SDBCV	64.70M	PRN	$207.56M 1.38%	57.73M	6.97M
ASCENDIS PHARMA A/S 2.25 04/01/2028SOLE	SDBCV	144.90M	PRN	$197.95M 1.32%	137.53M	7.37M
VISHAY INTERTECHNOLOGY 2.25 09/15/2030SOLE	SDBCV	208.04M	PRN	$189.30M 1.26%	199.49M	8.55M
GRANITE CONSTRUCTION INC 3.25 06/15/2030SOLE	SDBCV	118.98M	PRN	$182.43M 1.22%	112.55M	6.43M
BRIDGEBIO PHARMA INC 2.25 02/01/2029SOLE	SDBCV	175.05M	PRN	$173.09M 1.15%	168.01M	7.04M
STRATEGY INC NOTE 2.250 6/1SOLE	SDBCV	96.65M	PRN	$172.61M 1.15%	91.65M	5M
DRAFTKINGS HOLDINGS INC 0 03/15/2028SOLE	SDBCV	186.01M	PRN	$167.17M 1.11%	176.69M	9.32M
OSI SYSTEMS INC 2.25 08/01/2029SOLE	SDBCV	111.05M	PRN	$160.67M 1.07%	105.78M	5.27M
STRATEGY INC 0.875 03/15/2031SOLE	SDBCV	101.64M	PRN	$160.11M 1.07%	97.50M	4.14M

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