Filed: 2/17/2026ACC: 0001193125-26-053352
📋 What this filing means
LINDEN ADVISORS LP filed this quarterly 13F‑HR report disclosing 472 equity positions with a total reported market value of $16.24B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
472
Positions
$16.24B
Total AUM (reported)
11.41B
Total Shares
Allocation by class
SDBCV$14.87B91.5%
COM$1.32B8.1%
RT$56.17M0.3%
Portfolio Concentration
Top 3$1.95B12.0%
4–10$2.07B12.8%
11–25$3.31B20.4%
Rest$8.91B54.9%
Top 3 weight
12.0%
Top 10 weight
24.8%
Voting Authority Distribution
Total shares with voting rights: 11.41B
Sole
Full voting authority
10.90B
shares
% of voting shares95.6%
Shared
Joint voting authority
503.55M
shares
% of voting shares4.4%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole472
Shared0
Other0
Dominant voting typeSole · 95.6% of voting shares
Institutional Holdings472
Rows:
LUMENTUM HOLDINGS INC 0.5 06/15/2028
SOLEShares284.22M
TypePRN
Market value$807.13M
4.97%
Sole
272.62M
Shared
11.60M
None
0.00
CENTRUS ENERGY CORP 2.25 11/01/2030
SOLEShares239.90M
TypePRN
Market value$644.02M
3.96%
Sole
229.18M
Shared
10.72M
None
0.00
LUMENTUM HOLDINGS INC 1.5 12/15/2029
SOLEShares93.34M
TypePRN
Market value$495.98M
3.05%
Sole
86.82M
Shared
6.52M
None
0.00
APPLIED DIGITAL CORP 2.75 06/01/2030
SOLEShares130.44M
TypePRN
Market value$350.86M
2.16%
Sole
124.68M
Shared
5.75M
None
0.00
LUMENTUM HOLDINGS INC 0.5 12/15/2026
SOLEShares89.73M
TypePRN
Market value$333.01M
2.05%
Sole
86.07M
Shared
3.66M
None
0.00
BILL HOLDINGS INC 0 04/01/2030 144A
SOLEShares314.21M
TypePRN
Market value$289.47M
1.78%
Sole
301.82M
Shared
12.39M
None
0.00
AFFIRM HOLDINGS INC 0.75 12/15/2029
SOLEShares255.71M
TypePRN
Market value$283.42M
1.74%
Sole
244.07M
Shared
11.63M
None
0.00
STRATEGY INC NOTE 0.625 3/1
SOLEShares222.44M
TypePRN
Market value$281.17M
1.73%
Sole
212.75M
Shared
9.69M
None
0.00
MKS INC 1.25 06/01/2030
SOLEShares213.12M
TypePRN
Market value$272.52M
1.68%
Sole
203.09M
Shared
10.03M
None
0.00
LI AUTO INC 0.25 05/01/2028
SOLEShares261.71M
TypePRN
Market value$263.57M
1.62%
Sole
247.67M
Shared
14.04M
None
0.00
LIBERTY MEDIA CORP 3.75 03/15/2028
SOLEShares249.42M
TypePRN
Market value$251.07M
1.55%
Sole
239.46M
Shared
9.96M
None
0.00
EXACT SCIENCES CORP 0.375 03/01/2028
SOLEShares238.11M
TypePRN
Market value$244.86M
1.51%
Sole
228.76M
Shared
9.35M
None
0.00
BRIDGEBIO PHARMA INC 2.25 02/01/2029
SOLEShares214.05M
TypePRN
Market value$241.05M
1.48%
Sole
205.46M
Shared
8.59M
None
0.00
UPSTART HOLDINGS INC 2 10/01/2029 144A
SOLEShares187.15M
TypePRN
Market value$236.80M
1.46%
Sole
178.97M
Shared
8.17M
None
0.00
JAZZ INVESTMENTS I LTD 3.125 09/15/2030
SOLEShares175.45M
TypePRN
Market value$234.00M
1.44%
Sole
166.42M
Shared
9.03M
None
0.00
PELOTON INTERACTIVE INC 5.5 12/01/2029
SOLEShares137.64M
TypePRN
Market value$229.10M
1.41%
Sole
132.03M
Shared
5.61M
None
0.00
SPHERE ENTERTAINMENT CO 3.5 12/01/2028
SOLEShares82.29M
TypePRN
Market value$226.54M
1.39%
Sole
78.99M
Shared
3.30M
None
0.00
SUNRUN INC 4 03/01/2030 144A
SOLEShares154.26M
TypePRN
Market value$218.62M
1.35%
Sole
148.13M
Shared
6.13M
None
0.00
CLEANSPARK INC 0 06/15/2030 144A
SOLEShares209.50M
TypePRN
Market value$217.22M
1.34%
Sole
201.15M
Shared
8.34M
None
0.00
ALIBABA GROUP HOLDING 0.5 06/01/2031
SOLEShares139.38M
TypePRN
Market value$216.89M
1.34%
Sole
133.87M
Shared
5.51M
None
0.00
SOLARIS ENERGY INFRASTRU 0.25 10/01/2031
SOLEShares188.60M
TypePRN
Market value$204.33M
1.26%
Sole
181.13M
Shared
7.47M
None
0.00
HAEMONETICS CORP 2.5 06/01/2029
SOLEShares195.90M
TypePRN
Market value$203.59M
1.25%
Sole
186.90M
Shared
9.01M
None
0.00
CELCUITY INC 2.75 08/01/2031
SOLEShares93.37M
TypePRN
Market value$202.50M
1.25%
Sole
89.68M
Shared
3.70M
None
0.00
ASCENDIS PHARMA A/S 2.25 04/01/2028
SOLEShares137.40M
TypePRN
Market value$195.07M
1.20%
Sole
130.65M
Shared
6.75M
None
0.00
COLLEGIUM PHARMA INC 2.875 02/15/2029
SOLEShares134.69M
TypePRN
Market value$190.45M
1.17%
Sole
129.31M
Shared
5.38M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
LUMENTUM HOLDINGS INC 0.5 06/15/2028SOLE | SDBCV | 284.22M | PRN | $807.13M 4.97% | 272.62M | 11.60M | 0.00 |
CENTRUS ENERGY CORP 2.25 11/01/2030SOLE | SDBCV | 239.90M | PRN | $644.02M 3.96% | 229.18M | 10.72M | 0.00 |
LUMENTUM HOLDINGS INC 1.5 12/15/2029SOLE | SDBCV | 93.34M | PRN | $495.98M 3.05% | 86.82M | 6.52M | 0.00 |
APPLIED DIGITAL CORP 2.75 06/01/2030SOLE | SDBCV | 130.44M | PRN | $350.86M 2.16% | 124.68M | 5.75M | 0.00 |
LUMENTUM HOLDINGS INC 0.5 12/15/2026SOLE | SDBCV | 89.73M | PRN | $333.01M 2.05% | 86.07M | 3.66M | 0.00 |
BILL HOLDINGS INC 0 04/01/2030 144ASOLE | SDBCV | 314.21M | PRN | $289.47M 1.78% | 301.82M | 12.39M | 0.00 |
AFFIRM HOLDINGS INC 0.75 12/15/2029SOLE | SDBCV | 255.71M | PRN | $283.42M 1.74% | 244.07M | 11.63M | 0.00 |
STRATEGY INC NOTE 0.625 3/1SOLE | SDBCV | 222.44M | PRN | $281.17M 1.73% | 212.75M | 9.69M | 0.00 |
MKS INC 1.25 06/01/2030SOLE | SDBCV | 213.12M | PRN | $272.52M 1.68% | 203.09M | 10.03M | 0.00 |
LI AUTO INC 0.25 05/01/2028SOLE | SDBCV | 261.71M | PRN | $263.57M 1.62% | 247.67M | 14.04M | 0.00 |
LIBERTY MEDIA CORP 3.75 03/15/2028SOLE | SDBCV | 249.42M | PRN | $251.07M 1.55% | 239.46M | 9.96M | 0.00 |
EXACT SCIENCES CORP 0.375 03/01/2028SOLE | SDBCV | 238.11M | PRN | $244.86M 1.51% | 228.76M | 9.35M | 0.00 |
BRIDGEBIO PHARMA INC 2.25 02/01/2029SOLE | SDBCV | 214.05M | PRN | $241.05M 1.48% | 205.46M | 8.59M | 0.00 |
UPSTART HOLDINGS INC 2 10/01/2029 144ASOLE | SDBCV | 187.15M | PRN | $236.80M 1.46% | 178.97M | 8.17M | 0.00 |
JAZZ INVESTMENTS I LTD 3.125 09/15/2030SOLE | SDBCV | 175.45M | PRN | $234.00M 1.44% | 166.42M | 9.03M | 0.00 |
PELOTON INTERACTIVE INC 5.5 12/01/2029SOLE | SDBCV | 137.64M | PRN | $229.10M 1.41% | 132.03M | 5.61M | 0.00 |
SPHERE ENTERTAINMENT CO 3.5 12/01/2028SOLE | SDBCV | 82.29M | PRN | $226.54M 1.39% | 78.99M | 3.30M | 0.00 |
SUNRUN INC 4 03/01/2030 144ASOLE | SDBCV | 154.26M | PRN | $218.62M 1.35% | 148.13M | 6.13M | 0.00 |
CLEANSPARK INC 0 06/15/2030 144ASOLE | SDBCV | 209.50M | PRN | $217.22M 1.34% | 201.15M | 8.34M | 0.00 |
ALIBABA GROUP HOLDING 0.5 06/01/2031SOLE | SDBCV | 139.38M | PRN | $216.89M 1.34% | 133.87M | 5.51M | 0.00 |
SOLARIS ENERGY INFRASTRU 0.25 10/01/2031SOLE | SDBCV | 188.60M | PRN | $204.33M 1.26% | 181.13M | 7.47M | 0.00 |
HAEMONETICS CORP 2.5 06/01/2029SOLE | SDBCV | 195.90M | PRN | $203.59M 1.25% | 186.90M | 9.01M | 0.00 |
CELCUITY INC 2.75 08/01/2031SOLE | SDBCV | 93.37M | PRN | $202.50M 1.25% | 89.68M | 3.70M | 0.00 |
ASCENDIS PHARMA A/S 2.25 04/01/2028SOLE | SDBCV | 137.40M | PRN | $195.07M 1.20% | 130.65M | 6.75M | 0.00 |
COLLEGIUM PHARMA INC 2.875 02/15/2029SOLE | SDBCV | 134.69M | PRN | $190.45M 1.17% | 129.31M | 5.38M | 0.00 |
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