LINDEN ADVISORS LP Q1 2025 Filing

Filed May 15, 2025

Portfolio Value

$14.7T

Holdings

307

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (307 positions)

#StockSharesValue% PortfolioType
1
MSTRMICROSTRATEGY INC 0.625 03/15/2030 144A
267,940,000$545.4B3.70%
2
WDC 3 11/15/28WESTERN DIGITAL CORP 3 11/15/2028
380,752,000$490.5B3.33%
3
SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029
393,133,000$381.1B2.58%
4
COIN 0.25 04/01/30COINBASE GLOBAL INC 0.25 04/01/2030 144A
338,936,000$314.0B2.13%
5
PCG 4.25 12/01/27PG&E CORP 4.25 12/01/2027
286,461,000$303.6B2.06%
6
LI 0.25 05/01/28LI AUTO INC 0.25 05/01/2028
254,395,000$300.1B2.04%
7
CFLT 0 01/15/27CONFLUENT INC 0 01/15/2027
316,945,000$293.0B1.99%
8
INSM 0.75 06/01/28INSMED INC 0.75 06/01/2028
117,383,000$278.6B1.89%
9
SIRI 3.75 03/15/28LIBERTY MEDIA CORP 3.75 03/15/2028
264,910,000$274.6B1.86%
10
X 5 11/01/26UNITED STATES STEEL CORP 5 11/01/2026
77,461,000$245.5B1.66%
11
MMYT 0 02/15/28MAKEMYTRIP LIMITED 0 02/15/2028
92,761,000$238.0B1.61%
12
DKNG 0 03/15/28DRAFTKINGS HOLDINGS INC 0 03/15/2028
256,762,000$224.5B1.52%
13
LITE 0.5 06/15/28LUMENTUM HOLDINGS INC 0.5 06/15/2028
242,752,000$224.4B1.52%
14
ZTO 1.5 09/01/27ZTO EXPRESS KY INC 1.5 09/01/2027
215,865,000$217.2B1.47%
15
ASND 2.25 04/01/28ASCENDIS PHARMA A/S 2.25 04/01/2028
169,247,000$201.1B1.36%
16
CYTK 3.5 07/01/27CYTOKINETICS INC 3.5 07/01/2027
173,652,000$198.9B1.35%
17
FIVN 1 03/15/29FIVE9 INC 1 03/15/2029
225,686,000$192.8B1.31%
18
TMDX 1.5 06/01/28TRANSMEDICS GROUP INC 1.5 06/01/2028
175,874,000$189.1B1.28%
19
IRTC 1.5 09/01/29IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029
178,846,000$186.6B1.27%
20
LYV 3.125 01/15/29LIVE NATION ENTERTAINMEN 3.125 01/15/2029
119,993,000$166.9B1.13%
21
SMTC 1.625 11/01/27SEMTECH CORP 1.625 11/01/2027
126,884,000$156.7B1.06%
22
LITE 0.5 12/15/26LUMENTUM HOLDINGS INC 0.5 12/15/2026
148,122,000$153.7B1.04%
23
VAC 3.25 12/15/27MARRIOTT VACATION WORLDW 3.25 12/15/2027
158,899,000$147.3B1.00%
24
RPD 0.25 03/15/27RAPID7 INC 0.25 03/15/2027
157,312,000$144.2B0.98%
25
ETSY 0.125 09/01/27ETSY INC 0.125 09/01/2027
162,828,000$143.7B0.97%
26
SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC 1.25 09/15/2027
153,106,000$142.5B0.97%
27
DOCN 0 12/01/26DIGITALOCEAN HOLDINGS 0 12/01/2026
149,397,000$139.3B0.94%
28
VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY 2.25 09/15/2030
156,660,000$138.9B0.94%
29
EXAS 0.375 03/15/27EXACT SCIENCES CORP 0.375 03/15/2027
149,662,000$138.1B0.94%
30
TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC 1.5 03/15/2029 144A
145,356,000$137.3B0.93%
31
CNMD 2.25 06/15/27CONMED CORP 2.25 06/15/2027
140,775,000$132.7B0.90%
32
HTHT 3 05/01/26H WORLD GROUP LTD 3 05/01/2026
115,151,000$128.9B0.87%
33
PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP 3.5 03/01/2030
122,000,000$128.3B0.87%
34
MSTR 0.875 03/15/31MICROSTRATEGY INC 0.875 03/15/2031
89,780,000$127.0B0.86%
35
LYFT 0.625 03/01/29LYFT INC 0.625 03/01/2029
128,112,000$124.3B0.84%
36
BE 3 06/01/28BLOOM ENERGY CORP 3 06/01/2028
94,148,000$123.4B0.84%
37
BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC 2.25 02/01/2029
136,798,000$123.2B0.84%
38
ETSY 0.25 06/15/28ETSY INC 0.25 06/15/2028
144,500,000$122.9B0.83%
39
VAC 0 01/15/26MARRIOTT VACATION WORLDW 0 01/15/2026
127,203,000$122.0B0.83%
40
COLL 2.875 02/15/29COLLEGIUM PHARMA INC 2.875 02/15/2029
112,550,000$121.4B0.82%
41
CNP 4.25 08/15/26CENTERPOINT ENERGY INC 4.25 08/15/2026
111,432,000$120.9B0.82%
42
EXAS 0.375 03/01/28EXACT SCIENCES CORP 0.375 03/01/2028
135,425,000$119.2B0.81%
43
LRN 1.125 09/01/27STRIDE INC 1.125 09/01/2027
48,554,000$118.4B0.80%
44
IDCC 3.5 06/01/27INTERDIGITAL INC 3.5 06/01/2027
43,457,000$116.8B0.79%
45
LITE 1.5 12/15/29LUMENTUM HOLDINGS INC 1.5 12/15/2029
96,036,000$113.2B0.77%
46
CSGS 3.875 09/15/28CSG SYSTEMS INTERNATIONA 3.875 09/15/2028
104,292,000$112.8B0.77%
47
PSN 2.625 03/01/29PARSONS CORP 2.625 03/01/2029
109,945,000$110.0B0.75%
48
PI 1.125 05/15/27IMPINJ INC 1.125 05/15/2027
96,220,000$109.3B0.74%
49
PD 1.5 10/15/28 *PAGERDUTY Inc 1.5 10/15/2028
106,786,000$106.1B0.72%
50
EVRG 4.5 12/15/27EVERGY INC 4.5 12/15/2027
90,027,000$105.9B0.72%
51
ENPH 0 03/01/28ENPHASE ENERGY INC 0 03/01/2028
122,832,000$104.4B0.71%
52
EVH 3.5 12/01/29EVOLENT HEALTH INC 3.5 12/01/2029
126,100,000$102.6B0.70%
53
ENOV 3.875 10/15/28ENOVIS CORP 3.875 10/15/2028
97,978,000$100.5B0.68%
54
CAMT 0 12/01/26CAMTEK LTD/ISRAEL 0 12/01/2026
82,907,000$100.4B0.68%
55
TDOC 1.25 06/01/27TELADOC HEALTH INC 1.25 06/01/2027
108,153,000$99.2B0.67%
56
VECO 2.875 06/01/29VEECO INSTRUMENTS INC 2.875 06/01/2029
93,575,000$98.5B0.67%
57
CSIQ 2.5 10/01/25CANADIAN SOLAR INC 2.5 10/01/2025
101,231,000$97.6B0.66%
58
FVRR 0 11/01/25FIVERR INTERNATIONAL LTD 0 11/01/2025
99,401,000$96.4B0.65%
59
TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC 2.25 03/01/2029
94,068,000$93.8B0.64%
60
PEB 1.75 12/15/26PEBBLEBROOK HOTEL TRUST 1.75 12/15/2026
97,327,000$91.3B0.62%
61
WK 1.25 08/15/28WORKIVA INC 1.25 08/15/2028
96,025,000$89.5B0.61%
62
CABO 0 03/15/26CABLE ONE INC 0 03/15/2026
93,991,000$89.2B0.60%
63
HALO 0.25 03/01/27HALOZYME THERAPEUTICS IN 0.25 03/01/2027
83,430,000$88.5B0.60%
64
CALY 2.75 05/01/26TOPGOLF CALL BRAN CORP 2.75 05/01/2026
89,203,000$87.0B0.59%
65
JAMF 0.125 09/01/26JAMF HOLDING CORP 0.125 09/01/2026
91,540,000$86.0B0.58%
66
LIVN 2.5 03/15/29LIVANOVA PLC 2.5 03/15/2029
90,045,000$86.0B0.58%
67
GH 1.25 02/15/31GUARDANT HEALTH INC 1.25 02/15/2031
82,070,000$84.8B0.57%
68
AMPH 2 03/15/29AMPHASTAR PHARMACEUTICAL 2 03/15/2029
92,674,000$82.5B0.56%
69
RUN 4 03/01/30SUNRUN INC 4 03/01/2030 144A
115,415,000$82.3B0.56%
70
LNTH 2.625 12/15/27LANTHEUS HOLDINGS INC 2.625 12/15/2027
57,940,000$82.0B0.56%
71
ENPH 0 03/01/26ENPHASE ENERGY INC 0 03/01/2026
85,644,000$81.5B0.55%
72
SPHR 3.5 12/01/28SPHERE ENTERTAINMENT CO 3.5 12/01/2028
67,000,000$80.8B0.55%
73
WGO 3.25 01/15/30WINNEBAGO INDUSTRIES 3.25 01/15/2030
88,461,000$77.6B0.53%
74
NVST 1.75 08/15/28ENVISTA HOLDINGS CORP 1.75 08/15/2028
85,302,000$77.2B0.52%
75
BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC 2.5 03/15/2027
66,930,000$76.5B0.52%
76
GVA 3.75 05/15/28GRANITE CONSTRUCTION INC 3.75 05/15/2028
44,431,000$76.4B0.52%
77
DXCM 0.375 05/15/28DEXCOM INC 0.375 05/15/2028
83,750,000$74.8B0.51%
78
WB 1.375 12/01/30WEIBO CORP 1.375 12/01/2030
66,926,000$73.4B0.50%
79
AEIS 2.5 09/15/28ADVANCED ENERGY IND 2.5 09/15/2028
71,283,000$73.3B0.50%
80
DBX 0 03/01/26DROPBOX INC 0 03/01/2026
74,006,000$73.0B0.50%
81
JBTM 0.25 05/15/26JBT MAREL CORP 0.25 05/15/2026
69,871,000$70.0B0.47%
82
RGEN 1 12/15/28REPLIGEN CORP 1 12/15/2028
70,141,000$68.7B0.47%
83
INVA 2.125 03/15/28INNOVIVA INC 2.125 03/15/2028
67,896,000$65.6B0.44%
84
EB 0.75 09/15/26EVENTBRITE INC 0.75 09/15/2026
71,331,000$65.1B0.44%
85
INN 1.5 02/15/26SUMMIT HOTEL PROPERTIES 1.5 02/15/2026
67,287,000$64.4B0.44%
86
IONS 0 04/01/26IONIS PHARMACEUTICALS IN 0 04/01/2026
64,522,000$63.8B0.43%
87
HCAT 2.5 04/15/25HEALTH CATALYST INC 2.5 04/15/2025
63,360,000$63.0B0.43%
88
PTCT 1.5 09/15/26PTC THERAPEUTICS INC 1.5 09/15/2026
52,479,000$62.3B0.42%
89
VRNT 0.25 04/15/26VERINT SYSTEMS INC 0.25 04/15/2026
64,991,000$61.9B0.42%
90
GH 0 11/15/27GUARDANT HEALTH INC 0 11/15/2027
67,440,000$59.5B0.40%
91
QTWO 0.75 06/01/26Q2 HOLDINGS INC 0.75 06/01/2026
53,817,000$59.0B0.40%
92
DAY 0.25 03/15/26DAYFORCE INC 0.25 03/15/2026
61,626,000$59.0B0.40%
93
UPST 0.25 08/15/26UPSTART HOLDINGS INC 0.25 08/15/2026
63,063,000$58.9B0.40%
94
ECPG 4 03/15/29ENCORE CAPITAL GROUP INC 4 03/15/2029
62,490,000$56.9B0.39%
95
COIN 0.5 06/01/26COINBASE GLOBAL INC 0.5 06/01/2026
55,696,000$54.6B0.37%
96
DVAX 2 03/15/30DYNAVAX TECHNOLOGIES 2 03/15/2030 144A
54,648,000$54.0B0.37%
97
PRO 2.25 09/15/27PROS HOLDINGS INC 2.25 09/15/2027
54,834,000$51.1B0.35%
98
BBCN 3 02/15/29BLACKBERRY LTD 3 02/15/2029
38,971,000$48.9B0.33%
99
NVCR 0 11/01/25NOVOCURE LTD 0 11/01/2025
49,961,000$48.3B0.33%
100
RPD 1.25 03/15/29RAPID7 INC 1.25 03/15/2029
55,638,000$48.0B0.33%
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