LINDEN ADVISORS LP Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$15.0B

Holdings

407

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (407 positions)

#StockSharesValue% PortfolioType
101
PENG 2 08/15/30PENGUIN SOLUTIONS INC 2 08/15/2030
26,900,000$32.1B213.99%
102
FTWEQV VENTURES ACQUISITION C A
3,009,198$31.2B208.25%
103
VERX 0.75 05/01/29VERTEX INC 0.75 05/01/2029 144A
28,700,000$29.2B194.73%
104
NVMINOVA LTD
90,980$29.1B193.90%
105
APLS 3.5 09/15/26APELLIS PHARMACEUTICALS 3.5 09/15/2026
28,138,000$28.9B192.95%
106
KOS 3.125 03/15/30KOSMOS ENERGY LTD 3.125 03/15/2030
43,344,000$27.6B184.34%
107
IONS 1.75 06/15/28IONIS PHARMACEUTICALS IN 1.75 06/15/2028
19,930,000$27.6B183.73%
108
SMTC 4 11/01/28SEMTECH CORP 4 11/01/2028
7,450,000$26.4B176.29%
109
PTCT 1.5 09/15/26PTC THERAPEUTICS INC 1.5 09/15/2026
19,979,000$25.7B171.46%
110
GPRE 2.25 03/15/27GREEN PLAINS INC 2.25 03/15/2027
26,804,000$25.7B171.20%
111
ARRY 1 12/01/28ARRAY TECHNOLOGIES INC 1 12/01/2028
28,170,000$24.5B163.03%
112
AAOI 2.75 01/15/30APPLIED OPTOELECTRONICS 2.75 01/15/2030
24,250,000$24.3B162.21%
113
PAR 1.5 10/15/27PAR TECHNOLOGY CORP 1.5 10/15/2027
23,220,000$22.4B149.58%
114
SBXDSILVERBOX CORP IV A
2,000,000$20.9B139.61%
115
MARA 2.125 09/01/31MARA HOLDINGS INC 2.125 09/01/2031 144A
15,600,000$18.9B126.01%
116
IPCXINFLECTION POINT ACQUISITI A
1,865,000$18.8B125.46%
117
BXPBXP INC
251,871$18.7B124.83%
118
EB 0.75 09/15/26EVENTBRITE INC 0.75 09/15/2026
19,273,000$18.3B122.04%
119
HALO 1 08/15/28HALOZYME THERAPEUTICS IN 1 08/15/2028
12,993,000$18.3B122.04%
120
TVAITHAYER VENTURES ACQUIS CL A
1,750,000$17.6B117.08%
121
OIS 4.75 04/01/26OIL STATES INTL INC 4.75 04/01/2026
17,296,000$17.3B115.22%
122
GRAFGRAF GLOBAL CORP CL A
1,500,000$15.8B105.41%
123
JENAJENA ACQUISITION CORP II A
1,550,000$15.7B104.89%
124
PMTRPERIMETER ACQUIS CORP I CL A
1,500,000$15.4B102.51%
125
TLNCUTALON CAPITAL CORP
1,500,000$15.0B100.31%
126
EGHAEGH ACQUISITION CO A
1,500,000$15.0B100.11%
127
XMTR 1 02/01/27XOMETRY INC 1 02/01/2027
12,486,000$15.0B100.00%
128
MKLYMCKINLEY ACQUISITION CORP
1,445,000$14.4B96.24%
129
CCIICOHEN CIRCLE ACQUISIT II A
1,394,511$14.2B94.37%
130
KCHVKOCHAV DEFENSE ACQUISITION A
1,400,000$14.0B93.62%
131
RGEN 1 12/15/28REPLIGEN CORP 1 12/15/2028
13,655,000$13.8B91.80%
132
LPBBLAUNCH TWO ACQUISITION CL A
1,296,800$13.5B90.31%
133
RDAGREPUBLIC DIGITAL ACQUIS CL A
1,325,023$13.5B90.20%
134
VRNS 1 09/15/29VARONIS SYSTEM INC 1 09/15/2029 144A
12,419,000$13.4B89.54%
135
TACOBERTO ACQUISITION CORP
1,250,000$13.0B86.75%
136
KFIIK&F GROWTH ACQUISITION COR A
1,250,000$12.8B85.17%
137
GSRFGSR IV ACQUISITION CORP
1,250,000$12.7B84.46%
138
OTGAOTG ACQUISITION CORP I
1,250,000$12.6B83.92%
139
GTENGORES HOLDINGS X INC CL A
1,225,000$12.5B83.47%
140
HENNESSY CAPITAL INVESTMENT
1,213,732$12.4B82.94%
141
NPACNEW PROVIDENCE ACQUISITION A
1,200,000$12.2B81.36%
142
JBTJBT MAREL CORP
86,500$12.1B81.00%
143
TACHTITAN ACQUISITION CORP CL A
1,200,000$12.1B80.96%
144
CCIXCHURCHILL CAPITAL CORP IX
1,150,000$12.1B80.35%
145
BEAGBOLD EAGLE ACQUISITION COR A
1,150,000$12.0B79.74%
146
JACSJACKSON ACQUISITION CO CL A
1,150,000$11.9B79.58%
147
APADA PARADISE ACQUISITION A
1,200,000$11.9B79.20%
148
OYSEOYSTER ENTERPRISES II ACQ A
1,150,000$11.5B76.98%
149
PAIIPYROPHYTE ACQUISITION CORP A
1,150,000$11.5B76.36%
150
BDCIBTC DEVELOPMENT CORP
1,125,000$11.4B75.75%
151
RACRITHM ACQUISITION CORP A
1,100,000$11.3B75.17%
152
LOBLIVE OAK ACQUISITION CORP A
1,100,000$11.2B74.66%
153
MBVIM3 BRIGADE ACQUISITION VI CO
1,100,000$11.1B74.22%
154
CCCXCHURCHILL CAPITAL CORP X A
850,000$10.9B72.88%
155
TVATEXAS VENTURES ACQUISITION A
1,000,000$10.7B71.40%
156
ALFCENTURION ACQUISITION CORP
1,000,000$10.6B70.34%
157
SPRING VALLEY ACQUISITION CO
1,000,000$10.4B69.34%
158
ATIIARCHIMEDES TECH SPAC PARTNER
1,000,000$10.2B68.24%
159
HYACHAYMAKER ACQUISITION CORP 4
900,000$10.2B68.04%
160
FTWEQV VENTURES ACQUISITION II C A
1,025,000$10.2B68.00%
161
CEPFCANTOR EQUITY PARTNERS IV CL A
1,000,000$10.2B67.94%
162
AACBARTIUS II ACQUISITION INC A
1,000,000$10.1B67.54%
163
CMIIUCOLUMBUS CIRCLE CAPITAL CO A
1,000,000$10.1B67.47%
164
HCMAHCM III ACQUISITION CORP ORD SHS CL A
1,000,000$10.1B67.34%
165
PACHPIONEER ACQUISITION I CL A
1,000,000$9.9B66.27%
166
ALDFALDEL FINANCIAL II INC
950,000$9.9B66.19%
167
PCAPPROCAP ACQUISITION CORP A
950,000$9.8B65.05%
168
CLVTRIP.COM GROUP LTD ADR
128,200$9.6B64.27%
169
VCICVINE HILL CAPITAL CLASS A
888,000$9.5B63.41%
170
LWACLIGHTWAVE ACQUISITION CORP A
950,000$9.5B63.15%
171
NEWBURY STREET II AC CLASS A
900,000$9.3B62.13%
172
AEXAAMERICAN EXCEPTIONALISM CL A
850,000$9.3B61.94%
173
PRO 2.25 09/15/27PROS HOLDINGS INC 2.25 09/15/2027
9,204,000$9.1B60.92%
174
WENNWEN ACQUISITION CORP A
900,000$9.1B60.78%
175
MLACMOUNTAIN LAKE ACQUISITION A
875,000$9.0B60.23%
176
BLUWBLUE WATER ACQUISITION C A
900,000$9.0B59.82%
177
ETHMDYNAMIX CORP
819,611$8.5B56.88%
178
SPEGSILVER PEGASUS ACQUISITION A
850,000$8.5B56.50%
179
GPATGP ACT III ACQUISITION A
797,584$8.5B56.37%
180
XRPNARMADA ACQUISITION CLASS A
800,000$8.4B55.68%
181
GLAD 5.875 10/01/30GLADSTONE CAPITAL CORP 5.875 10/01/2030
8,500,000$8.4B55.68%
182
BACQMAYWOOD ACQUISITION COR CL A
800,000$8.2B54.83%
183
SDHISIDDHI ACQUISITION CORP A
800,000$8.1B54.16%
184
BACQBLEICHROEDER ACQUISITION COR
750,000$7.8B51.95%
185
NOTV 3.25 10/15/27INOTIV INC 3.25 10/15/2027
31,725,000$7.7B51.06%
186
GTERAGLOBA TERRA ACQUISITION CO A
760,850$7.6B50.62%
187
HVMCHIGHVIEW MERGER CORP
750,000$7.6B50.60%
188
CGCTCARTESIAN GROWTH CORP I CL A
750,000$7.5B50.23%
189
EMISEMMIS ACQUISITION CORP
750,000$7.5B49.90%
190
LATAGALATA ACQUISITION CORP II
750,000$7.5B49.90%
191
BACCBLUE ACQUISITION CORP CL A
725,000$7.2B48.31%
192
PLMKPLUM ACQUISITION CORP IV
700,000$7.2B48.16%
193
SVCCUSTELLAR V CAPITAL CORP CL A
700,000$7.2B48.07%
194
CRAQCAL REDWOOD ACQUISIT CL A
700,000$7.0B46.67%
195
NHICNEWHOLD INVESTMENT CORP II A
675,000$6.9B45.81%
196
ATEC 0.75 08/01/26ALPHATEC HOLDINGS INC 0.75 08/01/2026
6,320,000$6.6B44.31%
197
ALNYALNYLAM PHARMACEUTICALS INC
14,364$6.5B43.67%
198
LPSNUSDLIVEPERSON INC
11,124,880$6.5B43.26%
199
AXINAXIOM INTELLIGENCE CL A
650,000$6.5B43.25%
200
OACCOAKTREE ACQUISITION CORP I A
600,000$6.3B41.88%
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