LINDEN ADVISORS LP Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$16.2B
Holdings
472
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (472 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | LITE 0.5 06/15/28LUMENTUM HOLDINGS INC 0.5 06/15/2028 | 284,221,000 | $807.1M | 4.97% | |
| 2 | LEU 2.25 11/01/30CENTRUS ENERGY CORP 2.25 11/01/2030 | 239,902,000 | $644.0M | 3.96% | |
| 3 | LITE 1.5 12/15/29LUMENTUM HOLDINGS INC 1.5 12/15/2029 | 93,336,000 | $496.0M | 3.05% | |
| 4 | APLD 2.75 06/01/30APPLIED DIGITAL CORP 2.75 06/01/2030 | 130,435,000 | $350.9M | 2.16% | |
| 5 | LITE 0.5 12/15/26LUMENTUM HOLDINGS INC 0.5 12/15/2026 | 89,731,000 | $333.0M | 2.05% | |
| 6 | BILL 0 04/01/30BILL HOLDINGS INC 0 04/01/2030 144A | 314,207,000 | $289.5M | 1.78% | |
| 7 | AFRM 0.75 12/15/29AFFIRM HOLDINGS INC 0.75 12/15/2029 | 255,708,000 | $283.4M | 1.74% | |
| 8 | MSTRSTRATEGY INC NOTE 0.625 3/1 | 222,440,000 | $281.2M | 1.73% | |
| 9 | MKSI 1.25 06/01/30MKS INC 1.25 06/01/2030 | 213,119,000 | $272.5M | 1.68% | |
| 10 | LI 0.25 05/01/28LI AUTO INC 0.25 05/01/2028 | 261,707,000 | $263.6M | 1.62% | |
| 11 | SIRI 3.75 03/15/28LIBERTY MEDIA CORP 3.75 03/15/2028 | 249,419,000 | $251.1M | 1.55% | |
| 12 | EXAS 0.375 03/01/28EXACT SCIENCES CORP 0.375 03/01/2028 | 238,106,000 | $244.9M | 1.51% | |
| 13 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC 2.25 02/01/2029 | 214,048,000 | $241.0M | 1.48% | |
| 14 | UPST 2 10/01/29UPSTART HOLDINGS INC 2 10/01/2029 144A | 187,145,000 | $236.8M | 1.46% | |
| 15 | JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD 3.125 09/15/2030 | 175,450,000 | $234.0M | 1.44% | |
| 16 | PTON 5.5 12/01/29PELOTON INTERACTIVE INC 5.5 12/01/2029 | 137,643,000 | $229.1M | 1.41% | |
| 17 | SPHR 3.5 12/01/28SPHERE ENTERTAINMENT CO 3.5 12/01/2028 | 82,290,000 | $226.5M | 1.39% | |
| 18 | RUN 4 03/01/30SUNRUN INC 4 03/01/2030 144A | 154,261,000 | $218.6M | 1.35% | |
| 19 | CLSK 0 06/15/30CLEANSPARK INC 0 06/15/2030 144A | 209,496,000 | $217.2M | 1.34% | |
| 20 | BABA 0.5 06/01/31ALIBABA GROUP HOLDING 0.5 06/01/2031 | 139,376,000 | $216.9M | 1.34% | |
| 21 | SEI 0.25 10/01/31SOLARIS ENERGY INFRASTRU 0.25 10/01/2031 | 188,600,000 | $204.3M | 1.26% | |
| 22 | HAE 2.5 06/01/29HAEMONETICS CORP 2.5 06/01/2029 | 195,904,000 | $203.6M | 1.25% | |
| 23 | CELC 2.75 08/01/31CELCUITY INC 2.75 08/01/2031 | 93,372,000 | $202.5M | 1.25% | |
| 24 | ASND 2.25 04/01/28ASCENDIS PHARMA A/S 2.25 04/01/2028 | 137,397,000 | $195.1M | 1.20% | |
| 25 | COLL 2.875 02/15/29COLLEGIUM PHARMA INC 2.875 02/15/2029 | 134,690,000 | $190.4M | 1.17% | |
| 26 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY 2.25 09/15/2030 | 208,038,000 | $187.5M | 1.15% | |
| 27 | OSIS 2.25 08/01/29OSI SYSTEMS INC 2.25 08/01/2029 | 114,046,000 | $169.4M | 1.04% | |
| 28 | MMYT 0 02/15/28MAKEMYTRIP LIMITED 0 02/15/2028 | 78,484,000 | $168.9M | 1.04% | |
| 29 | MSTR 0 12/01/29STRATEGY INC NOTE 12/0 | 202,633,000 | $166.5M | 1.02% | |
| 30 | AVAV 0 07/15/30AEROVIRONMENT INC 0 07/15/2030 | 152,964,000 | $166.2M | 1.02% | |
| 31 | CIFR 1.75 05/15/30CIPHER MINING 1.75 05/15/2030 | 44,000,000 | $153.4M | 0.94% | |
| 32 | PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP 3.5 03/01/2030 | 151,347,000 | $153.4M | 0.94% | |
| 33 | VAC 3.25 12/15/27MARRIOTT VACATION WORLDW 3.25 12/15/2027 | 158,451,000 | $151.0M | 0.93% | |
| 34 | GH 1.25 02/15/31GUARDANT HEALTH INC 1.25 02/15/2031 | 81,820,000 | $149.7M | 0.92% | |
| 35 | BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC 2.5 03/15/2027 | 78,430,000 | $148.0M | 0.91% | |
| 36 | UPST 1 11/15/30UPSTART HOLDINGS INC 1 11/15/2030 | 163,302,000 | $142.7M | 0.88% | |
| 37 | RIOT 0.75 01/15/30RIOT PLATFORMS INC 0.75 01/15/2030 144A | 125,924,000 | $142.4M | 0.88% | |
| 38 | LRN 1.125 09/01/27STRIDE INC 1.125 09/01/2027 | 103,952,000 | $141.9M | 0.87% | |
| 39 | CNMD 2.25 06/15/27CONMED CORP 2.25 06/15/2027 | 139,175,000 | $133.4M | 0.82% | |
| 40 | SVMCN 4.75 12/15/29SILVERCORP METALS INC 4.75 12/15/2029 144A | 65,268,000 | $133.3M | 0.82% | |
| 41 | IREN 3.25 06/15/30IREN LTD 3.25 06/15/2030 | 51,777,000 | $127.0M | 0.78% | |
| 42 | WWAYFAIR INC 3.5 11/15/2028 | 55,084,000 | $126.3M | 0.78% | |
| 43 | FVICN 3.75 06/30/29FORTUNA MINING CORP 3.75 06/30/2029 144A | 72,876,000 | $123.6M | 0.76% | |
| 44 | TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC 2.25 03/01/2029 | 85,562,000 | $122.0M | 0.75% | |
| 45 | LIVN 2.5 03/15/29LIVANOVA PLC 2.5 03/15/2029 | 102,415,000 | $118.7M | 0.73% | |
| 46 | WDC 3 11/15/28WESTERN DIGITAL CORP 3 11/15/2028 | 25,867,000 | $118.7M | 0.73% | |
| 47 | COIN 0.25 04/01/30COINBASE GLOBAL INC 0.25 04/01/2030 144A | 108,676,000 | $111.4M | 0.69% | |
| 48 | PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC 2.125 05/15/2029 | 108,720,000 | $109.6M | 0.67% | |
| 49 | MSTR 0.875 03/15/31STRATEGY INC 0.875 03/15/2031 | 105,639,000 | $108.4M | 0.67% | |
| 50 | MSTR 2.25 06/15/32STRATEGY INC NOTE 2.250 6/1 | 96,649,000 | $107.3M | 0.66% | |
| 51 | ENPH 0 03/01/28ENPHASE ENERGY INC 0 03/01/2028 | 121,632,000 | $106.3M | 0.65% | |
| 52 | FIVN 1 03/15/29FIVE9 INC 1 03/15/2029 | 115,439,000 | $104.2M | 0.64% | |
| 53 | GH 0 11/15/27GUARDANT HEALTH INC 0 11/15/2027 | 96,940,000 | $104.1M | 0.64% | |
| 54 | VECO 2.875 06/01/29VEECO INSTRUMENTS INC 2.875 06/01/2029 | 82,575,000 | $102.6M | 0.63% | |
| 55 | ETSY 0.25 06/15/28ETSY INC 0.25 06/15/2028 | 112,000,000 | $100.1M | 0.62% | |
| 56 | ENOV 3.875 10/15/28ENOVIS CORP 3.875 10/15/2028 | 101,748,000 | $99.7M | 0.61% | |
| 57 | SEI 4.75 05/01/30SOLARIS ENERGY INFRASTRU 4.75 05/01/2030 | 48,669,000 | $97.5M | 0.60% | |
| 58 | AEIS 2.5 09/15/28ADVANCED ENERGY IND 2.5 09/15/2028 | 58,552,000 | $96.1M | 0.59% | |
| 59 | DVAX 2 03/15/30DYNAVAX TECHNOLOGIES 2 03/15/2030 144A | 86,598,000 | $90.4M | 0.56% | |
| 60 | SPB 3.375 06/01/29SPECTRUM BRANDS INC 3.375 06/01/2029 | 93,200,000 | $88.4M | 0.54% | |
| 61 | PGY 6.125 10/01/29PAGAYA TECHNOLOGIES LTD 6.125 10/01/2029 | 47,972,000 | $87.5M | 0.54% | |
| 62 | AMPH 2 03/15/29AMPHASTAR PHARMACEUTICAL 2 03/15/2029 | 93,574,000 | $86.6M | 0.53% | |
| 63 | MARA 0 03/01/30MARA HOLDINGS INC 0 03/01/2030 144A | 106,500,000 | $83.9M | 0.52% | |
| 64 | WGO 3.25 01/15/30WINNEBAGO INDUSTRIES 3.25 01/15/2030 | 88,548,000 | $83.3M | 0.51% | |
| 65 | ECPG 4 03/15/29ENCORE CAPITAL GROUP INC 4 03/15/2029 | 74,960,000 | $82.7M | 0.51% | |
| 66 | IMCR 2.5 02/01/30IMMUNOCORE HOLDINGS 2.5 02/01/2030 | 90,836,000 | $82.3M | 0.51% | |
| 67 | WB 1.375 12/01/30WEIBO CORP 1.375 12/01/2030 | 69,471,000 | $80.6M | 0.50% | |
| 68 | TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC 1.5 03/15/2029 144A | 78,683,000 | $80.2M | 0.49% | |
| 69 | SNAP 0.5 05/01/30SNAP INC 0.5 05/01/2030 144A | 90,118,000 | $79.0M | 0.49% | |
| 70 | TMDX 1.5 06/01/28TRANSMEDICS GROUP INC 1.5 06/01/2028 | 52,327,000 | $78.4M | 0.48% | |
| 71 | EVH 3.5 12/01/29EVOLENT HEALTH INC 3.5 12/01/2029 | 114,600,000 | $77.4M | 0.48% | |
| 72 | SEDG 2.25 07/01/29SOLAR EDGE TECHNOLOGIES 2.25 07/01/2029 | 63,338,000 | $73.8M | 0.45% | |
| 73 | NVST 1.75 08/15/28ENVISTA HOLDINGS CORP 1.75 08/15/2028 | 75,854,000 | $72.9M | 0.45% | |
| 74 | WK 1.25 08/15/28WORKIVA INC 1.25 08/15/2028 | 72,275,000 | $71.5M | 0.44% | |
| 75 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC 3.5 03/01/2029 | 77,858,000 | $69.5M | 0.43% | |
| 76 | OMCL 1 12/01/29OMNICELL INC 1 12/01/2029 | 64,400,000 | $69.5M | 0.43% | |
| 77 | INVA 2.125 03/15/28INNOVIVA INC 2.125 03/15/2028 | 67,396,000 | $68.8M | 0.42% | |
| 78 | ALHC 4.25 11/15/29ALIGNMENT HEALTHCARE 4.25 11/15/2029 144A | 44,700,000 | $67.9M | 0.42% | |
| 79 | LYFT 0.625 03/01/29LYFT INC 0.625 03/01/2029 | 56,274,000 | $67.8M | 0.42% | |
| 80 | FLNC 2.25 06/15/30FLUENCE ENERGY INC 2.25 06/15/2030 | 54,324,000 | $65.8M | 0.41% | |
| 81 | MARA 0 06/01/31MARA HOLDINGS INC 0 06/01/2031 | 69,715,000 | $58.4M | 0.36% | |
| 82 | SYNA 0.75 12/01/31SYNAPTICS INC 0.75 12/01/2031 | 54,800,000 | $57.8M | 0.36% | |
| 83 | RPD 1.25 03/15/29RAPID7 INC 1.25 03/15/2029 | 61,138,000 | $55.8M | 0.34% | |
| 84 | GPN 1.5 03/01/31GLOBAL PAYMENTS INC 1.5 03/01/2031 | 60,130,000 | $54.0M | 0.33% | |
| 85 | BBCN 3 02/15/29BLACKBERRY LTD 3 02/15/2029 | 41,471,000 | $52.3M | 0.32% | |
| 86 | GPRE 5.25 11/01/30 UNRSGREEN PLAINS INC 5.25 11/01/2030 | 49,508,000 | $52.2M | 0.32% | |
| 87 | COGTCOGENT BIOSCIENCES INC 1.625 11/15/2031 | 44,100,000 | $51.7M | 0.32% | |
| 88 | RIVN 4.625 03/15/29RIVIAN AUTO INC 4.625 03/15/2029 | 40,500,000 | $50.9M | 0.31% | |
| 89 | DKNG 0 03/15/28DRAFTKINGS HOLDINGS INC 0 03/15/2028 | 55,278,000 | $50.6M | 0.31% | |
| 90 | PI 1.125 05/15/27IMPINJ INC 1.125 05/15/2027 | 28,262,000 | $46.1M | 0.28% | |
| 91 | ZD 3.625 03/01/28ZIFF DAVIS INC 3.625 03/01/2028 144A | 45,586,000 | $44.7M | 0.28% | |
| 92 | LARCN 1.75 01/15/27LITHIUM ARGENTINA AG 1.75 01/15/2027 | 48,555,000 | $44.2M | 0.27% | |
| 93 | ETSY 0.125 09/01/27ETSY INC 0.125 09/01/2027 | 45,982,000 | $42.7M | 0.26% | |
| 94 | CRNC 1.5 07/01/28CERENCE INC 1.5 07/01/2028 | 44,725,000 | $40.3M | 0.25% | |
| 95 | TE 5.25 12/01/30T1 ENERGY INC 5.25 12/01/2030 | 30,950,000 | $39.5M | 0.24% | |
| 96 | NIO 3.875 10/15/29NIO INC 3.875 10/15/2029 | 41,282,000 | $39.0M | 0.24% | |
| 97 | WT 3.25 08/15/29WISDOMTREE INC 3.25 08/15/2029 144A | 31,127,000 | $37.5M | 0.23% | |
| 98 | NIO 4.625 10/15/30NIO INC 4.625 10/15/2030 | 39,748,000 | $36.0M | 0.22% | |
| 99 | UPWK 0.25 08/15/26UPWORK INC 0.25 08/15/2026 | 35,244,000 | $34.4M | 0.21% | |
| 100 | MARA 2.125 09/01/31MARA HOLDINGS INC 2.125 09/01/2031 144A | 42,600,000 | $34.3M | 0.21% |
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